Healthfirst PHSP
Healthfirst PHSP reported $12.17 billion in revenue and $11.97 billion in expenses for calendar year 2024. Of every $100 it spent, $97.72 went to program services, $2.28 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.7% of the total. The highest compensation it reported for one person was $5,237,080 (PRESIDENT AND CEO). Revenue rose 40% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12.0BFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12.2BThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 97.7% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 2.3% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.7% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $5,237,080 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.04% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 0 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.6 | 6.6 |
| Independent voting board members Part VI 1a–1b | 2 of 6 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMedicaid managed care: Healthfirst Phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to beneficiaries of government health care coverage programs. Phsp has participated in new york's medicaid program since october 1994. For 2024 there were 1,470,499 members enrolled in phsp's medicaid plan
Health and recovery plan (harp): Healthfirst Phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to medicaid eligible individuals that have serious behavioral health diagnoses. The harp program was introduced in 2015 and is a managed care program within medicaid. For 2024 there were 38,017 members enrolled in phsp's harp program
Essential plan (ep): Healthfirst Phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to beneficiaries of government health care coverage programs. Ep is a program which covers individuals who would otherwise be eligible for either certain categories of expanded medicaid coverage or significant subsidies for qualified health plan (qhp) for little or no member contribution. For 2024 there were 554,466 members enrolled in phsp's ep plan
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 1.0 hrs/week | $0 | $4,693,860 | $543,220 | $5,237,080 |
| CHIEF FINANCIAL OFFICER Officer, 1.0 hrs/week | $0 | $2,102,763 | $38,331 | $2,141,094 |
| SVP CHIEF INFORMATION OFFICER Highest compensated employee, 1.0 hrs/week | $0 | $1,548,324 | $192,167 | $1,740,491 |
| CHIEF HR OFFICER Highest compensated employee, 1.0 hrs/week | $0 | $1,387,832 | $169,197 | $1,557,029 |
| CHIEF MEDICAL OFFICER Director/trustee, 1.0 hrs/week | $0 | $1,341,805 | $160,663 | $1,502,468 |
| SVP Operations Highest compensated employee, 1.0 hrs/week | $0 | $1,235,464 | $160,573 | $1,396,037 |
| SVP Comm & Marketing Highest compensated employee, 1.0 hrs/week | $0 | $1,111,979 | $128,349 | $1,240,328 |
| SVP State Programs Director/trustee, 1.0 hrs/week | $0 | $1,108,361 | $119,874 | $1,228,235 |
0 people received more than $100,000 in reportable compensation from Healthfirst PHSP (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
Correct a figure or respond
Every number above is copied from Healthfirst PHSP's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Healthfirst PHSP, you can publish a response that is linked from this page.
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Of every $100 Healthfirst PHSP spent in 2024, $97.72 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Healthfirst PHSP's spending goes to programs?
In calendar year 2024, Healthfirst PHSP reported that 97.7% of its $11.97 billion in expenses went to program services, 2.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Healthfirst PHSP pay its top executive?
The largest total compensation Healthfirst PHSP reported for one person in calendar year 2024 was $5,237,080, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Healthfirst PHSP get its money?
Of $12.17 billion in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.7% from program service revenue (Form 990, Part VIII).
Is Healthfirst PHSP a registered charity?
The IRS lists EIN 13-3783732 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543109349303454 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443119349301844 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322969349300947 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233119349301968 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143099349303459 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042959349300439 · read the filing
All filings for EIN 13-3783732: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.