Overview
What is Patient Business & Financial Services Inc?
Patient Business & Financial Services Inc is a crucial organization that facilitates billing and collection processes for Halifax Hospital Medical Center, operating under the name Halifax Health (EIN: 59-6001217). By managing financial transactions for the hospital, they ensure the sustainability of healthcare services provided to patients.
What are the reviews and ratings of this charity?
Charity Navigator rating: One-Star out of Four Stars (54%)
Patient Business & Financial Services Inc has received a low score of 54%, indicating concerns regarding its financial accountability and operational transparency. While the organization scores well in governance aspects, such as having a fully independent board and strong policies for conflict of interest and whistleblowing, it significantly falters in financial performance metrics.
One of the major limitations highlighted is the absence of posted financial statements on its website, which hampers public transparency. Additionally, the organization shows a concerning 0% ratio in both liabilities to assets and program expenses, suggesting that it may not be utilizing its resources effectively to deliver on its mission.
Despite its strengths in governance, the overall low score raises questions about the organization's financial health and effectiveness in executing its programs, underscoring the need for improvement in these critical areas to enhance trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Patient Business & Financial Services Inc legitimate?
Patient Business & Financial Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patient Business & Financial Services 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,259,135
For more financial information, click here
What is the mission statement of Patient Business & Financial Services Inc?
Patient Business & Financial Services Inc is responsible for billing and collecting payments for the services offered by Halifax Hospital Medical Center. In essence, they facilitate the financial aspect of healthcare provision by ensuring that all revenues are collected efficiently and accurately. While their primary function is financial in nature, they play a crucial role in ensuring the smooth operation of the healthcare organization. Their mission aligns with the goal of providing exceptional healthcare services by taking care of the financial side of things. Their role is essential in enabling the healthcare provider to focus on delivering quality care to patients.
Who is the CEO of Patient Business & Financial Services Inc?
Jeff Feasel is the Chief Exec. of Patient Business & Financial Services Inc.
What is the revenue of Patient Business & Financial Services Inc?
Patient Business & Financial Services Inc's revenue in 2022 was $25,780,212.
Who are the executives of Patient Business & Financial Services Inc and what are their salaries?
The average compensation at Patient Business & Financial Services Inc during 2022 was $36,283. There are 393 employees at Patient Business & Financial Services Inc.
Here are 14 key members and their salaries:
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- Related: $639,380
- Other: $33,929
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- Other: $37,522
- Compensation: $241,212
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- Compensation: $146,438
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- Compensation: $132,091
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- Compensation: $128,450
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- Compensation: $121,300
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- Other: $0
Where can I find the form 990 for Patient Business & Financial Services Inc?
Patient Business & Financial Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Patient Business & Financial Services Inc
Patient Business & Financial Services Inc, a key entity in the healthcare sector, is dedicated to billing and collecting payments for the services rendered by Halifax Hospital Medical Center, also known as Halifax Health. The organization plays a crucial role in facilitating the financial transactions between patients and the medical center.
In essence, Patient Business & Financial Services Inc acts as a financial intermediary, ensuring that Halifax Health is compensated for the valuable services it provides. With a clear and focused mission, the organization streamlines the billing and collection process, allowing the medical center to focus on delivering high-quality healthcare services to its patients. The nonprofit organization's commitment to excellence enables a smooth financial interaction between patients and the medical facility.
By efficiently managing the billing and collection process, Patient Business & Financial Services Inc allows Halifax Health to maintain financial stability and continue providing essential medical services to the community. The organization's dedication to its mission is a vital component in the overall success and sustainability of the medical center.
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Impact
October, 2024
Patient Business & Financial Services Inc plays a crucial role in the healthcare ecosystem by effectively managing the billing and collections for all services rendered by Halifax Hospital Medical Center, also known as Halifax Health. By streamlining the financial processes for medical services, the organization ensures that the hospital can focus on providing quality patient care without the distraction of financial operations.
The impact of Patient Business & Financial Services Inc extends to enhancing the patient experience by facilitating straightforward and efficient billing practices. This organization helps patients navigate their healthcare costs, which can often be complex and overwhelming. Through their dedicated services, they contribute to the financial stability of Halifax Health, enabling the hospital to reinvest in improvements and innovations in patient care.
Based in Daytona Beach, FL, the organization serves the local community by providing essential financial services that support healthcare accessibility. In essence, Patient Business & Financial Services Inc not only supports the operational needs of Halifax Health but also prioritizes patient satisfaction and engagement in the financial aspects of their healthcare journey.
This information is meant to be a general summary of Patient Business & Financial Services 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.
- Program Service Revenue: $25,780,212
- Gross Receipts: $25,780,212
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENTS FROM HALIFAX
Revenue
$25,780,212
Organization Details
Founding Year
1987
Principal Officer
Jeff Feasel
Main Address
303 N CLYDE MORRIS BLVD, DAYTONA BEACH, FL, 32114
NTEE Category
Code: E60 - Health
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