Physicians Health Network

“University of michigan health holdings is the parent and sole member of phn and has 100% ownership. University of michigan health holdings is owned by michigan medicine at 90% and covenant healthcare system at 10%.”

“The members of the board of directors of phn are ratified by the university of michigan health holdings board of directors.”

“The members of the board of directors of phn are ratified by the university of michigan health holdings board of directors. The decisions of the phn board of directors may be subject to the approval of the board of directors of university of michigan health holdings.”

“Copies of the 2023 form 990 are reviewed by management. Once management has completed its review of the form 990 copies were provided at the fall 2024 board meeting for all board members to review and comment on.”

“1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the ceo and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote is required on a transaction involving an interested person).”

“The process for determining compensation for the ceo involved the following: utilizing the compensation committee, using independent consultants, reviewing other similar organizations' 990s, using compensation surveys, and final approval by the university of michigan health - sparrow board of directors, as well as finalizing the salary package with a written employment contract.”

“The process for determining compensation for officers or key employees of the organization involved the following: utilizing the compensation committee, using independent consultants, reviewing other similar organizations' 990s, using compensation surveys, and final approval by the university of michigan health - sparrow board of directors, as well as finalizing the salary package with a written employment contract.”

“The governing documents, conflict of interest policy and financial statements are made available to the public as follows: the governing documents of u of m health plan are submitted to the department of insurance and financial services (difs). Those are publicly available to interested parties. The conflict of interest is available upon request.”

“All lines left blank are not applicable to the organization.”

“Physician health network (phn) is a non-profit health delivery network (hdn). In conjunction with its sister corporation, university of michigan health plan healthcare services are delivered to its members using a primary care concept in an hdn structure. University of michigan health plan is a licensed health maintenance organizations (hmo) and arranges for the provision of comprehensive outpatient and inpatient medical and surgical services to members and their qualified dependents on the basis of a fixed prepaid sum without regard to the frequency or extent of services furnished to any particular member or qualified dependent. Phn and university of michigan health plan are committed to development and delivery of quality managed care products at a reasonable cost for its members. Physician health network and university of michigan health plan are wholly owned by university health system. University of michigan health plan is primarily a commercial hmo and also operates three subsidiaries, university of michigan health insurance company, a commercial insurance company, university of michigan health medicare, a michigan medicare plan, and university of michigan health service company a third-party administrator. All staffing functions and reporting are accomplished through the use of the same staff as university of michigan health plan. Unless specifically noted, all references to u of m health plan apply to u of m health plan, u of m health insurance company, u of m health service company and u of m health medicare. U of m health plan's service area includes the michigan counties of ingham, eaton, clinton, shiawassee, montcalm, gratiot, ionia, jackson, hillsdale and portions of isabella, saginaw, washtenaw, and lenawee. U of m health insurance company offers products across michigan. As of december 31, 2023, there were approximately 28,100 enrollees in u of m health plan's commercial hmo, 25,300 in tpa, 2,300 in u of m health insurance company, and 8,300 enrollees in um health medicare. The u of m health plan network is approximately 3,068 primary care physicians, 5,503 specialty care physicians, 3,906 allied health professionals, 3,482 behavioral health providers and 746 organizational providers that include 60 hospitals. U of m health plan contracts with various hdns who provide healthcare services to members. U of m health plan's commitment is to develop and deliver quality managed care products at reasonable costs for its members. U of m health plan's success in managing health care is due in part to the extensive network of participating providers in the hdn network. The hmo/hdn contractual arrangements allow u of m health plan to arrange for healthcare to patients covered by the state of michigan's medicaid benefit plan. This arrangement allows the members to access a wide variety of independent providers within each hdn including physicians, hospitals, pharmacies, skilled nursing facilities, and allied health professionals. U of m health plan members may also receive care for services from a nonparticipating provider if such referral is recommended by an hdn participating physician and the service required for treatment, as determined by hdn, is not available within the hdn's network. U of m health plan offers a variety of healthcare programs, or products to groups and individuals. U of m health plan offers choices that provide coverage within the network of contracted hdn providers, limited coverage outside of the u of m health plan network, various levels of deductibles, co-payments, and coverage limits, all of which are designed to be responsive to customer needs. U of m health plan measures the quality of care provided to its enrollees through annual review of indicators such as: - disease management program participation and outcomes. - quality of care concerns. - hedis measures - the health plan effectiveness data and information set (hedis) is a group of nationally recognized measures of health plans performanc”

“Capital contributions 8,500,000”