Overview
What is Paramount Advantage?
Paramount Advantage is a nonprofit organization based in Toledo, Ohio, that administers Ohio Medicaid health care coverage to eligible residents. They collaborate with healthcare providers to monitor and enhance performance, focusing on clinical outcomes, medical and behavioral services, and patient safety. Paramount Advantage has identified three strategic areas to identify high-risk patients, improve care, and enhance quality of life: diabetes care, maternal and newborn health, and behavioral health services. Their statewide, comprehensive panel of providers offers acute, preventative, behavioral health, pharmacy, dental, and vision care throughout Ohio, with over 48,000 providers exceeding state minimum requirements. The mission of Paramount Advantage is to facilitate the provision of healthcare services for eligible Ohio Medicaid consumers and promote better healthcare throughout the state, emphasizing preventative healthcare programs, coordinating services, and advocacy.
Official website here: www.paramounthealthcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% - Three-Star out of Four Star rating
Paramount Advantage has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization boasts an impressive program expense ratio of 95.54%, indicating that a significant portion of its funds is directed toward program services rather than administrative costs. The charity also demonstrates strong governance practices with a majority of independent board members and comprehensive policies in place.
While the financial health of Paramount Advantage is commendable, there are some areas for improvement, particularly regarding its liabilities to assets ratio, which stands at 56.36%. This suggests that the organization may have a moderate level of liability compared to its assets, which could impact its long-term financial sustainability. Nonetheless, the lack of material diversion of assets and the presence of various sound financial policies highlight its commitment to transparency and ethical management.
Overall, Paramount Advantage's solid rating indicates a reliable nonprofit that prioritizes programmatic impact and has established robust governance frameworks. However, stakeholders should keep an eye on its financial liabilities to ensure continued stability and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Paramount Advantage legitimate?
Paramount Advantage is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paramount Advantage submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,260,237
For more financial information, click here
Official website here: www.paramounthealthcare.com
What is the mission statement of Paramount Advantage?
Paramount Advantage focuses on facilitating healthcare services for eligible Medicaid consumers in Ohio through a vast network of physicians, hospitals, and other providers. The organization's mission revolves around promoting preventative healthcare programs and coordinating services among members and providers. Paramount Advantage actively participates in programs and activities that provide related healthcare services, education, counseling, social services assistance, and advocacy for its Ohio Medicaid members. The organization's strategic priorities include identifying high-risk patients, improving care, and enhancing quality of life, with a particular focus on diabetes care, maternal and newborn health, and behavioral health services.
Official website here: www.paramounthealthcare.com
Who is the CEO of Paramount Advantage?
Terrence Metzger is the Chairman of Paramount Advantage. The CEO's salary of Paramount Advantage is $0 and their total compensation is $1,618,580.
Official website here: www.paramounthealthcare.com
What is the revenue of Paramount Advantage?
Paramount Advantage's revenue in 2022 was $259,665,042.
Official website here: www.paramounthealthcare.com
Who are the executives of Paramount Advantage and what are their salaries?
There 2 volunteers at Paramount Advantage.
Here are 12 key members and their salaries (Paramount Advantage's CEO's salary is $0 and their total compensation is $1,618,580):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $966,984
- Other: $9,450
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $5,476,040
- Other: $3,579
- Compensation: $0
- Related: $683,615
- Other: $6,102
- Compensation: $0
- Related: $927,467
- Other: $44,223
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,435,815
- Other: $41,525
- Compensation: $0
- Related: $1,605,830
- Other: $12,750
- Compensation: $0
- Related: $252,074
- Other: $7,396
- Compensation: $0
- Related: $466,247
- Other: $33,651
- Compensation: $0
- Related: $236,928
- Other: $0
Official website here: www.paramounthealthcare.com
Where can I find the form 990 for Paramount Advantage?
Paramount Advantage's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paramounthealthcare.com
Learn more at the official website: www.paramounthealthcare.com
Mission Statement of Paramount Advantage
Paramount Advantage, a healthcare organization dedicated to serving eligible Ohio Medicaid consumers, works tirelessly to facilitate the provision of comprehensive health care services. The mission of this entity is multifaceted, encompassing the coordination of care amongst a vast network of medical professionals, hospitals, and other providers. By promoting preventative health care programs, Paramount Advantage strives to improve the overall well-being of its members.
Paramount Advantage's commitment to superior healthcare is underpinned by its strategic focus areas aimed at identifying high-risk patients, enhancing care, and improving quality of life. These areas include diabetes care, maternal and newborn health, and behavioral health services. The organization's extensive panel of providers, which exceeds 48,000 and surpasses state minimum requirements, ensures that access to acute, preventative, behavioral health, pharmacy, dental, and vision care is readily available throughout the state.
In pursuit of its mission, Paramount Advantage champions the betterment of healthcare in Ohio. By participating in programs and initiatives that offer related healthcare services, education, counseling, social services assistance, and advocacy on behalf of its Ohio Medicaid members and the community at large, the organization is making a significant impact on the healthcare landscape within the state.
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Impact
October, 2024
Paramount Advantage significantly impacts the health care landscape for eligible Ohio residents by administering Ohio Medicaid health care coverage. Its collaborative approach with physicians and other providers aims to monitor and improve clinical outcomes, medical and behavioral services, and patient safety. This commitment is underscored by dedicated resources towards clinical quality improvement, particularly through robust case management.
By identifying high-risk patients and focusing on improving care quality, Paramount Advantage enhances the overall health and well-being of its members. Key initiatives target critical areas such as diabetes care, maternal and newborn health, and behavioral health services, ensuring comprehensive support for various health needs.
The Advantage Network, a comprehensive statewide panel of over 48,000 providers, facilitates access to a wide range of services including acute, preventive, behavioral health, pharmacy, dental, and vision care. This extensive network exceeds state minimum requirements for primary care providers, thus guaranteeing that Ohio Medicaid consumers receive timely and effective health care.
Moreover, by promoting preventative care programs, coordinating services among members and providers, and engaging in advocacy and educational initiatives, Paramount Advantage plays a vital role in advancing the overall health care system in Ohio. This multi-faceted approach not only improves the quality of care for its members but also contributes to the betterment of community health at large.
This information is meant to be a general summary of Paramount Advantage. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $47,317,022
- Program Service Revenue: $212,348,020
- Gross Receipts: $500,755,380
Assets and Liabilities:
- Total Assets: $207,974,426
- Total Liabilities: $117,224,964
- Net Assets: $90,749,462
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES
Revenue
$212,348,020
Organization Details
Founding Year
2005
Phone
(419) 252-5772Principal Officer
Terrence Metzger
Main Address
300 MADISON AVE 270, TOLEDO, OH, 43604
Website
www.paramounthealthcare.comNTEE Category
Code: E31 - Health
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