Childrens Hospital Medical Practice Corp

What it reported doing in 2024

Corporate purposechildren's hospital medical practice corporation (chmpc), a non-profit subsidiary corporation of children's hospital, was started to provide medically under-served geographic areas with convenient access to quality, cost-effective pediatric primary care.the purpose of this corporation, consistent with the objectives for which our tax exemption was filed, includes the following:1. To acquire medical practices and develop new start-up practices to improve access to children's health services (continued on schedule o) for all levels of economic status.2. To employ quality physicians and other clinicians.3. To practice medicine in conjunction with and in support of the patient care mission of children's hospital.4. To develop, in conjunction with children's hospital, an integrated and geographically diverse pediatric health care delivery system.5. To provide cost-effective, comprehensive pediatric care to the communities served by children's hospital and its affiliates through strong utilization review practices.6. To ensure quality pediatric care delivery through strong quality assurance practices.children's hospital medical practice corporation was incorporated on february 8, 1996, as a tax exempt, non-profit organization under the Louisiana revised statutes of title 12 and the federal section 501 (c)(3) of the internal revenue code.serving the communityin january 2012, Louisiana medicaid began the coordinated care network (ccn). Chmpc clinics take part in all medicaid ccns.physicians employed by chmpc demonstrate their commitment to the purpose of the corporation through many community activities. Chmpc employees are active in many educational forums including presentations at schools and community groups, serving as local board members, and disseminating information on various children's issues.other clinics chmpc not only serves the needs of underserved areas of the city of new orleans but has also established other practices throughout the city to meet the pediatric health care needs of the entire community.effective april 1, 1997, napoleon pediatrics joined chmpc. The clinic has six physicians practicing in two locations accessible by public transportation. The first location is 3700 st. Charles avenue, suite 700 in new orleans. The second location is 3040 33rd street in metairie. The physicians are drs. Paul remedios, tammy senentz, michael heller, leah douglas, amanda williams, todd schwartzlow, tanya busenlener, and amy glick. Patient visits in 2024 totaled 23,812 with 58.1% medicaid for both locations. Effective october 25, 1999, northlake pediatrics joined chmpc. The clinic was found on the north shore of lake pontchartrain at 725 w. 11th street in covington, la. In may of 2020, the clinic moved to a newly renovated space at 5025 keystone blvd in covington. The name was changed to children's hospital pediatrics, specialty care, and outpatient therapy. The physician is dr. Kelsey manguno. The nurse practitioners are sheira neely and martha cossich. Patient visits in 2024 totaled 3,038 with 61.1% medicaid.effective may 1, 2002, lakeside children's clinic joined chmpc. In 2018 lakeside children's clinic changed their name to children's pediatrics lakeside and moved from 4740 i-10 service road in metairie to 4845 veterans blvd. In metairie. This location is accessible by public transportation. The physicians are: drs. Elizabeth adams, keith kappel, anthony hudson, claire neumann, nialah gallego clemmons, tanya busenlener, and amy glick. Patient visits were 13,477 with 58.5% medicaid for the year ending december 31, 2024.on june 1, 2003, klein lawrence pediatrics joined children's hospital medical practice corporation. In july 2011, the clinic changed its name to pelican pediatric physicians. One office is found at 3100 kingman street, suite 110 in metairie and is accessible by public transportation. The second location was found at 501 rue de sante, suite 13 in la place. In 2018, this clinic changed its na

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 95.6%; rating input score 96
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -72.5%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.33; rating input score 8; 8th percentile among comparable filings
• Liabilities to assets ratio: 11.91; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 65; 65th percentile among comparable filings

Growth

• Program expense growth: 5.7% per year; rating input score 100; 47th percentile among comparable filings
• Revenue growth: -1.1% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: 11.9% per year; rating input score 100; 72nd percentile among comparable filings