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Institute For Healthcare Optimization Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 270373299 ✦ Bedford, MA ✦ Designated as a 501(c)(3)

Overview

What is Institute For Healthcare Optimization Inc?

The Institute for Healthcare Optimization Inc is a nonprofit organization with a mission to enhance the healthcare delivery system. They strive to accomplish this by disseminating the use of operations management techniques and patient flow variability management across the broader hospital community. The primary aim is to improve the efficiency and effectiveness of healthcare services, ultimately benefiting patients and healthcare providers alike.


Official website here: www.ihoptimize.org

Is Institute For Healthcare Optimization Inc legitimate?

Institute For Healthcare Optimization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Healthcare Optimization Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $496,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $249,136

For more financial information, click here


Official website here: www.ihoptimize.org

What is the mission statement of Institute For Healthcare Optimization Inc?

The Institute for Healthcare Optimization Inc's mission is to stimulate and facilitate the widespread adoption of operations management and patient flow variability management techniques within the broader hospital community. Their goal is to act as a catalyst, offering resources and tools to help improve the healthcare delivery system. By doing so, they aim to enhance the efficiency and effectiveness of hospital operations, ultimately leading to better patient care.


Official website here: www.ihoptimize.org

Who is the CEO of Institute For Healthcare Optimization Inc?

Eugene Litvak is the President/Treasurer/Director of Institute For Healthcare Optimization Inc.


Official website here: www.ihoptimize.org

What is the revenue of Institute For Healthcare Optimization Inc?

Institute For Healthcare Optimization Inc's revenue in 2022 was $732,903.


Official website here: www.ihoptimize.org

Who are the executives of Institute For Healthcare Optimization Inc and what are their salaries?

The average compensation at Institute For Healthcare Optimization Inc during 2022 was $149,214. There are 5 employees at Institute For Healthcare Optimization Inc.

Here are 5 key members and their salaries:

    Eugene Litvak (President/Treasurer/Director)
  • Compensation: $308,504
  • Related: $0
  • Other: $32,567

    • Hakmeng Kang (Clerk/Vp-Strategic Prtnrsh)
  • Compensation: $186,582
  • Related: $0
  • Other: $14,072

    • Muhund Chandramohan (Senior Process Improvement)
  • Compensation: $126,512
  • Related: $0
  • Other: $13,812

    • Ellis M Knight Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William P Pierskalla Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.ihoptimize.org

    Where can I find the form 990 for Institute For Healthcare Optimization Inc?

    The Institute For Healthcare Optimization Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ihoptimize.org

    Learn more at the official website: www.ihoptimize.org

    Mission Statement of Institute For Healthcare Optimization Inc

    The Institute for Healthcare Optimization Inc is dedicated to enhancing the healthcare delivery system by employing principles from operations management. Their primary objective is to act as a motivator and offer a platform for the widespread adoption of operations management techniques and patient flow variability management strategies within the broader hospital community. The organization aims to serve as a catalyst, promoting the implementation of these methodologies to improve efficiency and effectiveness in healthcare facilities.

    Impact

    This information is meant to be a general summary of Institute For Healthcare Optimization Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of the Institute For Healthcare Optimization Inc is significant in improving the healthcare delivery system. By applying operations management techniques, the Institute serves as a catalyst for spreading these methods across the hospital community. This helps hospitals operate more efficiently, improve patient flow, and ultimately enhance the quality of care provided. Their work directly contributes to better outcomes for patients and more effective healthcare management.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $255
  • Program Service Revenue: $0
  • Gross Receipts: $732,903

    • Assets and Liabilities:
  • Total Assets: $196,720
  • Total Liabilities: $168,945
  • Net Assets: $27,775
  • Organization Details

    Founding Year

    2009

    Principal Officer

    Eugene Litvak

    Main Address

    101 GREAT ROAD 105, BEDFORD, MA, 01730

    NTEE Category

    Code: G05 - Disease

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