Healthfirst Health Plan Inc
501(c)(4)
96% goes to programs Growing revenue
Healthfirst Health Plan Inc is a 501(c)(4) organization based in New York, New York, registered in 1992, with $6,954,314,248 in FY2024 revenue. CharityIndex grades it A, and it directs about 96% of spending to programs.
100 Church St Fl 18, New York, NY, 10007 EIN 11-3029569 Since 1992
Revenue (FY2024)
$7.0B
▲ 17.6% vs prior year
Expenses (FY2024)
$6.9B
Net assets
$957.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating96% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Healthfirst Health Plan Inc: 96% to programs earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Healthfirst Health Plan Inc: 2 mo reserves · +1% margin earns a B on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Healthfirst Health Plan Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Healthfirst Health Plan Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Improve the health and well-being of un derserved populations by providing affordable quality health plans to eligible medicare,complete care,fida&commercial insurance recipients.
What they do
Completecare: healthfirst health plan, inc. (hfhp), is incorporated under the not-for-profit law of the state of new york and is licensed under article 44 of the public health law of the state of new york as a health maintenance organization that provides access to affordable, quality care through its network of participating providers and hospitals. hfhp provides health care services to complete care members. completecare is a medicaid advantage plus special needs plan that combines medicare and medicaid benefits, with added long-term care services for qualified dual-eligible members. in 2024, hfhp served 37,035 complete care members.
Fully integrated duals advantage programs (fida): healthfirst health plan, inc. (hfhp), is incorporated under the not-for-profit law of the state of new york and is licensed under article 44 of the public health law of the state of new york as a health maintenance organization that provides access to affordable, quality care through its network of participating providers and hospitals. hfhp provides health care services to fida members, whose benefit can be integrated and care across the medicare and medicaid programs. in 2024, hfhp served 0 fida members.
Contact & location
Financial trends
Revenue grew from $1.6B (FY2013) to $7.0B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $957.1M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.2B
Total liabilities
$1.2B
Net assets
$957.1M
Salaries & benefits
$0
0% of expenses
Board members
6
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,954,314,248▲17.6% | $6,867,968,957▲18.1% | $957,121,386▲11.7% | $2,170,418,382▲8.4% | 990 |
| 2023 | $5,911,645,548▲20.9% | $5,817,161,744▲19.5% | $857,026,027▲46.0% | $2,002,289,882▲27.3% | 990 |
| 2022 | $4,891,129,866▲21.6% | $4,868,861,042▲20.8% | $587,090,979▲11.7% | $1,573,245,747▲23.9% | 990 |
| 2021 | $4,021,567,221▲16.2% | $4,030,673,741▲17.5% | $525,518,366▲13.4% | $1,269,883,262▲6.7% | 990 |
| 2020 | $3,459,891,700▲13.3% | $3,430,246,046▲13.3% | $463,607,637▲14.4% | $1,189,682,982▲28.3% | 990 |
| 2019 | $3,052,522,176▲16.1% | $3,027,160,070▲16.4% | $405,185,626▲15.6% | $927,107,027▲16.1% | 990 |
| 2018 | $2,630,132,602▲14.8% | $2,601,432,167▲13.4% | $350,466,347▲13.0% | $798,683,966▲2.6% | 990 |
| 2017 | $2,291,139,398▲2.2% | $2,294,732,932▲2.7% | $310,212,399▲2.8% | $778,498,574▼6.3% | 990 |
| 2016 | $2,241,794,543▲10.5% | $2,235,299,601▲10.5% | $301,728,374▲11.2% | $831,021,649▲27.4% | 990 |
| 2015 | $2,028,384,559▲13.9% | $2,022,601,004▲11.6% | $271,270,179▲25.9% | $652,104,450▲15.5% | 990 |
| 2014 | $1,780,755,230▲10.0% | $1,813,071,250▲11.3% | $215,467,616▲1.7% | $564,772,819▲14.2% | 990 |
| 2013 | $1,618,599,531 | $1,628,776,902▲11.4% | $211,957,173▼2.0% | $494,542,039▼4.0% | 990 |
| 2012 | — | $1,462,192,719▲6.5% | $216,344,061▲12.3% | $515,271,133▲11.8% | 990 |
| 2011 | — | $1,373,562,726▲6.9% | $192,643,918▲18.2% | $460,949,918▲23.8% | 990 |
| 2010 | — | $1,284,812,196 | $163,034,344 | $372,234,447 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Barbara Montresor | Svp Comm and Marketing | 1 | — |
| David Evangelista | Board Director | 1 | — |
| Derek Lam | Vp Delivery System Innovation | 1 | — |
| Errol Pierre | Svp State Programs | 1 | — |
| Gerald T Sweeney | Svp Chief Information Officer | 1 | — |
| Jay A Schechtman | Chief Medical Officer | 1 | — |
| Jennifer Cohen | Svp Medicare | 1 | — |
| John J Bermel | Chief Financial Officer | 1 | — |
| Karen Weinseiss | Svp Comm & Marketing | 1 | — |
| Kathryn Howell | Clo and General Counsel | 1 | — |
| Linda Tiano | Clo/secretary Ended 6/2023 | 0 | — |
| Patricia J Wang | President and Ceo | 1 | — |
| Robert P Blanchard | Treasurer | 1 | — |
| Sean Kane | Chief Hr Officer | 1 | — |
| Stephen Rosenthal | Board Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cvs Pharmacy Inc | Pharmacy | $2,487,367,091 |
| Incomm Healthcare Affinity | Medical/hospital | $484,721,157 |
| New York City Health and Hospital C | Medical/hospital | $391,704,169 |
| Ny Presbyterian Hosp-columbia | Medical/hospital | $341,642,091 |
| Montefiore Medical Center | Medical/hospital | $315,477,061 |
Frequently asked questions
- Is Healthfirst Health Plan Inc a legitimate nonprofit?
- Yes. Healthfirst Health Plan Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 11-3029569, based in New York, New York.
- What is Healthfirst Health Plan Inc's EIN?
- Healthfirst Health Plan Inc's Employer Identification Number (EIN) is 11-3029569.
- How much revenue does Healthfirst Health Plan Inc report?
- Healthfirst Health Plan Inc reported $6,954,314,248 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Healthfirst Health Plan Inc's spending goes to programs?
- Healthfirst Health Plan Inc spends about 96% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Healthfirst Health Plan Inc have?
- CharityIndex grades Healthfirst Health Plan Inc A, based on program efficiency and fundraising cost.
- How much does Healthfirst Health Plan Inc's highest-paid employee make?
- The highest reported compensation on Healthfirst Health Plan Inc's latest Form 990 is $0, paid to Barbara Montresor (Svp Comm and Marketing).
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Data for Healthfirst Health Plan Inc (EIN 11-3029569) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.