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Health Plan of Careoregon INC

Public charity
DBA: % TERESA KENNEDY LEARN CFO
Other · PORTLAND, OR · EIN 46-3264330

About

TAX-exempt purpose and mission of health plan of careoregon health plan of careoregon is a healthcare service contractor incorporated and domiciled in the state of oregon, and is regulated by the state of oregon department of consumer and business services, division of financial regulation. We created careoregon advantage plus as a special needs medicare advantage prescription DRUG plan (SNP plan) that is organized to benefit medicaid and medicare dually eligible members in SIX counties in oregon. We provide managed care services to approximately 18,000 members. We provide health benefits through our contracted network of hospitals, participating physicians, and other healthcare organizations and operate under annual contracts with the centers for medicare and medicaid services (CMS), which pays a risk adjusted rate PER member. Our SNP plan coordinates medicare, oregon health plan (medicaid) and prescription DRUG benefits for the convenience of our members, providing medicaid benefits plus ALL of the benefits of original medicare with no monthly premium and $0 copays. Careoregon (the parent) is a medicaid managed healthcare plan that provides healthcare services to members who are enrolled in the oregon health plan, which is administered by the oregon health authority (OHA) of the state of oregon's department of human services. The parent is a state of oregon charitable nonprofit public benefit corporation organized and operated exclusively for charitable, educational, and scientific purposes, including, for such purposes, making distributions to organizations that qualify as exempt organizations. Careoregon's mission is to inspire and partner to create quality and equity in individual and community health. Careoregon provides managed care services to over 550,000 oregonians. Health plan of careoregon maintains a management services agreement with the parent. Under the terms of this management services agreement, we utilize the parent's personnel, office space, equipment, computer systems, software, and operating methodologies to manage our business.

In care of Teresa Kennedy Learn CFO

Donations are tax-deductible
Category
Other
Employees
0
Volunteers
12

Financial Snapshot

FY ending 2024-12-31
Revenue
$316.7M
Expenses
$399.2M
Assets
$138.0M
Liabilities
$97.1M

Financial history

$399.2M$199.6M$0
1718192021222324
RevenueExpenses
Latest FY2024: $316.7M · Avg: $243.5M
HEALTH PLAN OF CAREOREGON INC
Your actions

Address

315 SW 5TH AVE
Portland, OR, 97204-170

Governance

Voting board members13
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer
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