Inland Empire Ehr Resource Center

“Brad Gilbert MD and Michael Deering are both board members for IEEHRRC, and they are both executive officers for Inland Empire Health Plan.”

“Management received the tax return from its tax professionals, reviewed it, and then provided it to its board of directors for review before filing.”

“Officers and directors are required to complete new disclosure documents annually.”

“AVAILABLE UPON REQUEST”

“Net assets at the beginning of 2016 have been adjusted to correct an error made in previous years. THE ADJUSTMENTS WERE NECESSARY FOR THE ORGANIZATION'S FINANCIAL STATEMENTS TO BE STATED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. The organization PREMATURELY recorded revenues and the costs association with these revenues before they were fully allowed to be recognized IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. The effect of this restatement was a net increase in deferred revenues of $7,713,885 and an increase in deferred costs of $2,138,835. The restatements of deferred revenues and costs resulted in an increase and decrease of related revenues and expenses, RESPECTIVELY. ThE RESTATEMENT also caused an increase of accounts receivable IN THE AMOUNT OF $92,426 DUE TO THE DISCOVERY OF PREVIOUSLY UNBILLED INVOICES. ALSO, IT WAS DETERMINED THAT AN INCREASE TO ALLOWANCE FOR DOUBTFUL ACCOUNTS WAS REQUIRED IN THE AMOUNT OF $72,080. The organization ALSO expensed property, plant and equipment that should have been capitalized. The effect of this restatement resulted in an increase of property, plant and equipment and accumulated depreciation of $97,097 and $45,857, respectively. Other items PREMATURELY expensed in previous years resulted in an increase of prepaid expenses for $20,040. THE ORGANIZATION DETERMINED SEVERAL ITEMS IN ACCOUNTS PAYABLE THAT NEEDED TO BE RECLASSIFIED AS ACCRUED LIABILITIES. THIS RESULTED IN A DECREASE OF ACCOUNTS PAYABLE AND AN INCREASE OF ACCRUED EXPENSES BY $95,484. ALSO, 59 CONTRACTS THAT WERE ENTERED INTO DID NOT HAVE ANY FEES FOR SUBSCRIPTIONS OR IMPLEMENTATION SERVICES ASSOCIATED WITH THEM. HOWEVER, THE ORGANIZATION WAS REQUIRED TO RECORD AN ACCRUAL FOR THE ESTIMATED LOSSED IT INCURRED AND WERE ASSOCIATED WITH THE CONTRACTS. THEREFORE, AN ACCRUAL FOR ESTIMATED LOSS ON CONTRACTS WAS ESTABLISHED, WHICH CREATED AN ADDITIONAL INCREASE OF ACCRUED EXPENSES OF $71,806, FOR A TOTAL INCREASE OF ACCRUED EXPENSES OF $167,290. The cumulative effect on the net assets and net income for the prior period WAS a decrease of $5,555,230 and $1,244,965, respectively.”

“The organization's financial statements are currently being audited by independent accountants. However, due to the increased work associated with a financial restatement, these accountants were not able to complete their audit before the date the tax return was required to be filed. Therefore, the tax return is based on the preliminary financial information, and will need to be amended upon the completion and issuance of the audited financial statements to incorporate the audited financial information into the return, including in schedule d. Form 990; subsequent events california intergated data exchange, inc. Merged into inland empire e.h.r. Resource center on march 1, 2017; the name of the merged entity is manifest medex which continues to operate using the federal identification number that the return is filed under.”