Overview
What is Cedars-Sinai Medical Care Foundation?
Cedars-Sinai Medical Care Foundation is a nonprofit organization established by Cedars-Sinai Medical Center, a leading healthcare provider based in Los Angeles, California. The Foundation operates as a medical practice foundation under Section 1206(L) of the California Health and Safety Code, with the primary objective of establishing and operating outpatient medical care clinics as part of an integrated healthcare delivery system. The Foundation further enables the Medical Center to efficiently deliver healthcare services to residents of Los Angeles County by coordinating outpatient and inpatient operations, providing resources for developing and managing outpatient clinics, and assuming risk through capitated models. The Foundation's medical services are delivered either at their outpatient clinics or at the Medical Center's hospital, and they participate in various value-based payer arrangements to improve patient outcomes and lower the cost of care for the community. The Foundation also focuses on community and physician health education, performs clinical research activities, and offers free or low-cost health care educational programs for the public. By increasing access to essential healthcare services, the Cedars-Sinai Medical Care Foundation significantly contributes to enhancing the overall healthcare landscape in Los Angeles County.
Official website here: www.cedars-sinai.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Cedars-Sinai Medical Care Foundation has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based solely on the Accountability & Finance score, which reflects the organization's strong governance practices and transparency. With an impressive score of 92, the foundation demonstrates its commitment to responsible financial management.
Strengths of the organization include a majority of independent board members and a strong financial oversight framework, evidenced by perfect scores in various categories such as audit oversight and conflict of interest policies. The foundation's program expense ratio is also notable, with 97.50% of its budget allocated directly to programs, showcasing a focus on its mission and effective use of resources.
While the data highlights many strengths, it does not provide detailed insights into the organization's programmatic impact or community engagement. Overall, the Cedars-Sinai Medical Care Foundation appears to be well-managed and financially sound, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Cedars-Sinai Medical Care Foundation legitimate?
Cedars-Sinai Medical Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedars-Sinai Medical Care Foundation 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: $128,147,583
For more financial information, click here
Official website here: www.cedars-sinai.org
What is the mission statement of Cedars-Sinai Medical Care Foundation?
The Cedars-Sinai Medical Care Foundation was established to enhance the capability of a medical center in delivering effective and efficient healthcare services. Its primary goal is to further charitable healthcare purposes by providing medical education, research, and various medical benefits to the community. The foundation aims to improve the medical center's capacity to cater to the residents of Los Angeles County, California, ensuring they receive high-quality healthcare services. A detailed description of the services provided can be found in the Statement of Program Accomplishments.
Official website here: www.cedars-sinai.org
Who is the CEO of Cedars-Sinai Medical Care Foundation?
Thomas M Priselac is the Chairman And President of Cedars-Sinai Medical Care Foundation. The CEO's salary of Cedars-Sinai Medical Care Foundation is $0 and their total compensation is $2,030,271.
Official website here: www.cedars-sinai.org
What is the revenue of Cedars-Sinai Medical Care Foundation?
Cedars-Sinai Medical Care Foundation's revenue in 2022 was $666,771,690.
Official website here: www.cedars-sinai.org
Who are the executives of Cedars-Sinai Medical Care Foundation and what are their salaries?
The average compensation at Cedars-Sinai Medical Care Foundation during 2022 was $65,886. There are 1945 employees at Cedars-Sinai Medical Care Foundation.
Here are 22 key members and their salaries (Cedars-Sinai Medical Care Foundation's CEO's salary is $0 and their total compensation is $2,030,271):
- Compensation: $0
- Related: $5,159,849
- Other: $1,416,735
- Compensation: $0
- Related: $1,902,173
- Other: $128,098
- Compensation: $0
- Related: $1,816,687
- Other: $103,394
- Compensation: $0
- Related: $700,315
- Other: $17,038
- Compensation: $0
- Related: $36,000
- Other: $0
- Compensation: $0
- Related: $20,000
- 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,044,886
- Other: $156,847
- Compensation: $0
- Related: $1,356,200
- Other: $146,500
- Compensation: $0
- Related: $708,922
- Other: -$7,391
- Compensation: $0
- Related: $752,061
- Other: $824
- Compensation: $0
- Related: $551,211
- Other: $38,065
- Compensation: $538,782
- Related: $0
- Other: $33,851
- Compensation: $599,077
- Related: $0
- Other: -$90,332
- Compensation: $0
- Related: $484,233
- Other: -$78,010
- Compensation: $0
- Related: $2,430,502
- Other: $180,416
Official website here: www.cedars-sinai.org
Where can I find the form 990 for Cedars-Sinai Medical Care Foundation?
Cedars-Sinai Medical Care Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cedars-sinai.org
Learn more at the official website: www.cedars-sinai.org
Mission Statement of Cedars-Sinai Medical Care Foundation
Cedars-Sinai Medical Care Foundation is a philanthropic organization established to boost the capabilities of Cedars-Sinai Medical Center in delivering top-notch healthcare services efficiently and effectively to the residents of Los Angeles County, California. The Foundation is committed to expanding the medical center's charitable healthcare purposes by offering medical education, research, and various medical benefits to the community. By strengthening the medical center's capacity, Cedars-Sinai Medical Care Foundation aims to enhance the overall quality of healthcare available to those in need.
The Foundation's primary objective is to ensure that Cedars-Sinai Medical Center can provide the best possible healthcare services to its patients. By providing resources for medical education and research, the Foundation enables the medical center to stay at the forefront of medical advancements and deliver the most advanced treatments to its patients. Furthermore, by offering various medical benefits, Cedars-Sinai Medical Care Foundation helps to make healthcare more accessible and affordable to those who might not otherwise have access.
In summary, Cedars-Sinai Medical Care Foundation is a driving force behind the medical center's ability to provide exceptional healthcare services to the community. By focusing on medical education, research, and various medical benefits, the Foundation plays a crucial role in ensuring that Cedars-Sinai Medical Center remains a leading healthcare provider, dedicated to enhancing the health and wellbeing of its patients.
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Impact
October, 2024
Cedars-Sinai Medical Care Foundation significantly impacts the healthcare landscape in Los Angeles County by enhancing the delivery of both outpatient and inpatient services through an integrated healthcare delivery system. Its focus on establishing and operating outpatient medical care clinics effectively addresses the shifting trend from inpatient to outpatient care, ensuring residents have accessible, high-quality medical services.
The Foundation plays a crucial role in developing multi-specialty outpatient clinics, which support efficient coordination between acute care hospitals and outpatient services. This collaboration minimizes unnecessary duplication and excess capacity, ultimately reducing healthcare costs and improving patient experience.
Moreover, the Foundation adopts a capitated payment model, enabling healthcare providers to take on a more active role in managing patient care. This model not only incentivizes cost-effective high-quality services but also helps coordinate care across different settings, including urgent care and hospital services. The extended hours for urgent care clinics and the 24/7 availability of physicians further enhance accessibility for non-life-threatening medical emergencies.
Cedars-Sinai Medical Care Foundation also actively engages in addressing community health disparities through initiatives focused on diversity, inclusion, and health equity. Programs aimed at underserved populations, such as offering health education and preventive screenings, play a vital role in mitigating health inequities in the region. Specific initiatives, like the HEAL program that provides physicals to underserved high schools and community education on various health topics, emphasize their commitment to improving community well-being.
In addition, the Foundation invests in community and physician education, clinical research, and health services research. It provides a range of continuing education programs for healthcare professionals, further enhancing the quality of care throughout the community. Ongoing clinical outreach and participation in clinical trials ensure that the latest medical advancements are integrated into patient care.
Overall, Cedars-Sinai Medical Care Foundation not only improves the efficiency and effectiveness of healthcare delivery but also plays a transformative role in community health, emphasizing preventive care, education, and equitable access to quality services for all residents of Los Angeles County.
This information is meant to be a general summary of Cedars-Sinai Medical Care Foundation. 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: $12,544
- Program Service Revenue: $660,538,280
- Gross Receipts: $666,771,690
Assets and Liabilities:
- Total Assets: $562,403,044
- Total Liabilities: $243,702,689
- Net Assets: $318,700,355
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE
Revenue
$431,439,917
PREMIUM REVENUE
Revenue
$118,883,203
MEDICARE/MEDICAID PMT
Revenue
$109,784,176
SUBLEASE INCOME
Revenue
$430,984
Organization Details
Founding Year
1994
Phone
(310) 385-3200Principal Officer
Thomas M Priselac
Main Address
6500 WILSHIRE BLVD 15TH FLOOR, LOS ANGELES, CA, 90048
Website
www.cedars-sinai.orgNTEE Category
Code: E110 - Health
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