Overview
What is Heritage Valley Health Systeminc?
Heritage Valley Health Systeminc is a supportive organization based in Beaver, Pennsylvania, with a US address at 1000 Dutch Ridge Road. Established to help tax-exempt hospitals, specifically Valley Medical Facilities, Inc., the organization aims to further their charitable purposes. In 2017, Heritage Valley Health Systeminc formed the Heritage Valley Healthcare Network, LLC (HVHN), which functions as a clinically integrated physician hospital network. The HVHN was established to develop care protocols and policies, employing evidence-based medicine and other techniques, to provide cost-effective healthcare while maintaining or improving physician reimbursement. This initiative builds upon the success and experience of affiliated primary care practices.
Official website here: www.heritagevalley.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Heritage Valley Health Systeminc has demonstrated strong performance with a 96% score, primarily reflecting its commitment to accountability and finance. The organization has achieved a perfect score in several key areas, including independent board membership and financial oversight, indicating robust governance practices.
The nonprofit boasts an impressive program expense ratio of 94.65%, suggesting that a significant portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, the absence of any material diversion of assets further underscores its financial integrity.
However, while the organization excels in governance and financial management, the summary does not provide insight into the specific programs or outcomes associated with its services. Overall, Heritage Valley Health Systeminc appears to be a well-managed nonprofit with a strong emphasis on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Valley Health Systeminc legitimate?
Heritage Valley Health Systeminc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Valley Health Systeminc 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: $1,769,184
For more financial information, click here
Official website here: www.heritagevalley.org
What is the mission statement of Heritage Valley Health Systeminc?
Heritage Valley Health Systeminc functions as a supporting organization to tax-exempt hospitals, Valley Medical Facilities, Inc. Its primary goal is to aid these hospitals in advancing their tax-exempt purposes. In 2017, Heritage Valley Health Systeminc established the Heritage Valley Healthcare Network, LLC (HVHN), which aims to create a clinically integrated physician hospital network. HVHN facilitates joint contracting authority, enabling the development of care protocols and policies to enhance care coordination using evidence-based medicine and techniques. This initiative seeks to provide a more cost-effective healthcare product while maintaining or improving physician reimbursement. The success and experience of affiliated primary care practices serve as a foundation for expanding these efforts.
Official website here: www.heritagevalley.org
Who is the CEO of Heritage Valley Health Systeminc?
Norman F Mitry is the President & Ceo of Heritage Valley Health Systeminc. The CEO's salary of Heritage Valley Health Systeminc is $0 and their total compensation is $698,519.
Official website here: www.heritagevalley.org
What is the revenue of Heritage Valley Health Systeminc?
Heritage Valley Health Systeminc's revenue in 2022 was $16,447,827.
Official website here: www.heritagevalley.org
Who are the executives of Heritage Valley Health Systeminc and what are their salaries?
There 16 volunteers at Heritage Valley Health Systeminc.
Here are 21 key members and their salaries (Heritage Valley Health Systeminc's CEO's salary is $0 and their total compensation is $698,519):
- Compensation: $0
- Related: $659,150
- Other: $39,369
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $573,514
- Other: $29,499
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $575,527
- Other: $29,361
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $276,309
- Other: $32,414
- Compensation: $0
- Related: $443,423
- Other: $16,807
Official website here: www.heritagevalley.org
Where can I find the form 990 for Heritage Valley Health Systeminc?
Heritage Valley Health Systeminc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritagevalley.org
Learn more at the official website: www.heritagevalley.org
Mission Statement of Heritage Valley Health Systeminc
Heritage Valley Health Systeminc is a supporting organization that aids tax-exempt hospitals, Valley Medical Facilities, Inc., in advancing their tax-exempt objectives. Their mission focuses on fostering a clinically integrated physician hospital network, Heritage Valley Healthcare Network (HVHN), established in FY 2017. The primary goal of HVHN is to develop joint contracting authority, enhancing collaboration between hospitals and healthcare providers. By implementing evidence-based medicine and other techniques, HVHN aims to deliver a more cost-effective healthcare product while preserving or improving physician reimbursement. The success of affiliated primary care practices serves as a solid foundation for the network's expansion.
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Impact
October, 2024
Heritage Valley Health System, Inc. plays a crucial role in enhancing healthcare delivery in Beaver, PA, by supporting local tax-exempt hospitals, particularly the Valley Medical Facilities, Inc. Through the formation of the Heritage Valley Healthcare Network, LLC (HVHN) in 2017, it has created a clinically integrated physician-hospital network focused on improving patient care and optimizing healthcare costs.
The HVHN operates under joint contracting authority and is dedicated to developing evidence-based care protocols and care coordination policies. This strategic approach not only ensures a more cost-effective healthcare product but also aims to maintain or improve physician reimbursement. By leveraging the successes of affiliated primary care practices, Heritage Valley Health System enhances collaboration among healthcare providers, ultimately striving to improve health outcomes for the community it serves.
This information is meant to be a general summary of Heritage Valley Health Systeminc. 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: $3,228,329
- Program Service Revenue: $13,219,498
- Gross Receipts: $16,447,827
Assets and Liabilities:
- Total Assets: $127,863,435
- Total Liabilities: $10,274,847
- Net Assets: $117,588,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SHARED SAVINGS REVENUE
Revenue
$13,219,498
Organization Details
Founding Year
1996
Phone
(412) 741-6600Principal Officer
Norman F Mitry
Main Address
1000 DUTCH RIDGE ROAD, BEAVER, PA, 15009
Website
www.heritagevalley.orgNTEE Category
Code: E210 - Health
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