NFP500

#13 of 500 · Health Plan / Insurer

Healthfirst Health Plan Inc

EIN 11-3029569 · NY · NTEE n/a · Form 990, fiscal 2023

A nonprofit, provider-sponsored health insurance company based in New York City, serving members primarily in the New York metropolitan area. Founded by New York hospitals, it offers Medicaid, Medicare Advantage, Child Health Plus, and qualified health plans, focusing on high-quality, affordable coverage and health equity for diverse communities.

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Financials, fiscal 2023

Revenue
$5.91B
Expenses
$5.82B
Total assets
$2.00B
Net assets
$857.0M
Operating margin
1.6%
1-year growth
20.9%
5-year growth (CAGR)
18.0%
Reserve (years of spending)
1.8
Contributions share
n/a
Programme spending
99.2%
Fundraising cost
n/a
Executive pay share
0.00%
Employees
n/a
Revenue per employee
n/a
Grants paid
n/a
Years filing
31

NFP Health Score: 70 / 100

Financial 44 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To provide greater access to high-quality healthcare by meeting members where they are, advancing health equity so all individuals can thrive and live healthy, fulfilling lives.

Revenue history

YearRevenue
2019$3.05B
2020$3.46B
2021$4.02B
2022$4.89B
2023$5.91B