New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Healthfirst Health Plan Inc, founded in 1990, is a large national nonprofit that reported $5.9B in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.
IMPROVE THE HEALTH AND WELL-BEING OF UNDERSERVED POPULATIONS BY PROVIDING AFFORDABLE QUALITY HEALTH PLANS TO ELIGIBLE MEDICARE, COMPLETE CARE, FIDA & COMMERCIAL INSURANCE RECIPIENTS.
MEDICARE: 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...
MEDICARE: 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 MEDICARE ADVANTAGE MEMBERS WHO ARE INDIGENT, AGED, DISABLED AND/OR MEDICALLY UNDERSERVED. IN 2023, HFHP SERVED 272,635 MEDICARE MEMBERS.
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...
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 2023, HFHP SERVED 30,771 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...
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 2023, HFHP SERVED 0 FIDA MEMBERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,911,645,548 | $4,891,129,866 | +0.2% |
| Expenses | $5,817,161,744 | $4,868,861,042 | +0.2% |
| Net Income | $94,483,804 | $22,268,824 | +3.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| PATRICIA J WANG | PRESIDENT AND CEO | 1.0 |
Officer
|
$0 | $525,317 | $4,821,128 |
| JOHN J BERMEL | CHIEF FINANCIAL OFFICER | 1.0 |
Officer
|
$0 | $37,654 | $2,020,312 |
| GERALD T SWEENEY | SVP CHIEF INFORMATION OFFICER | 1.0 |
Highest
|
$0 | $186,137 | $1,693,437 |
| LINDA TIANO | CLO/SECRETARY ENDING 6/2023 | 1.0 |
Officer
Director
|
$0 | $52,444 | $1,462,057 |
| SEAN KANE | CHIEF HR OFFICER | 1.0 |
Highest
|
$0 | $164,050 | $1,425,978 |
| JAY A SCHECHTMAN | CHIEF MEDICAL OFFICER | 1.0 |
Director
|
$0 | $155,676 | $1,422,822 |
| STEVEN H BLACK | COO END 3/2022 | 0.0 |
|
$0 | $0 | $1,235,794 |
| BARBARA MONTRESOR | SVP Comm and Marketing | 1.0 |
Highest
|
$0 | $124,773 | $1,188,400 |
| KAREN WEINSEISS | SVP Comm & Marketing | 1.0 |
Officer
Director
|
$0 | $155,758 | $1,171,056 |
| ERROL PIERRE | SVP State Programs | 1.0 |
Highest
|
$0 | $117,095 | $1,057,140 |
| SHERYL MARKOWITZ | SVP Clinical Operations | 1.0 |
Highest
|
$0 | $5,029 | $957,041 |
| ROBERT P BLANCHARD | Treasurer | 1.0 |
Officer
|
$0 | $47,075 | $405,868 |
| KATHRYN HOWELL | CLO/SECRETARY BEGINNING 7/2023 | 1.0 |
Officer
Director
|
$0 | $71,250 | $374,438 |
| DEREK LAM | VP DSI Beginning 7/2023 | 1.0 |
Director
|
$0 | $23,286 | $244,577 |
| STEPHEN ROSENTHAL | BOARD DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| David Evangelista | BOARD DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,911,645,548 | $5,817,161,744 | $2,002,289,882 | $94,483,804 |
| 2022 | $4,891,129,866 | $4,868,861,042 | $1,573,245,747 | $22,268,824 |
| 2021 | $4,021,567,221 | $4,030,673,741 | $1,269,883,262 | $-9,106,520 |
| 2020 | $3,459,891,700 | $3,430,246,046 | $1,189,682,982 | $29,645,654 |
| 2019 | $3,052,522,176 | $3,027,160,070 | $927,107,027 | $25,362,106 |
| 2018 | $2,630,132,602 | $2,601,432,167 | $798,683,966 | $28,700,435 |
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