Overview
What is Peak Health Alliance?
Peak Health Alliance is a nonprofit organization based in rural Colorado, serving individuals, small businesses, and self-funded companies. Their mission is to provide affordable and robust health insurance solutions. Through data-driven negotiations with healthcare providers and carriers, they have successfully secured premium savings of up to 38%, resulting in over 7 million dollars returned to the community. The plans negotiated by Peak offer significant enhancements, such as zero copay for mental health visits on most plans and reduced copays for other key services. Peak is also unique in offering a zero-deductible bronze and silver tier plan. Moreover, their network expansion in mental health services, with over 50 independent providers contracted in-network, has proven effective. Overall, Peak Health Alliance's strategies aim to address affordability issues in the healthcare market.
Official website here: www.peakhealthalliance.org
Is Peak Health Alliance legitimate?
Peak Health Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peak Health Alliance 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: $200,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,359
For more financial information, click here
Official website here: www.peakhealthalliance.org
What is the mission statement of Peak Health Alliance?
Peak Health Alliance is an organization dedicated to facilitating affordable and robust health insurance options for individuals, small businesses, and self-funded businesses in rural areas. Its mission is to negotiate cost-effective health insurance and administrative services for employers and their employees, as well as local residents, aiming to keep a significant portion of the savings within the community rather than transferring it to out-of-state insurance companies or corporate health systems. Peak Health Alliance has achieved substantial premium savings, estimated to result in over 7 million dollars across their operating regions. This savings allows for enhanced insurance plans that prioritize mental health visits, primary care visits, and imaging, with reduced copays and no deductibles in some cases. Moreover, Peak Health Alliance is the only entity in the state offering a zero deductible bronze and silver tier plan, and has successfully expanded its mental health services network by contracting with over 50 independent mental health providers.
Official website here: www.peakhealthalliance.org
Who is the CEO of Peak Health Alliance?
Don Dankner is the Chair of Peak Health Alliance. The CEO's salary of Peak Health Alliance is $91,311 and their total compensation is $98,926.
Official website here: www.peakhealthalliance.org
What is the revenue of Peak Health Alliance?
Peak Health Alliance's revenue in 2022 was $872,715.
Official website here: www.peakhealthalliance.org
Who are the executives of Peak Health Alliance and what are their salaries?
The average compensation at Peak Health Alliance during 2022 was $80,864. There are 4 employees and 24 volunteers at Peak Health Alliance.
Here are 14 key members and their salaries (Peak Health Alliance's CEO's salary is $91,311 and their total compensation is $98,926):
- Anne Ladd (Ceo)
- Claire Brockbank (Ceo (Thru Ap)
- Don Dankner (Chair) [Trustee/Director]
- Scott Binder (Treasurer) [Trustee/Director]
- Mark Spiers (Board Member) [Trustee/Director]
- Richard Cimino (Board Member) [Trustee/Director]
- Janet Carter (Board Member) [Trustee/Director]
- Merida Odiorne (Board Member) [Trustee/Director]
- David Preaus (Board Member) [Trustee/Director]
- Philip Gonshak (Board Member) [Trustee/Director]
- Ray Douglas (Board Member) [Trustee/Director]
- Monique Digiorgio (Board Member) [Trustee/Director]
- Brianne Snow (Board Member) [Trustee/Director]
- Han Smith (Board Member) [Trustee/Director]
Official website here: www.peakhealthalliance.org
Where can I find the form 990 for Peak Health Alliance?
The Peak Health Alliance’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.peakhealthalliance.org
Learn more at the official website: www.peakhealthalliance.org
Mission Statement of Peak Health Alliance
Peak Health Alliance is organized with the purpose of providing more cost-effective health insurance and administrative services for employers with a physical presence in rural Colorado and their employees, as well as individuals who reside in communities that have joined the alliance. The nonprofit's mission is to negotiate lower premiums with healthcare providers and insurance carriers, resulting in significant savings for its members. These savings, estimated to be over 7 million dollars across seven counties, are then returned to the community instead of going to out-of-state insurance companies or corporate health systems.
Peak Health Alliance has also enhanced its negotiated plans to better meet the needs of its members. For instance, mental health visits are covered with no copay on all plans, except for catastrophic and HSA-compatible plans. Additionally, there are copays not subject to deductible on other key services, such as primary care visits and imaging, making it easier for participants to utilize their benefits. In fact, Peak is the only entity in the state that offers a zero deductible bronze and silver tier plan.
Moreover, Peak Health Alliance has expanded its network in mental health services, contracting with over 50 independent mental health providers in-network. By increasing reimbursement rates and conducting direct outreach to providers, Peak has successfully attracted providers to join its network, resulting in a more comprehensive mental health service offering for its members. The market has responded positively to Peak's approach to addressing affordability, with the nonprofit maintaining an average individual market share of between 65% - 70% in its seven counties.
Impact
This information is meant to be a general summary of Peak Health Alliance. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Peak Health Alliance has had a significant impact on the healthcare landscape in rural Colorado. By negotiating aggressively with providers and carriers, they have achieved premium savings of 24%-38%, resulting in over $7 million in savings across seven counties. These savings are redirected back to the community, rather than to out-of-state insurance companies, benefitting individuals, small businesses, and self-funded businesses. Additionally, Peak Health Alliance's plans offer enhancements that respond to community needs, such as zero copay on mental health visits and copays not subject to deductible on key services like primary care visits and imaging. Their network expansion in mental health services, with over 50 contracted in-network providers, has proven effective in increasing access and affordability. With an average market share of 65%-70% in their seven counties, Peak Health Alliance is making quality healthcare more accessible and affordable for the rural population in Colorado.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES-INDIVIDUALS
Revenue
$664,643
MEMBERSHIP DUES-SELF-INSURED
Revenue
$95,602
COMMUNITY FEES
Revenue
$50,000
PLATFORM FEES
Revenue
$9,882
MEMBERSHIP DUES-LEVEL FUNDED
Revenue
$1,856
Organization Details
Founding Year
2019
Phone
(970) 455-0381
Principal Officer
Don Dankner
Main Address
PO BOX 3822, DILLON, CO, 80435
Website
www.peakhealthalliance.org
NTEE Category
Code: E80 - Health
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