#4 of 500 · Health Plan / Insurer

Healthfirst Phsp Inc

EIN 13-3783732 · NY · NTEE E310 · Form 990, fiscal 2023

A nonprofit, provider-sponsored managed care health insurance organization based in New York City. It offers government-sponsored and commercial health coverage, including Medicaid managed care, Medicare Advantage, managed long-term care, and marketplace plans, primarily serving residents of the New York City metropolitan area and surrounding counties. Founded in 1993 and sponsored by New York hospitals and health systems, it serves more than a million members.

Financials, fiscal 2023

Revenue

$12.09B

Expenses

$11.92B

Total assets

$4.37B

Net assets

$1.33B

Operating margin

1.3%

1-year growth

7.2%

5-year growth (CAGR)

8.6%

Reserve (years of spending)

1.3

Contributions share

n/a

Programme spending

99.0%

Fundraising cost

n/a

Executive pay share

0.00%

Employees

n/a

Revenue per employee

n/a

Grants paid

n/a

Years filing

28

NFP Health Score: 64 / 100

Financial 31 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide New Yorkers with affordable, equitable, and high-quality health care.

Revenue history