WEST DES MOINES, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTLAND HEALTH ACO INC, founded in 2018, is a micro nonprofit that reported $59K in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring.
1. TO PROMOTE AND PROVIDE ACCESS TO COST-EFFECTIVE AND EFFICIENT DELIVERY OF HEALTH CARE SERVICES TO PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA; 2. TO DEVELOP AND IMPLEMENT EFFECTIVE METHODS AND MEASURES TO PROMOTE THE PROPER UTILIZATION OF HEALTH CARE SERVICES BY PROVIDERS AND BY PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA; 3. TO DEVELOP AND IMPLEMENT EFFECTIVE METHODS AND MEASURES TO IMPROVE THE QUALITY OF HEALTH CARE SERVICES FOR PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA; 4. TO DEVELOP AN ORGANIZATION IN WHICH AND WITH WHICH PHYSICIANS AND OTHER HEALTH CARE PROVIDERS CAN WORK COOPERATIVELY TO OFFER COST-EFFECTIVE AND EFFICIENT DELIVERY OF AND ACCESS TO HEALTH SERVICES TO PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA, INCLUDING BUT NOT LIMITED TO OFFERING TO CONTRACT FOR HEALTH CARE SERVICES ON THE BASIS OF FINANCIAL OR OTHER RISK SHARING; 5. TO MARKET ONE OR MORE COMPETITIVE HEALTH DELIVERY PLANS OR PROGRAMS TO SERVE EMPLOYERS AND PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA; 6. TO PROVIDE A MEANS BY WHICH PHYSICIANS AND OTHER HEALTH CARE PROVIDERS IN IOWA AND/OR NEBRASKA CAN MEET THE NEEDS OF PEOPLE LIVING OR WORKING IN IOWA AND/OR NEBRASKA FOR HEALTH CARE IN A CHANGING HEALTH CARE SYSTEM; 7. TO CONDUCT ANY AND ALL BUSINESS ACTIVITIES RELATED TO OR BENEFICIAL TO ONE OR MORE OF ITS OTHER CORPORATE PURPOSES. 8. TO HAVE AND TO EXERCISE ANY AND ALL POWERS, RIGHTS, PRIVILEGES WHICH A CORPORATION ORGANIZED UNDER CHAPTER 504 OF THE CODE OF IOWA MAY NOW OR HEREAFTER HAVE OR EXERCISE.
HEARTLAND HEALTH ACO WAS ORGANIZED IN 2018, WENT THROUGH THE MSSP ACO APPLICATION PROCESS WITH CMS, WAS APPROVED AND BEGAN OPERATIONS AS A MEDICARE SHARED SAVINGS ACO ON JULY 1, 2019. MANY OF THE...
HEARTLAND HEALTH ACO WAS ORGANIZED IN 2018, WENT THROUGH THE MSSP ACO APPLICATION PROCESS WITH CMS, WAS APPROVED AND BEGAN OPERATIONS AS A MEDICARE SHARED SAVINGS ACO ON JULY 1, 2019. MANY OF THE MEMBER PRACTICES HAD SOME PREVIOUS ACO EXPERIENCE, BUT THIS WAS A NEW COMBINATION OF PRACTICES UNDER HHACO. THE ACO BOARD AS WELL AS THE COMPLIANCE AND QUALITY/MEDICAL MANAGEMENT COMMITTEES WERE FORMED, POLICIES AND PROCEDURE WERE DEVELOPED AND ADOPTED, AND THE WORK ON THE ACO BEGAN.WORK BEGAN TO IMPROVE QUALITY OF CARE PROVIDED TO MEDICARE BENEFICIARIES, WITH PRACTICES GETTING CONNECTED TO OUR POPULATION HEALTH PLATFORM, THE GARAGE, IN ORDER TO TRACK AND IMPROVE QUALITY OF CARE. ADDITIONALLY, WE BEGAN TO RECEIVE CLAIMS DATA FROM CMS, WHICH WAS ALSO LOADED INTO THE GARAGE FOR PRACTICES TO BEGIN TO USE TO ADDRESS COST. MONTHLY CALLS/MEETINGS WERE HELD WITH PRACTICES TO DIRECT AND SUPPORT THE COST AND QUALITY WORK. EDUCATION WAS PROVIDED TO PRACTICES TO IMPROVE PERFORMANCE. THE HHACO CONTRACT WITH CMS RUNS THROUGH DECEMBER 31, 2024.
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 | $58,664 | $243,358 | -0.8% |
| Expenses | $59,832 | $249,858 | -0.8% |
| Net Income | $-1,168 | $-6,500 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| GEORGE KAPPOS MD | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ARLINDA MCKEEN | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN DE REGNIER DO | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WOODS MD | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARRY JACOBSEN | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC MILLER | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL DUDLEY | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN DERONDE | VOTING MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $58,664 | $59,832 | No data | $-1,168 |
| 2022 | $243,358 | $249,858 | $9,483 | $-6,500 |
| 2021 | $274,061 | $279,461 | $39,723 | $-5,400 |
| 2020 | $288,722 | $313,722 | $45,144 | $-25,000 |
| 2019 | $129,852 | $129,832 | $25,847 | $20 |
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