Preferredone Community Health Plan

“Members consist of the participants on the board of directors. The board of directors consists of: contributing members, composed of employees of provider owners that have contributed capital to preferredone community health plan; non-contributing members, composed of individuals of preferredone physicians association, which are practicing physicians;and enrollee directors, which are employees of employer groups that have purchased health insurance coverage or health administrative services through pchp or its affiliates.”

“Members consist of the participants on the board of directors. The board of directors consists of: contributing members, composed of employees of provider owners that have contributed capital to preferredone community health plan; non-contributing members, composed of individuals of preferredone physicians association, which are practicing physicians;and enrollee directors, which are employees of employer groups that have purchased health insurance coverage or health administrative services through pchp or its affiliates. The two contributing members appoint (and fill vacancies of) up to 4 directors respectively. The non-contributing member may appoint (and fill vacancies of) up to 2 directors. Vacancies that arise with respect to enrolee directors are filled by majority vote of other enrollee directors for the remainder of the unexpired term.”

“The manager of accounting completes form 990. The director of accounting, cfo, and board review form 990 prior to filing with the irs.”

“Annually board of directors update conflict of interest statements.”

“Preferredone administrative services (pas), the common paymaster of pchp, has a compensation committee consisting of the ceo and members of the board of directors of pas that meet annually to review compensation of pchp officers. Every three years this compensation review process involves an outside compensation consultant that conducts industry comparison analysis and other compensation comparisons.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d). Annual statutory filings are available on the state of mn website. Tri-annual audits by the mn department of commerce are also available.”

“The compensation reported in part vii, columns (d) and (e) equals the total reportable compensation, as reported on form w-2/1099-misc. Preferredone administrative services (pas), the common paymaster of pchp, pays all compensation and forms w-2/1099-misc are issued from pas. The compensation reported in part vii, column (d), reportable compensation from the organization (w-2/1099-misc), is the portion of compensation allocated to pchp.”

“Professional medical services: program service expenses 20,205,040. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,205,040. Admin fees & other purchased services: program service expenses 0. Management and general expenses 73,450. Fundraising expenses 0. Total expenses 73,450. Other fees: program service expenses 0. Management and general expenses 8,978. Fundraising expenses 0. Total expenses 8,978. Bank service fees: program service expenses 0. Management and general expenses 34,553. Fundraising expenses 0. Total expenses 34,553.”

“Change in net unrealized losses on other than trading securities -5,058.”

“The mission of preferredone community health plan (pchp) is to make available to the residents of the state of minnesota comprehensive health maintenance services that are accessible, acceptable, and delivered in a manner congruent with the economic and social needs of the community. The health plan will advocate for improvements in the delivery, quality and coverage of health care services and pursue health care programs to meet community needs.”

“Our accreditation status was awarded after rigorous evaluation by ncqa of all aspects of our plan, including preventive health services, member satisfaction, physician credentialing and quality improvement.”