Overview
What is Catalyst For Payment Reform?
Catalyst for Payment Reform (CPR) is a nonprofit organization based in Berkeley, California, with a mission to catalyze employers, public purchasers, and other stakeholders to implement strategies that improve the value of healthcare and enhance the functioning of the healthcare marketplace. Their efforts are driven towards three strategic goals: effective payment reform, innovative healthcare purchasers, and a better healthcare marketplace. By 2020, they aim to have 20% of payments flow through methods that improve value. They also strive to educate and activate healthcare purchasers in the use of benefit designs, payment methods, and other tactics that support higher value healthcare. Furthermore, they aim to make the healthcare marketplace more responsive to the needs of those who use and pay for healthcare by promoting greater visibility and competition. CPR is a member-based organization with a focus on empowering health care purchasers who want to proactively improve the healthcare market's functioning. They derive their momentum from their CPR membership, a group of 30+ progressive employers, and offer education, tools, research, and events to meet the needs of a range of purchasers.
Official website here: www.catalyze.org/about-us/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (58%)
Catalyst For Payment Reform has earned a One-Star rating, reflecting concerns primarily in its accountability and finance metrics. The organization scores 58% overall, driven by a perfect score in certain areas like independent board member representation and financial statement audits. However, the lack of key policies such as a conflict of interest policy and a whistleblower policy, as well as missing financial documentation on its website, significantly impacts its score.
Despite having a fully independent board and a strong financial audit process, the organization struggles with transparency and governance practices. The liabilities to assets ratio of 79.31% indicates potential financial instability, and the program expense ratio of 57.64% suggests that less than a majority of its expenses are going towards its programs. These limitations highlight areas that require improvement to bolster trust and reliability among stakeholders.
Overall, while Catalyst For Payment Reform demonstrates some strengths in governance structure, it faces challenges in financial transparency and accountability practices that could affect its operational effectiveness and the confidence of donors and the public. Addressing these weaknesses could help enhance its performance and rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Catalyst For Payment Reform legitimate?
Catalyst For Payment Reform is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catalyst For Payment Reform 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: $1,137,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,816
For more financial information, click here
Official website here: www.catalyze.org/about-us/
What is the mission statement of Catalyst For Payment Reform?
Catalyst for Payment Reform, an independent, nonprofit organization, is dedicated to accelerating reforms in payment that align with the Institute of Medicine's six aims. The primary goal of Catalyst for Payment Reform is to assist employers and other health care purchasers in obtaining better value for their health care expenditures. By empowering health care purchasers who are proactive about improving the functioning of the health care market, Catalyst for Payment Reform seeks to make significant strides in this area. The organization derives its momentum from its membership, comprising over 30 progressive employers. In addition to catering to its membership, Catalyst for Payment Reform provides a range of offerings, including education, tools, research, and events, to meet the needs of various health care purchasers.
Official website here: www.catalyze.org/about-us/
Who is the CEO of Catalyst For Payment Reform?
Bernardino Guy D'Andrea is the President of Catalyst For Payment Reform.
Official website here: www.catalyze.org/about-us/
What is the revenue of Catalyst For Payment Reform?
Catalyst For Payment Reform's revenue in 2022 was $1,471,876.
Official website here: www.catalyze.org/about-us/
Who are the executives of Catalyst For Payment Reform and what are their salaries?
The average compensation at Catalyst For Payment Reform during 2022 was $172,511. There are 8 employees at Catalyst For Payment Reform.
Here are 9 key members and their salaries:
- Compensation: $350,275
- Related: $0
- Other: $24,489
- Compensation: $249,772
- Related: $0
- Other: $21,253
- Compensation: $219,734
- Related: $0
- Other: $16,441
- Compensation: $214,898
- Related: $0
- Other: $10,852
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.catalyze.org/about-us/
Where can I find the form 990 for Catalyst For Payment Reform?
Catalyst For Payment Reform's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catalyze.org/about-us/
Learn more at the official website: www.catalyze.org/about-us/
Mission Statement of Catalyst For Payment Reform
Catalyst for Payment Reform, a nonprofit organization, is dedicated to propelling reforms in payment systems that align with the Institute of Medicine's six aims. Its mission is to empower employers and other healthcare purchasers to obtain better value for their healthcare expenditures. By proactively improving the functionality of the healthcare market, Catalyst for Payment Reform aims to foster a more effective and efficient healthcare system. The organization derives its momentum from its member-base, comprising over 30 progressive employers, and also caters to a broader range of purchasers, offering educational resources, tools, research, and events.
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Impact
October, 2024
Catalyst For Payment Reform (CPR) has significantly influenced the healthcare landscape by advocating for payment reform that aligns with the Institute of Medicine's aims. Their mission centers on empowering employers and healthcare purchasers to seek higher value in healthcare spending.
CPR successfully drives effective payment reform strategies, with a goal that 20% of payments transition to value-based methods by 2020. This shift encourages healthcare providers to focus on quality outcomes rather than quantity of services, fostering a system that prioritizes patient care and enhances overall health outcomes.
Moreover, CPR plays a pivotal role in educating and engaging healthcare purchasers. By equipping them with knowledge about benefit designs, payment methods, and consumer strategies, CPR helps these stakeholders become more proactive in making informed decisions. This education leads to more thoughtful healthcare purchasing, ultimately resulting in better value and care quality.
Enhancing visibility and competition in the healthcare marketplace is another critical aspect of CPR's impact. By advocating for transparent pricing and informed decision-making, the organization seeks to create a marketplace that responds effectively to the needs of patients and payers alike.
Overall, Catalyst For Payment Reform contributes to the transformation of the healthcare system by promoting innovative purchasing practices, advocating for effective payment methodologies, and fostering an environment where value and quality are paramount.
This information is meant to be a general summary of Catalyst For Payment Reform. 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: $1,650
- Program Service Revenue: $730,988
- Gross Receipts: $1,471,876
Assets and Liabilities:
- Total Assets: $894,333
- Total Liabilities: $709,367
- Net Assets: $184,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FOR SERVICE
Revenue
$693,764
CONTENT PARTNERSHIP
Revenue
$15,750
SPEECH STIPENDS
Revenue
$10,000
TOOL DOWNLOADS
Revenue
$6,713
REGISTRATION FEES
Revenue
$3,525
Organization Details
Founding Year
2008
Phone
(415) 548-9761Principal Officer
Bernardino Guy D'Andrea
Main Address
PO BOX 2565, BERKELEY, CA, 94702
Website
www.catalyze.org/about-us/NTEE Category
Code: E05 - Health
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