HEARTLAND PHYSICIANS ACO INC

EIN: 474080884 501(c)(3)

WEST DES MOINES, IA

Total Revenue
$424,304
Total Expenses
$390,600
Total Assets
$33,804
Net Assets
$33,704
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IA
Principal Officer
DON KLITGAARD MD
Phone
5154404555
Tax Period
2019-01-01 to 2019-12-31

HEARTLAND PHYSICIANS ACO INC, founded in 2015, is a small nonprofit that reported $424K in total revenue in fiscal year 2019. Expenses of $391K left a modest 8% surplus.

Mission

TO PROVIDE BETTER CARE FOR INDIVIDUALS, BETTER HEALTH FOR POPULATIONS, AND REDUCED GROWTH IN MEDICAL EXPENDITURES.

Program Service Accomplishments

Program 1
Expenses: $385,727 Revenue: $424,304

THROUGH JUNE 30, 2019, HEARTLAND PHYSICIANS ACO SUCCESSFULLY COMPLETED THE FOURTH PERFORMANCE YEAR OF MSSP ACO PARTICIPATION, WORKING TO IMPROVE THE QUALITY OF CARE PROVIDED TO OUR MEDICARE...

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THROUGH JUNE 30, 2019, HEARTLAND PHYSICIANS ACO SUCCESSFULLY COMPLETED THE FOURTH PERFORMANCE YEAR OF MSSP ACO PARTICIPATION, WORKING TO IMPROVE THE QUALITY OF CARE PROVIDED TO OUR MEDICARE BENEFICIARIES WHILE ALSO ADDRESSING HEALTHCARE COSTS. WE HELD AN ANNUAL SPRING EDUCATIONAL MEETING, TWO IN-PERSON LEARNING COLLABORATIVES FOR PRACTICE TEAMS (THE PROVIDERS, NURSES, ADMINISTRATORS, AND SUPPORT STAFF) INVOLVED IN THE ACO, AND NUMEROUS IN-PERSON AND WEB-BASED EDUCATIONAL SESSIONS FOR PROVIDERS AND STAFF. MOST PRACTICES ALSO COMPLETED A SUBSTANTIAL QUALITY IMPROVEMENT PROJECT. WE CONTINUED REFINEMENT OF SECURE AND EFFECTIVE COMMUNICATION WITH PRACTICES AND PROVIDERS TO GET THE RESULTS OF OUR CMS CLAIMS DATA ANALYSIS INTO THE HANDS OF THE PRACTICE TEAMS TO SUPPORT QUALITY AND PROCESS IMPROVEMENT IN THE OFFICES. IN 2019 WE TRANSITIONED TO USING A POPULATION HEALTH PLATFORM CALLED THE GARAGE TO COLLECT, ANALYZE, AND REPORT QUALITY AND COST DATA TO OUR ACO PRACTICES. WE TRACK BOTH QUALITY AND COST DATA IN EACH PRACTICE AND ACROSS THE ENTIRE ACO, UTILIZING THE ACO QUALITY AND MEDICAL MANAGEMENT COMMITTEE, AS WELL AS THE ACO BOARD OF DIRECTORS TO GUIDE THE WORK OF THE ACO. WE SUCCESSFULLY COMPLETED THE INITIAL GPRO AUDIT OF QUALITY DATA, AND USED THESE RESULTS TO SET ACO QUALITY IMPROVEMENT GOALS FOR NEXT YEAR. WE COMPLETED THE REQUIRED CAPHS SURVEY OF PATIENT EXPERIENCE, AND ALSO USED THESE RESULTS TO GUIDE OUR PRACTICE IMPROVEMENT EFFORTS MOVING FORWARD. OUR ON-SITE AND WEBINAR SESSIONS WITH EACH PRACTICE ADDRESSED IMPORTANT TOPICS SUCH AS TELEMEDICINE, QUALITY MEASURES AND IMPROVEMENT EFFORTS, INTERPRETING AND USING COST DATA, UNDERSTANDING RISK ASSESSMENT AND CODING IN VALUE-BASED PURCHASING, ETC. WE ALSO HELD MONTHLY PHONE CONFERENCES WITH EACH PRACTICE TO SUPPORT AND DIRECT THEIR ACO EFFORTS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $424,304
Investment Income $0
Other Revenue $0
TOTAL REVENUE $424,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $385,727
Other Expenses $390,600
TOTAL EXPENSES $390,600

Year-over-Year Comparison

2019 2018 Change
Revenue $424,304 N/A N/A
Expenses $390,600 $770,970 -0.5%
Net Income $33,704 $-770,970 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
6

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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER BABE VOTING MEMBE 1.00
Director
$0 $0 $0
KEVIN DE REGNIER DO VOTING MEMBE 1.00
Director
$0 $0 $0
DON KLITGAARD MD CHAIRMAN 2.00
Officer Director
$0 $0 $0
GEORGE KAPPOS MD VOTING MEMBE 1.00
Director
$0 $0 $0
MICHAEL WOODS MD VOTING MEMBE 1.00
Director
$0 $0 $0
ARLINDA MCKEEN VOTING MEMBE 1.00
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
2019 $424,304 $390,600 $33,804 $33,704
2018 No data $770,970 $1,647 No data
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