University Medical Center Management

“Louisiana children's medical center (lcmc) acts as a system parent and it is the sole member of university medical center management corporation.”

“Umcno has 16 voting members of the board of directors who have the power to elect or appoint one or more members of the governing body.”

“Lcmc health is the sole member of university medical center management corporation and retains the right of all governance decisions. The governing board is appointed under the requirements of the cooperative endeavor agreement with the state of louisiana.”

“The organization's form 990 is prepared by an independent cpa firm before being reviewed and approved by the organization's cfo and accounting staff. Upon approval, a draft of umcno's form 990 is presented to all members of the umcno board of directors for review via an email link to a secure, online drop box.”

“Annually, a list of officers, directors, trustees, and key employees is compiled by the lcmc corporate compliance department. Those identified individuals are sent a compliance questionnaire to identify the potential for any conflicts. Corporate compliance monitors responses and follows up with individuals as needed to ensure completion of the questionnaire. The results of these are reviewed by the lcmc health corporate compliance department to ensure that any conflicts are identified and addressed.”

“Executive compensation is reviewed and approved annually by the board's executive committee using data from an independent compensation consultant. The committee considers market comparability, executive performance, and organizational results, and documents its decisions to ensure compliance with irs requirements for reasonable compensation.”

“All governing documents, the conflict of interest policy, and financial statements are made available to the public upon request. The governing documents are also posted online by the state of louisiana.”

“The organization utilizes lcmc health (ein: 94-3480131) , the system parent, as its designated common paymaster for payroll administration, wage reporting, and all employment tax compliance functions. As the system parent, lcmc health administers these compliance functions on behalf of the entire system. Accordingly, the 3435 employees reported on part v, line 2a represent the number of forms w-2 filed by organization a, as common paymaster, on behalf of this organization for the reporting year.”

“General medical professional fees: program service expenses 113,062,701. Management and general expenses 0. Fundraising expenses 0. Total expenses 113,062,701. General medical director fees: program service expenses 1,094,095. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,094,095. Administrative fees - health and dental: program service expenses 600. Management and general expenses 0. Fundraising expenses 0. Total expenses 600. Lab service fees: program service expenses 117,831. Management and general expenses 1,020. Fundraising expenses 0. Total expenses 118,851. Other contractual services: program service expenses 26,939,031. Management and general expenses 7,430,676. Fundraising expenses 0. Total expenses 34,369,707. Outside patient services: program service expenses 5,364,476. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,364,476. Other purchased services: program service expenses 1,439,650. Management and general expenses 26,876. Fundraising expenses 0. Total expenses 1,466,526. Recruitment expense: program service expenses 31,376. Management and general expenses 16,069. Fundraising expenses 0. Total expenses 47,445. Communication/translation services: program service expenses 2,344,746. Management and general expenses 170. Fundraising expenses 0. Total expenses 2,344,916. Outsourced services: program service expenses 2,644,160. Management and general expenses 627,004. Fundraising expenses 0. Total expenses 3,271,164. Consulting services: program service expenses 266,902. Management and general expenses 71,373. Fundraising expenses 0. Total expenses 338,275. Printing services: program service expenses 7,384. Management and general expenses 124,849. Fundraising expenses 0. Total expenses 132,233. Freight: program service expenses 638,809. Management and general expenses 10,495. Fundraising expenses 0. Total expenses 649,304. Inspection and testing: program service expenses 13,424. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,424. Gme - residents: program service expenses 31,116,761. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,116,761.”

“Lcmc's finance committee assumes responsibility for the oversight of its subsidiaries' financial statements and selection of an independent auditor. This has not changed from the previous year.”