Overview
What is Mount Carmel Health Plan Inc?
Mount Carmel Health Plan Inc, also known as MEDIGOLD, is a nonprofit organization established in 1996 as a subsidiary of Mount Carmel Health System, a tax-exempt healthcare system under IRC Section 501(c)(3). Based in Columbus, Ohio, MEDIGOLD was initially formed to provide comprehensive health care coverage to seniors in Central Ohio. In 2021, its service area expanded to parts of Iowa. This health plan offers benefits through a Medicare Advantage Plan approved by the Centers for Medicare and Medicaid Services (CMS), providing an alternative to traditional Medicare coverage for seniors and other Medicare beneficiaries in 39 Ohio and 13 Iowa counties. MEDIGOLD entered into a contract with CMS in 1996 as part of a demonstration program. Members of MEDIGOLD elect to have the benefits of Medicare Part A and Part B administered by the organization instead of the federal government. In addition to covering everything that the federal Medicare program covers, MEDIGOLD offers extra benefits such as unlimited inpatient hospital days, outpatient surgery for a small copayment, diagnostic and testing services, home health care, skilled nursing care, prescription drug benefits, physician office visits with fixed copayments, and unlimited generic drug coverage. Mount Carmel Health Plan is recognized for providing excellent value to seniors and has consistently received high marks for customer satisfaction and service in Ohio, as measured by the CMS CAHPS surveys. Working in collaboration with employers, individual members, physicians, healthcare providers, and community and governmental agencies, MEDIGOLD is a community-based managed healthcare organization that strives to continually improve the health of its members by providing exceptional coverage and access to high-quality and cost-effective care.
Official website here: www.medigold.com
What are the reviews and ratings of this charity?
Mount Carmel Health Plan Inc is not currently rated by Charity Navigator. This absence of a rating should not be construed positively or negatively; it simply indicates the organization does not meet the evaluation criteria set forth by Charity Navigator for certain nonprofit statuses. The organization is not a 501(c)(3) IRS registered nonprofit, which is a requirement for Charity Navigator ratings based on their Accountability & Finance beacon.
Charity Navigator's inability to rate Mount Carmel Health Plan Inc is partly due to the lack of accessible financial data and the nonprofit's classification. As the organization is independent and not classified under the 501(c)(3) status, the usual evaluation metrics like Leadership & Adaptability, Culture & Community, and Impact & Measurement cannot be applied. Consequently, limited information is available regarding financial stability or potential impact efficacy.
There are no user reviews available on GreatNonprofits for Mount Carmel Health Plan Inc. This means there is no user-generated feedback to provide additional insights into the nonprofit's impact or community reputation. Without Charity Navigator ratings or user reviews, public evaluation of the organization mainly relies on available organizational details and formal recognition of its independent but non-charity status.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Carmel Health Plan Inc legitimate?
Mount Carmel Health Plan Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Mount Carmel Health Plan 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: $1,931,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,461,812
For more financial information, click here
Official website here: www.medigold.com
What is the mission statement of Mount Carmel Health Plan Inc?
Mount Carmel Health Plan Inc is a non-profit organization under Mount Carmel and Trinity Health, serving communities in the spirit of the gospel as a compassionate healing presence. Established in 1996, its mission is to provide comprehensive healthcare coverage to seniors through a Medicare Advantage Plan (Medigold), approved by the Centers for Medicare and Medicaid Services (CMS). The plan offers additional benefits beyond traditional Medicare, such as unlimited inpatient hospital days, outpatient surgery, and diagnostic testing services, among others. Mount Carmel Health Plan is recognized for providing excellent value to seniors and consistently receiving high marks for customer satisfaction and service. As an integral part of Mount Carmel Health System, it collaborates with various stakeholders to improve the health of its members by providing exceptional coverage and access to high-quality, cost-effective care.
Official website here: www.medigold.com
Who is the CEO of Mount Carmel Health Plan Inc?
Jack Randolph is the Director; President & Ceo of Mount Carmel Health Plan Inc. The CEO's salary of Mount Carmel Health Plan Inc is $0 and their total compensation is $919,569.
Official website here: www.medigold.com
What is the revenue of Mount Carmel Health Plan Inc?
Mount Carmel Health Plan Inc's revenue in 2022 was $560,054,340.
Official website here: www.medigold.com
Who are the executives of Mount Carmel Health Plan Inc and what are their salaries?
There 4 volunteers at Mount Carmel Health Plan Inc.
Here are 18 key members and their salaries (Mount Carmel Health Plan Inc's CEO's salary is $0 and their total compensation is $919,569):
- Compensation: $0
- Related: $1,277,941
- Other: $288,723
- Compensation: $0
- Related: $737,128
- Other: $182,441
- Compensation: $0
- Related: $510,056
- Other: $43,486
- Compensation: $0
- Related: $405,211
- Other: $54,083
- Compensation: $0
- Related: $412,420
- Other: $31,123
- Compensation: $0
- Related: $405,351
- Other: $27,466
- Compensation: $0
- Related: $339,482
- Other: $52,034
- Compensation: $0
- Related: $345,335
- Other: $15,709
- Compensation: $0
- Related: $293,929
- Other: $41,328
- Compensation: $0
- Related: $300,590
- Other: $15,434
- Compensation: $0
- Related: $243,169
- Other: $52,420
- Compensation: $0
- Related: $262,112
- Other: $15,153
- Compensation: $0
- Related: $192,972
- Other: $41,472
- Compensation: $0
- Related: $184,297
- Other: $34,316
- 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.medigold.com
Where can I find the form 990 for Mount Carmel Health Plan Inc?
Mount Carmel Health Plan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medigold.com
Learn more at the official website: www.medigold.com
Mission Statement of Mount Carmel Health Plan Inc
Mount Carmel Health Plan, a nonprofit organization and wholly owned subsidiary of Mount Carmel and Trinity Health, serves communities with compassion and transformation, grounded in the spirit of the gospel. Established in 1996 to provide comprehensive healthcare coverage to seniors in Central Ohio, the plan expanded its reach to parts of Iowa in 2021. As part of Mount Carmel and Trinity Health, Mount Carmel Health Plan is committed to improving the health of its members in collaboration with various stakeholders.
Mount Carmel Health Plan offers a Medicare Advantage Plan (Medigold) approved by the Centers for Medicare and Medicaid Services (CMS), enabling seniors and other Medicare beneficiaries to choose the organization to administer their Medicare Part A and Part B benefits. The plan also provides pharmaceutical coverage under Medicare Part D. In addition to covering all services as required by the federal Medicare program, Mount Carmel Health Plan offers extra benefits such as unlimited inpatient hospital days covered at 100% with no deductible, outpatient surgery for a small copayment, and prescription drug benefits. The organization has consistently received high marks for customer satisfaction and service in Ohio and is recognized as providing the best value to seniors in the Central Ohio market.
Mount Carmel Health Plan collaborates with employers, individual members, physicians, healthcare providers, and community and governmental agencies to continually improve the health of its members by providing exceptional coverage and access to high-quality and cost-effective care. The organization's mission resonates with its reputation for delivering value, customer satisfaction, and exceptional health services to its members.
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Impact
October, 2024
Mount Carmel Health Plan Inc significantly impacts the health and well-being of seniors in Central Ohio and parts of Iowa by operating a Medicare Advantage plan called Medigold. Established in 1996, the plan offers comprehensive health care coverage tailored to the needs of Medicare beneficiaries. By replacing traditional Medicare coverage with an integrated approach, Medigold provides a wide range of services, including unlimited inpatient hospital days, outpatient surgeries, diagnostic testing, home health care, and extensive prescription drug benefits.
The organization has garnered recognition for delivering "the best value to seniors" in Central Ohio, consistently achieving high marks for customer satisfaction and service quality as reflected in CMS CAHPS surveys. This positive reception demonstrates the plan's commitment to meeting the unique healthcare needs of seniors.
Moreover, Mount Carmel Health Plan emphasizes collaboration with physicians, healthcare providers, employers, and community agencies to enhance the health of its members. Through this collective effort, it strives to ensure access to high-quality and cost-effective care, ultimately transforming the healthcare experience for seniors in the region. Through its mission, Mount Carmel Health Plan embodies a compassionate approach to health care, positioning itself as a vital resource in the community.
This information is meant to be a general summary of Mount Carmel Health Plan 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: $5,985,841
- Program Service Revenue: $551,960,185
- Gross Receipts: $562,351,420
Assets and Liabilities:
- Total Assets: $479,700,585
- Total Liabilities: $115,596,206
- Net Assets: $364,104,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE PAYMENTS
Revenue
$521,020,476
MEMBER PREMIUMS
Revenue
$30,939,709
Organization Details
Founding Year
1996
Phone
(614) 546-4000Principal Officer
Jack Randolph
Main Address
3100 EASTON SQUARE PL 300, COLUMBUS, OH, 432196290
Website
www.medigold.comNTEE Category
Code: E310 - Health
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