New York · Nonprofit
Healthfirst PHSP Inc
Healthfirst PHSP Inc (New York) receives grants from 1 organization whose IRS filings report $280,000 to it, the largest being ROBIN HOOD FOUNDATION ($280,000). 0 of them have funded it in more than one year.
- Revenue FY2024
- $12.2B
- Funders on record
- 1
- Grants received
- $280k
- Net assets
- $1.6B
What Healthfirst PHSP Inc does
Mission
To improve the health and well-being of underserved populations by providing comprehensive prepaid healthcare coverage to medicaid, managed long term care (mltc), essential plan, harp, qualified health plan and child health plus recipients.
As stated on its FY2024 Form 990.
Programs
Medicaid managed care: healthfirst phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to beneficiaries of government health care coverage programs. Phsp has participated in new york's medicaid program since october 1994. For 2024 there were 1,470,499 members enrolled in phsp's medicaid plan.
$6,566,167,763 spent$6,709,752,345 earned by the program56% of program spendingHealth and recovery plan (harp): healthfirst phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to medicaid eligible individuals that have serious behavioral health diagnoses. The harp program was introduced in 2015 and is a managed care program within medicaid. For 2024 there were 38,017 members enrolled in phsp's harp program.
$942,992,725 spent$974,020,229 earned by the program8% of program spendingEssential plan (ep): healthfirst phsp, inc. (phsp) is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to beneficiaries of government health care coverage programs. Ep is a program which covers individuals who would otherwise be eligible for either certain categories of expanded medicaid coverage or significant subsidies for qualified health plan (qhp) for little or no member contribution. For 2024 there were 554,466 members enrolled in phsp's ep plan.
$2,910,238,763 spent$2,987,540,668 earned by the program25% of program spendingManaged long term care (mltc): services such as personal care, social, nutritional and rehabilitation services that's provided to frail elderly individuals residing in manhattan, the bronx, brooklyn, queens, staten island, nassau and westchester during 2024, allowing them to continue to reside safely within their community. Qualified health plans (qhp): in 2014, phsp established a qualified health plan ("qhp") under the health care reform, which is certified by the new york state health insurance marketplace ("marketplace"). Qhp provides essential health benefits, follows established limits on cost-sharing (deductible, copayment, and out-of-pocket maximum amounts), and must maintain compliance with other provisions of health care reform. Qhp is administered under an agreement between phsp and the doh that extends through december 31, 2024. Child health plus (chp): the organization is a licensed prepaid health services plan that provides comprehensive prepaid health care coverage to chp recipients pursuant to article 44 of the new york state public health law. Phsp has participated in new york's chp program since 1997. Basic health plans (bhp): healthfirst phsp, inc. (phsp) is a…
$1,282,125,664 spent$1,348,771,794 earned by the program11% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $11,701,524,915.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $3.3B to $4.4B (+31%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of Healthfirst PHSP Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (1% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Patricia J Wang
President and CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
From the IRS filings of Healthfirst PHSP Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of Healthfirst PHSP Inc's grant income comes from New York funders.
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Healthfirst PHSP Inc is better cushioned than half of the 2,075 health nonprofits its size.
this organization peer median middle 50% of peers· 2,075 health nonprofits over $100M, FY2024
Organizations like Healthfirst PHSP Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
98% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 7 related entities
- Healthfirst Health Plan Inc · exempt
- Healthfirst Inc · exempt
- Healthfirst Foundation Inc · exempt
- Hf Management Services LLC · partnership
- Smc Partners LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for Healthfirst PHSP Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Healthfirst PHSP Inc?
- Healthfirst PHSP Inc (New York) receives grants from 1 organization whose IRS filings report $280,000 to it, the largest being ROBIN HOOD FOUNDATION ($280,000). 0 of them have funded it in more than one year.
- How many funders does Healthfirst PHSP Inc have?
- IRS filings report 1 organization giving $280,000 in grants to Healthfirst PHSP Inc.
- Who is the largest funder of Healthfirst PHSP Inc?
- ROBIN HOOD FOUNDATION is the largest funder on record, with $280,000 in grants. The full list of funders is on this page.
- How can an organization like Healthfirst PHSP Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing