Overview
What is Midwest Health Initiative?
The Midwest Health Initiative (MHI) is a nonprofit organization based in Saint Louis, Missouri, located at 8888 LADUE RD 250. Their primary focus is to promote health improvement and enhance the affordability and quality of healthcare. They achieve this by sharing reliable information and fostering shared responsibility among providers, health plans, and other partners. MHI compares the healthcare utilization of different populations and convenes community partners to align their actions towards improvement. Recently, MHI collaborated with various stakeholders, including business, government, and labor purchasers, to establish voluntary spending targets for 2023-2025 and develop measures for future public reporting. These measures include individual and composite measures of quality and a measure of total cost of care per person attributed to a medical group. More details about this work can be found on the MHI website.
Official website here: www.midwesthealthinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Midwest Health Initiative has achieved an 88% rating, which reflects a solid performance in accountability and finance. The organization boasts 100% independent board members and has a strong financial oversight structure, evidenced by a perfect score for its audit and oversight committee. Additionally, it maintains a favorable liabilities to assets ratio of 0.00% and allocates 87.24% of its expenses directly to programs, indicating effective financial management and a commitment to its mission.
Despite these strengths, there are areas for improvement. The organization lacks certain important policies, including a conflict of interest policy and a whistleblower policy, which received no points in these categories. Moreover, the tax form, which should ideally be posted on the nonprofit's website, is missing, which could impact transparency. Addressing these gaps could enhance the organization's overall accountability and public trust.
Overall, while Midwest Health Initiative demonstrates strong financial health and governance in several key areas, adopting comprehensive policies and improving transparency could further bolster its reputation and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Midwest Health Initiative legitimate?
Midwest Health Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Health Initiative 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
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Other Salaries and Wages: $181,857
For more financial information, click here
Official website here: www.midwesthealthinitiative.org
What is the mission statement of Midwest Health Initiative?
The Midwest Health Initiative's mission is to establish a platform that fosters the exchange of reliable information and shared responsibility, aiming to enhance health and the affordability and quality of healthcare. They achieve this by sharing data on healthcare utilization between providers, plans, and partners, allowing them to compare their practices with others. Furthermore, the organization convenes community partners to align actions towards improvement. In collaboration with various partners, they have defined voluntary spending targets for 2023-2025 and established measures for future public reporting, which include individual and composite measures of quality and a measure of the total cost of care per person attributed to a medical group.
Official website here: www.midwesthealthinitiative.org
Who is the CEO of Midwest Health Initiative?
Louise Probst is the Director of Midwest Health Initiative.
Official website here: www.midwesthealthinitiative.org
What is the revenue of Midwest Health Initiative?
Midwest Health Initiative's revenue in 2022 was $766,326.
Official website here: www.midwesthealthinitiative.org
Who are the executives of Midwest Health Initiative and what are their salaries?
There 40 volunteers at Midwest Health Initiative.
Here are 22 key members and their salaries:
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- Related: $223,000
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- Other: $17,997
Official website here: www.midwesthealthinitiative.org
Where can I find the form 990 for Midwest Health Initiative?
Midwest Health Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwesthealthinitiative.org
Learn more at the official website: www.midwesthealthinitiative.org
Mission Statement of Midwest Health Initiative
The Midwest Health Initiative serves as a platform, promoting the exchange of reliable information and encouraging shared responsibility to enhance health and the affordability and quality of healthcare. Its primary objective is to create a forum where various entities, including healthcare providers, health plans, and other partners, can collaborate and compare their healthcare utilization patterns. The initiative facilitates information sharing between these entities, enabling them to align their actions towards improvement.
During a recent period, Midwest Health Initiative partnered with businesses, government entities, and labor purchasers to establish voluntary spending targets for 2023-2025. They worked together with health plans and provider partners to define these targets, with the goal of improving healthcare quality and reducing costs. To measure the success of these efforts, Midwest Health Initiative developed individual and composite measures of quality, as well as a measure of the total cost of care per person attributed to a medical group. This data will be reported publicly, providing transparency and accountability in the healthcare industry. More information about this work can be found on the Midwest Health Initiative's website.
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Impact
October, 2024
The Midwest Health Initiative (MHI) has significantly impacted the health landscape by fostering collaboration and information sharing among healthcare providers, plans, and community partners. Through its efforts, MHI creates a platform for stakeholders to exchange trusted information regarding healthcare utilization, allowing them to compare their practices against others. This helps identify areas for improvement and align actions toward enhancing health outcomes.
The Initiative has brought together business, government, labor purchasers, health plans, and provider partners to set voluntary spending targets for 2023-2025. In doing so, it has established key performance measures, including individual and composite quality measures, as well as total cost of care metrics per person attributable to medical groups. These measures are crucial for future public reporting, driving accountability and transparency in healthcare.
MHI’s collaborative approach empowers local stakeholders to take shared responsibility for health improvement, aiming to increase the quality and affordability of healthcare services. Programs and initiatives developed through the REACH Workgroup (Road to Effective and Affordable Change in Healthcare) exemplify MHI's commitment to effective change within the healthcare system. In essence, the Midwest Health Initiative plays a vital role in enhancing community health by promoting informed decision-making and cooperative strategies.
This information is meant to be a general summary of Midwest Health Initiative. 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: $71
- Program Service Revenue: $362,000
- Gross Receipts: $766,326
Assets and Liabilities:
- Total Assets: $297,432
- Total Liabilities: $0
- Net Assets: $297,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DATA LICENSE FEES
Revenue
$362,000
Organization Details
Founding Year
2008
Phone
(314) 721-8715Principal Officer
Louise Probst
Main Address
8888 LADUE RD 250, SAINT LOUIS, MO, 63124
NTEE Category
Code: H05 - Medical research
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