DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALTH ALLIANCE PLAN OF MICHIGAN, founded in 1979, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2024.
TO IMPROVE THE HEALTH STATUS OF THE RESIDENTS IN ALL OF THE COMMUNITIES WE SERVE. WE ACCOMPLISH THIS THROUGH INNOVATIVE PROGRAMS TO PROVIDE HEALTH CARE COVERAGE WITH AN EMPHASIS ON PREVENTATIVE CARE AS WELL AS OUTREACH PROGRAMS TO THE COMMUNITIES AIMED AT ENHANCING AND PROMOTING HEALTHIER COMMUNITIES.
CORPORATE OVERVIEWHAP IS A SUBSIDIARY OF HENRY FORD HEALTH ONE OF THE NATION'S LEADING HEALTH CARE SYSTEMS. HAP PROVIDES COVERAGE TO INDIVIDUALS, COMPANIES AND ORGANIZATIONS. WE PARTNER WITH DOCTORS...
CORPORATE OVERVIEWHAP IS A SUBSIDIARY OF HENRY FORD HEALTH ONE OF THE NATION'S LEADING HEALTH CARE SYSTEMS. HAP PROVIDES COVERAGE TO INDIVIDUALS, COMPANIES AND ORGANIZATIONS. WE PARTNER WITH DOCTORS, EMPLOYERS AND COMMUNITY GROUPS TO IMPROVE THE OVERALL HEALTH OF EVERY COMMUNITY WE SERVE. OUR MISSION IS TO ENHANCE THE HEALTH AND WELL-BEING OF THE LIVES WE TOUCH.COMPANY HIGHLIGHTS: FOUNDED IN 1960 BASED IN DETROIT, MICHIGAN 419,994 MEMBERS AND 900 PLUS EMPLOYEESIN AUGUST 2023, HAP AND CARESOURCE, AN OHIO-BASED NONPROFIT MANAGED CARE HEALTH PLAN, ENTERED INTO AN AGREEMENT TO FORM A JOINT VENTURE. THE GOAL OF THE JOINT VENTURE IS TO BRING HIGH-QUALITY COVERAGE TO MORE MICHIGAN RESIDENTS. THIS POSITIONS HENRY FORD HEALTH AND THE JOINT VENTURE IN AN EXTREMELY STRONG STRATEGIC POSITION FOR A SUCCESSFUL MEDICAID PROCUREMENT, STATEWIDE MEDICAID GROWTH, AND RE-ENTRY INTO THE ON-EXCHANGE INDIVIDUAL MARKET. HAP IS A FULL-SERVICE HEALTH INSURANCE COMPANY WITH DISTINCT PRODUCT PORTFOLIOS: EMPLOYER GROUP PLANS HMO, PPO, EPO, NARROW NETWORK AND CONSUMER-DRIVEN HEALTH PLANS. HEALTH ENGAGEMENT PROGRAM OFFERS EMPLOYEES INCENTIVES TO ADOPT A HEALTHIER LIFESTYLE. INDIVIDUAL PLANS HAP PLANS HMO, PPO AND HEALTH SAVINGS ACCOUNT ARE FOR INDIVIDUALS AND FAMILIES NOT COVERED THROUGH EMPLOYER HEALTH INSURANCE. MEDICARE HAP MEDICARE SOLUTIONS OFFER HMO AND PPO HEALTH PLANS, PRESCRIPTION DRUG PLANS AND MEDICARE SUPPLEMENT PLANS FOR INDIVIDUALS AND EMPLOYER-SPONSORED EMPLOYEES AND RETIREES. MEDICAID HAP EMPOWERED HEALTH PLAN IS AN HMO BASED IN SOUTHEAST MICHIGAN WITH ABOUT 33,383 ENROLLEES. SELF-FUNDED ASO AND ASR HEALTH BENEFITS OFFER COMPETITIVE OPTIONS FOR EMPLOYERS AND HEALTH AND WELFARE FUNDS SEEKING TO SELF-FUND THEIR HEALTH BENEFIT COSTS. NETWORK LEASING HAP PREFERRED, INC. IS A PPO NETWORK THAT CAN BE ADMINISTERED BY THIRD-PARTY ADMINISTRATORS AND HEALTH AND WELFARE FUNDS.PARTICIPATING PHYSICIANS AND ANCILLARY PROVIDERS: HAP'S ROBUST PROVIDER NETWORKS INCLUDE THE LEADING MICHIGAN DOCTORS, HOSPITALS, AND HEALTH SYSTEMS.HAP CONTRACTS WITH MORE THAN 50,000 PROVIDER PARTNERS AND 88 PLUS MICHIGAN HOSPITALS TO SERVE ITS MEMBERS. STATEWIDE AND NATIONAL PROVIDER NETWORK SOLUTIONS ARE AVAILABLE FOR OTHER PRODUCT LINES THROUGH STRATEGIC PARTNERSHIPS FOR COMPANIES WITH MULTIPLE LOCATIONS. HAP EXPENDS A CONSIDERABLE AMOUNT OF RESOURCES COMMUNICATING WITH MEMBERS AND PROVIDING SUPPORTIVE HEALTH PROGRAMS AND RESOURCES TO HELP THEM ACHIEVE SUSTAINABLE HEALTHY HABITS AND MANAGE CHRONIC CONDITIONS. EXAMPLES OF HEALTH AND WELLNESS PROGRAMS AND RESOURCES INCLUDE: PREVENTIVE AND WELLNESS SERVICES: HAP COVERS PREVENTIVE SERVICES, INCLUDING CANCER SCREENINGS, PHYSICALS, FLU SHOTS AND MORE. WORKSITE WELLNESS PROGRAMS: FREE OR LOW-COST PREVENTIVE SERVICES AND HEALTH EDUCATION FOR THE WORKPLACE. ISTRIVE FOR BETTER HEALTH: ONLINE HEALTH ASSESSMENT AND DIGITAL COACHING. EASY-TO-UNDERSTAND EDUCATIONAL TOOLS: WE HELP MEMBERS MANAGE THEIR PLAN BENEFITS AND OVERALL HEALTH.COMMUNITY OUTREACH OVERVIEW & INITIATIVESESTABLISHING AND MANAGING RELATIONSHIPS WITH NON-PROFIT ORGANIZATIONS THAT SUPPORT COMMUNITY HEALTH AND WELL-BEING IS AN INTEGRAL PART OF THE MISSION AND VISION OF HAP'S COMMUNITY OUTREACH DEPARTMENT. 2024 ACTIVITIES AND ACCOMPLISHMENTS IN COMMUNITY OUTREACHKEY INITIATIVES: ESTABLISH AND MANAGE RELATIONSHIPS WITH HUMAN SERVICE AGENCIES AND NON-PROFIT ORGANIZATIONS THAT SUPPORT COMMUNITY HEALTH AND WELL-BEING. SUPPORT PROGRAMS AT SENIOR CENTERS, AREA AGENCIES ON AGING AND VETERANS AFFAIRS ORGANIZATIONS TO KEEP THE HAP BRAND TOP OF MIND AMONG MEDICARE ADVANTAGE PROSPECTS. DEVELOP AND PRESENT MEMBER ENGAGEMENT ACTIVITIES TO AID IN RETENTION FOR ALL LINES OF BUSINESS. PARTNER WITH HENRY FORD HEALTH, OTHER CONTRACTED PROVIDERS AND ENROLLED EMPLOYER GROUPS TO PRESENT COMMUNITY EVENTS AND MEMBER ENGAGEMENT ACTIVITIES. COLLABORATE WITH HAP HCM AND QUALITY TEAMS TO PRODUCE AND EXECUTE "CLINIC DAYS" TO CLOSE GAPS IN CARE FOR MEDICAID MEMBERS. IDENTIFY, PROMOTE, AND COORDINATE HAP EMPLOYEE VOLUNTEER OPPORTUNITIES. 1000 STAFF COMMUNITY VOLUNTEER HOURS WERE LOGGED IN 2024 MANAGE HIGH-PROFILE CORPORATE INITIATIVES SUCH AS THE AHA HEART WALK, THE HAP CRIM FESTIVAL OF RACES AND "GAME ON CANCER". COLLABORATE WITH ORGANIZATIONS OFFERING BOTH FINANCIAL ASSISTANCE AND VOLUNTEER SUPPORT. ADMINISTERED AND MANAGED 260 GRANTS, CHARITABLE DONATIONS AND CORPORATE SPONSORSHIPS WITH NON-PROFIT ORGANIZATIONS AND COMMUNITY PARTNERS, DIRECTLY TOUCHING OVER 1,000,000 LIVES. ENGAGED WITH HENRY FORD HEALTH, FQHC PARTNERS AND MUNICIPAL HEALTH DEPARTMENTS AT COMMUNITY VACCINATION EVENTS AT ONE FORD PLACE, CHURCHES, COMMUNITY CENTERS IN UNDERSERVED COMMUNITIES. HEALTH EQUITY REMAINS A CORE FOCUS FOR HAP, ALONGSIDE ADDRESSING FOOD INSECURITY AND ENSURING THE SOCIAL DETERMINANTS OF HEALTH FOR HUNDREDS OF THOUSANDS OF MICHIGAN RESIDENTS IN OUR CARE. TOTAL LIVES TOUCHED: 1,000,000SIGNATURE PROGRAMS AND PARTNERS:MOGO BIKES: WITH 620 BIKES AT 75 STATIONS, MOGO GIVES METRO-DETROITERS THE FREEDOM AND FLEXIBILITY TO MOVE AROUND AT PRICES THAT EVERYONE CAN AFFORD. MOGO IS MADE POSSIBLE THROUGH A SIGNIFICANT PARTNERSHIP WITH HENRY FORD HEALTH AND HEALTH ALLIANCE PLAN (HAP).CRIM FITNESS FOUNDATION: HAP PARTNERS WITH THIS FLINT-BASED AGENCY ON A VARIETY OF HEALTH, WELL-BEING AND COMMUNITY EDUCATION ENDEAVORS. MOST NOTABLY AS PRESENTING SPONSOR OF THE HAP CRIM FESTIVAL OF RACES AND CRIMFIT TRAINING PROGRAM. GAME ON, CANCER: GAME ON CANCER, A UNIQUE COLLABORATION BETWEEN HENRY FORD HEALTH, HAP, THE DETROIT LIONS AND THE DETROIT PISTONS, IS A PEER-TO-PEER TEAM-BASED FUNDRAISER DESIGNED TO ALLEVIATE BARRIERS CANCER PATIENTS FACE ON THEIR ROAD TO RECOVERY AND ADVANCE LEADING-EDGE RESEARCH. RUTH ELLIS CENTER: HAP PROVIDES SUPPORT ANNUALLY FOR THE RUTH ELLIS CENTER (REC), BASED IN HIGHLAND PARK. REC PROVIDES TRAUMA-INFORMED SERVICES FOR LESBIAN, GAY, BI-ATTRACTIONAL, TRANSGENDER AND QUESTIONING (LGBTQ+) YOUTH, AND YOUNG ADULTS, WITH AN EMPHASIS ON YOUNG PEOPLE OF COLOR, EXPERIENCING HOMELESSNESS, INVOLVED IN THE CHILD WELFARE SYSTEM, AND/OR EXPERIENCING BARRIERS TO HEALTH AND WELLBEING.DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT (DPSCD) HAS BEEN A GREAT PARTNER FOR THE LAST SEVERAL YEARS. THROUGH OUR PARTNERSHIP WE HAVE BEEN ABLE TO SPONSOR AND SUPPORT ALL SOCIAL DETERMINANTS OF HEALTH IN SOUTHEAST MICHIGAN. EACH CHILD THAT WE SUPPORTED WAS ABLE TO RECEIVE A BRAND NEW COAT OF CHOICE, HAT AND PAIR OF GLOVES.DENTAL CLINIC DAYS AND WOMEN'S CLINIC DAYS: HAP CARESOURCE SUCCESSFULLY HOSTED SEVERAL WOMEN'S CLINIC DAYS , PROVIDING VITAL PREVENTATIVE CARE AND SUPPORT TO OUR MEMBERS. HAP CARESOURCE ALSO COMPLETED SEVERAL ADULT ACCESS CLINIC DAYS THROUGHOUT THE CITY OF DETROIT, AIMING TO BRIDGE HEALTHCARE GAPS AND ENSURE MORE ADULTS RECEIVE THE CARE THEY NEED TO LIVE HEALTHY LIVES.ONESIGHT: HAP PARTNERED WITH ONESIGHT ESSILOR LUXOTTICA FOUNDATION AND EYE MED FOR A TWO-DAY VISION CLINIC AT GRACE COMMUNITY CHURCH PROVIDING COMMUNITY RESIDENTS FREE EYE EXAMS AND EYEGLASSES.MEALS ON WHEELS WEST MICHIGAN & FOOD BANK OF EASTERN MICHIGAN: OUR RELATIONSHIP WITH MEALS ON WHEELS IN GRAND RAPIDS WAS A RESULT OF OUR EXPANSION INTO MORE WESTERN MICHIGAN COUNTIES. IN 2024 WE SPONSORED SEVERAL COMMUNITY EVENTS RAISING MONEY AND AWARENESS TO ADDRESS FOOD INSECURITY AND SUPPORT COMMUNITY EFFORTS TO FIGHT HUNGER.OTHER PROGRAMS WHICH HAP ENGAGED IN 2024 INCLUDE: AMERICAN HEART ASSOCIATION AND STROKE WALK, CASS COMMUNITY SOCIAL SERVICES PARTNERSHIP, NOAH PROJECT PARTNERSHIP, FOOD GATHERERS AND DPS & RIVER ROUGE HIGH SCHOOL EXPERIENCE MSU GAME DAY.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,636,128,583 | $1,621,970,158 | +0.0% |
| Expenses | $1,609,912,895 | $1,622,285,296 | 0.0% |
| Net Income | $26,215,688 | $-315,138 | -84.2% |
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 |
|---|---|---|---|---|---|---|
| JEFFREY A CHAFFKIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAMATHA CHAMARTHI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JONI MT DAVIS JD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE G ESSENBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL A GENORD MD | DIRECTOR/PRESIDENT (THRU 11/2024) | 58.00 |
Officer
Director
|
$0 | $27,857 | $2,051,756 |
| JACALYN S GOFORTH | DIRECTOR- CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $25,000 |
| JOHN K GORMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY JACKSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYMOND C LOPE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ADNAN R MUNKARAH MD | DIRECTOR | 1.00 |
Director
|
$0 | $69,819 | $3,443,767 |
| MEERAH RAJAVEL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT G RINEY | DIRECTOR | 1.00 |
Director
|
$0 | $61,705 | $7,081,174 |
| FELIX M VALBUENA MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET ANDERSON | DIRECTOR/PRESIDENT (START 11/2024) | 59.00 |
Officer
Director
|
$814,173 | $38,197 | $852,370 |
| CHARLES R BROWNING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET KENNEDY CPA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GWEN M MACKENZIE RN MN MHSA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ARCHANA RAJENDRA JD | ASSISTANT SECRETARY | 55.00 |
Officer
|
$226,317 | $11,395 | $423,747 |
| MARJORIE A STATEN JD | SECRETARY (THRU 10/2024) | 2.00 |
Officer
|
$0 | $15,932 | $262,958 |
| ROBIN S DAMSCHRODER | TREASURER | 2.00 |
Officer
|
$0 | $64,536 | $3,410,190 |
| STEVEN B BENDER ESQ | SECRETARY (START 10/2024) | 2.00 |
Officer
|
$0 | $5,629 | $325,354 |
| K MICHAEL TREASH | SVP & COO | 55.00 |
Key Emp
|
$798,631 | $26,813 | $825,444 |
| CHARLES BLOOM DO | CMO | 55.00 |
Key Emp
|
$716,089 | $113,612 | $829,701 |
| MERRILL HAUSENFLUCK | CFO/ASST. TREASURER | 55.00 |
Key Emp
|
$664,026 | $97,688 | $761,714 |
| CHRISTINE HARDER | SR VP - NETWORK MGMT | 55.00 |
Key Emp
|
$414,437 | $71,967 | $486,404 |
| IRENA ANDREEVSKA | VP- CHIEF ACTUARY&UNDERWRITING | 60.00 |
Highest
|
$477,226 | $28,447 | $505,673 |
| MARC VANDERBURG | VP- ACCT RETENTION & SALES | 60.00 |
Highest
|
$423,636 | $27,364 | $451,000 |
| YVONNE T SESI | MEDICAL DIRECTOR-HCM | 60.00 |
Highest
|
$407,580 | $6,245 | $413,825 |
| ANNETTE M MARCATH | VP & CIO (THRU 4/2024) | 55.00 |
Highest
|
$421,285 | $19,887 | $441,172 |
| FRANK A BORSCHKE | MEDICAL DIRECTOR-HCM | 60.00 |
Highest
|
$407,599 | $41,087 | $448,686 |
| J DOUGLAS CLARK | FORMER TREASURER/INT. CFO | 0.00 |
|
$0 | $64,382 | $926,883 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,636,128,583 | $1,609,912,895 | $703,335,429 | $26,215,688 |
| 2023 | $1,621,970,158 | $1,622,285,296 | $668,623,512 | $-315,138 |
| 2022 | $1,566,077,953 | $1,509,906,316 | $614,290,528 | $56,171,637 |
| 2021 | $1,512,844,679 | $1,645,581,353 | $635,656,895 | $-132,736,674 |
| 2020 | $1,523,591,589 | $1,464,356,994 | $726,435,984 | $59,234,595 |
| 2019 | $1,510,727,877 | $1,493,376,572 | $611,708,865 | $17,351,305 |
| 2018 | $1,473,964,679 | $1,483,423,250 | $614,028,005 | $-9,458,571 |
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