MIDLOTHIAN, Va., March 5, 2013 Patient Services, Inc.'s (PSI) sound fiscal management practices and commitment to accountability and transparency have earned it a 4-star rating from Charity Navigator, America's largest independent charity evaluator. This is the fifth consecutive time that PSI has earned this top distinction. Only 5 percent of the charities rated by Charity Navigator have received at least five consecutive 4-star evaluations, indicating that PSI outperforms most other charities in America.
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Since 2002, using data-driven analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added a second dimension of Accountability and Transparency (A&T) to its rating methodology, and now reviews 17 governance and ethical practices as well as measures of openness, providing information on its web site for each of the charities it evaluates. The A&T metrics, which account for 50 percent of a charity's overall rating, reveal which charities have "best practices" that minimize the chance of unethical activities and whether they freely share basic information about their organization with their donors and other stakeholders.
"Patient Services, Inc.'s coveted 4-star rating puts it in a very select group of high-performing charities," according to Ken Berger, President and CEO, Charity Navigator. "Out of the thousands of nonprofits Charity Navigator evaluates, only one out of four earns 4 stars-a rating that, now, with our new Accountability and Transparancy metrics, demands even greater rigor, responsibility and commitment to openness. PSI's supporters should feel much more confident that their hard-earned dollars are being used efficiently and responsibly when it acquires such a high rating."
"In the current economic environment, it's important our donors trust that we're using our funding wisely to provide premium and copayment assistance to chronically ill communities in need," said Mandy Herbert, PSI Director of Marketing and Public Relations. "Our 4-star Charity Navigator rating demonstrates to our supporters that we take our fiduciary and governance responsibilities very seriously."
Patient Services, Inc.'s rating and other information about charitable giving are available free of charge on www.charitynavigator.org. More-detailed information about PSI's rating is available to Charity Navigator site visitors who become registered users, another free service.
About Charity Navigator (www.charitynavigator.org)
Charity Navigator is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the Financial Health and Accountability and Transparency of roughly 5,500 mid-to-large sized charities that garner roughly 50% of all private contributions made in the USA each year (not including houses of worship). Charity Navigator accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations, nor does it charge the public for this trusted data. As a result, Charity Navigator, a non-profit 501(c)(3) organization itself, depends on the support from individuals, corporations and foundations that believe it provides a much-needed service to America's charitable givers. Charity Navigator can be reached directly by telephone at (201) 818-1288, or by mail at 139 Harristown Road, Suite 201, Glen Rock, N.J., 07452.
About Patient Services, Inc.
PSI (www.patientservicesinc.org) is the "ground breaking" 501(c)(3) non-profit, charitable organization of its kind. Founded in 1989 by Dana Kuhn, Ph.D., the Midlothian, Virginia, based company has helped people who live with specific chronic illnesses or conditions locate suitable health insurance coverage and access ways to satisfy expensive co-payments. PSIprovides assistance withthe cost of health insurance premiums associated with COBRAs, State High Risk Pools, Open enrollment,Guaranteed Issue policies, HIPAA conversion policies; and prescriptions co-payments associated with private insurance as well as with Medicare Parts B and D.
Media Contact: Mandy Herbert, PSI Director of Marketing and Public Relations
Phone Number: 804-521-7916
Fax Number: 804-744-5408
Email: maherbert@uneedpsi.org
Company Website: www.patientservicesinc.org
SOURCE Patient Services, Inc.
