Ucm Care Network Medical Group Inc

“During fy2024, ucm community health & hospital division, a related tax-exempt entity, engaged michael antoniades, a consultant employed by the consulting firm alvarez & marsal, to serve as interim president of ingalls memorial hospital. Michael antoniades serves on the board ucm medical group inc.”

“The sole member of ucm care network medical group, inc. Is the university of chicago medicine care network, llc, a disregarded entity for tax purposes. The sole member of the university of chicago medicine care network, llc is university of chicago medical center, a not for-profit entity.”

“The University of Chicago Medicine Care Network, LLC is the sole member of the Corporation. As such, the University of Chicago Medicine Care Network, LLC appoints the members of the Corporation's Board of Directors, and the governance of the Corporation is subject in all respects to the reserved powers of University of Chicago Medicine Care Network, LLC, as set forth in the Corporation's By-Laws. THE BOARD SHALL BE APPOINTED BY THE MEMBER AND CONSIST OF INDIVIDUALS WHO MEET SUCH CRITERIA FOR APPOINTMENT TO THE BOARD AS MAY BE ESTABLISHED FROM TIME TO TIME BY THE MEMBER. A DIRECTOR MAY BE REMOVED AT ANY TIME, WITH OR WITHOUT CAUSE, BY THE MEMBER ACTING IN THE BEST INTERESTS OF THE CORPORATION AS DETERMINED BY THE MEMBER AT ITS SOLE DISCRETION.”

“THE GOVERNANCE AND OPERATIONS OF UCM CARE NETWORK MEDICAL GROUP, INC. SHALL BE SUBJECT IN ALL RESPECTS TO THE MEMBER'S RIGHT TO EXERCISE ITS RESERVED POWERS. THE RESERVED POWERS SHALL INCLUDE THE RIGHT TO (A) ADOPT, APPROVE AMENDMENTS TO, OR AMEND ANY STATEMENT OF PHILOSOPHY, MISSION, MISSION INTEGRATION, OR VALUES OR ANY NAME, LOGO, OR MARK; (B) ADOPT, APPROVE AMENDMENTS TO, OR AMEND THE ARTICLES OF INCORPORATION; (C) ADOPT, APPROVE AMENDMENTS TO, OR AMEND THE BYLAWS; (d) Appoint the Directors, and remove the Directors, with or without cause; (e) Appoint the officers, and remove the officers, with or without cause; (f) Approve the recommendation of the Board of Directors to appoint or remove the Board of Directors, any one or more Directors of the Corporation, and the Chairperson or President of the Corporation; (g) approve the purchase, sale, alienation, exchange, lease or encumbrance of any real property, which property has a value in excess of limits set from time to time by the Member; (h) Approve the operating and capital budgets, and any deviations from such budgets in an amount or percentage specified by the Member from time to time; (i) Approve the strategic plan and annual goals; (j) Approve the sale of substantially all of the assets; (k) Approve the merger or dissolution; (l) Approve the financial policies and procedures and approve any deviations from such policies and procedure; (m) Outside of the budgeting process of the Corporation, approve or amend changes to a substantial part or all of the price list or chargemaster of the Corporation for patient services; (n) Adopt and amend employee and independent contractor template agreements and compensation ranges, plans, policies and methodologies (including the awarding of any incentive compensation) and benefits; (o) Initiate and/or approve any change in the Corporation's tax status proposed by the Board of directors and approve any changes in mission or activities that may impact the Corporation's tax status; and (p) Approve the incurrence or the guarantee of any indebtedness in any form, including all leases (operating and capitalized leases) as defined under generally accepted accounting principles, by the Corporation over limits established from time to time by Member.”

“The Form 990 is prepared internally by the UCMC tax department using information provided by management and reviewed in detail by an independent accounting firm. At its regularly scheduled meeting, the compensation committee of the UCMC Board of Trustees is provided a draft copy of portions of the Form 990. The final complete version of the Form 990 is then distributed to all voting members of the Board of Trustees prior to its filing.”

“Ucm care network medical group, inc. Has a robust conflicts of interest policy for employees, officers, and directors. The policy contains certain prohibitions as well as disclosure requirements, and encourages questions directed to the compliance office and legal affairs. During this tax year, ucm care network medical group, inc. Continued its practice of surveying directors, officers, managerial employees, and influential medical staff members, seeking disclosures of various relationships, including relationships disclosed in this form 990. In addition, certain chairs of committees, such as the pharmacy and therapeutics committee of the medical staff, at monthly meetings ask for oral disclosures of potential conflicts. Upon request, the compliance officer and the office of legal affairs provide educational sessions. Ucmc notes that researcher conflicts are managed by the university of chicago. The conflict of interest policy specifically requires disclosure, and abstention or recusal as necessary, whenever a trustee or related party has a potential conflict of interest.”

“University of chicago medical center (ucmc) is responsible for determining and administering compensation for all officers of each respective entity within the university of chicago medical center, corporate structure. Below is the process used to establish compensation for the top management official and senior executives. The ucmc compensation committee of the board of trustees (the committee) is responsible for the oversight of ucm care network medical group's executive compensation decision-making process. Its review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness (under intermediate sanctions regulations) with respect to the total compensation and benefits provided. The committee is comprised of independent members of the board of trustees who are "disinterested" within the meaning of intermediate sanctions regulations. It reviews and approves compensation and employee benefits provided to ucm care network medical group inc.'s president and key executives by following its written executive compensation philosophy statement and written compensation review process, which includes seeking counsel from outside professional advisors and relying in advance on appropriate comparability data (for functionally similar positions at similarly situated healthcare organizations) provided by an independent third party consultant. The committee reviews and approves all new compensation ranges, as well as current packages for newly hired executives, as needed, but at least annually. It prepares a timely and thorough written record of its deliberations and conclusions.”

“An independent compensation consultant reviews the reasonableness of proposed total direct compensation for each by performing a market comparison for each executive. The market comparison involves collecting survey data for functionally similar positions at similar health care organizations. Performance goals are normally established based on the budget/business plan approved by the board for the fiscal year. The outside consultant opines whether or not performance goals have been reached before a fiscal year end payments are presented to the compensation committee for review and approval.”

“Ucm care network medical group, inc.'s bylaws, conflict of interest policies, and financial statements are available to the public upon request. The following documents were, as of the time of completing this question, on ucmc's website: -university of chicago medicine unaudited financial information -2024 audited financial statements -2023 audited financial statements -2022 audited financial statements -2021 audited financial statements -2020 audited financial statements -2019 audited financial statements -2018 audited financial statements -2017 audited financial statements -2016 audited financial statements -2015 audited financial statements -2014 audited financial statements -2013 audited financial statements”

“During FY2024, UCM Care Network Medical Group, Inc. established an oncology practice in four new locations in Northwest Indiana.”

“(Expenses $ 15,549,166 including grants of $)(Revenue $ 28,919,654) Other care network medical group specialties include Diabetes, Oncology, Rheumatology, Vascular, Multispecialty, Endocrinology, Dermatology, Cardiology, Radiology Oncology, OB/Gyn, Gastroenterology, Physical Therapy, Pediatrics, Surgery, Podiatry, Nephrology, Psychiatry, ENT, Neurology, pain management, and orthopedics.”

“UCM Care Network Medical Group, Inc. was formed on May 21, 2015 as an Illinois Not-For Profit Corporation. It has at all times operated exclusively for charitable, scientific or educational purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986. The primary purpose of the corporation is to support the furtherance of the charitable purposes of the University of Chicago Medical Center. UCM Care Network Medical Group, Inc. was granted exemption from federal income tax under Internal Revenue Code (IRC) Section 501(c)(3) effective October 29, 2019.”

“Physician Services - Total Expense: 9236446, Program Service Expense: 9236446, Management and General Expenses: , Fundraising Expenses: ; Billing Fees - Total Expense: 3225114, Program Service Expense: 2902603, Management and General Expenses: 322511, Fundraising Expenses: ; Contract Labor - Total Expense: 449409, Program Service Expense: 449409, Management and General Expenses: , Fundraising Expenses: ; Program Support Services - Total Expense: 134342, Program Service Expense: 134342, Management and General Expenses: , Fundraising Expenses: ; Contract Services - Total Expense: 118957, Program Service Expense: 65426, Management and General Expenses: 53531, Fundraising Expenses: ; Laundry services - Total Expense: 72885, Program Service Expense: 45741, Management and General Expenses: 27144, Fundraising Expenses: ;”