Overview
What is New Mexico Health Connections C/O Risk & Regulatory Consulting Llc?
New Mexico Health Connections C/O Risk & Regulatory Consulting Llc was a private, nonprofit organization, established under Internal Revenue Code 501(C)(29), that aimed to provide affordable community health care insurance across New Mexico. Established in February 2011 and incorporated in the state of New Mexico, the company began its operations in October 2013, offering insurance coverage from January 1, 2014. The organization's primary mission was to ensure coordinated healthcare and a strong network of primary-care providers, with a focus on keeping members healthy, reducing premium costs, and delivering appropriate care. Governed by its board of directors, the company received funding and sustainability criteria to establish a Consumer Operated and Oriented Plan (COOP) consistent with the provisions of the Patient Protection and Affordable Care Act. The company's organizational model accommodated regional and population-specific plans for delivering affordable, community-specific healthcare across the state.
Official website here: www.mynmhc.org
Is New Mexico Health Connections C/O Risk & Regulatory Consulting Llc legitimate?
New Mexico Health Connections C/O Risk & Regulatory Consulting Llc is a legitimate nonprofit organization registered as a 501(c)(29) entity. New Mexico Health Connections C/O Risk & Regulatory Consulting Llc 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.mynmhc.org
What is the mission statement of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc?
New Mexico Health Connections, under the guidance of Risk & Regulatory Consulting LLC, is committed to establishing a Consumer Operated and Oriented Plan (COOP) in accordance with the Patient Protection and Affordable Care Act. Their mission involves generating funding, conducting analyses, and establishing sustainability criteria for a COOP health plan. This plan aims to provide affordable, community-specific healthcare, tailored to regional and population needs, across the state. The organizational model they propose is designed to accommodate these regional and population-specific plans.
Official website here: www.mynmhc.org
Who is the CEO of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc?
Jan M Moenck is the Special Deputy Receiver of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc.
Official website here: www.mynmhc.org
What is the revenue of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc?
New Mexico Health Connections C/O Risk & Regulatory Consulting Llc's revenue in 2022 was $2,459,980.
Official website here: www.mynmhc.org
Who are the executives of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $430,675
- Related: $0
- Other: $0
Official website here: www.mynmhc.org
Where can I find the form 990 for New Mexico Health Connections C/O Risk & Regulatory Consulting Llc?
New Mexico Health Connections C/O Risk & Regulatory Consulting Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mynmhc.org
Learn more at the official website: www.mynmhc.org
Mission Statement of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc
New Mexico Health Connections C/O Risk & Regulatory Consulting Llc, with a focus on establishing a Consumer Operated and Oriented Plan (COOP), is committed to aligning its operations with the provisions of the Patient Protection and Affordable Care Act. The organization's mission is two-fold: firstly, to generate the necessary funding, analysis, and sustainability criteria for a COOP health plan. This includes developing an organizational model that can accommodate regional and population-specific plans, ensuring that affordable, community-specific healthcare is delivered across the state. By doing so, New Mexico Health Connections C/O Risk & Regulatory Consulting Llc aims to contribute to a more accessible and equitable healthcare system for the state's residents.
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Impact
October, 2024
New Mexico Health Connections, operating under Risk & Regulatory Consulting LLC, aimed to transform the healthcare landscape in New Mexico by establishing a consumer-operated and oriented health plan in accordance with the Affordable Care Act. The organization was dedicated to providing affordable health insurance options to individuals and small groups throughout the state, emphasizing community-specific needs.
The impact of New Mexico Health Connections was significant, as it sought to improve access to healthcare while ensuring that the quality of care was tailored to the diverse populations of New Mexico. By developing a strong network of primary care providers and offering community-based case management, the organization focused on preventative care, which helped to maintain members' health and reduce unnecessary hospital admissions. This approach not only lowered premium costs for members but also worked towards a coordinated care model that prioritizes the well-being of participants in the health system.
However, following its liquidation ordered by the Second Judicial District Court in March 2021, the future of its initiatives faced uncertainty. During its operational years, New Mexico Health Connections played a crucial role in addressing gaps in the healthcare market, contributing to the economic stability and health of communities by facilitating affordable coverage and tailored health solutions.
This information is meant to be a general summary of New Mexico Health Connections C/O Risk & Regulatory Consulting Llc. 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: $60,319
- Gross Receipts: $6,937,198
Assets and Liabilities:
- Total Assets: $17,415,397
- Total Liabilities: $45,730,449
- Net Assets: -$28,315,052
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Organization Details
Founding Year
2011
Phone
(866) 668-9002Principal Officer
Jan M Moenck
Main Address
20 BATTERSON PARK ROAD 380, FARMINGTON, CT, 06032
Website
www.mynmhc.orgNTEE Category
Code: Y20 - Mutual benefit
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