UCare Minnesota is a health finance organization based in Minneapolis, MN that was founded in 1987. As of 2019 they had $3.4 billion in revenue and $1.3 billion in assets.
UCare is an independent, nonprofit health plan providing health coverage and services to Minnesotans across the state.
UCare organizes and operates a health maintenance organization (HMO) providing coordinated health care and coverage for over 400,000 individuals from the community enrolled in state government programs, federal Medicare Advantage programs, dually eligible Medicare and Medicaid programs, and MNsure marketplace plans. UCare's programs provide services to seniors, low-income families, those with physical disabilities, and other individuals who may have challenges accessing health care. UCare is dedicated to promoting the health of the community it serves and makes quality health care available on an economically advantageous, prepaid basis to that community. Our services are guided by UCare's mission which is to improve the health of our members through innovative services and partnerships across communities.In 2018, UCare's quality monitoring, program initiatives and services demonstrated many significant activities and outcomes. The highlights are outlined as follows:Statistically significant (p>0.05) clinical improvements for our members were achieved in the following Healthcare Effectiveness Data and Information ...
In addition to UCare's business of providing public health care program plans that seek to improve the health of our communities, UCare's community benefit efforts go beyond our everyday commitment to members. Through UCare's community benefit program, we reach out to the larger community by:-Addressing social risk factors that may undermine the health of the community;-Strengthening the providers that serve populations with challenges accessing care; -Encouraging the wellness of families and seniors in our neighborhoods; -Supporting research, programs, and organizations that benefit health care quality and delivery;-Supporting medical education related to improving access to primary care.Through UCare's Community Benefit Program, UCare makes financial contributions to the extent funds are available for general community benefit. UCare provided funds to the University of Minnesota Medical School, Department of Family Medicine & Community Health (the Department) which supported purposes and activities of both organizations through meeting the primary care needs of the community, ...
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|---|---|---|
| 2018-12 | Feb 6, 2020 | 990 | View PDF |
| 2017-12 | Mar 15, 2019 | 990 | View PDF |
| 2016-12 | Dec 27, 2017 | 990 | View PDF |
| 2015-12 | Dec 21, 2016 | 990 | View PDF |
| 2014-12 | Sep 23, 2015 | 990 | View PDF |
| ...and five more Form 990 PDFs | |||
| Field | 2018 |
|---|---|
| Total grants, contributions, etc. | $0 |
| Program services | $3,419,164,990 |
| Investment income and dividends | $30,440,155 |
| Tax-exempt bond proceeds | $0 |
| Royalty revenue | $0 |
| Net rental income | $0 |
| Net gain from sale of non-inventory assets | $-3,365,051 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous revenues | $52,547 |
| Total revenues | $3,446,292,641 |
| Vendor | Services | Amount paid | Date |
|---|---|---|---|
| Life Insurance Company Of North America | Insurance | 2019-12-31 | |
| ████████ ████████ ████ █████████ ███████ | Insurance | 2019-12-31 | |
| ███ ████ ██████ ████ | Insurance agent or broker | $3,681 | 2019-12-31 |
| ████ █████████ | Insurance agent or broker | $1,091 | 2019-12-31 |
| ███████ █████ ███ | Advertising Services | $8,227,423 | 2018-12-01 |
| ████████████ | Chart Review Actuarial and Consulting | $10,341,147 | 2018-12-01 |
| ██████████ ████████ ███ | Software Licensing and Support | $7,670,487 | 2018-12-01 |
| █████████ ████████ █████ ███ | Temporary Staffing | $2,899,776 | 2018-12-01 |
| ...and seven more vendors | |||
| Name | Title | Compensation | Most recent data |
|---|---|---|---|
| Mark Traynor | Pres and Chief Executive Officer / Interim President and Chief Executive Officer | $937,779 | Dec. 31, 2018 |
| Beth Monsrud | Senior Vice President and Chief Financial Officer | $518,671 | Feb. 6, 2020 |
| █████ █████████ | Senior Vice President, Public Affairs and Chief Marketing Officer | $413,491 | July 14, 2019 |
| ██████ █████████████ | Senior Vice President and Chief Administrative Officer | $385,617 | July 14, 2019 |
| █████ █████████ ██████ | Senior Vice President and Chief Medical Officer | - | July 14, 2019 |
| ██████ ██████ | Senior Vice President and Chief Legal Officer | - | July 14, 2019 |
| ████████ ████████ | Vice President , Marketing and Product Management | $295,390 | Dec. 31, 2018 |
| ████████ █████████ | Senior Vice President Public Affairs and Development | $466,305 | Dec. 31, 2018 |
| █████ ████ ██ | Vice President , Compliance and Internal Audit | $279,244 | Dec. 31, 2018 |
| ██████ ████ | Past Vice President , Chief Nursing Officer | $274,504 | Dec. 31, 2018 |
| ...and eight more key personnel | |||