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Element Care Inc.

Element Care Inc.

Lynn, MA 01902
Tax ID04-3267751

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About this organization

Revenue

$89,277,278

Expenses

$91,475,761

Mission

The organization's mission is to provide health and social services to elders of Massachusetts located north of Boston. PACE is a program of all-inclusive care for the elderly that enables eligible seniors to remain in their own communities rather than being placed in long-term care facilities. The organization's goal is to maximize the health and functioning levels of program enrollees to enable them to continue living in the community.

About

Element Care, Inc. is a program of all-inclusive care for the elderly (PACE) which enables eligible seniors to remain in their own communities. The PACE model provides one stop comprehensive health and social services for its participants. PACE's goal is to maximize the health and functioning levels of program enrollees to enable them to continue living in the community. To accomplish this, the program provides a comprehensive range of preventative, primary, acute and long-term care services. It uses an integrated interdisciplinary team to manage care, develops appropriate community-based alternatives to providing care in institutional settings and consolidates capitated funding from Medicare and Medicaid. The organization had an increase in program services enrollment. In June 2004, Element Care, along with GLSS and LCHC became a member of the Senior Care Options (SCO) program. The parent organization is Commonwealth Care Alliance. This is a state-run program similar to the PACE program, where patients are cared for. However, CCA is the direct recipient of the Medicare and Medicaid revenue. This program allows Element Care to reach a wider population, as the qualification to become a member of the SCO program are more flexible than the PACE program. Whereas PACE requires all members to be 'nursing home eligible', SCO may allow for much healthier members to join the program, thereby giving Element Care the opportunity to assist these patients earlier. Element Care is considered a primary care site, and provides services to participants in the Northshore and the Merrimack Valley. Up until December 31, 2018, Element Care operated under a full risk model whereby, CCA received Medicare and Medicaid reimbursement (similar to Element Care) and then remitted 86% of the premium received less claims expenses to Element Care. Element Care in turn provided care management services to these participants, and remitted required funds to its vendors, including GLSS and LCHC for the services they provide. Element Care outsources to LCHC and GLSS for their program and medical services expertise. Element Care renegotiated its contract with CCA effective January 1, 2019 and now is reimbursed for case management services on a per member per month basis at a rate of $284 PMPM.

Interesting data from their 2020 990 filing

According to the filing documents, the non-profit's mission is defined as “Provide healthcare and social services to frail participants in the northshore and merrimack valley communities by keeping them at home with dignity and respect.”.

When referring to its tasks, they were referred to as: “The organization's mission is to provide health and social services to elders of massachusetts located north of boston. pace is a program of all-inclusive care for the elderly that enables eligible seniors to remain in their own communities rather than being placed in long-term care facilities. the organization's goal is to maximize the health and functioning levels of program enrollees to enable them to continue living in the community.”.

  • The non-profit's state of operation has been legally reported as MA.
  • According to the latest filing, the non-profit's address in 2020 is 37 FRIEND STREET, LYNN, MA, 01902.
  • The total number of employees reported by the non-profit on their form for 2020 is 369.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$2,198,483.
  • The organization has 8 independent voting members.
  • The organization was formed in 1994.
  • The organization pays $30,711,696 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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