Overview
What is Franciscan Aco Inc?
Franciscan Aco Inc, based in Indianapolis, Indiana, is a dedicated nonprofit organization committed to enhancing the healthcare experience for their beneficiaries. They provide coordinated, comprehensive care across hospitals, physician practices, and other healthcare providers, aiming to reduce overall medical costs. Their network includes partnerships with 14 tax-exempt hospitals, a multi-specialty group of primary and specialty-care providers, several employed healthcare groups, and additional healthcare partners. Through these collaborative efforts, Franciscan Aco Inc serves Medicare and other patients across Indiana and Illinois. The organization has been innovating care models since 2011, participating in the Medicare Shared Savings Program and expanding to accountable care organization partnerships with Medicare Advantage and commercially insured patient populations. Beneficiaries receive the added benefit of coordinated care services, including preventive health services and support for individuals with chronic health conditions.
Official website here: www.franciscanhealth.org/about-us/aco
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Franciscan Aco Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score in all assessed categories, the organization demonstrates robust governance practices and transparency, which are essential for trust among donors and stakeholders. The independent board structure, consisting of 90% independent members, further enhances its credibility.
The organization showcases excellent financial management, as evidenced by a perfect program expense ratio of 100%. This indicates that all of its expenditures are directed towards its charitable programs, maximizing the impact of donor contributions. Moreover, the absence of any material diversion of assets underscores the integrity of its financial practices.
Despite the strong performance, ongoing evaluation and adherence to best practices in nonprofit governance will be crucial for maintaining this high level of trust and effectiveness. Overall, Franciscan Aco Inc stands out as a well-managed nonprofit focused on its mission and committed to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Franciscan Aco Inc legitimate?
Franciscan Aco Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franciscan Aco 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.franciscanhealth.org/about-us/aco
What is the mission statement of Franciscan Aco Inc?
Franciscan Aco Inc is committed to delivering coordinated, comprehensive healthcare to patients across various hospitals, physician practices, and other healthcare providers. Established in 2011, the organization has developed innovative care models, including participation in the Medicare Shared Savings Program (MSSP). Franciscan Aco Inc has expanded its reach by forming accountable care organization partnerships with Medicare Advantage and commercially insured patient populations. The organization enhances the healthcare experience for attributed patients, or beneficiaries, by coordinating preventive health services and care support for individuals with chronic health conditions. These services are provided through the ACO. Remarkably, beneficiaries retain the flexibility to see any doctor or healthcare provider while enjoying the benefits of a more coordinated care experience.
Official website here: www.franciscanhealth.org/about-us/aco
Who is the CEO of Franciscan Aco Inc?
Kevin D Leahy is the President And Director of Franciscan Aco Inc.
Official website here: www.franciscanhealth.org/about-us/aco
What is the revenue of Franciscan Aco Inc?
Franciscan Aco Inc's revenue in 2022 was $55,973,643.
Official website here: www.franciscanhealth.org/about-us/aco
Who are the executives of Franciscan Aco Inc and what are their salaries?
There 9 volunteers at Franciscan Aco Inc.
Here are 11 key members and their salaries:
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Official website here: www.franciscanhealth.org/about-us/aco
Where can I find the form 990 for Franciscan Aco Inc?
Franciscan Aco Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franciscanhealth.org/about-us/aco
Learn more at the official website: www.franciscanhealth.org/about-us/aco
Mission Statement of Franciscan Aco Inc
Franciscan Aco Inc, a pioneering healthcare organization, is dedicated to delivering coordinated and comprehensive care across hospitals, physician practices, and various healthcare providers. Established in 2011, the company has been instrumental in developing innovative care models. Currently, Franciscan Aco Inc participates in the Medicare Shared Savings Program (MSSP) and has expanded its reach to include partnerships with Medicare Advantage and commercially insured patient populations.
Through these programs, the organization offers attributed patients, or beneficiaries, the added benefit of a more coordinated care experience. This involves the coordination of preventive health services and care coordination support for individuals with chronic health conditions, such as diabetes and congestive heart failure. Care coordination services are facilitated through the ACO, ensuring seamless communication and collaboration among healthcare providers. Remarkably, beneficiaries maintain the freedom to see any doctor or healthcare provider they choose.
Franciscan Aco Inc's mission goes beyond just providing healthcare services. By participating in various programs, the organization enhances the overall healthcare experience for patients under its care. This commitment to quality care and collaboration among healthcare providers sets Franciscan Aco Inc apart in the healthcare industry.
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Impact
October, 2024
Franciscan Aco Inc significantly enhances the quality of healthcare for patients in Indiana and Illinois. By providing coordinated, comprehensive clinical care across a network of hospitals, physician practices, and other healthcare providers, it aims to improve patient outcomes while reducing medical costs. This organization collaborates with a range of partners, including 14 tax-exempt hospitals and multiple specialty physician groups, to ensure that beneficiaries receive thorough and seamless care.
Since its inception, Franciscan Aco Inc has developed innovative care models and is actively engaged in the Medicare Shared Savings Program (MSSP). This program, along with partnerships with Medicare Advantage and other health plans, ensures that patients benefit from a more integrated healthcare experience. Special attention is given to preventive health services and chronic disease management for conditions such as diabetes and heart failure, enabling patients to navigate their medical needs more effectively.
Beneficiaries of Franciscan Aco Inc enjoy the flexibility to consult with any doctor or healthcare provider while receiving additional support in managing their health. This commitment to high-quality care not only enhances the patient experience but also contributes to better health outcomes across diverse patient populations.
This information is meant to be a general summary of Franciscan Aco 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.
- Program Service Revenue: $40,955,680
- Gross Receipts: $55,973,643
Assets and Liabilities:
- Total Assets: $19,218,258
- Total Liabilities: $7,787,765
- Net Assets: $11,430,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PACE PREMIUMS
Revenue
$26,712,139
CARE MANAGEMENT REVENUE
Revenue
$3,833,023
SHARED SAVINGS REVENUE
Revenue
$10,410,518
Organization Details
Founding Year
1993
Phone
(317) 782-6875Principal Officer
Kevin D Leahy
Main Address
700 E SOUTHPORT ROAD, INDIANAPOLIS, IN, 46227
NTEE Category
Code: E02 - Health
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