Overview
What is Northwell Health Alliance Inc?
Northwell Health Alliance Inc functions as a group purchasing cooperative exclusively for tax-exempt hospitals under section 501(c)(3) of the Internal Revenue Code. The organization facilitates cost savings and efficient procurement for its member hospitals by pooling their resources and negotiating favorable contracts for goods and services. By collaborating, Northwell Health Alliance Inc enables its members to benefit from collective buying power and enhance their operational efficiencies.
Is Northwell Health Alliance Inc legitimate?
Northwell Health Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwell Health Alliance 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.
Here are some key statistics you may want to consider:
Executive Compensation: $930,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,876,224
For more financial information, click here
Mission Statement of Northwell Health Alliance Inc
Northwell Health Alliance Inc serves as a unified purchasing group for its tax-exempt member hospitals under Section 501(c)(3) of the Internal Revenue Code. This cooperative aims to enhance the operational efficiency and economical sustainability of its hospital members by pooling their collective buying power. The alliance facilitates the negotiation of favorable contracts and securing competitive pricing for essential supplies and services. By collaboratively addressing procurement needs, Northwell Health Alliance Inc enables its members to focus more on providing high-quality healthcare services to their communities. This cooperative arrangement ultimately leads to improved patient care, operational efficiencies, and cost savings for the participating hospitals.
Impact
This information is meant to be a general summary of Northwell Health Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Northwell Health Alliance Inc's impact is pivotal in supporting its member hospitals through a group purchasing cooperative structure. By leveraging collective resources and buying power, Northwell Health Alliance Inc enables its member hospitals to access necessary supplies and services at more affordable rates. This ultimately helps to improve the operational efficiency and financial sustainability of these hospitals, allowing them to focus more on providing quality healthcare services to their communities. Through its dedicated mission, Northwell Health Alliance Inc plays a crucial role in enhancing the overall healthcare landscape and ensuring that its member hospitals can continue to fulfill their important role in promoting community health and well-being.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP PURCHASING REBATES
Revenue
$19,760,829
Organization Details
Founding Year
2008
Phone
(516) 321-6058
Principal Officer
Donna Drummond
Main Address
972 BRUSH HOLLOW RD 5th FL, WESTBURY, NY, 11590
NTEE Category
Code: E19 - Health
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