Overview
What is Healthcare Quality Strategies Inc?
Healthcare Quality Strategies Inc (HQSI) is a URAC-accredited, independent organization, established in 1984, dedicated to enhancing healthcare quality. Located in New Jersey, HQSI serves as a Quality Improvement Organization, delivering cost-effective, timely, and impartial medical reviews. Their team of skilled professionals works tirelessly to ensure patients receive appropriate care every time. HQSI offers one-on-one coaching and consultation in quality improvement, as well as best practice change packages. Additionally, they facilitate collaborative learning sessions to drive continuous improvement within the healthcare sector.
Official website here: www.hqsi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Healthcare Quality Strategies Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial performance. While the organization demonstrates strengths in governance, with a fully independent board and a solid conflict of interest policy, its overall rating is hindered by financial metrics. Specifically, the program expense ratio is notably low, suggesting that less than half of its expenditures are directed towards programs, which raises questions about its operational effectiveness.
Additionally, the organization has a favorable score for its audit and oversight committee and has no reported material diversion of assets. However, the absence of the tax form on its website and a concerning liabilities to assets ratio further detracts from its financial standing. This lack of transparency and high liabilities may lead potential donors to be cautious about their contributions.
Overall, while Healthcare Quality Strategies Inc is performing well in governance aspects, its financial management and program focus appear to need significant improvement to enhance trust and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Healthcare Quality Strategies Inc legitimate?
Healthcare Quality Strategies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Healthcare Quality Strategies Inc 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: $597,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,744,866
For more financial information, click here
Official website here: www.hqsi.org
What is the mission statement of Healthcare Quality Strategies Inc?
Healthcare Quality Strategies Inc, as a URAC-accredited organization, is dedicated to enhancing the quality of healthcare. Their mission is centered around conducting cost-effective, timely, and impartial medical reviews, ensuring patients receive appropriate care. As a Quality Improvement Organization, HQSI focuses on accelerating healthcare improvement. Their team of skilled and experienced professionals offers one-on-one quality improvement coaching and consultations. Furthermore, they provide best practice change packages and facilitate collaborative learning sessions to promote continuous improvement in healthcare.
Official website here: www.hqsi.org
Who is the CEO of Healthcare Quality Strategies Inc?
Valerie Aiello is the Trustee of Healthcare Quality Strategies Inc. The CEO's salary of Healthcare Quality Strategies Inc is $169,743 and their total compensation is $178,948.
Official website here: www.hqsi.org
What is the revenue of Healthcare Quality Strategies Inc?
Healthcare Quality Strategies Inc's revenue in 2022 was $3,213,233.
Official website here: www.hqsi.org
Who are the executives of Healthcare Quality Strategies Inc and what are their salaries?
The average compensation at Healthcare Quality Strategies Inc during 2022 was $65,059. There are 36 employees and 15 volunteers at Healthcare Quality Strategies Inc.
Here are 21 key members and their salaries (Healthcare Quality Strategies Inc's CEO's salary is $169,743 and their total compensation is $178,948):
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $5,550
- Related: $0
- Other: $0
- Compensation: $1,150
- Related: $0
- Other: $0
- Compensation: $2,350
- Related: $0
- Other: $0
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $3,650
- Related: $0
- Other: $0
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $114,436
- Related: $0
- Other: $3,624
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $3,050
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,650
- Related: $0
- Other: $0
- Compensation: $4,150
- Related: $0
- Other: $0
- Compensation: $335,780
- Related: $0
- Other: $26,582
- Compensation: $116,512
- Related: $0
- Other: $7,728
- Compensation: $169,743
- Related: $0
- Other: $9,205
- Compensation: $125,607
- Related: $0
- Other: $50,673
- Compensation: $174,177
- Related: $0
- Other: $49,378
Official website here: www.hqsi.org
Where can I find the form 990 for Healthcare Quality Strategies Inc?
Healthcare Quality Strategies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hqsi.org
Learn more at the official website: www.hqsi.org
Mission Statement of Healthcare Quality Strategies Inc
Healthcare Quality Strategies Inc, as a URAC-accredited Independent Review Organization, is devoted to monitoring the quality of healthcare in New Jersey. With a rich history dating back to 1984, this organization has been instrumental in ensuring that patients consistently receive appropriate care. As a Quality Improvement Organization, Healthcare Quality Strategies Inc focuses on expediting the enhancement of healthcare quality. The team at Healthcare Quality Strategies Inc is composed of skilled and experienced professionals who are committed to minimizing any potential conflicts and conducting medical reviews in a cost-effective and timely manner.
Beyond its reviewing functions, Healthcare Quality Strategies Inc also offers one-on-one quality improvement coaching and consultation services. This hands-on approach allows healthcare providers to implement best practices and improve the overall quality of care they deliver. Additionally, Healthcare Quality Strategies Inc facilitates collaborative learning sessions, fostering a community of healthcare professionals who can share insights and experiences, ultimately leading to further advancements in healthcare quality.
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Impact
October, 2024
Healthcare Quality Strategies Inc (HQSI) has a significant impact on the healthcare landscape in New Jersey by monitoring and enhancing the quality of care provided to patients. Established in 1984, HQSI brings a wealth of expertise as a URAC-accredited Independent Review Organization, ensuring that medical reviews are conducted in a cost-effective and conflict-free manner.
By focusing on quality improvement, HQSI plays a crucial role in helping healthcare providers deliver the right care consistently. Their dedicated team offers one-on-one quality improvement coaching and consultation, empowering healthcare professionals with the tools and strategies needed to implement best practices. Additionally, HQSI facilitates collaborative learning sessions, fostering a community of shared knowledge and experience among healthcare providers. This collaborative approach not only accelerates the adoption of innovative practices but also enhances the overall quality of care in the region.
The organization’s commitment to monitoring healthcare quality ensures that patients in New Jersey receive timely, effective, and safe care, making a lasting, positive impact on the state's healthcare system.
This information is meant to be a general summary of Healthcare Quality Strategies Inc. 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: $201,233
- Program Service Revenue: $3,106,761
- Gross Receipts: $5,190,570
Assets and Liabilities:
- Total Assets: $9,670,801
- Total Liabilities: $1,903,735
- Net Assets: $7,767,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER CONTRACT REVENUE
Revenue
$3,106,761
Organization Details
Founding Year
1982
Phone
(732) 238-5570Principal Officer
Valerie Aiello
Main Address
557 CRANBURY ROAD 6, EAST BRUNSWICK, NJ, 08816
Website
www.hqsi.orgNTEE Category
Code: E190 - Health
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