Overview
What is Methodist Patient Centered Aco?
Methodist Patient Centered Aco, abbreviated as MPCACO, is a Texas-based nonprofit organization with a primary focus on improving and saving lives through managed care. Formed to participate in the Medicare Shared Savings Program (MSSP), this ACO operates under the umbrella of Methodist Hospitals of Dallas, the sole member. MPCACO's mission is to provide quality, cost-effective medical and health services, ensuring accountability for patient care, including Medicare beneficiaries. The organization operates in line with MSSP regulations, with at least 75% of its board members being ACO participants or their representatives. During the 2021 reporting period, MPCACO achieved Medicare savings of $5,882,977 and successfully transitioned from the basic track to the enhanced track in 2019. A portion of these savings was distributed to participating physicians and hospitals, while some funds were utilized to cover administrative costs.
Official website here: www.methodisthealthsystem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Methodist Patient Centered ACO has received a two-star rating from Charity Navigator, indicating that the organization has significant areas needing improvement. With an overall score of 73%, the organization demonstrates strengths in program expense allocation, as evidenced by a high program expense ratio of 93.4%. This suggests that a large portion of its funding is directed towards its mission-focused activities rather than administrative costs.
However, there are notable weaknesses in governance and financial health. The organization has only 28% of its board members as independent, which is concerning for accountability. Additionally, the liabilities to assets ratio is at 100%, signaling potential financial instability. While the organization practices transparency with several policies in place, the lack of a posted tax form on its website is a significant oversight that detracts from its overall rating.
In conclusion, while Methodist Patient Centered ACO shows promise in its programmatic focus, it must enhance its governance structure and address financial concerns to improve its standing in the nonprofit sector. Addressing these issues could lead to a stronger overall rating and greater public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Patient Centered Aco legitimate?
Methodist Patient Centered Aco is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Patient Centered Aco 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: $6,435
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.methodisthealthsystem.org
What is the mission statement of Methodist Patient Centered Aco?
Methodist Patient Centered Aco aims to enhance and preserve lives through comprehensive, coordinated healthcare services. As part of the Medicare Shared Savings Program, it serves as a platform for advancing clinical integration and quality initiatives within Methodist Health System. The organization's primary objective is to manage, coordinate, and ensure accountability for patient care, including Medicare beneficiaries. By operating as a network, Methodist Patient Centered Aco provides efficient, high-quality, and cost-effective medical and health services, promoting overall patient well-being.
Official website here: www.methodisthealthsystem.org
What is the revenue of Methodist Patient Centered Aco?
Methodist Patient Centered Aco's revenue in 2023 was $5,283,244.
Official website here: www.methodisthealthsystem.org
Who are the executives of Methodist Patient Centered Aco and what are their salaries?
There 17 volunteers at Methodist Patient Centered Aco.
Here are 17 key members and their salaries:
- Compensation: $0
- Related: $508,383
- Other: $75,388
- Compensation: $0
- Related: $481,536
- Other: $43,805
- Compensation: $17,093
- Related: $0
- Other: $0
- Compensation: $0
- Related: $283,198
- Other: $47,212
- Compensation: $0
- Related: $3,246,894
- Other: $81,120
- Compensation: $0
- Related: $166,265
- Other: $29,334
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $926,975
- Other: $82,049
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $7,297
- Other: $0
- Compensation: $0
- Related: $471,983
- Other: $49,062
- Compensation: $0
- Related: $274,038
- Other: $38,073
- Compensation: $0
- Related: $269,164
- Other: $8,883
- Compensation: $0
- Related: $22,000
- Other: $0
- Compensation: $0
- Related: $1,331,514
- Other: $131,276
- Compensation: $0
- Related: $673,201
- Other: $45,045
- Compensation: $0
- Related: $216,254
- Other: $6,232
Official website here: www.methodisthealthsystem.org
Where can I find the form 990 for Methodist Patient Centered Aco?
Methodist Patient Centered Aco's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.methodisthealthsystem.org
Learn more at the official website: www.methodisthealthsystem.org
Mission Statement of Methodist Patient Centered Aco
Methodist Patient Centered Aco is dedicated to enhancing and preserving lives through coordinated and effective medical care. Its primary mission is threefold. Firstly, it aims to participate in the Medicare Shared Savings Program, as outlined in Section 1899 of the Social Security Act, and adhering to the relevant regulations. This participation serves as a platform for advancing Methodist Health System's clinical integration and quality initiatives.
Secondly, Methodist Patient Centered Aco functions as a vehicle to manage, coordinate, and promote accountability for the quality, patient safety, cost, and overall care of patients, including Medicare beneficiaries. This involves overseeing the medical and health services provided to ensure they are coordinated, cost-effective, and of high quality.
Lastly, Methodist Patient Centered Aco operates as a network, providing coordinated and quality medical and health services. This network aspect of the organization's mission is crucial in promoting accountability for the overall care of patients, ensuring that they receive comprehensive and efficient medical services. In summary, Methodist Patient Centered Aco's mission is to improve and save lives through managed and coordinated care, participating in the Medicare Shared Savings Program, and serving as a vehicle for clinical integration, quality initiatives, and network-based patient care.
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Impact
October, 2024
Methodist Patient Centered ACO (MPCACO) significantly impacts healthcare delivery in North Texas by enhancing the quality and cost-effectiveness of medical services through coordinated care. Since its participation in the Medicare Shared Savings Program (MSSP) beginning July 1, 2012, MPCACO has focused on improving patient outcomes while reducing overall healthcare costs.
By effectively managing healthcare delivery, MPCACO has achieved notable financial savings. In 2021, it reported Medicare savings of approximately $5.88 million, illustrating its capacity to optimize resource use while fostering higher quality care. The ACO's transition to the Enhanced Track in 2019 reflects its commitment to advancing clinical integration and improving quality initiatives across the Methodist Health System.
MPCACO emphasizes accountability and quality safety measures by reporting on required quality metrics. Its operational structure ensures that a significant portion of savings is reallocated to physicians and hospitals within the system, incentivizing participation in performance improvement initiatives and further engaging healthcare professionals in the process of delivering value-based care.
Overall, through its systematic approach to coordinating care, MPCACO plays a pivotal role in reshaping healthcare delivery by reducing costs, improving patient safety, and enhancing the overall quality of care for the Medicare population it serves.
This information is meant to be a general summary of Methodist Patient Centered Aco. 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 2023.
- Investment Income: $79,202
- Program Service Revenue: $5,204,042
- Gross Receipts: $5,283,244
Assets and Liabilities:
- Total Assets: $8,133,362
- Total Liabilities: $8,133,362
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE SHARED SAVINGS INCOME
Revenue
$4,902,948
Care Coordination Services
Revenue
$167,535
Humana Value
Revenue
$133,559
Organization Details
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