PSI Earns 4 Star Rating from Charity Navigator
Friday, April 7, 2017
Patient Services, Inc.'s strong financial health 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 ninth consecutive time that Patient Service's Inc. (PSI) has earned this top distinction. Only 1% of the charities Charity Navigator evaluates have received 9 consecutive 4-star evaluations, indicating that PSI outperforms most other charities in America.
Since 2002, using objective analysis, Charity Navigator has awarded only the most fiscally responsible organizations a 4-star rating. In 2011, Charity Navigator added 17 metrics, focused on governance and ethical practices as well as measures of openness, to its ratings methodology. These Accountability & Transparency metrics, which account for 50 percent of a charity's overall rating, reveal which charities operate in accordance with industry best practices and whether they are open with their donors and stakeholders. On June 1, 2016, Charity Navigator upgraded their methodology for rating each charity's' financial health with CN 2.1. These enhancements further substantiates the financial health of our four star charities.
"PSI's exceptional 4-star rating sets it apart from its peers and demonstrates its trustworthiness to the public," according to Michael Thatcher, President & CEO of Charity Navigator. "Only a quarter of charities rated by Charity Navigator receive the distinction of our 4-star rating. This adds Patient Services, Inc. to a preeminent group of charities working to overcome our world's most pressing challenges. Based on its 4-star rating, people can trust that their donations are going to a financially responsible and ethical charity when they decide to support PSI."
"It's important our donors trust that we're using their donations wisely to help chronically ill patients with unaffordable medical expenses," said Dana Kuhn, Ph.D., PSI President. "Our 4-star Charity Navigator rating demonstrates to our supporters our good governance and financial accountability."