HEARTLAND RURAL PHYSICIAN ALLIANCE INC

EIN: 455493195 501(c)(3)

WEST DES MOINES, IA

Total Revenue
N/A
Total Expenses
$45,665
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IA
Principal Officer
DR JEFFREY HOFFMAN
Phone
5152432000
Tax Period
2023-01-01 to 2023-11-30

Mission

TO PROMOTE AND PROVIDE ACCESS TO COST-EFFECTIVE AND EFFICIENT DELIVERY OF HEALTH CARE SERVICES TO PEOPLE LIVING OR WORKING IN RURAL IOWA AND NEBRASKA.

Program Service Accomplishments

Program 1
Expenses: $25,661

HEARTLAND RURAL PHYSICIAN ALLIANCE (HRPA) IPA IS THE ORGANIZING BODY WHICH ALLOWS INDEPENDENT RURAL PRACTICES AND HOSPITALS TO COME TOGETHER TO FUNCTION AS AN ACCOUNTABLE CARE ORGANIZATION (ACO). AT...

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HEARTLAND RURAL PHYSICIAN ALLIANCE (HRPA) IPA IS THE ORGANIZING BODY WHICH ALLOWS INDEPENDENT RURAL PRACTICES AND HOSPITALS TO COME TOGETHER TO FUNCTION AS AN ACCOUNTABLE CARE ORGANIZATION (ACO). AT THE BEGINNING OF 2016, HRPA PRACTICES BEGAN AN ACO AGREEMENT WITH WELLMARK BCBS, IOWA'S LARGEST COMMERCIAL INSURER. THE WELLMARK ACO GIVES PRACTICES ACCESS TO PATIENT AND CLAIMS DATA, AS WELL AS TECHNICAL SUPPORT AND ASSISTANCE TO IMPROVE THE QUALITY OF CARE PROVIDED TO PATIENTS. THE PARTICIPATION ALSO PROVIDES MANY OPPORTUNITIES FOR ADVANCED LEARNING REGARDING HOW TO BE ACCOUNTABLE FOR HEALTHCARE COSTS WHILE IMPROVING THE QUALITY OF CARE PROVIDED TO PATIENTS. THE ACO STRUCTURE ALLOWS FOR PRACTICES TO POTENTIALLY RECEIVE SHARED SAVINGS, WHICH HAS OCCURRED IN EACH YEAR OF OUR ACO PARTICIPATION. HEARTLAND'S WELLMARK ACO SERVES MORE THAN 6200 BENEFICIARIES, MAINLY IN RURAL IOWA. HRPA ALSO SUPPORTS THE ACTIVITIES OF HEARTLAND HEALTH ACO, A MEDICARE SHARED SAVINGS ACO THAT ATTEMPTS TO IMPROVE THE HEALTHCARE PROVIDED TO MEDICARE BENEFICIARIES AND LOWER OVERALL COSTS FOR THOSE BENEFICIARIES CARED FOR IN THE ACO PRACTICES, WHICH ARE ALL HEARTLAND RPA MEMBERS. HRPA PRACTICES HAVE BEEN ABLE TO SHOW EXCELLENT RESULTS ON CLINICAL QUALITY AND PATIENT SATISFACTION SCORES WHICH HAVE GENERALLY IMPROVED OVER PRIOR YEARS' RESULTS. HEARTLAND HEALTH ACO SERVES OVER 7700 MEDICARE BENEFICIARIES, MOSTLY IN RURAL IOWA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,661
Other Expenses $45,665
TOTAL EXPENSES $45,665

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $966,723 -1.0%
Expenses $45,665 $936,104 -1.0%
Net Income N/A $30,619 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE KAPPOS MD VOTING MEMBER 2.00
Director
$0 $0 $0
JEFFREY HOFFMANN DO SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
KEVIN DE REGNIER DO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
MATT SELLS VOTING MEMBER 2.00
Director
$0 $0 $0
PAUL DUDLEY VOTING MEMBER 2.00
Director
$0 $0 $0
STEVE RIPPENTROP VOTING MEMBER 2.00
Director
$0 $0 $0
BARRY JACOBSEN VOTING MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 No data $45,665 No data No data
2022 $966,723 $936,104 $53,178 $30,619
2021 $1,029,301 $1,055,008 $32,047 $-25,707
2020 $1,667,031 $1,687,482 $61,658 $-20,451
2019 $503,743 $460,809 $89,460 $42,934
2018 $879,729 $842,966 $28,667 $36,763
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