Overview
What is Virginia Center For Health Innovation?
The Virginia Center for Health Innovation (VCHI) is a nonprofit organization situated in Midlothian, Virginia. With a mission to foster innovation, VCHI convenes essential stakeholders and procures necessary resources to accelerate value-driven models of wellness and healthcare across Virginia. Funded by Arnold Ventures, they employ a two-part strategy to reduce nine sources of provider-driven low-value care. By prioritizing a subsequent set of consumer-driven measures and evaluating outcomes, VCHI aims to optimize healthcare services in the state. With a team of four individuals, they strive to enhance healthcare efficiency and effectiveness in Virginia.
Official website here: www.vahealthinnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Virginia Center for Health Innovation has achieved an impressive 96% rating, reflecting its strong performance in accountability and finance. This high score is indicative of the organization's commitment to transparency and effective management of resources. The evaluation, based entirely on accountability metrics, highlights that the center has a full score in several key areas, including independent board governance and financial oversight.
The organization benefits from a completely independent board, which enhances its credibility and decision-making processes. Their financial health is demonstrated by a low liabilities-to-assets ratio of 27.12% and a program expense ratio of 81.96%, meaning the majority of their expenditures are directed toward their mission-driven programs. Additionally, they have established robust policies regarding conflicts of interest and whistleblower protections, reinforcing their dedication to ethical operations.
While the center exhibits strong financial health and governance practices, the review does not mention any specific program outcomes or the impact of their initiatives. Thus, while the organization is well-rated in terms of financial accountability, further insights into program effectiveness could provide a more rounded view of their overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Center For Health Innovation legitimate?
Virginia Center For Health Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Center For Health Innovation 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: $270,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,001
For more financial information, click here
Official website here: www.vahealthinnovation.org
What is the mission statement of Virginia Center For Health Innovation?
The Virginia Center for Health Innovation (VCHI) is committed to promoting innovation in healthcare and wellness. They achieve this by bringing together key stakeholders and securing necessary resources. The goal is to accelerate the adoption of value-driven models of healthcare, improving the overall healthcare landscape across Virginia.
As part of their mission, VCHI has initiated a project called Smarter Care VA, which is funded by Arnold Ventures. This project employs a two-part strategy. Firstly, it aims to reduce nine sources of provider-driven low-value care. Secondly, it prioritizes a new set of consumer-driven measures, with the intention of evaluating the results and continuing to improve healthcare services.
Official website here: www.vahealthinnovation.org
Who is the CEO of Virginia Center For Health Innovation?
Beth A Bortz is the Director of Virginia Center For Health Innovation. The CEO's salary of Virginia Center For Health Innovation is $247,354 and their total compensation is $270,489.
Official website here: www.vahealthinnovation.org
What is the revenue of Virginia Center For Health Innovation?
Virginia Center For Health Innovation's revenue in 2022 was $1,055,072.
Official website here: www.vahealthinnovation.org
Who are the executives of Virginia Center For Health Innovation and what are their salaries?
The average compensation at Virginia Center For Health Innovation during 2022 was $99,122. There are 4 employees and 17 volunteers at Virginia Center For Health Innovation.
Here are 18 key members and their salaries (Virginia Center For Health Innovation's CEO's salary is $247,354 and their total compensation is $270,489):
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- Compensation: $247,354
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Official website here: www.vahealthinnovation.org
Where can I find the form 990 for Virginia Center For Health Innovation?
Virginia Center For Health Innovation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vahealthinnovation.org
Learn more at the official website: www.vahealthinnovation.org
Mission Statement of Virginia Center For Health Innovation
The Virginia Center for Health Innovation (VCHI) is committed to promoting innovation in the healthcare sector. Their mission is to bring together key stakeholders and secure the necessary resources to accelerate value-driven models of wellness and healthcare throughout Virginia. By doing so, VCHI aims to facilitate a shift towards more efficient and effective healthcare practices that prioritize patient needs.
In line with this mission, VCHI has launched an initiative called Smarter Care VA, which is funded by Arnold Ventures. This initiative employs a two-part strategy. Firstly, it aims to reduce nine sources of provider-driven low-value care. Secondly, it prioritizes a new set of consumer-driven measures to evaluate the results. By focusing on these areas, VCHI seeks to improve the overall quality and efficiency of healthcare services in Virginia.
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Impact
July, 2024
The Virginia Center for Health Innovation has a significant impact on advancing value-driven models of wellness and healthcare throughout Virginia. One of its key initiatives, SMARTER CARE VA, funded by Arnold Ventures, focuses on reducing nine sources of low-value care driven by providers. By prioritizing consumer-driven measures and evaluating results, VCHI is actively working towards improving the quality and efficiency of healthcare delivery in the state. Through convening key stakeholders and securing necessary resources, VCHI plays a crucial role in fostering innovation and driving positive change in the healthcare landscape of Virginia.
This information is meant to be a general summary of Virginia Center For Health Innovation. 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: $10,990
- Program Service Revenue: $379,690
- Gross Receipts: $1,055,072
Assets and Liabilities:
- Total Assets: $1,430,829
- Total Liabilities: $284,858
- Net Assets: $1,145,971
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DMAS CONTRACT REVENUE
Revenue
$250,943
VDH CONTRACT REVENUE
Revenue
$128,747
Organization Details
Founding Year
2012
Phone
(804) 237-1461Principal Officer
Beth A Bortz
Main Address
PO BOX 1248, MIDLOTHIAN, VA, 23113
Website
www.vahealthinnovation.orgNTEE Category
Code: E05 - Health
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