Hospital Shared Services Association

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

EIN: 916101479 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

Overview

What is Hospital Shared Services Association?

The Hospital Shared Services Association is a regional cooperative based in Seattle, Washington, serving as a network of hospitals and healthcare facilities across the Pacific Northwest. Its primary objective is to assist its member hospitals in reducing costs while maintaining high-quality patient care. The association accomplishes this by offering group purchasing discounts and refunds that typically aren't accessible to non-profit organizations. To further support its members, the association aids in contract negotiations and provides various purchasing-related services. In essence, the Hospital Shared Services Association aims to help its members optimize their expenditures on goods and services, thereby enabling them to allocate resources more effectively towards patient care.


Is Hospital Shared Services Association legitimate?

Hospital Shared Services Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospital Shared Services Association 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: $54,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Hospital Shared Services Association?
Who is the CEO of Hospital Shared Services Association?
What is the revenue of Hospital Shared Services Association?
Who are the executives of Hospital Shared Services Association and what are their salaries?
Where can I find the form 990 for Hospital Shared Services Association?

Mission Statement of Hospital Shared Services Association

The Hospital Shared Services Association, a regional cooperative comprising various hospitals and health services across the Pacific Northwest, is dedicated to a shared objective: reducing costs while maintaining exemplary patient care. At its core, the mission of this organization is to aid and facilitate the cost-reduction and control initiatives of its member hospitals. Through its efforts, the Association offers group purchasing discounts and refunds, typically unattainable for non-profit organizations, to its members. Furthermore, the Association extends its support beyond just purchasing discounts, engaged in contract negotiations and other procurement-related services for its member hospitals.

Impact

This information is meant to be a general summary of Hospital Shared Services Association. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Hospital Shared Services Association's impact is significant in the healthcare industry, particularly in the Pacific Northwest region. The association plays a vital role in helping member hospitals and health services reduce costs while maintaining high levels of patient care. By providing access to group purchasing discounts and refunds that may not be readily available to nonprofit organizations, the association enables its members to operate more efficiently and effectively. Additionally, the support provided in contract negotiations and purchasing-related services further enhances the financial sustainability of member hospitals. Through its mission to assist and facilitate cost reduction efforts, Hospital Shared Services Association positively influences the financial health and operational efficiency of healthcare providers in the region.





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: $1,474,688
  • Program Service Revenue: $3,684,007
  • Gross Receipts: $5,225,095

    • Assets and Liabilities:
  • Total Assets: $890,147
  • Total Liabilities: $0
  • Net Assets: $890,147
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INVMT INC GRP PURCH PROG SERV

    Revenue

    $3,683,078

    MEMBER SAVINGS

    Revenue

    $929

    Organization Details

    Founding Year

    1970

    Principal Officer

    Joe Mcnamee

    Main Address

    PO BOX 19741, SEATTLE, WA, 98109

    NTEE Category

    Code: E00 - Health

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