Pediatric Specialists of Virginia LLC

“The organization was formed as a limited liability company and has two members: inova health care services and children's national medical center, both charitable 501(c)(3) tax-exempt organizations, with equal interests. The members entered into the second amended and restated operating agreement (operating agreement) dated june 24, 2022 governing the organization.”

“As described in the operating agreement, the governing body of the organization is the management committee. The management committee is comprised of eight representatives. Three of the management committee representatives are designated and appointed by each of the members. The remaining management committee representatives are physicians employed or contracted by the organization and mutually agreed upon by the members.”

“The operating agreement provides for certain decisions to be approved by the members.”

“The form 990 is prepared by a third party tax advisor and initially provided to the chief financial officer, the chief operating officer, and external tax consultants for review. The form 990 is finally presented to the full management committee for review prior to filing.”

“The organization has a written conflict of interest policy which is provided to and reviewed with all employees during their new employee orientation. The policy requires the employee to disclose real or potential conflicts of interest, and also to report suspected violations of the policy to management or human resources. The employee code of conduct also includes a section discussing conflicts of interest and all employees are required to acknowledge receipt of, and agreement to comply with, the code of conduct in writing.”

“Pediatric specialists of virginia, llc compensation: the management committee determines and approves compensation for psv's chief executive officer and chief operating officer using a regional market analysis of comparable positions.”

“Governing documents and financial statements are not currently publicly available. While the conflict of interest policy is not specifically publicly disclosed, the policy is available to staff and physicians.”

“During 2023 the scope of services provided by the company was reduced resulting in certain sub-specialty services no longer being offered by the company including nephrology, genetics, endocrinology, infectious diseases, psychiatry, allergy and immunology, developmental pediatrics, neurosurgery, physical medicine and rehabilitation, adolescent gynecology, otolaryngology, ophthalmology, and plastic surgery.”

“Captial contributed in 2024 by llc members 15,400,796.”