MINNEAPOLIS, MN
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Sign In — Free (10 views/day)HEALTHPARTNERS INSTITUTE, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $52.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.
TO DISCOVER AND ACCELERATE THE USE OF KNOWLEDGE TO IMPROVE THE HEALTH AND HEALTHCARE OF OUR MEMBERS, PATIENTS, AND COMMUNITY.
I. CORPORATE STRUCTURE, PURPOSE, GOVERNANCE HEALTHPARTNERS INSTITUTE (THE INSTITUTE), FORMALLY KNOWN AS HEALTHPARTNERS INSTITUTE FOR EDUCATION & RESEARCH, IS A MINNESOTA NONPROFIT CORPORATION...
I. CORPORATE STRUCTURE, PURPOSE, GOVERNANCE HEALTHPARTNERS INSTITUTE (THE INSTITUTE), FORMALLY KNOWN AS HEALTHPARTNERS INSTITUTE FOR EDUCATION & RESEARCH, IS A MINNESOTA NONPROFIT CORPORATION RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(C)(3). IN 2016, PURSUANT TO A PLAN OF MERGER AND ARTICLES OF MERGER, PARK NICOLLET INSTITUTE, A MINNESOTA NONPROFIT CORPORATION, AND 501(C)(3) TAX EXEMPT ENTITY, MERGED INTO HEALTHPARTNERS RESEARCH & EDUCATION (DBA HEALTHPARTNERS INSTITUTE FOR EDUCATION AND RESEARCH), WITH HEALTHPARTNERS RESEARCH & EDUCATION AS THE SURVIVING CORPORATION. CONCURRENT WITH THE MERGER, WHICH WAS EFFECTIVE JANUARY 1, 2016, HEALTHPARTNERS INSTITUTE FOR EDUCATION & RESEARCH WAS RENAMED HEALTHPARTNERS INSTITUTE. THE INSTITUTE IS PART OF THE HEALTHPARTNERS ORGANIZATION "HEALTHPARTNERS." FOUNDED IN 1957, HEALTHPARTNERS IS AN INTEGRATED HEALTH CARE ORGANIZATION, PROVIDING HEALTH CARE SERVICES AND HEALTH PLAN FINANCING AND ADMINISTRATION. HEALTHPARTNERS' MISSION IS TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS, AND COMMUNITY. HEALTHPARTNERS SEEKS TO TRANSFORM HEALTH CARE THROUGH A RELENTLESS FOCUS ON THE TRIPLE AIM - PROVIDING EXCEPTIONAL EXPERIENCE FOR THE INDIVIDUAL, IMPROVING THE HEALTH OF THE POPULATION, AND MAINTAINING AFFORDABILITY. HEALTHPARTNERS, INC. (HPI) IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(C)(4) AND IS THE PARENT ENTITY OF HEALTHPARTNERS ORGANIZATIONS REFERRED TO COLLECTIVELY AS "HEALTHPARTNERS". HEALTHPARTNERS INCLUDES AN ARRAY OF TAX-EXEMPT AND TAXABLE ORGANIZATIONS. HEALTHPARTNERS PROVIDES A FULL RANGE OF HEALTH CARE DELIVERY AND HEALTH PLAN SERVICES INCLUDING INSURANCE, PATIENT CARE, ADMINISTRATION AND HEALTH AND WELL-BEING PROGRAMS. HEALTHPARTNERS HEALTH PLANS SERVE MORE THAN 1.8 MILLION MEDICAL AND DENTAL MEMBERS NATIONWIDE. HEALTHPARTNERS MEDICAL CARE SYSTEM INCLUDES MORE THAN 2,000 EMPLOYED PHYSICIANS AND DENTISTS, EIGHT OWNED HOSPITALS WITH OVER 1,000 ACUTE CARE BEDS, OVER 100 PRIMARY AND SPECIALTY CARE MEDICAL FACILITIES AND DENTAL FACILITIES WITH PRACTICES IN MINNESOTA AND WESTERN WISCONSIN SERVING MORE THAN 1.34 MILLION PATIENTS. HEALTHPARTNERS HEALTH PLANS CONTRACT WITH OTHER PRIMARY AND SPECIALTY MEDICAL FACILITIES AND DENTAL FACILITIES, PHYSICIAN GROUPS, HOSPITALS, AND RELATED HEALTHCARE PROVIDERS TO SERVE PLAN MEMBERS. HEALTHPARTNERS ALSO PROVIDES MEDICAL EDUCATION AND TRAINING TO MEDICAL PROFESSIONALS AND CONDUCTS RESEARCH AND FUNDRAISING ACTIVITIES THAT SUPPORT THE HEALTH CARE DELIVERY SYSTEM. HEALTHPARTNERS COLLABORATES WITH OTHER PLANS, CARE PROVIDERS AND OTHER COMMUNITY AND BUSINESS ORGANIZATIONS IN THE REGION AND THROUGHOUT THE NATION TO INCREASE ACCESS, CREATE AND SHARE QUALITY MEASURES AND INITIATIVES, PARTICIPATE IN DEVELOPMENT OF PUBLIC POLICY, AND COLLABORATE IN IMPROVEMENTS THAT SUPPORT THE TRIPLE AIM. AMONG HEALTHPARTNERS' SIGNATURE INITIATIVES ARE TOTAL COST OF CARE MEASUREMENTS (A NATIONALLY RECOGNIZED METRIC, ENABLING MEASUREMENT AND INCENTIVES BASED ON COORDINATION AND EVIDENCE-BASED PRACTICES), MENTAL HEALTH (REDUCING STIGMA, AND ASSURING ACCESS TO HIGH QUALITY CARE IN THE MOST APPROPRIATE SETTINGS), CHILDREN'S HEALTH (IMPROVING CHILD HEALTH BY PROMOTING EARLY BRAIN DEVELOPMENT, PROVIDING FAMILY CENTERED CARE, AND STRENGTHENING COMMUNITIES), EQUITY, INCLUSION, AND ANTI-RACISM (ADDRESSING HEALTH EQUITY, ELIMINATING HEALTH CARE DISPARITIES, INCREASING DIVERSITY AND INCLUSION IN OUR WORKPLACES, BUILDING AN ANTI-RACIST CULTURE, AND DEEPENING OUR COLLECTIVE UNDERSTANDING OF CULTURAL HUMILITY) AND SUSTAINABILITY (ENERGY EFFICIENCY, WASTE REDUCTION, AND RESOURCE MANAGEMENT). A COMPLETE LISTING OF ALL ORGANIZATIONS WITHIN HEALTHPARTNERS, AND THE RELATIONSHIP BETWEEN THEM, CAN BE FOUND ON SCHEDULE R WITHIN THIS 990 RETURN. DETAILED INFORMATION ABOUT THE COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF EACH TAX-EXEMPT ORGANIZATION CAN BE FOUND IN THE INDIVIDUAL FORM 990 RETURN FOR THAT ORGANIZATION. HEALTHPARTNERS, INC. (HPI) IS THE PARENT ENTITY OF HEALTHPARTNERS AND IS A MINNESOTA NONPROFIT CORPORATION AND LICENSED HEALTH MAINTENANCE ORGANIZATION (HMO) RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(4) AND IS THE SOLE CORPORATE MEMBER OF THE INSTITUTE. THE INSTITUTE IS RECOGNIZED AS A PUBLIC CHARITY UNDER IRC SECTION 509(A)(3) AS A SUPPORTING ORGANIZATION OF HPI, GROUP HEALTH PLAN, INC. (GHI), A MINNESOTA NONPROFIT CORPORATION AND LICENSED STAFF MODEL HMO, REGIONS HOSPITAL (REGIONS), A MINNESOTA NONPROFIT CORPORATION AND LICENSED HOSPITAL, AND TO ALL OTHER 501(C)(3) TAX EXEMPT ENTITIES THAT ARE CONTROLLED DIRECTLY OR INDIRECTLY BY HPI. BOTH GHI AND REGIONS ARE RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3). FOR INFORMATION ABOUT THE CHARITABLE AND COMMUNITY BENEFIT ACTIVITIES AND ACCOMPLISHMENTS OF THE INSTITUTE'S SUPPORTED ORGANIZATIONS, SEE THE FORM 990 ANNUAL FILINGS FOR EACH ENTITY. THE INSTITUTE WORKS WITH AND SUPPORTS CERTAIN ORGANIZATIONS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3) WITHIN HEALTHPARTNERS TO ACHIEVE THESE AIMS WITH MAXIMUM EFFICIENCY AND COLLABORATION. THE INSTITUTE'S MISSION IS "TO IMPROVE HEALTH AND WELL-BEING IN PARTNERSHIP WITH OUR MEMBERS, PATIENTS AND COMMUNITY." ITS VISION IS "HEALTH AS IT COULD BE, AFFORDABILITY AS IT MUST BE, THROUGH RELATIONSHIPS BUILT ON TRUST." THE INSTITUTE AND HEALTHPARTNERS WORK WITH HMOS, CARE PROVIDERS AND NONPROFIT ORGANIZATIONS THROUGHOUT THE REGION AND THE NATION TO INCREASE ACCESS FOR THE UNDERSERVED, CREATE AND DISSEMINATE RESEARCH AND CARE IMPROVEMENT INFORMATION, PARTICIPATE IN THE DEVELOPMENT OF PUBLIC POLICY AND MAXIMIZE SHARED RESOURCES FOR THE IMPROVEMENT OF THE HEALTH CARE SYSTEM AND THE COMMUNITY'S OVERALL HEALTH. THE INSTITUTE ALSO PROVIDES INFRASTRUCTURE AND RESOURCES TO SUPPORT RESEARCH AND CLINICAL QUALITY GOALS OF THE ORGANIZATION, WHICH INCLUDE THE FOLLOWING: NEEDS ASSESSMENT AND FEASIBILITY; MENTORING AND TRAINING; SCIENTIFIC AND HUMAN SUBJECTS REVIEW; REGULATORY COMPLIANCE AND REPORTING; GRANTS MANAGEMENT, INCLUDING APPLICATION PREPARATION AND SUBMISSION, CONTRACT AND AGREEMENT NEGOTIATION, FINANCE, BUDGET DEVELOPMENT AND IDENTIFICATION OF FUNDING SOURCES; PROTOCOL DEVELOPMENT AND RESEARCH DESIGN; MANUSCRIPT AND POSTER/PRESENTATION PREPARATION DATABASE DEVELOPMENT, DATA CLEANING, STATISTICS AND ANALYTICS, EVALUATION SERVICES, SURVEY REVIEW AND DESIGN, FOCUS GROUP FACILITATION; AND STUDY OPERATIONS SUPPORT, INCLUDING RECRUITMENT, CONSENTING, ENROLLING AND DATA COLLECTION/ENTRY. II. RESEARCH ACTIVITIES RESEARCH AT THE INSTITUTE IS DEDICATED TO IMPROVING HEALTH AND WELL-BEING FOR PATIENTS, MEMBERS AND THE COMMUNITY. IN 2023, INSTITUTE RESEARCHERS DISSEMINATED THE RESULTS OF THEIR RESEARCH BY PUBLISHING 450 ARTICLES, BOOKS AND BOOK CHAPTERS AND BY GIVING PAPER AND POSTER PRESENTATIONS AT NATIONAL AND INTERNATIONAL CONFERENCES. AN OVERVIEW OF RESEARCH FOCUS AREAS FOLLOWS. BEHAVIORAL HEALTH THE INSTITUTE'S BEHAVIORAL HEALTH RESEARCH PROGRAM IS A NATIONAL AND LOCAL MODEL FOR INTEGRATED RESEARCH AND PRACTICE. IT COLLABORATES IN STUDIES THAT GUIDE MAJOR IMPROVEMENTS IN BEHAVIORAL HEALTH CARE AND PLAYS A LEADERSHIP ROLE IN THE NATIONAL INSTITUTE OF MENTAL HEALTH-FUNDED MENTAL HEALTH RESEARCH NETWORK (MHRN). AREAS OF FOCUS INCLUDE PREDICTING AND PREVENTING SUICIDE; EVALUATING SMARTPHONE APPS FOR PEOPLE WITH DEPRESSION, ANXIETY OR BIPOLAR DISORDER; GUIDING PRIMARY CARE IN THE TREATMENT OF OPIOID USE DISORDER; IMPROVING DEPRESSION CARE IN PRIMARY CARE; AND OTHER MEDICAL CONDITIONS FOR PATIENTS WITH SERIOUS MENTAL ILLNESS. CARDIOVASCULAR HEALTH CARDIOVASCULAR DISEASE IS THE LEADING CAUSE OF DEATH GLOBALLY. RESEARCH TO IMPROVE CARDIOVASCULAR HEALTH IS CRITICAL FOR REDUCING THE HUMAN AND FINANCIAL TOLL ON OUR PATIENTS AND COMMUNITIES. OUR STUDIES IN CARDIOVASCULAR HEALTH INVOLVE MANY POPULATIONS INCLUDING CHILDREN, PREGNANT PEOPLE AND ADULTS. OUR CLINICAL STUDIES OF CARDIAC IMAGING, VALVULAR DISEASE AND CARDIAC ELECTROPHYSIOLOGY ARE INFORMING APPROACHES TO CARE. OUR HYPERTENSION RESEARCH PROGRAM IS ALSO WELL ESTABLISHED. WE HAVE PARTICIPATED IN SEVERAL LANDMARK MULTICENTER TRIALS FUNDED BY THE NATIONAL HEART, LUNG, AND BLOOD INSTITUTE TO UNDERSTAND RISK FACTORS AND OPTIMIZE TREATMENT FOR HYPERTENSION. WITH NEARLY HALF OF ADULTS LIVING WITH HYPERTENSION, INNOVATIVE APPROACHES TO IDENTIFY AND TREAT HYPERTENSION, SUCH AS THROUGH REMOTE BLOOD PRESSURE MONITORING, ARE CRITICAL.
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 | $52,624,063 | $46,063,276 | +0.1% |
| Expenses | $53,409,525 | $46,056,238 | +0.2% |
| Net Income | $-785,462 | $7,038 | -112.6% |
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 |
|---|---|---|---|---|---|---|
| BILL DOHERTY PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN CULICAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TASHA M GASTONY PA | DIRECTOR | 1.00 |
Director
|
$0 | $63,096 | $321,925 |
| DENIS CLOHISY MD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID LAGERSTROM | DIRECTOR & CHAIR | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| GLEN GUNDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRET C HAAKE MD | DIRECTOR | 1.00 |
Director
|
$0 | $113,054 | $843,622 |
| CARA M HULL | DIRECTOR | 1.00 |
Director
|
$0 | $69,580 | $660,219 |
| NICO P PRONK PHD | DIRECTOR & PRESIDENT | 42.00 |
Officer
Director
|
$0 | $141,287 | $654,030 |
| STEVEN JACKSON MD | DIRECTOR | 1.00 |
Director
|
$0 | $62,084 | $535,609 |
| PAHOUA YANG PHD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VIRGINIA L KAKACEK MD | DIRECTOR & VICE CHAIR (JULY-DEC) | 1.00 |
Officer
Director
|
$0 | $77,058 | $594,232 |
| ALITA RISINGER | DIRECTOR & CFO & TREASURER | 1.00 |
Officer
Director
|
$0 | $112,052 | $686,286 |
| PATRICK T COURNEYA | DIRECTOR & VICE CHAIR (JAN-JUNE) | 0.50 |
Officer
Director
|
$0 | $76,938 | $571,235 |
| NANCY L EVERT | BRD SCTRY - GNRL COUNSEL | 1.00 |
Officer
|
$0 | $238,674 | $1,049,946 |
| HEIDI G CONRAD | FORMER CFO | 0.00 |
|
$0 | $46,240 | $226,148 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $52,624,063 | $53,409,525 | $83,329,764 | $-785,462 |
| 2022 | $46,063,276 | $46,056,238 | $78,221,973 | $7,038 |
| 2021 | $47,741,048 | $41,701,223 | $92,324,263 | $6,039,825 |
| 2020 | $45,559,758 | $41,224,719 | $85,408,406 | $4,335,039 |
| 2019 | $46,592,529 | $45,421,997 | $75,133,860 | $1,170,532 |
| 2018 | $44,204,721 | $44,542,523 | $65,793,098 | $-337,802 |
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