Overview
What is Boston Accountable Care Organization Inc?
Boston Accountable Care Organization Inc, headquartered in Boston, Massachusetts, is a charitable organization with a mission to enhance healthcare for populations served by Boston Medical Center Corporation, Faculty Practice Foundation, Inc. physicians, and Community Health Centers (CHCS). Established to operate more efficiently while improving the overall health of these populations, BACO integrates resources from these entities to deliver high-quality, effective, and less expensive care. By efficiently managing healthcare aspects, BACO aims to provide the best possible care while improving the health of the served population.
What are the reviews and ratings of this charity?
79% - This charity's score is 79%, earning it a Three-Star out of Four Star rating.
Boston Accountable Care Organization Inc has demonstrated strong accountability and financial practices, reflected in its high rating from Charity Navigator. With a focus on financial transparency, the organization has achieved top scores in several areas, such as maintaining a fully independent board and implementing policies for oversight, conflict of interest, and whistleblower protections. Additionally, a remarkable program expense ratio indicates that nearly all resources are directed toward its mission.
However, the organization faced challenges in its liabilities to assets ratio, which received a lower score. This suggests that while Boston Accountable Care Organization Inc is effective in its governance and allocation of funds, it may be grappling with its financial obligations. Overall, the charity is recognized for its solid operational framework but may need to address its financial stability to enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Accountable Care Organization Inc legitimate?
Boston Accountable Care Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Accountable Care Organization 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
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Other Salaries and Wages: $1,016,816
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What is the mission statement of Boston Accountable Care Organization Inc?
Boston Accountable Care Organization Inc, operating under charitable, educational, and scientific purposes, aims to enhance the healthcare of the populations served by Boston Medical Center Corporation, the Faculty Practice Foundation Inc physicians, and Community Health Centers. The organization's mission is to provide the best possible care, and to accomplish this, it utilizes the resources of these entities to better manage healthcare, aiming to improve population health while operating more efficiently. By integrating resources, Boston Accountable Care Organization Inc strives to deliver more effective, higher quality, and less expensive care for its patients.
Who is the CEO of Boston Accountable Care Organization Inc?
Sandra Cotterell is the President/Director of Boston Accountable Care Organization Inc.
What is the revenue of Boston Accountable Care Organization Inc?
Boston Accountable Care Organization Inc's revenue in 2022 was $2,484,776.
Who are the executives of Boston Accountable Care Organization Inc and what are their salaries?
There 21 volunteers at Boston Accountable Care Organization Inc.
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Where can I find the form 990 for Boston Accountable Care Organization Inc?
Boston Accountable Care Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boston Accountable Care Organization Inc
Boston Accountable Care Organization (BACO) is devoted to charitable, educational, and scientific purposes, as outlined by Section 501(C)(3) of the Internal Revenue Code. The organization's mission is to enhance the healthcare of the populations served by Boston Medical Center Corporation (BMC), the Faculty Practice Foundation, Inc. (FPF) physicians, and Community Health Centers (CHCS). To achieve this goal, BACO operates as an Accountable Care Organization (ACO), striving to manage all aspects of healthcare more efficiently to improve population health. By integrating the resources of BMC, FPF, and CHCS, BACO aims to deliver more effective, higher quality, and less expensive care to its patients.
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Impact
July, 2024
Boston Accountable Care Organization Inc's impact can be seen in its efforts to improve healthcare for the populations served by Boston Medical Center Corporation, the Faculty Practice Foundation, Inc. physicians, and community health centers. By better managing all aspects of healthcare through its Accountable Care Organization structure, BACO aims to enhance the health of the population served while operating more efficiently. This integration of resources from BMC, FPF, and CHCs allows BACO to deliver more effective, higher quality, and less expensive care to its patients.
This information is meant to be a general summary of Boston Accountable Care Organization 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: $75,138
- Program Service Revenue: $2,409,638
- Gross Receipts: $2,484,776
Assets and Liabilities:
- Total Assets: $29,651,949
- Total Liabilities: $24,948,587
- Net Assets: $4,703,362
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAPITATION REVENUE
Revenue
$2,409,638
Organization Details
Founding Year
2015
Phone
(617) 638-7901Principal Officer
Sandra Cotterell
Main Address
ONE BOSTON MEDICAL CENTER PLACE, BOSTON, MA, 02118
NTEE Category
Code: E21 - Health
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