Overview
What is Osf Genprof Liability?
Osf Genprof Liability is a nonprofit entity established to manage insurance claims under a self-insurance plan for OSF Healthcare System. Based in Pittsburgh, Pennsylvania, this organization ensures the payment of insurance claims within their network. Their primary purpose is to provide financial security and support for the healthcare system in handling claims, ultimately contributing to the overall well-being and effectiveness of OSF Healthcare System.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
Osf Genprof Liability has received a two-star rating from Charity Navigator, indicating room for improvement in its accountability and financial transparency. A key concern is the lack of independent board members, which raises questions about governance and oversight. Furthermore, the organization has not made its financial statements publicly available, which is a significant gap in transparency.
Despite these issues, Osf Genprof Liability demonstrates strong program expenditure, with an impressive program expense ratio of 89.90%. This suggests that the majority of its resources are directed towards its mission rather than administrative costs. The organization also has established policies for conflict of interest, whistleblower protection, and document retention, reflecting some commitment to ethical governance.
However, the absence of a publicly accessible tax form and website information is notable, indicating a need for greater transparency and communication with stakeholders. Overall, while the organization is effective in its programming, it must address its governance and financial disclosure practices to improve its accountability and trust with the public.
This AI summary has been generated from information found on Charity Navigator.
Is Osf Genprof Liability legitimate?
Osf Genprof Liability is a legitimate nonprofit organization registered as a 501(c)(3) entity. Osf Genprof Liability 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: $395,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Osf Genprof Liability?
Osf Genprof Liability is responsible for handling insurance claims under the self-insurance plan of OSF Healthcare System. Their mission is centered around ensuring the payment of valid claims to those in need. By managing this aspect of the healthcare system, they enable the organization to effectively address and resolve insurance-related matters, ultimately contributing to a smooth and efficient healthcare experience for the patients and providers involved.
Who is the CEO of Osf Genprof Liability?
Pnc Bank Na is the Trustee of Osf Genprof Liability.
What is the revenue of Osf Genprof Liability?
Osf Genprof Liability's revenue in 2022 was $37,293,555.
Who are the executives of Osf Genprof Liability and what are their salaries?
There is 1 key member and their salary:
- Compensation: $395,173
- Related: $0
- Other: $0
Where can I find the form 990 for Osf Genprof Liability?
Osf Genprof Liability's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Osf Genprof Liability
Osf Genprof Liability, a crucial component of the OSF Healthcare System, is dedicated to ensuring the payment of insurance claims under a self-insurance plan. This mission is pivotal in enabling the healthcare system to manage and cover various expenses related to insurance claims effectively.
By assuming the responsibility for processing and settling insurance claims, Osf Genprof Liability plays a vital role in maintaining the financial stability of the OSF Healthcare System. Its primary goal is to provide a seamless and efficient claims payment process, allowing the organization to focus on delivering exceptional healthcare services to its patients.
Osf Genprof Liability's commitment to its mission is unwavering. It expertly navigates the complexities of the insurance claims process, ensuring that every claim is evaluated fairly and accurately. By providing timely and reliable payment solutions, the organization fosters positive relationships with its healthcare providers, insurers, and patients. Ultimately, this dedication to claims processing empowers the OSF Healthcare System to continue delivering top-notch care to its community.
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Impact
October, 2024
Osf Genprof Liability plays a crucial role in the financial health and operational stability of the OSF Healthcare System by managing the payment of insurance claims through a self-insurance plan. This arrangement allows the healthcare system to effectively mitigate risks and control costs associated with potential liabilities.
By ensuring that claims are processed efficiently, Osf Genprof Liability enhances the overall service quality within the healthcare system, enabling OSF Healthcare to allocate more resources towards patient care and community services. The self-insurance model also fosters a sense of accountability and encourages proactive risk management practices among the system's facilities and staff.
Ultimately, the impact of Osf Genprof Liability extends beyond financial management; it supports the sustainability and resilience of healthcare operations, ensuring that OSF Healthcare can continue to fulfill its mission of providing quality care to the communities it serves.
This information is meant to be a general summary of Osf Genprof Liability. 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: $4,135,256
- Program Service Revenue: $33,156,400
- Gross Receipts: $122,157,814
Assets and Liabilities:
- Total Assets: $165,577,722
- Total Liabilities: $0
- Net Assets: $165,577,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EMPLOYER INSURANCE CONTRIBUTIONS
Revenue
$33,156,400
Organization Details
Founding Year
2008
Phone
(412) 565-4532Principal Officer
Pnc Bank Na
Main Address
116 ALLEGHENY CENTER MALL P8YB3502L, PITTSBURGH, PA, 15212
NTEE Category
Code: Y20 - Mutual benefit
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