Neqca Accountable Care Inc

Overview

Neqca Accountable Care Inc is a nonprofit organization based in Massachusetts, serving as an Accountable Care Organization (ACO). The organization is focused on enhancing patient health and improving their experience of care through integrated care coordination, shared savings, and quality incentives. By operating as an ACO, Neqca aims to lower healthcare costs while maintaining high-quality services for its patients.

Mission and Objectives

Neqca Accountable Care Inc was established with the mission to improve patient health outcomes and enhance the experience of care. The organization achieves this by emphasizing integrated care coordination and promoting shared savings among its participants. Additionally, Neqca incentivizes quality healthcare practices to reduce the per capita cost of care, contributing to a more efficient healthcare system.

Structure and Governance

Neqca Accountable Care Inc is a collaboration with more than 1,800 physicians across eastern Massachusetts. The organization is recognized for its ability to control healthcare costs effectively. In its governance structure, Emily Young serves as the Principal Officer.

Financial Information

As a nonprofit, Neqca Accountable Care Inc files an annual Form 990 with the IRS, ensuring transparency in its financial operations. In recent years, the organization has reported significant revenues primarily from program services, with minimal contributions from other revenue streams. Notably, Neqca does not pay executive compensation but reports substantial expenses in salaries and wages for other staff members.

Activities and Impact

Neqca plays a crucial role in managing healthcare services across Massachusetts by supporting physician practices in managing changes, building population health capabilities, and improving care quality. It is particularly adept at value-based contracting and providing clinical and administrative services to its members. The organization's efforts are aligned with broader goals to improve patient experiences, enhance professional provider satisfaction, and drive cost efficiency.

Recognition and Participation in Healthcare Models

Neqca Accountable Care Inc participates in advanced healthcare models such as the Next Generation Accountable Care Organization (ACO) Model. This model emphasizes high-quality care coordination, beneficiary engagement, and sustainable financial practices. Neqca's participation in such models underscores its commitment to innovative and effective healthcare delivery.

Tax Status

Donations to Neqca Accountable Care Inc are tax deductible, as the organization maintains a 501(c)(3) status. This status reflects its compliance with federal tax exemption requirements, further solidifying its legitimacy as a nonprofit entity.