Civic Intelligence

Corewell Health

990 • Fiscal year 2021 • EIN 38-2715520

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 20, 2022

1231 East Beltline NEGrand Rapids, MI 49525

(616) 391-2022

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.34x

Higher debt load relative to assets than 49% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Liabilities / Revenue

17th percentile

0.16x

Higher debt load relative to revenue than 17% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Net Margin

11th percentile

-0.3%

Higher net margin than 11% of similar nonprofits.

2021 filings • $1B+ nonprofits • Source year 2021

Top Officer Pay

87th percentile

$4,159,229

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • $1B+ nonprofits • Source year 2021

Asset Growth

11th percentile

0.3%

Faster asset growth than 11% of similar nonprofits.

2021 filings • $1B+ nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

8.6%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • $1B+ nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,003,321,140

Up $5,940,424 (+0.3%) from 2020

Net Assets

Up

$1,312,774,427

Up $104,634,369 (+8.7%) from 2020

Liabilities

Down

$690,546,713

Down $98,693,945 (-13%) from 2020

Revenue

Up

$4,330,694,532

Up $343,432,861 (+8.6%) from 2020

Expenses

Up

$4,341,991,959

Up $450,538,595 (+12%) from 2020

Net Income

Down

-$11,297,427

Down $107,105,734 (-112%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0B$2.0B$1.0B$0Assets 2011: $502,347,118Liabilities 2011: $275,122,913Net Assets 2011: $227,224,2052011Assets 2012: $569,700,653Liabilities 2012: $264,175,164Net Assets 2012: $305,525,4892012Assets 2013: $650,080,191Liabilities 2013: $257,018,012Net Assets 2013: $393,062,1792013Assets 2014: $771,566,127Liabilities 2014: $302,778,294Net Assets 2014: $468,787,8332014Assets 2015: $935,637,044Liabilities 2015: $406,307,790Net Assets 2015: $529,329,2542015Assets 2016: $1,024,534,162Liabilities 2016: $450,477,884Net Assets 2016: $574,056,2782016Assets 2017: $1,189,975,844Liabilities 2017: $520,718,683Net Assets 2017: $669,257,1612017Assets 2018: $1,276,184,676Liabilities 2018: $516,041,187Net Assets 2018: $760,143,4892018Assets 2019: $1,507,787,414Liabilities 2019: $542,944,400Net Assets 2019: $964,843,0142019Assets 2020: $1,997,380,716Liabilities 2020: $789,240,658Net Assets 2020: $1,208,140,0582020Assets 2021: $2,003,321,140Liabilities 2021: $690,546,713Net Assets 2021: $1,312,774,4272021Assets 2022: $1,979,660,437Liabilities 2022: $704,252,394Net Assets 2022: $1,275,408,0432022Assets 2023: $2,147,971,026Liabilities 2023: $734,060,652Net Assets 2023: $1,413,910,3742023Assets 2024: $2,373,992,522Liabilities 2024: $875,485,934Net Assets 2024: $1,498,506,5882024

Highlighted filing

2021

Assets$2,003,321,140
Liabilities$690,546,713
Net Assets$1,312,774,427

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0B$4.0B$2.0B$0-$2.0BRevenue 2011: $1,868,373,524Expenses 2011: $1,834,777,716Net Income 2011: $33,595,8082011Expenses 2012: $1,878,070,9682012Revenue 2013: $1,878,694,763Expenses 2013: $1,820,183,885Net Income 2013: $58,510,8782013Revenue 2014: $1,994,810,250Expenses 2014: $1,903,436,865Net Income 2014: $91,373,3852014Revenue 2015: $2,219,948,393Expenses 2015: $2,128,505,718Net Income 2015: $91,442,6752015Revenue 2016: $2,682,911,106Expenses 2016: $2,631,761,473Net Income 2016: $51,149,6332016Revenue 2017: $3,035,414,352Expenses 2017: $2,956,027,143Net Income 2017: $79,387,2092017Revenue 2018: $3,203,751,498Expenses 2018: $3,079,853,067Net Income 2018: $123,898,4312018Revenue 2019: $3,469,212,832Expenses 2019: $3,324,498,417Net Income 2019: $144,714,4152019Revenue 2020: $3,987,261,671Expenses 2020: $3,891,453,364Net Income 2020: $95,808,3072020Revenue 2021: $4,330,694,532Expenses 2021: $4,341,991,959Net Income 2021: -$11,297,4272021Revenue 2022: $4,806,940,186Expenses 2022: $4,702,803,936Net Income 2022: $104,136,2502022Revenue 2023: $5,417,873,632Expenses 2023: $5,399,882,862Net Income 2023: $17,990,7702023Revenue 2024: $5,934,612,352Expenses 2024: $5,933,816,597Net Income 2024: $795,7552024

Highlighted filing

2021

Revenue$4,330,694,532
Expenses$4,341,991,959
Net Income-$11,297,427
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 20, 2022
Return Version
2021v4.2
Gross Receipts
$7,858,282,070
Mission and Program Overview

Mission

To improve the health, and therefore the lives, of the members and communities we serve.

To Improve Health, inspire hope and save lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,054,733,052$1,190,244,955▲ $135,511,903
Investments in Publicly Traded Securities$839,308,775$889,096,644▲ $49,787,869
Savings and Temporary Cash Investments$545,417,011$432,117,084▼ $113,299,927
Investments Program Related$267,923,232$350,601,648▲ $82,678,416
Accounts Receivable$166,391,917$208,942,952▲ $42,551,035
Pd in Cap Srpls Land Bldg Eqp Fund$153,398,482$122,521,001▼ $30,877,481
Intangible Assets$45,507,319$40,450,949▼ $5,056,370
Cash and Non-Interest-Bearing Accounts$31,312,072$31,438,031▲ $125,959
Land, Buildings, and Equipment, Net$26,182,619$25,521,841▼ $660,778
Cap Stk Tr Prin Current Funds$8,524$8,471▼ $53
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Loans From Officers Directors$0$0→ $0
Total Assets$1,997,380,716$2,003,321,140▲ $5,940,424
Other Assets Total$75,337,771$25,151,991▼ $50,185,780
Liabilities
Accounts Payable and Accrued Expenses$466,476,401$477,056,266▲ $10,579,865
Other Liabilities$267,751,395$148,386,074▼ $119,365,321
Deferred Revenue$36,850,880$46,942,391▲ $10,091,511
Mortgage Notes Payable Secured by Investment Property$18,161,982$18,161,982→ $0
Total Liabilities$789,240,658$690,546,713▼ $98,693,945
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,208,140,058$1,312,774,427▲ $104,634,369
Total Liabilities and Net Assets / Fund Balance$1,997,380,716$2,003,321,140▲ $5,940,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,133,841$10,708,387$25,842,228
Land$10,388,000-$10,388,000
Leasehold Improvements$0$210,669$210,669
Investment Program Related Org$350,601,648--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Treasurer & SVP, Finance - Part YearPT$198,213$1,513,937$1,712,150
-Former President & CEO-$21,507$1,348,074$1,369,581
-President & CEOPT$581,587$514,904$1,096,491
-Interim SVP, Employer Solutions - Part YearPT$141,510$398,597$540,107
-SVP, ADVANCED ANALYTICS/CHIEF ACTUARY - Part YearPT$260,167$246,970$507,137
-SECRETARY, SVP, General CounselPT$280,966$223,653$504,619
-SVP, Chief Medical OfficerPT$292,701$208,129$500,830
-SVP, Information ServicesFT$261,288$218,087$479,375
-SVP, Provider Network & Health Plans OpsPT$225,665$174,533$400,198
-Former Key Employee-$26,652$372,859$399,511
-SVP, Human ResourcesFT$208,157$185,642$393,799
-SVP, Employer SolutionsFT$233,699$137,588$371,287
-VP, Senior ActuaryFT$196,036$124,838$320,874
-VP, Senior Markets - Part YearFT$184,887$133,187$318,074
-VP, Provider Network PerformanceFT$188,383$128,971$317,354
-Treasurer & SVP, FinancePT$183,005$116,622$299,627
-Medical DirectorFT$213,625$81,778$295,403
-SVP, Government MarketsPT$67,199$186,102$253,301
-Chair-$20,078$20,078$40,156

Board Members and Trustees

NameTitle
-Director
-Former VP, System Total Value

Highest Paid Contractors

ContractorServicesLocationCompensation
Express ScriptsClaims Services1 Express Way, St Louis, MO 63121$979,144,835
Regents Of University Of MichiganClaims Services1500 EAST MEDICAL CENTER DRIVE, Ann Arbor, MI 48109$107,118,759
Munson Medical CenterClaims Services1105 6TH STREET, Traverse City, MI 49684$101,073,771
Metropolitan HospitalClaims Services5900 Byron Center Ave SW, Wyoming, MI 49519$95,471,939
Saint Marys Health ServicesClaims Services200 JEFFERSON STREET SE, Grand Rapids, MI 49503$92,033,661
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,290,537,956
Investment Income
$39,473,636
Other Revenue
$682,940
Change in Net Assets
$-11,297,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$245,211,808
Other Expenses$227,124,156
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$3,869,655,995--$3,869,655,995
Other Salaries and Wages$104,173,488$85,232,853-$189,406,341
Fees for Services Other$43,868,263$35,892,215$0$79,760,478
Other Employee Benefits$15,145,216$12,391,540-$27,536,756
Payroll Taxes$11,907,420$9,742,435-$21,649,855
Advertising$10,255,677$8,391,009-$18,646,686
Depreciation Depletion$7,065,996$5,781,270-$12,847,266
Current Officers, Directors, Trustees, and Key Employees$3,603,485$2,948,306-$6,551,791
Office Expenses$3,260,052$2,667,316-$5,927,368
Occupancy$2,492,346$2,039,192-$4,531,538
Fees for Service Investment Mgmnt Fees-$1,780,505-$1,780,505
Fees for Services Accounting-$1,130,742-$1,130,742
All Other Expenses$605,860$495,704$0$1,101,564
Other Expenses$364,653$298,352-$663,005
Insurance$359,711$294,309-$654,020
Interest$246,712--$246,712
Travel$79,307$64,888-$144,195
Conferences and Meetings$76,006$62,186-$138,192
Information Technology$61,122$50,009-$111,131
Fees for Services Legal-$88,388-$88,388
Comp Disqual Persons$36,886$30,179-$67,065
Fees for Services Lobbying$37,789--$37,789
Total Functional Expenses$4,141,166,382$200,825,577$0$4,341,991,959
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board member owning more than 35% of entity doing business with Priority Health.Business RelationshipNo$211,648
-Son of Mr. Michael Koziara, a Key Employee of the organization.EmploymentNo$67,065

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
PPACA Fee Payable$87,852,647
Other Liabilities$37,185,468
Due to affiliates$23,347,959
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL

The BHSH System Board of Directors (through its Compensation Committee) uses the following process for determining compensation of the top management officials, other officers, and key employees at Priority Health. Labor market data reflecting comparable organizations and jobs (prepared by independent firms) are relied upon in setting compensation levels. Competitive assessment reports are provided to the Compensation Committee in advance of meetings. The competitive assessment report is prepared by a nationally known independent executive compensation firm. For Calendar Year 2021 (1/1/21-12/31/21), the following surveys, prepared by independent firms, were the primary sources referenced to obtain market data for the review: * Aon: 2020 Total Compensation Measurement Survey: Financial Services Survey * BDO: 2020 USA Health Insurance Plans Survey * Integrated Healthcare Strategies: 2020 National Healthcare Leadership Compensation Survey * Mercer: 2020 IHN Healthcare Compensation Survey * Mercer: 2020 IHN Health Plan Compensation Survey * Sullivan Cotter Associates: 2020 Manager and Executive Compensation in Hospitals and Health Systems Survey In addition, three general industry surveys were referenced: * Aon: 2020 Total Compensation Measurement Survey: General Industry * Mercer: 2020 US Executive Remuneration Suite * Willis Towers Watson: 2020 Executive Compensation Survey In addition to the above data sources, the Compensation Committee approved the creation of a custom peer group of high performing integrated health systems to ensure robust data and a relevant comparator universe. The peer group organizations are approved by the Compensation Committee and consists of healthcare systems similar in revenue size, market competitors, high performers, financially stable as indicated by bond rating and that follow a similar strategy (multi-site systems, health plans). Data for the peer group organizations is compiled by the independent executive compensation firm. Compensation adjustments are approved by Compensation Committee members, consistent with the Spectrum Health compensation philosophy described below. Minutes of Committee discussions and decisions are prepared to memorialize Compensation Committee decisions based upon the above data. Cash compensation data relied upon by the Compensation Committee is national and reflects the compensation paid to executives in comparable jobs in comparably sized health care and / or health insurance organizations. Spectrum Health recruits nationally for its executives. Benefits data reflect national health care / health insurance market practices. This process is intended to assist Spectrum Health in qualifying for the rebuttable presumption of reasonableness (Intermediate Sanctions Regulations) and complying with the potential Spectrum Health Excess Benefit Transaction Policy for those individuals in the group who are disqualified persons. The opinion submitted from the third-party independent consulting firm is in accordance with the provisions of Treasury Regulations Section 53.4958-6(c)(2) and is also intended to satisfy the professional advice requirement of Treasury Regulations Section 53.4958-1(d)(4)(iii).

Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES

See explanation provided for form 990, part vi, line 15a.

Form 990, Part VI, Line 1A Delegate broad authority to A committee

Committees - The Chair of the Board of Directors may establish such standing or special committees from time to time as he or she will deem appropriate to conduct the activities of the corporation, and will define the powers and responsibilities of such committees. Persons who are not members of the Board of Directors will be eligible to serve on committees other than the Executive Committee. The members and chair of all committees will be appointed by the Chair of the Board of Directors for a one (1) year term or until their successors are duly elected, but will be subject to removal at any time by the Chair of the Board of Directors. A committee will have the specific powers and responsibilities as determined by the Board of Directors excluding those powers and responsibilities retained by the shareholders or Board of Directors pursuant to the Articles of Incorporation or Bylaws of the corporation. Executive Committee - The Chair of the Board of Directors may appoint an Executive Committee consisting of the Chair of the Board of Directors, the Vice Chair, and such additional directors as the Chair of the Board of Directors may determine from time to time. The Executive Committee may exercise all powers and authority of the Board of Directors in managing the corporation between meetings of the Board of Directors (within the limits prescribed by the Articles of Incorporation or Bylaws of the corporation or by law) or may have such specific powers and responsibilities as determined by the Chair of the Board of Directors.

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

CERTAIN MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION ALSO SERVE ON THE BOARD OF DIRECTORS AND/OR AS OFFICERS OF RELATED TAXABLE ENTITIES - Business relationship

Form 990, Part VI, Line 4 Significant changes to organizational documents

The organization updated its bylaws to reflect the redemption and removal of Mclaren Northern Michigan, a Class B 0.6% shareholder.

Form 990, Part VI, Line 6 Classes of members or stockholders

The Organization has two shareholders as follows: BHSH System (EIN 38-3382353), Class A Shareholder - 94.44% Munson Healthcare (EIN 38-2640544), Class B Shareholder - 5.56% All Shareholders are tax-exempt Internal Revenue Code Section 501(c)(3) organizations.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Election of Members and Their Rights From Priority Health bylaws: 6.2 Number and Class of Directors. The Board of Directors will be composed of not less than fifteen (15) and not more than twenty-one (21) members, to be determined as followed: 6.2.1 In addition to the requirement of MCL 500.3511(1), if applicable, that at least one member of the Board of Directors represents the membership of the health maintenance organization, at least one-third (1/3) of the directors (including any member representative required by law) will be adult enrollees of Priority Health or an affiliate elected pursuant to Section 6.3 below. At least one (1) of such adult enrollee directors will be from the corporation's Northern service area that is also served by the Class B Shareholder 6.2.2 One (1) of the directors will be appointed by the Class B Shareholder. 6.2.3 The remainder of the directors will be appointed by the Class A Shareholder. If all of the Class A Shareholder director appointments are not full, the President of the Corporation shall automatically be appointed as one of the Class A Shareholder appointees upon appointment to the position of President of the Corporation and shall serve as an ex-officio voting member of the Board of Directors. 6.3 Election of Adult Enrollee Members. The Governance Committee or similarly delegated committee of the Board of Directors will solicit names of potential candidates from the members, shareholders, directors and community. The Committee will submit to the Board of Directors a list of nominees for election to the Board of Directors as adult enrollee representatives. At least one (1) member will be nominated for each directorship to be filled at such annual meeting. No more than two (2) persons employed by or affiliated with any one (1) employer or other group may be nominated. 6.4 Term. The adult enrollee members will be divided into three (3) classes, which will be as evenly divided as possible. The terms of office of the classes will expire in three (3) successive years, with one (1) class expiring each year. Each elected director will be elected for a term of three (3) years (except for the directors elected immediately after adoption of this Section 6.4 who will serve the terms designated by the Board of Directors). The directors appointed by the Class A and Class B Shareholders will serve one (1) year terms or until such time as their successor is appointed. The director appointed by the Class B Shareholder will serve until such time as his or her successor is appointed. 6.5 Vacancies. Any vacancy in a Board of Director position designated by the Class A and Class B Shareholders will be filled by the Class A and Class B Shareholders, respectively. Any vacancy in a position for an adult enrollee will be filled by the remaining adult enrollees on the Board of Directors. Each person appointed to fill a vacancy will complete the unexpired portion of the original term of the director being replaced or such term as designated by the shareholder, following non-binding consultation with the Chair of the corporation's Board; or (ii) allow the seat to remain vacant until an individual is appointed by the shareholder pursuant to Section 6.4 of these Bylaws.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Decisions Subject to Approval of shareholders (Not Members) Certain decisions are subject to approval of shareholders. From Priority Health bylaws: 2.2 Class A Shareholder's Reserved Powers. The Class A Shareholder shall have the reserved powers set forth in this Section 2.2. The corporation's Board of Directors may recommend action to the Class A Shareholder with respect to the reserved powers set forth in this Section 2.2. The actions listed below may, notwithstanding any other provision of these Bylaws or the Articles, be unilaterally caused and/or taken by the Class A Shareholder, within its sole and exclusive power and discretion, and shall not be deemed authorized unless and until approved by the Class A Shareholder: 2.2.1 Amendment of the Articles of Incorporation or Bylaws of the corporation as provided in Section 13.1 of these Bylaws; 2.2.2 Election and/or removal of the Class A Shareholder-appointed members of the corporation's Board of Directors pursuant to Article VI of these Bylaws; 2.2.3 Election and/or removal of the corporation's Chair of the Board of Directors; 2.2.4 Hiring, discharge, and evaluation of the corporation's President following consultation with the corporation's Board of Directors pursuant to Section 7.3; 2.2.5 Adoption of the corporation's strategic plan(s); 2.2.6 Adoption of the corporation's annual operating and capital budgets, and any amendments to such budgets in excess of the Authority Matrix Amount; 2.2.7 All capital expenditures by the corporation in excess of that amount (the "Authority Matrix Amount") set forth in the Authority Matrix For Capital Expenditures and Loans to Non-Spectrum Health Entities (the "Expenditure Authority Matrix"), a current copy of which is attached hereto as Exhibit A and which may be amended from time to time by BHSH System ("Spectrum Health"); 2.2.8 All borrowings or guarantees of indebtedness by the corporation (or any entity controlled by the corporation), including any operating lease in an amount greater than one million dollars ($1,000,000.00) during the initial lease term, not including renewals and/or extensions; 2.2.9 All lending by the corporation (or any entity controlled by the corporation) to persons other than Spectrum Health or an entity controlled by Spectrum Health in excess of the Authority Matrix Amount; 2.2.10 The corporation's investments of cash and/or reserves, whether on an individual basis or as part of a pooled investment strategy; 2.2.11 Any merger or consolidation of the corporation (or any entity controlled by the corporation), or any other change in ownership percentages, control, or capital structure of the corporation (or any entity controlled by the corporation); 2.2.12 The purchase of all, or a majority of, another corporation, limited liability company, partnership or other legal entity's stock, membership interest, partnership interest, other ownership interest, or assets; 2.2.13 The creation of any entity controlled, directly or indirectly, by the corporation; 2.2.14 The sale or transfer of more than ten percent (10%) of the assets of the corporation (or any entity controlled by the corporation) to any person or entity not controlled by Spectrum Health; 2.2.15 Dissolution of the corporation; 2.2.16 The selection, retention, and oversight of the outside auditors for the corporation (or any entity controlled by the corporation); and 2.2.17 In other cases when required by law or as otherwise provided in these Bylaws. The Class A Shareholder, prior to exercising any of the reserved powers set forth above, shall notify the Class B Shareholder (provided such action is not taken at a duly called meeting of the shareholders, Board of Directors or any designated committee). 2.3 Class B Shareholder's Reserved Powers. The Class B Shareholder shall have the reserved powers set forth in this Section 2.3. The corporation's Board of Directors may recommend action to the Class B Shareholder with respect to the reserved powers set forth in

Form 990, Part VI, Line 11B Review of form 990 by governing body

The review process for this Form 990 is as follows: 1. Preparation of the return is supervised and reviewed by the organization's Corporate Tax Manager. 2. A second review is performed by an external CPA firm with expertise in tax-exempt return preparation. 3. The return is reviewed by the organization's finance and legal departments (Including the SVP, Finance and SVP, General Counsel) and shared with the members of the finance committee and board of directors. 4. The organization's SVP, Finance reviews comments or questions received from members of the Board of Directors, if any, to address or to incorporate, as appropriate, into the return prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

BOARD OF DIRECTORS 1. Conflicts of interest must be disclosed to other members of the Board of Directors and Board of Directors members must not vote or use personal influence on any matter in which the director has a conflict of interest. 2. A person having a financial interest in a proposed transaction or arrangement may make a presentation at a meeting of the Board of Directors or committee considering that transaction or arrangement, but after that presentation he or she shall leave the meeting during discussion and voting on that proposed transaction or arrangement. The person having the financial interest shall not be counted in determining whether a quorum is present. 3. The chairperson of the Board of Directors or committee shall, if appropriate, appoint a disinterested person or committee (including outside advisors) to investigate alternatives to the proposed transaction or arrangement, and to advise whether the proposed transaction or arrangement is in the organization's best interest. 4. The Board of Directors or committee shall exercise due diligence to determine whether the organization can, with reasonable efforts, obtain a more advantageous transaction or arrangement that would not give rise to a conflict of interest. 5. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the Board of Directors or committee shall determine by a majority vote of the disinterested directors and members whether the proposed transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization, and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. 6. The minutes of the meetings of the Board of Directors and all of the organization's committees shall set forth: a) The names of the persons who disclosed a financial interest in a proposed transaction or arrangement involving the organization or any of its subsidiaries and the nature of the financial interest; and b) The names of the persons who were present for discussions and votes relating to such transaction or arrangement, including any discussion of alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with that matter. The votes of individual members need not be recorded unless otherwise directed by the Board of Directors or committee. 7. There is an ongoing requirement that members of the board of directors complete another disclosure questionnaire at any point during his/her tenure on the board of directors when a new potential conflict of interest arises. If a member of the board of directors completes a disclosure questionnaire as a result of a new potential conflict of interest, that disclosure questionnaire is submitted to the legal and compliance departments for review. MANAGEMENT 1. UPON ACCEPTANCE OF AN EMPLOYMENT OFFER, EACH MEMBER OF MANAGEMENT COMPLETES A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. A COPY OF THE MEMBER OF MANAGEMENT'S DISCLOSURE QUESTIONNAIRE IS SENT TO THE COMPLIANCE DEPARTMENT. A COPY OF THE MEMBER OF MANAGEMENT'S DISCLOSURE IS REVIEWED BY THE COI TEAM AND ESCALATED TO THE COI COMMITTEE IF NECESSARY. 2. ANNUALLY, EACH MEMBER OF MANAGEMENT COMPLETES AN ANNUAL CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE ELECTRONICALLY. THE DISCLOSURE QUESTIONNAIRE IS REVIEWED BY THE LEGAL AND COMPLIANCE DEPARTMENTS. 3. THERE IS AN ONGOING REQUIREMENT THAT MEMBERS OF MANAGEMENT COMPLETE ANOTHER DISCLOSURE QUESTIONNAIRE AT ANY POINT DURING HIS/HER EMPLOYMENT WHEN A NEW POTENTIAL CONFLICT OF INTEREST ARISES. IF A MEMBER OF MANAGEMENT COMPLETES A DISCLOSURE QUESTIONNAIRE AS A RESULT OF A NEW POTENTIAL CONFLICT OF INTEREST, THAT DISCLOSURE QUESTIONNAIRE IS SUBMITTED TO THE LEGAL AND COMPLIANCE DEPARTMENTS. 4. THE LEGAL AND COMPLIANCE DEPARTMENTS, IN CONSULTATION

Form 990, Part VI, Line 19 Required documents available to the public

The organization's Articles of Incorporation and Statutory Financial Statements are on file with the State of Michigan and available to the public on the State's website. The organization's bylaws and internal policies are generally not made available to the public. The overall system consolidated financial statements are provided at https://www.spectrumhealth.org/about-us/value-and-transparency. Financial performance is discussed at an annual public meeting held and posted to https://www.spectrumhealth.org/about-us/value-and-transparency.

Form 990, Part VII, Section A, Line 2 Individuals Compensated more than $100,000

There are no individuals reported as all are employed by the parent organization bhsh system. Refer to the disclosure for form 990, part v, line 2a for further detail.

Form 990, Part VII, Section A COMPENSATION OF DIRECTORS

Based on external opinion by sullivan cotter and associates, inc., priority health compensates board members in a manner that is reasonable in relation to market data. Board of directors compensation is reviewed annually by internal staff to confirm compensation falls within reasonable limits. Any compensation amount is treated as taxable to the board member and is reported and provided to them on form 1099, as required according to the reporting thresholds. Certain board members are employed by a related organization. Compensation reported in part vii, section a, column e is for services performed for the related organization, not the filing organization.

Filing and Contact Details

Filer

Filer Name
Priority Health
EIN
38-2715520
Phone
6163912022
Address
1231 East Beltline NE, Grand Rapids, MI 49525

Signing Officer

Name
Nick Gates
Title
SVP, Finance
Phone
6164648144
Signed
2022-10-20
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Mi
Voting Board Members
16
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Bdo USA Llp
Address
200 Ottawa Ave NW Suite 300, Grand Rapids, MI 49503
Preparer
Jacob Cook
Phone
6167747000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A PROGRAM SERVICE DESCRIPTION - PRIORITY HEALTH HMO

Priority health is an integral part of the bhsh system, an integrated not-for-profit health system serving communities throughout michigan. Priority health's mission, led by its community board, strives to return value to the communities served beyond the provision of health care to its members. Priority health has built a long history of offering michigan employers and individuals progressive products and innovative programs intended to keep costs down and members healthy. Its broad portfolio of products and services includes traditional medical plans as well as hsa's, hra's and other consumer-driven products. Priority health has consistently maintained "accredited " status with a 4.5 out of 5 star rating for its hmo products from the national committee for quality assurance (ncqa), an independent managed care accrediting body . Priority health has also maintained an "a" (excellent) financial strength rating for six consecutive years from a.m. Best, a health insurance ratings agency, recognizing the financial strength of the organization and focus on managing the cost of health care for its community. In early 2020, priority health completed a merger with total health care, inc., a health plan based in southwest michigan. The medicaid business was integrated into priority health choice, inc. In october 2021, while the commercial business will be integrated into priority health in 2022. As part of this merger, a foundation was established to which priority health committed $25 million to focus on improving health in detroit area communities. The foundation will support and invest in health care initiatives that increase access, improve outcomes, and having a meaningful impact on the lives of the people in and around the city of detroit. Priority health's majority shareholder, bhsh system is a not-for-profit health system that provides care and coverage with an exceptional team of 31,000+ dedicated people-including more than 4,700 physicians and advanced practice providers in 14 hospitals, 150+ outpatient locations and several post-acute facilities; and priority health, a provider-sponsored health plan serving over 1.2 million members across the state of michigan. The organization provided $505 million in community benefit during calendar year 2021. Bhsh system is one of the top health systems in the country and expanded its footprint with its 2022 integration of beaumont health in southeast michigan. The affordable care act (aca) added new requirements that hospital organizations must satisfy in order to maintain tax exempt status under irc section 501(c)(3). One of the requirements under this act is to conduct a community health needs assessment (chna) and adopt an implementation strategy at least once every three years. Spectrum health completed several implementation plans identifying the community health needs and implementation plan goals for each spectrum health hospital. One need identified in the chna's is access to health care, which includes improving access to affordable health care for all community members. In addition, all community members should have access to preventive care and medical home care, including the uninsured and low-income working individuals. Spectrum health works closely with priority health to achieve the identified needs and goals. Priority health pursues initiatives that support the triple aim of enhancing the quality and experience of care for the patient, improving the health of populations, and reducing the costs of healthcare. In 2021, priority health lowered health costs across all lines of business by $20 million in incremental savings through new or expanded managed care initiatives and chronic disease management programs. These programs influence physician practices, promote appropriate health care utilization and increase quality, which extends beyond priority health's members. In addition to the managed care savings above, priority health pursues initiatives to prevent individuals f

Form 990, Part III, Line 4A PROGRAM SERVICE DESCRIPTION - PRIORITY HEALTH HMO (CONTINUED)

Priority health has been a leader in patient-centered care and has a proven record of working with physicians to improve health outcomes. Through its partners in performance program, priority health encourages and rewards the quality care of primary care physicians. The physicians and practices selected for the priority health quality awards have achieved the highest overall scores for ensuring patients receive preventive care, control chronic disease and have a good experience. Each award recipient is selected by analyzing the results of the priority health primary care provider incentive program, a program that tracks clinical quality measures against national standards and evidence-based medicine. Priority health paid primary care providers more than $39 million in 2022 based on their performance in 2021. The program's success is clearly demonstrated by the number of priority health members who receive preventive screenings. In the last year, more than 74% of priority health members received routine colorectal cancer screening exams compared to a national average of 65% and 77% of members received recommended breast cancer screening compared to the national average of 73%. Priority health shares risk with providers and employers by offering these incentives and other risk sharing arrangements. This promotes lower overall health care costs and improved quality to the community. In 2015, priority health launched a cost estimator tool to help members calculate their out-of-pocket costs to find the most affordable services. The online cost estimator tool displays priority health specific fees for 300 common health care procedures. The cost estimator recommends lower-cost doctor/facility options to help ensure members get the highest-quality care at the best price. This innovative tool supports priority health's continued market leadership in transparency and lowers the cost of care to the community. Since launching in 2015, the cost estimator has resulted in cumulative shared savings of more than $17 million. The priority health third party liability (tpl) team has consistently improved outcomes by increasing savings through audit, analysis, and thorough account evaluation. With emphasis on improving both member and provider satisfaction, program improvements were made at the end of 2019 to expedite liability determinations by focusing on cost containment efforts and driving continuous improvement in all areas of the department, the tpl team has been able to create efficiencies while realizing program savings of over $29 million. The michigan department of insurance and financial services (difs) adopted the obama administration's extension of the transitional "as is" policy. This decision allows insurers to decide whether they would continue offering policies that are not compliant with the aca, which became permissible when the federal government delayed the required shift to aca-approved insurance coverage. While major competitors have shut down plans, priority health continues to offer an extension of its pre-aca individual and group health plans to subscribers as long as permitted by regulatory guidance. The decision to extend plans is consistent with priority health's commitment to provide individuals with flexibility and choice.

Form 990, Part III, Line 4A PROGRAM SERVICE DESCRIPTION - PRIORITY HEALTH HMO (CONTINUED)

As a requirement of the aca, each state selects an essential health benefits "benchmark plan" that serves as a reference for all other health plans to follow (individual and small business), when designing the scope and limitations surrounding covered services. A benchmark plan is chosen by each state every five years. Priority health was selected as the state's benchmark plan in 2012 and is the only health plan in michigan to ever earn this designation. Starting in 2017 (continuing in 2018 and forward), the michigan department of insurance and financial services (difs) has recommended the priority health hmo plan to continue to serve as the essential health benefits benchmark for the state. The recommendation underscores priority health's ability to deliver incredible value and create innovative solutions that impact health care costs while maximizing customer experience. Priority health's hmo plan was selected because difs believes it achieves the best balance between comprehensiveness and cost-effectiveness for michigan consumers. The michigan association of health plans (mahp), an industry voice for the state's health care plans, recognizes best practices in health plans by sponsoring the pinnacle awards. Health plans are recognized for achievements in addressing the challenges of a shifting healthcare environment through improvements in operations, clinical services, disease management and community outreach. The pinnacle award continues to serve as an emblem of excellence to the member plans that are recognized. Priority health continues to be recognized for its development of programs that have led to increased efficiency and patient care, helping lower costs, and increase service to its michigan patients by the michigan association of health plans. Priority health hopes to continue its history of being recognized for its focus on improving health while lowering cost. In 2021, following a year in whch the pinnacle awards were postponed due to the covid-19 pandemic, 8 michigan health plans from across the state submitted 24 programs demonstrating creative approaches to solving problems and improving services in the commerical, medicare, and medicaid sectors. These 24 ground-breaking programs considered for mahp's annual pinnacle awards, show an entrepreneurial spirit and an interest in serving members as well as to increase efficiency and improve patient health care while lowering costs and increasing service to michigan citizens. A panel of 9 judges, representing other healthcare organizations, government, and businesses thoroughly reviewed and deliberated the 24 submissions and selected priority health as one of the winners of a 2021 pinnacle award in 2021, priority health won a pinnacle award for its medicaid product with their asthma environmental housing project. The priority health medicaid asthma environmental housing program reduced emergency department visits by 61.4% and decreased annual medical spending by over $675,000. The program's goal was to improve housing related aspects of poorly controlled asthma for 25 households in kent county. The program provided households with tailored asthma education, an asthma management plan, community health worker support, care managment services, if necessary, and housing repairs or removal of environmental triggers where possible. Priority health won a 2019 pinnacle award for community outreach by a single plan. Priority health, while working closely with mahp's children's special health care services ("cshcs") and their families, was quick to identify needs and gaps in knowledge related to care coordination between these families and the community providers they rely on to serve them. In response to these findings, priority health launched the medically complex children's information sharing events. These events are held quarterly to provide a venue for health care providers and community partners who work with the cshcs population to network, share information, establi

Form 990, Part III, Line 4C PROGRAM SERVICE DESCRIPTION - PRIORITY HEALTH WELLNESS

Prevention and wellness have been the foundation of priority health's approach to health care. Priority health provides wellness tools and resources via an online wellbeing platform within its commercial standard health plans. It also offers a standardized, best-in-class wellbeing engagement program named prioritywellto empower their employees to pursue healthier lifestyles. In addition to health plan offerings, priority health participates in, and sponsors, wellness programs for the community at large to improve the health of all people, not just members. In 2021, approximately 25 staff hours of social media, television, podcasts and conference presentations were provided to the community to promote healthy living. Priority health's wellness programs address the overall wellbeing of its members. Employers are able to support the overall wellbeing of their employees and improve engagement, satisfaction and productivity, ultimately resulting in improved talent retention and a healthier workforce. Priority health partners with employers to help them deliver targeted, smart programs that effectively improve employee physical and emotional health while also improving workplace morale and reducing overall health costs with a personalized wellbeing approach. Additionally, disease prevention and intervention programs are avaialble to members through a digital engagement environment. Priority health offers a wellbeing hub, which offers a personalized online wellness experience tailored to each employee's individual needs. The wellbeing hub, available to all priority health members, offers members access to content and tools centered on supporting stress management, nutrition, weight loss, quitting tobacco, chronic condition management, financial support, sleep health and more. In recent years priority health has sponsored many community education programs, health fairs, walks/runs/triathlons and newsletters. During 2021, priority health contributed over $51,000 by offering discount codes to promote wellness and sponsor walks/runs across the state. One of the more significant contributions was to the msu gran fondo, a cycling event to actively engage the community while accelerating skin cancer awareness, prevention and research. The annual event was held in september and had over 1,500 riders. The contributions received over the lifetime of this event have totaled over $1 million with 100% of every dollar raised benefiting skin cancer awareness, prevention and research. In addition to the gran fondo, priority health has been a supporter of arts, beats & eats, oakland county's favorite summer festival celebrating art, music, cuisine and community for nearly a decade. More than 375,000 people attend the weekend-long festival. Priority health supported a free zumba-thon and promoted healthy choices at food trucks with nutrition labels. Priority health zumbathon day had more than 200 participants. Priority health participates in partnership with maranda, a west michigan news personality, directing messages to children on health and other positive messaging. Maranda presents a tv series called "where you live" and brings in experts to talk to kids about healthy living. Priority health is one of the longest running supporters of the maranda park parties, which provide free food, health, and fitness activities for children at inner city public parks throughout west michigan. The park parties have been recognized by the usda as one of the nation's largest summer feeding programs and while covid-19 didn't allow maranda to host parties, she partnered with dozens of schools in west michigan to support the usda efforts to feed families in crisis at drive-through food distribution sites. Priority health distributed thousands of backpacks, pedometers and sunscreen packets to kids and families throughout the summer. Priority health partners to support free access to wellness opportunities throughout the state. The broader community is welcome to att

Form 990, Part III, Line 4C PROGRAM SERVICE DESCRIPTION - PRIORITY HEALTH WELLNESS (CONTINUED)

In 2021, priority health continued its partnership with the detroit lions. This sponsorship helps support the team's efforts to serve as community advocates by bringing awareness to health plan options during covid-19 through marketing efforts . In 2021, priority health partnered with the detroit pistons to support various youth activities that supported leadership, empowerment, making smart choices for the future, the girls dream big summit, diversity efforts including martin luther king jr. Day and black history month. Through this partnership, priority health awarded a $20,000 check to a detroit area student to pursue higher education. Priority health also provided over $52,000 to forgotten harvest to support programs for food insecure individuals, including a mobile food pantry for more than 3,000 seniors in wayne, macomb, and oakland counties. Additionally, a total of over 550,000 diapers were distributed to families in need in 2021 in detroit, battle creek and kalamazoo through priority health for good diaper giveaway efforts. With a commitment to supporting employee citizenship and engaging our team members in community relations, priority health hosted the second annual priority health for good giving week, which distributed $20,000 to local nonprofits working to address health equity and support other social issues. Non-profits included: march of dimes, children's foundation, national alliance on mental illness of michigan, uniting three fires against violence, firm transitional services, have mercy, and special olympics michigan. In october 2021, priority health became the official health sponsor of the detroit marathon, contributing $15,000 and sharing digital content to support runners as they prepared for the marathon. The company also sponsored a team of runners. In an increased effort to bring awareness to and improve health equity in michigan, priority health launched the priority health for good on the road campaign which distributed tens of thousands of dollars to community based organizations that are creating accessible opportunities to better health, including $100,000 to connect 313 an organization within the city of detroit working to address the digital divide. Additionally, the partnership with the national fitness campaign continued as did the effort to distribute diapers to families who experienced additional burden due to the covid-19 pandemic. Doubling down on efforts from 2020, priority health donated more than $180,000 to supplement diaper supplies for families in detroit area and southwest michigan. With an understanding that human health and environmental health is interconnected, priority health contributed $10,000 to releaf michigan to plant trees throughout the state in areas with less tree canopy. Each year, priority health employees contribute to community during giving tuesday week by supporting non-profits that are improving health equity and doing good in their community. In 2021, through the support of employee efforts, priority health contributed more than $25,000 to non-profits across michigan, including march of dimes, the children's foundation and the naitonal alliance on mental illness of michigan. Priority health is the $5,000 presenting sponsor for the unique gazing at gram program. It is a specialized tour of the grand rapids art museum which engages guests with memory loss, such as alzheimer's disease, dementia, and brain injury, as well as cancer patients. Tours feature different works of art and exhibitions on each date to help participants experience intellectual stimulation and make connections between personal stories and the world at large. Priority health has developed an innovative digital member outreach program that relies on thousands of datasets and predictive analytics to help educate and inform our members. Using this data-driven approach, priority health is able to gain insights into challenges our members may face and identify actions they can take to improve o

Form 990, Part III, Line 4B PRIORITY HEALTH SENIOR MARKETS

Priority health began offering medicare advantage plans in july 2005 and medicare advantage plans with prescription drug coverage in january 2006. Its medicare advantage plans vary in price based on where members live and what benefits they need. More than 209,000 michiganders have a priority health medicare advantage plan, and nearly 17,000 chose a priority health medicare supplement plan, also known as medigap. Priority health strives to collaborate with the community and make medicare simple to understand. That is why it wrote and published "medicare advantage for dummies." it was written in cooperation with wiley publishing, owners of the dummies series. The book has been distributed free to over 255,000 people across michigan and downloaded countless times as it is now available electronically as an e-book. As a result of priority health's work with the community and dedication to delivering high quality coverage, its medicare advantage hmo-pos and ppo plans were accredited with the national center for quality assurance (ncqa), with our hmo-pos plans earning a 4.5 rating out of 5. Priority health's 2021 medicare advantage plans with prescription drug coverage were also awarded 4.0 out of 5 stars by the centers for medicare and medicaid services (cms). The medicare star ratings indicate how well a health plan performs overall; the better the star rating, the higher quality care and experience is delivered. Of the 42 quality and improvements metrics used to determine our overall quality rating of 4.0, approximately 75% of the metrics were either 4 or 5 stars. Priority health is able to provide its members high quality medicare advantage plans while remaining among the lowest cost plans in the country. Medicare advantage members can enroll either individually, or through an employer group. During the 2021 medicare annual enrollment period (aep), priority health enrolled 26% of the individuals who purchased a mapd plan in michigan from october 15 - december 7, 2020. Priority health's medicare advantage enrollment includes about 174,900 individual advantage members, or 33% of the total individual medicare advantage market, making priority health the leader in michigan. Priority health individual medicare advantage plans are offered in all 68 counties in michigan's lower peninsula, with 9 out of 10 primary care providers and all major hosptial systems in our network in the lower peninsula. With 98% of providers, including all major hospital systems, in our network. Priority health's network has nearly 45,000 providers. In 2012, priority health launched home based primary care (hbpc) as a pilot with our affiliate, spectrum health medical group (shmg). Hbpc brings the care team into the home of patients that are at the far end of the population health continuum, the advanced chronically ill, whose multiple medical conditions are complicated by functional and/or cognitive limitations that make it difficult for them to adequately access the traditional ambulatory physician office. In addition to priority health changing how the patient accesses their care, there is now a team-based model of care to meet all the needs of the patient. In 2021 priority health continued its engagement with patients having advanced illness in partnership with spectrum health medical group and two other contracted providers which resulted in $22.3 million in savings by reaching members enrolled in hbpc programs. Chronic conditions are leading contributors to rising health care costs nationwide. To address this, priority health launched the medication therapy management (mtm) pilot program with its medicare members. The mtm pilot program offered priority health medicare members the opportunity to meet one-on-one with pharmacists to review all of their medications including prescriptions, over-the-counter drugs, and herbal and vitamin supplements. Complex medication regimens create significant challenges for patients living with chronic illness, their care

Form 990, Part IV, Line 12A Audited Financial Statements

The organization's financial statements are audited annually by an independent accounting firm. The "No" response to these questions relates to the fact that the GAAP basis financial statements were prepared on a consolidated basis and not on a stand alone basis. The organization is audited annually on a stand alone basis and issued financial statements on a stand alone basis which are prepared in accordance with SAP (Statutory Accounting Principles), as required by regulatory authorities. The figures in this Form 990 reconcile to the financial statements prepared under statutory accounting principles as submitted to the State of Michigan and the National Association of Insurance Commissioners (NAIC).

Form 990, Part V, Line 2A NUMBER OF EMPLOYEES REPORTED ON FORM W-3

All employees of priority health were employed during the year by bhsh system (38-3382353) and leased back to priority health. Salaries and wages, employee benefits and payroll taxes are allocated to priority health via a management fee. The salaries and wages reported in part ix statement of functional expenses reflects the portion of salaries and wages allocated to priority health. Bhsh system filed all applicable irs tax filings including forms w-2 and w-3 on behalf of priority health.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in nonadmitted assets - 30902677; Net Unrealized Gain(Loss) on Subsidiaries - 82678415; Aggregate Write-ins for gain(Loss) in surplus - -9009946;

Form 990, Part XII, Line 2B Audited Financial Statements

The organization's financial statements are audited annually by an independent accounting firm. The organization issued GAAP basis financial statements which are prepared on a consolidated basis and not on a stand alone basis. The organization is audited annually on a stand alone basis and issued financial statements on a stand alone basis which are prepared in accordance with SAP (Statutory Accounting Principles), as required by regulatory authorities. The figures in this Form 990 reconcile to the financial statements prepared under statutory accounting principles as submitted to the State of Michigan and the National Association of Insurance Commissioners (NAIC).

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) Footnote

Priority health conducts an analysis annually to determine the organization's liability with respect to uncertain tax positions. For the year ended december 31, 2021 it was determined that there were no material uncertain tax positions to disclose. As such, there was no footnote added to the audited financial statements.

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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1REGENTS OF UNIVERSITY OF MICHIGAN
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2MUNSON MEDICAL CENTER
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Metropolitan Hospital
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4SAINT MARYS HEALTH SERVICES
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0MICHAEL SYTSMA
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1PRAVEEN THADANI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Alicia Torres
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Ann Harten
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4BIRGIT KLOHS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5CHRISTINA FREESE DECKER
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Douglas Baker
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7DOUGLAS DOZEMAN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8EDWIN NESS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9ELAINE WOOD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10MATTHEW COX
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11MICHAEL VERHULST
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12ORA PESCOVITZ
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt13PAUL SAGINAW
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14RAJESH KOTHARI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt15WENDY WALKER MD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt16KIMBERLY L THOMAS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17MARY ANNE JONES
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt18NICHOLAS GATES
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt19BRIAN KRUPICZEWICZ
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt20CHRISTOPHER CROOK
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt21JAMES FORSHEE MD
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt22JOYCE CHAN RUSSELL
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt23MEGAN SCHMIDT
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt24Michael Jasperson
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt25MICHAEL KOZIARA
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt26BRIAN FEDORONKO
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt27JASON WOODS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt28JIANHUA YU
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt29MATTHEW STREBECK
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt30TAMARA HIBBITS
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt31JOAN A BUDDEN
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt32JOHN L FOX
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt33PAMELA RIES
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt34RICK MORRONE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY, SVP, General Counsel
IRS990/Form990PartVIISectionAGrp/TitleTxt17Treasurer & SVP, Finance - Part Year

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,374$875$1,499$5,935$5,934$0.80
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,148$734$1,414$5,418$5,400$18.0
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,980$704$1,275$4,807$4,703$104
2021Detailed filing. Detailed filing data is available for this year.$2,003$691$1,313$4,331$4,342$11.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,997$789$1,208$3,987$3,891$95.8
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,508$543$965$3,469$3,324$145
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,276$516$760$3,204$3,080$124
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,190$521$669$3,035$2,956$79.4
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,025$450$574$2,683$2,632$51.1
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$936$406$529$2,220$2,129$91.4
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$772$303$469$1,995$1,903$91.4
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$650$257$393$1,879$1,820$58.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$570$264$306$1,878
2011Summary only. Only limited summary data is available for this year.$502$275$227$1,868$1,835$33.6
Peer Organizations

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