Overview
What is Childrens Hospital Medical Practice Corp?
Children's Hospital Medical Practice Corp (CHMPC) is a non-profit subsidiary corporation of Children's Hospital, established in 1996 to address the healthcare needs of medically underserved areas in New Orleans. Through acquiring medical practices and developing new ones, CHMPC aims to improve access to pediatric healthcare services for individuals from all economic backgrounds. With a team of quality physicians and clinicians, CHMPC practices medicine in support of Children's Hospital's patient care mission. The organization has an integrated and geographically diverse pediatric healthcare delivery system, ensuring cost-effective and comprehensive care to the community it serves. Strong utilization review practices and quality assurance practices ensure the delivery of high-quality pediatric care. CHMPC employs over 210 individuals and has clinics located throughout the city, offering convenient access to public transportation. They serve a diverse community with various clinics, collaborating with universities and healthcare networks to provide training opportunities for future healthcare professionals. CHMPC's commitment to the community is demonstrated through numerous community activities, educational forums, and information dissemination, especially in underserved African American communities.
Official website here: www.chmpc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Children's Hospital Medical Practice Corp received a two-star rating from Charity Navigator, indicating significant areas for improvement despite a high accountability and finance score of 100%. The organization demonstrates strong financial oversight with effective policies in place, including conflict of interest and whistleblower protections. However, the lack of independent board members raises concerns about governance and potential conflicts, which could affect the organization's decision-making and transparency.
While the program expense ratio is commendable at 96.72%, suggesting that the majority of funds are directed towards programs rather than administrative costs, the liabilities to assets ratio is alarmingly high at 987.69%. This indicates potential financial instability, which could pose risks to the organization’s long-term sustainability and ability to fulfill its mission effectively.
Additionally, the absence of the tax form on the nonprofit’s website limits transparency for stakeholders seeking to understand the organization's financial health. The high salaries of key personnel may also raise questions about resource allocation and prioritization within the organization. Overall, while Children's Hospital Medical Practice Corp shows strong financial accountability, significant governance issues and financial ratios warrant careful consideration by potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Childrens Hospital Medical Practice Corp legitimate?
Childrens Hospital Medical Practice Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Childrens Hospital Medical Practice Corp 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: $12,689,871
For more financial information, click here
Official website here: www.chmpc.org
What is the mission statement of Childrens Hospital Medical Practice Corp?
Children's Hospital Medical Practice Corp, a non-profit subsidiary organization of Children's Hospital, was established to address the healthcare needs of medically underserved areas by providing convenient access to quality and cost-effective pediatric primary care. The corporation's objectives include acquiring medical practices, employing quality healthcare professionals, practicing medicine in support of Children's Hospital's patient care mission, and developing an integrated and diverse pediatric healthcare delivery system. The provision of comprehensive pediatric care to the community is crucial, and the corporation ensures quality delivery through strong utilization and quality assurance practices.
Official website here: www.chmpc.org
Who is the CEO of Childrens Hospital Medical Practice Corp?
Gregory C Feirn is the Principal Officer of Childrens Hospital Medical Practice Corp.
Official website here: www.chmpc.org
What is the revenue of Childrens Hospital Medical Practice Corp?
Childrens Hospital Medical Practice Corp's revenue in 2021 was $14,130,142.
Official website here: www.chmpc.org
Who are the executives of Childrens Hospital Medical Practice Corp and what are their salaries?
The average compensation at Childrens Hospital Medical Practice Corp during 2021 was $60,428. There are 210 employees at Childrens Hospital Medical Practice Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $1,242,966
- Other: $127,677
- Compensation: $0
- Related: $120,000
- Other: $0
- Compensation: $0
- Related: $887,547
- Other: $384,184
- Compensation: $0
- Related: $373,900
- Other: $29,076
- Compensation: $0
- Related: $1,271,000
- Other: $423,975
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $298,276
- Other: $19,003
Official website here: www.chmpc.org
Where can I find the form 990 for Childrens Hospital Medical Practice Corp?
Childrens Hospital Medical Practice Corp's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.chmpc.org
Learn more at the official website: www.chmpc.org
Mission Statement of Childrens Hospital Medical Practice Corp
Children's Hospital Medical Practice Corp (CHMPC) is a non-profit organization initiated with a mission to provide quality, cost-effective pediatric primary care to under-served geographic areas. Established in 1996, this subsidiary corporation of Children's Hospital focuses on acquiring medical practices, employing quality physicians and clinicians, and practicing medicine in conjunction with the patient care mission of Children's Hospital. CHMPC aims to develop an integrated and geographically diverse pediatric healthcare delivery system, ensuring quality pediatric care through strong utilization review and quality assurance practices.
CHMPC's purpose is multifaceted. It includes improving access to children's health services for all economic statuses, employing skilled medical professionals, and providing comprehensive pediatric care to the communities served by Children's Hospital and its affiliates. CHMPC is dedicated to cost-effective care and strong quality assurance, serving as an essential part of the comprehensive healthcare network for children. Since its inception, CHMPC has been a tax-exempt organization under Louisiana and federal laws.
CHMPC's clinical locations include Kids First Clinics, Napoleon Pediatrics, Northlake Pediatrics, Lakeside Children's Clinic, Klein Lawrence Pediatrics, Ormond Pediatric Group, Metairie Pediatrics, Children's Pediatrics Westbank, a Virtual Care Clinic, Children's Pediatrics Carousel, Children's Pediatrics Slidell, Children's Pediatrics Tulane, and Children's Pediatrics Audubon. These clinics offer pediatric care to the entire community, ensuring access to quality healthcare for all.
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Impact
October, 2024
Childrens Hospital Medical Practice Corporation (CHMPC) significantly enhances pediatric health care access in medically underserved areas, focusing on quality and cost-effective primary care services. By acquiring and developing medical practices in these regions, CHMPC improves healthcare accessibility for children across various economic backgrounds.
The organization employs skilled clinicians and integrates clinical services with the broader patient care mission of Children's Hospital. This commitment fosters a cohesive pediatric healthcare delivery system that prioritizes quality assurance and strong utilization review practices, ensuring comprehensive care.
Through initiatives like the Kids First Clinic and collaboration with local universities, CHMPC addresses the health needs of diverse communities, including significant efforts in educating families on pediatric health issues. Their clinics, strategically located throughout New Orleans and beyond, serve as vital resources for children, with a notable percentage of their patient visits covered by Medicaid, emphasizing their role in supporting vulnerable populations.
In summary, CHMPC's proactive strategies and community engagement not only fulfill immediate healthcare needs but also contribute to the long-term health and well-being of children in underserved regions, thereby generating a positive impact on overall community health.
This information is meant to be a general summary of Childrens Hospital Medical Practice Corp. 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 2021.
- Investment Income: -$3,828
- Program Service Revenue: $14,133,910
- Gross Receipts: $14,133,970
Assets and Liabilities:
- Total Assets: $7,563,902
- Total Liabilities: $63,542,781
- Net Assets: -$55,978,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHYSICIAN CLINICAL SERVICES
Revenue
$14,133,910
Organization Details
Founding Year
1996
Phone
(504) 896-3035Principal Officer
Gregory C Feirn
Main Address
298 HENRY CLAY AVENUE, NEW ORLEANS, LA, 701185720
Website
www.chmpc.orgNTEE Category
Code: E30Z - Health
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