Banner-University Care Advantage

EIN: 463757358 501(c)(3) Health Care

PHOENIX, AZ

Total Revenue
$327,869,881
Total Expenses
$330,297,357
Total Assets
$92,979,184
Net Assets
$8,904,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AZ
Phone
6027474000
Tax Period
2023-01-01 to 2023-12-31

Banner-University Care Advantage, founded in 2013, is a major nonprofit in the Health Care sector that reported $327.9M in total revenue in fiscal year 2023.

Mission

BUCA SERVES A DIVERSE POPULATION AT ANY STAGE OF LIFE, CONCERNED FOR THE HEALTH AND WELLBEING OF THEIR FAMILIES, LOVED ONES, AND THEMSELVES. BUCA CREATES THE BEST EXPERIENCE EVER THROUGH CARE AND COVERAGE.

Program Service Accomplishments

Program 1
Expenses: $290,362,445 Revenue: $324,388,723

BANNER-UNIVERSITY ("CARE ADVANTAGE") HOLDS A CONTRACT WITH THE CENTERS FOR MEDICARE & MEDICAID SERVICES FOR THE OPERATION OF A MEDICARE ADVANTAGE PRESCRIPTION DRUG HEALTH PLAN. THE PLAN IS A...

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BANNER-UNIVERSITY ("CARE ADVANTAGE") HOLDS A CONTRACT WITH THE CENTERS FOR MEDICARE & MEDICAID SERVICES FOR THE OPERATION OF A MEDICARE ADVANTAGE PRESCRIPTION DRUG HEALTH PLAN. THE PLAN IS A QUALIFIED PLAN UNDER MEDICARE TO PROVIDE COVERAGE TO CERTAIN ENROLLEES WHO QUALIFY AS PART OF A SPECIAL NEEDS POPULATION, WHO ARE DUALLY ELIGIBLE FOR BOTH MEDICARE AND MEDICAID BENEFITS. CARE ADVANTAGE PROMOTES THE HEALTH OF THE COMMUNITY BY ENGAGING THE FOLLOWING: (1) THE PROVISION OF EDUCATION PROGRAMS REGARDING THE BENEFITS PROVIDED BY CARE ADVANTAGE TO ENROLLEES; (2) COUNSELING AND THE PROVISION OF ASSISTANCE TO ENROLLEES MAKING THE TRANSITION TO A NETWORK-BASED MANAGED CARE PLAN; (3) THE PROVISION OF PREVENTATIVE HEALTHCARE PROGRAMS FOR CARE ADVANTAGE ENROLLEES; (4) THE COORDINATION OF HEALTHCARE SERVICES AMONG PROVIDERS IN THE CARE ADVANTAGE PROVIDER NETWORK; AND (5) THE FACILITATION OF ACCESS TO THE CARE ADVANTAGE PROVIDER NETWORK. CARE ADVANTAGE HAS WORKED DILIGENTLY TO DEVELOP AND MAINTAIN A COMPREHENSIVE PROVIDER NETWORK WHICH PROVIDES A FOUNDATION THAT SUPPORTS BOTH INDIVIDUAL MEMBER NEEDS AS WELL AS CARE ADVANTAGE'S MEMBERSHIP IN ITS 10 COUNTY SERVICE AREAS. CARE ADVANTAGE CONTINUALLY STRIVES TO HAVE A HIGH QUALITY CONTRACTED PROVIDER NETWORK THAT EXCEEDS ACCESSIBILITY REQUIREMENTS ISSUED BY REGULATORY AUTHORITIES, IS SERVICE FOCUSED, AND CULTURALLY DIVERSE IN ORDER TO MEET MEMBER NEEDS, BOTH IMMEDIATE AS WELL AS LONG RANGE. CARE ADVANTAGE MAINTAINS A FULLY STAFFED SERVICE CENTER THAT MEMBERS CAN ACCESS IN ORDER TO OBTAIN GUIDANCE ON ACCESSING NEEDED CARE. THE SERVICE CENTER CAN BE ACCESSED AT 877-874-3930. CARE ADVANTAGE CONTRACTS WITH BANNER HEALTH (BH) FOR BH TO PROVIDE PRIMARY HEALTH CARE SERVICES TO CARE ADVANTAGE'S ENROLLEES. BH PROVIDES ALMOST ALL OF THESE SERVICES AT ITS CLINICS THROUGH ITS EMPLOYED HEALTH CARE PROVIDERS. CARE ADVANTAGE ALSO CONTRACTS WITH INDEPENDENT PHYSICIANS ENGAGED IN THE PRIVATE PRACTICE OF MEDICINE TO PROVIDE PRIMARY AND SPECIALTY HEALTH CARE SERVICES TO CARE ADVANTAGE'S ENROLLEES AT THE PHYSICIANS' OWN FACILITIES ON A NON-EXCLUSIVE BASIS. IN ADDITION, CARE ADVANTAGE HAS NEGOTIATED WITH SEVERAL UNRELATED HOSPITALS TO PROVIDE INPATIENT AND OUTPATIENT HOSPITAL SERVICES TO CARE ADVANTAGE'S ENROLLEES. CARE ADVANTAGE ENSURES THAT ENROLLED BENEFICIARIES ARE ADEQUATELY INFORMED ABOUT THEIR HEALTH CARE BENEFITS, PROVIDING COUNSELING AND ASSISTANCE IN MAKING THE TRANSITION TO MANAGED CARE. CARE ADVANTAGE EDUCATES BENEFICIARIES REGARDING ACCESS TO HEALTH CARE, PROVIDING DIRECTION AS TO THE APPROPRIATE UTILIZATION OF HEALTH CARE FACILITIES AND ENCOURAGING THE USE OF PREVENTIVE HEALTH CARE MEASURES. CARE ADVANTAGE ALSO ENSURES THAT ENROLLED MEDICAID BENEFICIARIES OBTAIN APPROPRIATE HEALTH CARE BY ENSURING THAT PROVIDERS ARE AVAILABLE AND THAT SERVICES WILL BE PROVIDED IN A COORDINATED MANNER.

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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 $324,388,723
Investment Income $3,481,158
Other Revenue $0
TOTAL REVENUE $327,869,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,277,613
Fundraising Expenses $0
Program Expenses $290,362,445
Other Expenses $315,019,744
TOTAL EXPENSES $330,297,357

Year-over-Year Comparison

2023 2022 Change
Revenue $327,869,881 $308,611,711 +0.1%
Expenses $330,297,357 $329,507,370 +0.0%
Net Income $-2,427,476 $-20,895,659 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
2
Employees
N/A
Volunteers
N/A

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
6
$7,452,959
Total Directors
7
$5,567,198
Key Employees
7
$3,268,021
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/DIVISION PRESIDENT 2.0
Officer Director
$0 $331,975 $1,455,961
N/A DIRECTOR/CHAIRMAN (THRU 03/23) 2.0
Officer Director
$0 $11,219 $1,956,159
N/A Director/Vice President/CEO 20.0
Officer Director
$0 $204,995 $1,036,412
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $38,077 $631,897
N/A DIRECTOR 2.0
Director
$0 $57,400 $486,769
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A Secretary/Assistant General Counsel 2.0
Officer
$0 $21,992 $272,806
N/A TREASURER/VP FINANCE 20.0
Officer
$0 $211,199 $1,039,480
N/A SECRETARY 2.0
Officer
$0 $604,280 $1,692,141
N/A VICE PRESIDENT/CMO 20.0
Key Emp
$0 $171,058 $986,286
N/A VICE PRESIDENT ASO ADMINISTRATOR 20.0
Key Emp
$0 $83,330 $516,662
N/A Executive Director, IT INSURANCE DIVISION 20.0
Key Emp
$0 $15,365 $390,186
N/A Executive Director, STRATEGY 40.0
Key Emp
$0 $30,513 $380,086
N/A Executive Director, CFO Medicaid 20.0
Key Emp
$0 $23,329 $275,535
N/A Executive Director, CFO Medicaid 20.0
Key Emp
$0 $20,134 $319,505
N/A Executive Director, CHIEF ACTUARY 20.0
Key Emp
$0 $41,622 $399,761
N/A SENIOR DIRECTOR/CMO 20.0
Highest
$0 $42,099 $443,284
N/A SENIOR DIRECTOR/MEDICAL SALES 40.0
Highest
$0 $10,930 $409,208
N/A SENIOR MEDICAL DIRECTOR/INSURANCE 20.0
Highest
$0 $9,997 $383,090
N/A SENIOR DIRECTOR/CMO 20.0
Highest
$0 $36,042 $539,391
N/A SENIOR DIRECTOR/CMO 20.0
Highest
$0 $18,484 $497,110
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
2024 No data No data No data No data
2023 $327,869,881 $330,297,357 $92,979,184 $-2,427,476
2022 $308,611,711 $329,507,370 $128,924,977 $-20,895,659
2021 $318,721,179 $314,563,744 $98,937,833 $4,157,435
2020 $311,923,714 $304,619,598 $93,606,142 $7,304,116
2019 $283,776,679 $275,352,410 $111,462,125 $8,424,269
2018 $188,607,689 $189,621,603 $70,015,285 $-1,013,914
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