Overview
What is Virginia Premier Health Plan Inc?
Virginia Premier Health Plan Inc, located in Virginia Beach, VA, operates with a mission to provide healthcare, disease prevention, and health promotion for individuals and families in the community. With a team of three dedicated professionals, they aim to ensure members receive the highest quality medical services from physicians, hospitals, and other healthcare providers. Their goal is to improve the health status of their membership and uphold strong provider relationships. Values and principles that guide their work include serving the Virginia Medicaid and Medicare eligible population, meeting the healthcare needs of members, empowering members through education and member-focused services, and effectively integrating managed care administration and healthcare services. They adhere to ethical standards and demonstrate integrity and quality in all business practices.
Official website here: www.vapremier.com
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates that Virginia Premier Health Plan Inc has a solid performance in terms of accountability and finance, earning a Three-Star out of Four Star rating. This score reflects a strong commitment to transparency and responsible financial management, evidenced by high ratings in areas such as financial statements oversight and a favorable liabilities to assets ratio.
The organization demonstrates a robust program expense ratio of 98.30%, suggesting that it allocates the vast majority of its funds directly to its programs and services. Additionally, the presence of a conflict of interest policy, whistleblower policy, and detailed board meeting documentation further emphasizes its commitment to ethical governance.
However, the organization has some room for improvement, particularly in increasing the percentage of independent board members, which currently stands at only 37%. This could enhance governance and decision-making by ensuring diverse perspectives and reducing potential conflicts of interest. Overall, Virginia Premier Health Plan Inc shows promising accountability and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Premier Health Plan Inc legitimate?
Virginia Premier Health Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Premier Health Plan 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: $756,922
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vapremier.com
What is the mission statement of Virginia Premier Health Plan Inc?
Virginia Premier Health Plan Inc is dedicated to ensuring their members receive the highest quality medical services. Through operational excellence, their team focuses on member-centered care, promoting strong provider relationships, and shifting more financial resources towards healthcare services. Their mission is to improve the health status of their membership. Key values and principles include serving and supporting the healthcare needs of their members, empowering members through education and member-focused services, fostering strong doctor-patient relationships, effectively integrating managed care administration and healthcare services, and upholding ethical standards and demonstrating integrity and quality in all business practices.
Official website here: www.vapremier.com
Who is the CEO of Virginia Premier Health Plan Inc?
Dennis A Matheis is the Director/President of Virginia Premier Health Plan Inc.
Official website here: www.vapremier.com
What is the revenue of Virginia Premier Health Plan Inc?
Virginia Premier Health Plan Inc's revenue in 2022 was $2,781,171,218.
Official website here: www.vapremier.com
Who are the executives of Virginia Premier Health Plan Inc and what are their salaries?
The average compensation at Virginia Premier Health Plan Inc during 2022 was $252,307. There are 3 employees and 5 volunteers at Virginia Premier Health Plan Inc.
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $2,401,429
- Other: -$86,268
- Compensation: $693,876
- Related: $1,641,049
- Other: $269,863
- Compensation: $0
- Related: $1,767,412
- Other: $171,124
- Compensation: $0
- Related: $768,397
- Other: $129,034
- Compensation: $0
- Related: $898,957
- Other: $138,525
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $342,380
- Other: -$147,687
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $470,744
- Other: $45,981
- Compensation: $0
- Related: $265,436
- Other: $40,669
- Compensation: $0
- Related: $1,438,011
- Other: -$357,900
- Compensation: $0
- Related: $1,103,191
- Other: -$16,296
- Compensation: $0
- Related: $373,709
- Other: $48,712
- Compensation: $0
- Related: $301,959
- Other: $46,081
- Compensation: $0
- Related: $237,479
- Other: $36,204
- Compensation: $0
- Related: $302,150
- Other: $58,078
- Compensation: $0
- Related: $251,095
- Other: $15,935
- Compensation: $0
- Related: $286,492
- Other: $28,221
- Compensation: $0
- Related: $417,325
- Other: $20,666
Official website here: www.vapremier.com
Where can I find the form 990 for Virginia Premier Health Plan Inc?
Virginia Premier Health Plan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vapremier.com
Learn more at the official website: www.vapremier.com
Mission Statement of Virginia Premier Health Plan Inc
Virginia Premier Health Plan Inc, with a commitment to excellence, strives to ensure its members receive the highest quality medical services. The dedicated team at this health plan promotes member-focused services by fostering strong relationships with healthcare providers. Through operational excellence, they aim to shift more financial resources towards healthcare services, ultimately improving the health status of their membership.
Guided by values and principles, Virginia Premier Health Plan puts forth efforts to serve and support the Virginia Medicaid and Medicare eligible population. They are dedicated to meeting the healthcare needs of their members, empowering them through education and member-focused services. Strong doctor-patient relationships are fostered by Virginia Premier Health Plan through their commitment to fostering strong provider relationships. Effective integration of managed care administration and healthcare services is a priority, while they abide by all ethical standards and demonstrate integrity and quality in all business practices.
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Impact
October, 2024
Virginia Premier Health Plan Inc. significantly enhances the health and well-being of its members through comprehensive healthcare services. By maintaining strong partnerships with local healthcare providers, the organization ensures access to quality medical care, disease prevention, and health promotion for individuals and families within the community.
The primary focus of Virginia Premier is to improve the health status of its members by facilitating high-quality services through a dedicated team committed to operational excellence. This commitment translates into member-focused services and strong provider relationships, which are essential for fostering effective care.
Moreover, Virginia Premier empowers its members through education, enabling them to make informed healthcare decisions. By addressing the unique needs of Virginia’s Medicaid and Medicare eligible populations, the organization plays a crucial role in supporting access to essential health services.
Through a combination of ethical practices and a commitment to quality, Virginia Premier Health Plan Inc. effectively integrates managed care administration with healthcare services, ensuring that resources are channeled towards improving the overall health of its members.
This information is meant to be a general summary of Virginia Premier Health Plan 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: -$3,739,317
- Program Service Revenue: $2,784,910,535
- Gross Receipts: $3,427,990,122
Assets and Liabilities:
- Total Assets: $642,649,249
- Total Liabilities: $306,901,642
- Net Assets: $335,747,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIBER PREMIUMS
Revenue
$2,784,910,535
Organization Details
Founding Year
2010
Phone
(757) 455-7020Principal Officer
Dennis A Matheis
Main Address
1300 SENTARA PARK, VIRGINIA BEACH, VA, 23464
Website
www.vapremier.comNTEE Category
Code: E80 - Health
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