Health Care Cost Management Corporation Of Alaska

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943283661 ✦ Anchorage, AK ✦ Designated as a 501(c)(5)

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Overview

What is Health Care Cost Management Corporation Of Alaska?

Health Care Cost Management Corporation of Alaska is a nonprofit organization situated in Anchorage, Alaska. Their primary objective is to benefit the health plans of its members by engaging in negotiations with healthcare providers to secure discounts. With a small team of two dedicated individuals, this corporation functions to optimize healthcare costs for its members, contributing to their overall well-being.


Official website here: www.hccmca.org

Is Health Care Cost Management Corporation Of Alaska legitimate?

Health Care Cost Management Corporation Of Alaska is a legitimate nonprofit organization registered as a 501(c)(5) entity. Health Care Cost Management Corporation Of Alaska 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: $270,000

For more financial information, click here


Official website here: www.hccmca.org

What is the mission statement of Health Care Cost Management Corporation Of Alaska?

The Health Care Cost Management Corporation of Alaska's mission is centered around benefiting its member health plans. It achieves this by engaging in negotiations with health care providers, aiming to secure discounts. This strategic approach ultimately aims to enhance the financial well-being of the health plans, ensuring they can offer more affordable services to their members. The corporation's activities are focused solely on this objective, promoting cost-effectiveness and value for the member health plans.


Official website here: www.hccmca.org

Who is the CEO of Health Care Cost Management Corporation Of Alaska?

Michael Williams is the Treasurer of Health Care Cost Management Corporation Of Alaska.


Official website here: www.hccmca.org

What is the revenue of Health Care Cost Management Corporation Of Alaska?

Health Care Cost Management Corporation Of Alaska's revenue in 2022 was $2,234,229.


Official website here: www.hccmca.org

Who are the executives of Health Care Cost Management Corporation Of Alaska and what are their salaries?

The average compensation at Health Care Cost Management Corporation Of Alaska during 2022 was $135,000. There are 2 employees at Health Care Cost Management Corporation Of Alaska.


Here are 7 key members and their salaries:


Michael Williams (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joey Merrick (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Adams (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trey Bland (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Brown (Executive Di)
  • Compensation: $180,000
  • Related: $0
  • Other: $0
David Chally (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Bell (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hccmca.org

Where can I find the form 990 for Health Care Cost Management Corporation Of Alaska?

Health Care Cost Management Corporation Of Alaska's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hccmca.org

Learn more at the official website: www.hccmca.org

Mission Statement of Health Care Cost Management Corporation Of Alaska

Health Care Cost Management Corporation of Alaska, in its mission, aims to benefit its member health plans by negotiating discounts with various healthcare providers. This strategic approach enables the corporation to pass on these savings to its members, ultimately improving the overall healthcare experience for those enrolled in its health plans. By successfully negotiating reduced costs with healthcare providers, the corporation contributes to the financial well-being of its member health plans, ensuring they can offer competitive and affordable healthcare options to their members.

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Impact




October, 2024

Health Care Cost Management Corporation of Alaska plays a significant role in enhancing health care affordability for its member health plans. By negotiating discounts with health care providers, the organization works to reduce overall medical costs, making healthcare more accessible for individuals and families. This effort not only helps lower out-of-pocket expenses for members but also contributes to improved financial sustainability for health plans. Furthermore, the corporation's activities support community health improvements, fostering better health outcomes through enhanced access to necessary medical services. Its strategic negotiations create a ripple effect, promoting a healthier population in Anchorage and across Alaska.




This information is meant to be a general summary of Health Care Cost Management Corporation Of Alaska. 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.

Revenue
$2,234,229 (2022)
Expenses
$1,330,508 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $96,717
  • Program Service Revenue: $2,137,512
  • Gross Receipts: $2,234,229

Assets and Liabilities:

  • Total Assets: $9,730,489
  • Total Liabilities: $2,313,781
  • Net Assets: $7,416,708

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PER CAPITA FEES

Revenue

$2,124,132

ACCESS FEES

Revenue

$13,380

Organization Details

Founding Year

1999

Principal Officer

Michael Williams

Main Address

3000 A STREET SUITE 300, ANCHORAGE, AK, 99503

NTEE Category

Code: S02 - Community improvement

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