Overview
What is Carequality Inc?
Carequality Inc, located in Vienna, Virginia, is a nonprofit organization that plays a significant role in promoting health information sharing. It provides operational and programmatic support for the Carequality Interoperability Framework, which enables seamless electronic health data exchange among various health data networks. By lessening the burden on the federal government, Carequality creates a consensus-based legal and policy framework, including common trust agreements, implementation guides, and technical specifications. This framework is developed through a multi-stakeholder process, allowing different eHealth IT vendors, platforms, and other entities to achieve interoperability, thereby enhancing the secure exchange of electronic health information.
Official website here: www.carequality.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Carequality Inc has achieved an impressive Four-Star rating from Charity Navigator, indicative of its strong performance in accountability and finance. The organization's overall score reflects excellent governance practices, as evidenced by its commitment to maintaining a majority independent board and a comprehensive set of policies that ensure transparency and ethical conduct.
The nonprofit showcases a solid financial health profile, with a program expense ratio of over 70%, demonstrating that a significant portion of its resources is directed towards its programs and services. Additionally, the lack of any material diversion of assets and a favorable liabilities to assets ratio further underscores its operational stability and reliability in managing funds.
While Carequality Inc has received high marks for its accountability and financial practices, ongoing monitoring of its program outcomes and impact will be essential to maintain its positive reputation and effectiveness in fulfilling its mission. Overall, the organization's strong governance and financial practices bode well for its future endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Carequality Inc legitimate?
Carequality Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carequality 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: $0
For more financial information, click here
Official website here: www.carequality.org
What is the mission statement of Carequality Inc?
Carequality Inc's mission is to alleviate the pressure on the federal government by establishing a framework that facilitates the secure and safe exchange of electronic health information between various electronic health systems. This organization supports a robust legal and policy structure, including a common trust agreement, implementation guides, and technical specifications. This framework, developed through a multi-stakeholder process led by Carequality, is consensus-based and enables different eHealth IT vendors, platforms, and other entities to attain interoperability.
Official website here: www.carequality.org
Who is the CEO of Carequality Inc?
Alan Swenson is the Board Member/Ceo Sequoia of Carequality Inc. The CEO's salary of Carequality Inc is $0 and their total compensation is $536,596.
Official website here: www.carequality.org
What is the revenue of Carequality Inc?
Carequality Inc's revenue in 2022 was $2,640,602.
Official website here: www.carequality.org
Who are the executives of Carequality Inc and what are their salaries?
Here are 11 key members and their salaries (Carequality Inc's CEO's salary is $0 and their total compensation is $536,596):
- Compensation: $0
- Related: $483,695
- Other: $52,901
- 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: $0
- Other: $0
- Compensation: $0
- Related: $250,822
- Other: $34,489
- Compensation: $0
- Related: $266,417
- Other: $12,505
- Compensation: $0
- Related: $275,412
- Other: $12,273
- Compensation: $0
- Related: $181,515
- Other: $20,625
Official website here: www.carequality.org
Where can I find the form 990 for Carequality Inc?
Carequality Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carequality.org
Learn more at the official website: www.carequality.org
Mission Statement of Carequality Inc
Carequality Inc, a notable organization, aims to alleviate the pressure on the federal government by establishing a comprehensive framework that facilitates the safe and secure exchange of electronic health information between various electronic health systems. This framework is supported by a robust legal and policy structure, including a common trust agreement, implementation guides, and technical specifications. These guidelines are developed through a collaborative process involving multiple stakeholders, and Carequality plays a pivotal role in steering this process. The consensus-based framework enables different electronic health IT vendors, platforms, and related entities to achieve interoperability, thereby fostering seamless communication and information sharing within the healthcare sector.
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Impact
July, 2024
Carequality Inc lessens the burden on the federal government by creating a framework that supports the safe and secure exchange of electronic health information among different electronic health systems. This framework, developed through a multi-stakeholder process, allows various eHealth IT vendors and platforms to achieve interoperability. By providing programmatic and operational support for the Carequality Interoperability Framework, Carequality enables health information sharing among all types of health data networks. This contributes to improved efficiency and effectiveness in healthcare delivery, benefiting both providers and patients.
This information is meant to be a general summary of Carequality 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: $5,993
- Program Service Revenue: $2,615,609
- Gross Receipts: $2,640,602
Assets and Liabilities:
- Total Assets: $3,526,780
- Total Liabilities: $844,132
- Net Assets: $2,682,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Carequality fees
Revenue
$2,351,555
RCE income
Revenue
$223,829
Registration fees
Revenue
$40,225
Organization Details
Founding Year
2018
Phone
(571) 327-3637Principal Officer
Alan Swenson
Main Address
8300 Boone Blvd 500, Vienna, VA, 22182
Website
www.carequality.orgNTEE Category
Code: E01 - Health
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