LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ALTAMED HEALTH SERVICES CORPORATION, founded in 1970, is a large national nonprofit in the Health Care sector that reported $1.5B in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.4B left a modest 6% surplus.
TO ELIMINATE DISPARITIES IN HEALTH CARE ACCESS AND OUTCOMES BY PROVIDING SUPERIOR QUALITY HEALTH AND HUMAN SERVICES THROUGH AN INTEGRATED WORLD-CLASS DELIVERY SYSTEM FOR LATINO, MULTI-ETHNIC UNDERSERVED COMMUNITIES IN SOUTHERN CALIFORNIA.
MEDICAL & DENTAL SERVICES ALTAMED OPERATES 38 PRIMARY CARE AND DENTAL CLINICS IN LOS ANGELES COUNTY (29 CLINICS) AND ORANGE COUNTY (9 CLINICS), IN ADDITION TO TWO MOBILE UNITS THAT OFFER MEDICAL...
MEDICAL & DENTAL SERVICES ALTAMED OPERATES 38 PRIMARY CARE AND DENTAL CLINICS IN LOS ANGELES COUNTY (29 CLINICS) AND ORANGE COUNTY (9 CLINICS), IN ADDITION TO TWO MOBILE UNITS THAT OFFER MEDICAL, DENTAL, AND COMMUNITY OUTREACH SERVICES. IN 2023, ALTAMED PROVIDED A MEDICAL HOME TO OVER 275,000 PATIENTS RESIDING PRIMARILY IN HISTORICALLY UNDERINVESTED IMMIGRANT COMMUNITIES IN WHICH ITS RESIDENTS FACE STUBBORN OBSTACLES TO CARE AND POSITIVE HEALTH OUTCOMES INCLUDING DISPROPORTIONATELY HIGHER CHRONIC DISEASE BURDENS. OVER 65,000 CHILDREN AND ADULTS ACCESSED ORAL HEALTH SERVICES THROUGH ALTAMED'S 10 DENTAL CLINICS, 2 MOBILE MEDICAL/DENTAL UNIT, AND 6 PORTABLE ORAL HEALTH UNITS THAT PROVIDED ORAL EXAMS, FLUORIDE TREATMENTS, PROPHYLAXIS, RESTORATIVE SERVICES, REHABILITATIVE SERVICES, EXTRACTIONS/OTHER SURGERY PROCEDURES, SEALANTS, AND EMERGENCY SERVICES. INDEPENDENT PROVIDERS CONTRACTED THROUGH ALTAMED'S INDEPENDENT PRACTICE ASSOCIATION (IPA) AND PRACTICING IN ALTAMED CATCHMENT AREAS ALSO SERVED AN ADDITIONAL 87,000 PATIENTS THROUGHOUT LOS ANGELES AND ORANGE COUNTIES IN 2023. THESE PATIENTS SERVED OUTSIDE OF ALTAMED CLINIC WALLS RECEIVED CARE AND COORDINATION THROUGH AN ALTAMED IPA PHYSICIAN NETWORK THAT INCLUDES PRIMARY CARE PHYSICIANS, SPECIALISTS AND SUB-SPECIALISTS--INCLUDING DENTISTRY, INFECTIOUS DISEASES, PEDIATRIC ENDOCRINOLOGY, AND PSYCHIATRYAND ANCILLARY SERVICE PROVIDERS SUCH AS SKILLED NURSING FACILITIES, RADIOLOGY, HOME HEALTH, HOSPICE, URGENT CARE, PHYSICAL THERAPY, AND PHARMACIES.
SENIOR SERVICES ALTAMED'S 11 PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SITES ALLOW OVER 4,000 NURSING-HOME ELIGIBLE FRAIL AND ELDERLY SENIORS AND DISABLED ADULTS TO CONTINUE SAFELY LIVING...
SENIOR SERVICES ALTAMED'S 11 PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SITES ALLOW OVER 4,000 NURSING-HOME ELIGIBLE FRAIL AND ELDERLY SENIORS AND DISABLED ADULTS TO CONTINUE SAFELY LIVING IN THEIR COMMUNITIES. PACE'S UNIQUELY INTEGRATIVE MODEL ADDRESSES PARTICIPANTS' COMPLEX AND COMPREHENSIVE MEDICAL AND SOCIAL NEEDS BY SURROUNDING THE PACE MEMBER WITH A TEAM OF INTERDISCIPLINARY, CULTURALLYRESPONSIVE CARE PROVIDERS THAT INCLUDE PHYSICIANS, NURSES, PHARMACISTS, SOCIAL WORKERS, NUTRITIONISTS, THERAPISTS, AND HEALTH EDUCATORS. SERVICES INCLUDE PRIMARY CARE/GERIATRIC MEDICINE, NURSING CARE, REHABILITATION THERAPY, FAMILY SUPPORT INTERVENTIONS, COUNSELING, MEDICATION MANAGEMENT, NUTRITION EDUCATION, SOCIAL ACTIVITIES, AND "DOOR THROUGH DOOR" TRANSPORTATION SERVICES TO PARTICIPANTS' HOMES AND TO SPECIALTY CARE MEDICAL APPOINTMENTS. COORDINATED SERVICES ENSURE THE MEMBER CONTINUES TO ENJOY THE BENEFITS AND COMFORTS OF AGING IN PLACE, AS LONG AS POSSIBLE. THE PACE MODEL EMBODIES THE PHILOSOPHY OF CARE AND THE CORE VALUES OF ALTAMED: PATIENTCENTERED AND ENGAGING, PACE IS RESPONSIVE TO THE RANGE OF WHOLE-PERSON NEEDS OF ITS PATIENTS BEYOND MEDICAL CARE THAT INCLUDE ONGOING SOCIAL, EMOTIONAL, SPIRITUAL, AND CULTURAL NOURISHMENT TO KEEP THEM HEALTHY, ACTIVE, AND OUT OF EMERGENCY ROOMS AND EXTENDED HOSPITAL STAYS.
HIV CARE AND SERVICES THE DIVISION OF HIV SERVICES, ALSO KNOWN AS "DVL" (DANIEL V. LARA CLINIC) AT ALTAMED, HAS PROVIDED COMPREHENSIVE SERVICES FOR PEOPLE LIVING WITH HIV, AND OTHER INFECTIOUS...
HIV CARE AND SERVICES THE DIVISION OF HIV SERVICES, ALSO KNOWN AS "DVL" (DANIEL V. LARA CLINIC) AT ALTAMED, HAS PROVIDED COMPREHENSIVE SERVICES FOR PEOPLE LIVING WITH HIV, AND OTHER INFECTIOUS DISEASES INCLUDING HEPATITIS, STI'S AND TUBERCULOSIS FOR THE PAST 30 YEARS.IN 2023, DVL SERVED OVER 2,200 INDIVIDUALS AT FOUR CLINIC LOCATIONS; LOS ANGELES/COMMERCE, LOS ANGELES/PICO PASSSONS, EL MONTE AND ANAHEIM. IN ADDITION, DVL PROVIDES FULL WRAP AROUND SERVICES TO THE HIV POPULATION, INCLUDING INTENSIVE CASE MANAGEMENT, HOME BASED SERVICES, BENEFITS SPECIALTY SERVICES, SUBSTANCE USE TREATMENT, AND MENTAL HEALTH. THE DIVISION'S PREVENTION PROGRAMS OFFER COMPREHENSIVE OUTREACH AND EDUCATIONAL PROGRAMS, INCLUDING PREP AND PEP, NOW PRESCRIBED AT ALL ALTAMED PRIMARY CARE CLINICS. IN 2023, THE DVL PREVENTION TEAM REPRESENTED ALTAMED AT OVER THREE DOZEN COMMUNITY / HEALTH AND WELLNESS EVENTS IN LOS ANGELES AND ORANGE COUNTY; CONDUCTING OVER 2,600 RAPID HIV TESTS.
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 | $1,480,779,622 | $1,249,678,105 | +0.2% |
| Expenses | $1,392,162,287 | $1,113,812,347 | +0.2% |
| Net Income | $88,617,335 | $135,865,758 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| RICARDO ROBLES | BOARD SECRETARY | 1.60 |
Officer
Director
|
$0 | $0 | $0 |
| MARIA GRIMALDO | CONSUMER BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| JOSEPH GOMEZ | CONSUMER BOARD MEMBER | 1.60 |
Director
|
$0 | $0 | $0 |
| NADIA ALVAREZ | CONSUMER BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| MARC VICTOR | BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| JOSE AVALOS MD | BOARD CHAIR | 1.60 |
Officer
Director
|
$0 | $0 | $0 |
| LUCY HERRERA | BOARD VICE-CHAIR | 1.20 |
Officer
Director
|
$0 | $0 | $0 |
| VICTOR OLMOS | BOARD TREASURER | 1.60 |
Officer
Director
|
$0 | $0 | $0 |
| MARIA CERVANTES | BOARD MEMBER | 1.20 |
Director
|
$0 | $0 | $0 |
| CASTULO DE LA ROCHA JD | PRESIDENT & CEO | 40.00 |
Officer
|
$1,910,489 | $26,929 | $1,937,418 |
| JOSE U ESPARZA | EVP FINANCE & CFO | 40.00 |
Officer
|
$836,278 | $21,809 | $858,087 |
| ZOILA ESCOBAR | EVP, CHIEF ADMIN OFFICER | 40.00 |
Officer
|
$829,026 | $26,929 | $855,955 |
| ANNA TRAN | SR. STRATEGY EXECUTIVE | 40.00 |
Key Emp
|
$909,333 | $28,430 | $937,763 |
| EFRAIN TALAMANTES | SVP, HS CHIEF OPERATING OFFICER | 40.00 |
Key Emp
|
$716,353 | $53,494 | $769,847 |
| ESIQUIO CASILLAS | VP, MEDICAL DIRECTOR, PACE | 40.00 |
Key Emp
|
$683,847 | $39,026 | $722,873 |
| RICO CRISTIAN | CHIEF MEDICAL OFFICER | 40.00 |
Key Emp
|
$660,664 | $53,498 | $714,162 |
| MARCO DE LA ROCHA | PRESIDENT OF AHN | 40.00 |
Key Emp
|
$560,745 | $15,883 | $576,628 |
| PARHAM NAGHDECHI | HOSPITALIST | 40.00 |
Highest
|
$617,204 | $53,498 | $670,702 |
| SEEMA KAMAL | SVP GENERAL COUNSEL | 40.00 |
Highest
|
$652,191 | $13,200 | $665,391 |
| CHRISTOPHER BUI | AVP, CHIEF MEDICAL OFFICER | 40.00 |
Highest
|
$594,891 | $15,893 | $610,784 |
| MELANIE LIN | MEDICAL DIRECTOR | 80.00 |
Highest
|
$747,012 | $21,135 | $768,147 |
| LUIS ONTIVEROS | STAFF PHYSICIAN | 40.00 |
Highest
|
$608,260 | $35,447 | $643,707 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,480,779,622 | $1,392,162,287 | $1,519,511,621 | $88,617,335 |
| 2022 | $1,249,678,105 | $1,113,812,347 | $1,293,422,751 | $135,865,758 |
| 2021 | $1,054,136,361 | $1,002,853,406 | $1,171,212,102 | $51,282,955 |
| 2020 | $871,232,823 | $800,489,035 | $1,022,946,635 | $70,743,788 |
| 2019 | $702,094,093 | $654,751,982 | $860,392,869 | $47,342,111 |
| 2018 | $646,916,980 | $560,011,673 | $733,197,247 | $86,905,307 |
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