Overview
What is Cedars-Sinai Medical Care Foundation?
Cedars-Sinai Medical Care Foundation is a nonprofit organization established by Cedars-Sinai Medical Center, a leading healthcare provider based in Los Angeles, California. The Foundation operates as a medical practice foundation under Section 1206(L) of the California Health and Safety Code, with the primary objective of establishing and operating outpatient medical care clinics as part of an integrated healthcare delivery system. The Foundation further enables the Medical Center to efficiently deliver healthcare services to residents of Los Angeles County by coordinating outpatient and inpatient operations, providing resources for developing and managing outpatient clinics, and assuming risk through capitated models. The Foundation's medical services are delivered either at their outpatient clinics or at the Medical Center's hospital, and they participate in various value-based payer arrangements to improve patient outcomes and lower the cost of care for the community. The Foundation also focuses on community and physician health education, performs clinical research activities, and offers free or low-cost health care educational programs for the public. By increasing access to essential healthcare services, the Cedars-Sinai Medical Care Foundation significantly contributes to enhancing the overall healthcare landscape in Los Angeles County.
Official website here: www.cedars-sinai.org
Is Cedars-Sinai Medical Care Foundation legitimate?
Cedars-Sinai Medical Care Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedars-Sinai Medical Care Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,147,583
For more financial information, click here
Official website here: www.cedars-sinai.org
What is the mission statement of Cedars-Sinai Medical Care Foundation?
The Cedars-Sinai Medical Care Foundation was established to enhance the capability of a medical center in delivering effective and efficient healthcare services. Its primary goal is to further charitable healthcare purposes by providing medical education, research, and various medical benefits to the community. The foundation aims to improve the medical center's capacity to cater to the residents of Los Angeles County, California, ensuring they receive high-quality healthcare services. A detailed description of the services provided can be found in the Statement of Program Accomplishments.
Official website here: www.cedars-sinai.org
Who is the CEO of Cedars-Sinai Medical Care Foundation?
Thomas M Priselac is the Chairman And President of Cedars-Sinai Medical Care Foundation. The CEO's salary of Cedars-Sinai Medical Care Foundation is $0 and their total compensation is $2,030,271.
Official website here: www.cedars-sinai.org
What is the revenue of Cedars-Sinai Medical Care Foundation?
Cedars-Sinai Medical Care Foundation's revenue in 2022 was $666,771,690.
Official website here: www.cedars-sinai.org
Who are the executives of Cedars-Sinai Medical Care Foundation and what are their salaries?
The average compensation at Cedars-Sinai Medical Care Foundation during 2022 was $65,886. There are 1,945 employees at Cedars-Sinai Medical Care Foundation.
Here are 22 key members and their salaries (Cedars-Sinai Medical Care Foundation's CEO's salary is $0 and their total compensation is $2,030,271):
- Thomas M Priselac (Chairman And President) [Trustee/Director]
- Edward Prunchunas (Former Officer)
- Richard B Jacobs (Secretary)
- John Jenrette Md (Exec Vice President & Ceo) [Trustee/Director]
- David M Wrigley (Chief Financial Officer) [Trustee/Director]
- Jill Martin (Chief Operating Officer)
- Mary Clare Lingel (Vice President)
- Caroline Goldzweig Md (Medical Director)
- Cynthia Litt Deculus (Vice President)
- Prasanna Mohanty (Vice President)
- Alen Voskanian (Medical Director)
- Stephen Deutsch Md (Senior Medical Director-Cs)
- Lisa Maqueira (Vice President)
- Theodore N Stein Md (Board Member) [Trustee/Director]
- Gerald Whitman Md (Board Member) [Trustee/Director]
- John Bendheim (Board Member) [Trustee/Director]
- David Hoffman Md (Board Member) [Trustee/Director]
- Thomas J Leanse Esq (Board Member) [Trustee/Director]
- James A Lippman (Board Member) [Trustee/Director]
- Lawrence B Platt (Board Member) [Trustee/Director]
- Susan Rabizadeh Md (Board Member) [Trustee/Director]
- Marc H Rapaport (Board Member) [Trustee/Director]
Official website here: www.cedars-sinai.org
Where can I find the form 990 for Cedars-Sinai Medical Care Foundation?
The Cedars-Sinai Medical Care Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cedars-sinai.org
Learn more at the official website: www.cedars-sinai.org
Mission Statement of Cedars-Sinai Medical Care Foundation
Cedars-Sinai Medical Care Foundation is a philanthropic organization established to boost the capabilities of Cedars-Sinai Medical Center in delivering top-notch healthcare services efficiently and effectively to the residents of Los Angeles County, California. The Foundation is committed to expanding the medical center's charitable healthcare purposes by offering medical education, research, and various medical benefits to the community. By strengthening the medical center's capacity, Cedars-Sinai Medical Care Foundation aims to enhance the overall quality of healthcare available to those in need.
The Foundation's primary objective is to ensure that Cedars-Sinai Medical Center can provide the best possible healthcare services to its patients. By providing resources for medical education and research, the Foundation enables the medical center to stay at the forefront of medical advancements and deliver the most advanced treatments to its patients. Furthermore, by offering various medical benefits, Cedars-Sinai Medical Care Foundation helps to make healthcare more accessible and affordable to those who might not otherwise have access.
In summary, Cedars-Sinai Medical Care Foundation is a driving force behind the medical center's ability to provide exceptional healthcare services to the community. By focusing on medical education, research, and various medical benefits, the Foundation plays a crucial role in ensuring that Cedars-Sinai Medical Center remains a leading healthcare provider, dedicated to enhancing the health and wellbeing of its patients.
Impact
This information is meant to be a general summary of Cedars-Sinai Medical Care Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Cedars-Sinai Medical Care Foundation plays a crucial role in enhancing Cedars-Sinai's ability to deliver health care services effectively and efficiently to the residents of Los Angeles County, California. By establishing and operating outpatient medical care clinics as part of an integrated health care delivery system, the foundation addresses the shifting landscape of health care services from inpatient to outpatient settings. This proactive approach helps in avoiding unnecessary duplication, reducing inefficiencies, and ultimately lowering the overall cost of health care delivery in the community.
Moreover, the foundation provides resources to develop and manage outpatient clinics, ensuring that the services offered align with Cedars-Sinai's charitable health care goals. Through a capitated model, the foundation assumes health care risks, fostering incentives for providing quality care at lower costs and operating more efficiently in a managed care environment without compromising on quality.
Additionally, Cedars-Sinai Medical Care Foundation engages in community and physician health education initiatives, clinical research activities, and participates in various value-based payer arrangements to improve patient outcomes and lower societal healthcare costs. The foundation's commitment to diversity, inclusion, and health equity is evident in its data evaluation based on race, ethnicity, and language to identify disparities and design interventions that reduce them.
Overall, Cedars-Sinai Medical Care Foundation's impact is comprehensive, ranging from offering community health programs, continuing physician education, clinical outreach efforts, health services research projects, to participating in clinical trials. Through these initiatives, the foundation not only supports the health and well-being of the community in Los Angeles but also contributes significantly to advancing medical knowledge and improving healthcare delivery practices.
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.
PATIENT CARE
Revenue
$431,439,917
PREMIUM REVENUE
Revenue
$118,883,203
MEDICARE/MEDICAID PMT
Revenue
$109,784,176
SUBLEASE INCOME
Revenue
$430,984
Organization Details
Founding Year
1994
Phone
(310) 385-3200
Principal Officer
Thomas M Priselac
Main Address
6500 WILSHIRE BLVD 15TH FLOOR, LOS ANGELES, CA, 90048
Website
www.cedars-sinai.org
NTEE Category
Code: E31 - Health
If you are a representative of Cedars-Sinai Medical Care Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.