KEYSTONE HEALTH INFORMATION EXCHANGE INC

EIN: 464359893 501(c)(3) Health Care

DANVILLE, PA

Total Revenue
$6,114,692
Total Expenses
$6,520,228
Total Assets
$2,732,998
Net Assets
$1,410,036
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
PA
Principal Officer
MIKE ANGELAKOS DRPH MBA
Phone
5702716624
Tax Period
2023-01-01 to 2023-12-31

KEYSTONE HEALTH INFORMATION EXCHANGE INC, founded in 2013, is a community nonprofit in the Health Care sector that reported $6.1M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

KEYSTONE HEALTH INFORMATION EXCHANGE, INC., (DBA KEYHIE), SERVES TO ENHANCE HEALTHCARE DELIVERY THROUGH A COLLABORATIVE PLATFORM THAT PROVIDES A TIMELY AND SECURE PATIENT-FOCUSED EXCHANGE OF MEANINGFUL HEALTH INFORMATION.

Program Service Accomplishments

Program 1
Expenses: $6,378,609 Revenue: $5,414,692

KEYSTONE HEALTH INFORMATION EXCHANGE, INC. ("KEYHIE"), A 501(C)(3) TAX- EXEMPT ORGANIZATION, WAS INCORPORATED IN DECEMBER 2013 IN SUPPORT OF GEISINGER HEALTH ("GH"), A 501(C)(3) TAX EXEMPT...

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KEYSTONE HEALTH INFORMATION EXCHANGE, INC. ("KEYHIE"), A 501(C)(3) TAX- EXEMPT ORGANIZATION, WAS INCORPORATED IN DECEMBER 2013 IN SUPPORT OF GEISINGER HEALTH ("GH"), A 501(C)(3) TAX EXEMPT ORGANIZATION, AND THE PARENT OF GEISINGER. KEYHIE WAS FORMED TO DEVELOP AND OPERATE A REGIONAL HEALTH INFORMATION SHARING NETWORK FOR USE BY LICENSED HEALTHCARE PROVIDERS WHEN TREATING PATIENTS THAT HAVE MEDICAL RECORDS HELD WITHIN THE PARTICIPATING HEALTHCARE ORGANIZATIONS. KEYHIE IS A HEALTH INFORMATION ORGANIZATION ("HIO"), WHICH IS A MULTI-STAKEHOLDER ORGANIZATION CREATED TO FACILITATE A HEALTH INFORMATION EXCHANGE ("HIE"): THE TRANSFER OF HEALTHCARE INFORMATION ELECTRONICALLY ACROSS ORGANIZATIONS AMONG STAKEHOLDERS OF THAT REGION'S HEALTHCARE SYSTEM. THE ULTIMATE OBJECTIVE IS TO IMPROVE THE SAFETY, QUALITY, AND EFFICIENCY OF HEALTHCARE AS WELL AS ACCESS TO HEALTHCARE THROUGH THE EFFICIENT APPLICATION OF HEALTH INFORMATION TECHNOLOGY. HIOS ARE ALSO INTENDED TO SUPPORT SECONDARY USE OF CLINICAL DATA FOR RESEARCH AS WELL AS INSTITUTION/PROVIDER QUALITY ASSESSMENT AND IMPROVEMENT. KEYHIE SUPPORTS EXCHANGE OF ELECTRONIC HEALTH INFORMATION FOR ALL PERMITTED PURPOSES UNDER HIPAA INCLUDING TREATMENT, PAYMENT, AND HEALTH CARE OPERATIONS. KEYHIE'S GOAL IS TO ENABLE THE SECURE EXCHANGE OF HEALTH INFORMATION AMONG THE CORPORATION'S MEMBERS AND OTHER PARTICIPANTS SO THAT THE CORPORATION'S MEMBERS AND PARTICIPANTS WILL BE ABLE TO DELIVER AFFORDABLE, HIGH QUALITY, CONVENIENT AND EFFICIENT HEALTHCARE THROUGHOUT PENNSYLVANIA AND THEREBY LESSEN THE BURDENS OF GOVERNMENT. AS OF DECEMBER 2023 KEYHIE'S MEMBERSHIP INCLUDED 254 HEALTHCARE ORGANIZATIONS REPRESENTING 37 HOSPITALS, 390 PHYSICIAN PRACTICES, 78 LONG TERM CARE CENTERS, 24 HOME HEALTH AGENCY LOCATIONS, 13 PHARMACIES, 2 EMS LOCATIONS, 39 URGENT CARE FACILITIES, AND 7 INSURANCE PAYORS. GEISINGER IS A PHYSICIAN-LED, INTEGRATED HEALTH SERVICES ORGANIZATION THAT HAS AS ITS MAIN COMPONENTS: 1. NUMEROUS HEALTH SERVICE FACILITIES, INCLUDING EIGHT ACUTE CARE HOSPITALS WITH MULTIPLE CAMPUSES AND JOINT VENTURE FACILITIES; 2. A MULTISPECIALTY PHYSICIAN GROUP PRACTICE WITH APPROXIMATELY 1,700 PHYSICIANS AND 1,200 ADVANCED PRACTITIONERS PRACTICING AT PRIMARY AND SPECIALTY CLINICS, HOSPITALS AND OTHER CLINICAL FACILITIES; 3. GEISINGER HEALTH PLANS ("GHPS"), INCLUDING GEISINGER HEALTH PLAN, GEISINGER INDEMNITY INSURANCE COMPANY AND GEISINGER QUALITY OPTIONS, INC. WITH COMMERCIAL, MEDICARE ADVANTAGE, MEDICAID AND SELF-INSURED INSURANCE PRODUCTS; AND 4. GEISINGER COMMONWEALTH SCHOOL OF MEDICINE THAT EDUCATES APPROXIMATELY 464 MEDICAL STUDENTS, GEISINGER SCHOOL OF GRADUATE STUDIES THAT EDUCATES 122 GRADUATE STUDENTS, AND 70 NURSING STUDENTS IN THE GEISINGER SCHOOL OF NURSING. GEISINGER OPERATES ACROSS PENNSYLVANIA COUNTIES, WITH THE MOST CONCENTRATED CLINICAL PRESENCE IN CENTRAL AND NORTHEASTERN PENNSYLVANIA, OUTSIDE THE MAJOR METROPOLITAN AREAS. FOR THE TRAILING TWELVE MONTHS ENDED DECEMBER 31, 2023, GEISINGER CARED FOR A POPULATION OF APPROXIMATELY 1,167,000 PEOPLE, A DECREASE OF 0.2% VERSUS THE YEAR-EARLIER PERIOD. THIS POPULATION INCLUDED 859,000 PATIENTS RECEIVING CARE IN THE TRAILING TWELVE MONTHS AND MORE THAN 578,000 GHPS MEMBERS, A 5.5% DECREASE VERSUS THE YEAR EARLIER PERIOD, INCLUDING THE MEMBERSHIP IMPACT FROM MEDICAID REDETERMINATION. THE POPULATION CONTAINED APPROXIMATELY 270,000 PEOPLE INCLUDED AS BOTH GEISINGER PATIENTS AND MEMBERS. GEISINGER'S MISSION OF ENHANCING THE QUALITY OF LIFE THROUGH THE INTEGRATED HEALTH SERVICE ORGANIZATION IS BASED UPON A BALANCED PROGRAM OF PATIENT CARE, EDUCATION, RESEARCH, AND COMMUNITY SERVICE. KEYHIE SUPPORTS THIS MISSION THROUGH COLLABORATION WITH OTHER HEALTHCARE ORGANIZATIONS BY IMPROVING THE ACCESS TO HEALTH INFORMATION TECHNOLOGY TOOLS FOR ALL PROVIDERS IN THE GEISINGER SERVICE AREA, AND IMPROVING THE EXCHANGE OF HEALTHCARE INFORMATION WHEN PATIENTS TRANSITION FROM ONE SETTING TO ANOTHER. AT ITS CORE, KEYHIE LINKS TOGETHER PATIENT RECORDS FROM MULTIPLE, DISPARATEHEALTHCARE ORGANIZATIONS SO INFORMATION FROM THESE ORGANIZATIONS ABOUT EACH PATIENT CAN BE PULLED TOGETHER INTO A SINGLE PATIENT-CENTERED VIEW. NOT ONLY IS THIS CRITICAL FOR GOOD PATIENT CARE, BUT IT CAN ALSO ASSIST (AFTER APPROPRIATE PATIENT CONSENTS AND LEGAL CONTRACTS) WITH IRB- APPROVED ("INSTITUTIONAL REVIEW BOARD") RESEARCH AND CONTRACTED ANALYTIC REPORTING FOR ACCOUNTABLE CARE ORGANIZATIONS AND OTHER POPULATION HEALTH REPORTING.

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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 $700,000
Program Service Revenue $5,414,361
Investment Income $0
Other Revenue $331
TOTAL REVENUE $6,114,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,378,609
Other Expenses $6,520,228
TOTAL EXPENSES $6,520,228

Year-over-Year Comparison

2023 2022 Change
Revenue $6,114,692 $5,193,867 +0.2%
Expenses $6,520,228 $5,952,811 +0.1%
Net Income $-405,536 $-758,944 -0.5%
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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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
1
Employees
N/A
Volunteers
1

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
4
$7,120,548
Total Directors
5
$3,703,840
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN V ROBERTS MBA CPA EVP, CFO, TR N/A
Officer
$0 $60,007 $3,648,273
MATTHEW WALSH CHAIR,PRES,C N/A
Officer Director
$0 $314,234 $1,814,302
STEVEN B BENDER ESQUIRE EVP, CLO, SE N/A
Officer
$0 $246,564 $1,255,549
JOHN B BULGER DO DIRECTOR N/A
Director
$0 $124,919 $875,517
ANDREW BOELL DO MS-HQSM CHIE FHM DIRECTOR N/A
Director
$0 $54,748 $512,118
BENJAMIN A HOHMUTH MD VICE CHAIR, N/A
Director
$0 $57,075 $501,903
LORI R GRAMLEY ESQUIRE ACLO, ASST. N/A
Officer
$0 $47,949 $402,424
JIGNESH Y SHETH MD MPH DIRECTOR 0.25
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
2024 No data No data No data No data
2023 $6,114,692 $6,520,228 $2,732,998 $-405,536
2022 $5,193,867 $5,952,811 $957,839 $-758,944
2021 $6,255,680 $6,588,942 $1,752,407 $-333,262
2020 $3,599,592 $3,057,993 $1,605,905 $541,599
2020 $4,782,860 $6,437,370 $142,333 $-1,654,510
2019 $4,224,539 $4,695,191 $65,865 $-470,652
2018 $3,820,687 $3,704,673 $491,541 $116,014
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