University of Maryland Faculty Physicians Inc

“William tucker is a nonvoting member of the board of directors.”

“The entity is a maryland corporation whose stockholders are physicians and members of the governing body.”

“The stockholders elect the president of the entity who is a member of the governing body.”

“The entity receives a copy of the 990 and a representative of the governing body approves it before signing the electronic filing authorization.”

“As part of their employment by the university of maryland faculty physicians, inc. (fpi) and the faculty practices of the university of maryland (pas), employees and faculty are required to follow the medical service plan. Msp policy #37 lists the requirements of compliance and good business practices. As part of the msp policy #37, fpi also maintains a corporate compliance plan, which details expectations around conflict of interest situations and billing responsibilities. Fpi relies on the good faith of its employees in the exercise of their responsibilities. All business judgments on behalf of fpi should be made by its employees on the basis of such trust and in fpi's best interests. Fpi fully respects the rights of employees to privacy in their personal affairs and financial activities. The purpose of this policy is to provide guidance to employees in avoiding situations in their personal activities which are, or appear to be, in conflict with their responsibilities to fpi. Although it is impractical to attempt to define every situation which might be considered a conflict of interest, generally speaking, a conflict exists when an employee's personal interests or activities may influence his or her judgment in the performance of his or her duty to fpi. There may be cases where such conflicts are more theoretical than real, but employees should be concerned about possible conflicts and review and disclose this situation in light of the following guidelines. A major focus of the corporate compliance plan is currently on coding, billing, and documentation compliance and ensuring that regulations are being followed. However, compliance goes beyond avoiding penalties. Our total corporate compliance plan includes a full range of issues, including: - employment contracts - conflicts of interest - patient confidentiality - records retention - contracts and business relationships (including professional service agreements) - waivers of co-payments, coinsurance and deductibles, and more. While the compliance office will make every effort to provide appropriate compliance information to all employees, and to respond to all inquiries, no educational and training program, however comprehensive, can anticipate every situation that may present compliance issues. Responsibility for compliance with the corporate compliance plan, including the duty to seek guidance when in doubt, rests with each employee. The above information is discussed with each new employee and faculty member upon hire. Annual corporate compliance training touches on the above as well.”

“The process of determining salary is the same for all of fpi's positions, including the executive class. Executive class positions include fpi's chief corporate officer (cco) and other senior staff members (cfo, cio, chro, coo). Fpi conducts an annual market review. The market review includes a review of all established positions and their salary levels within relevant markets, consistent with job content, responsibilities, and requirements. The following compensation surveys are used as benchmarks: watson wyatt, mhhra and aamc. Fpi's benefits and compensation manager reviews the market analysis and completes an internal equity review. For executive class positions, salary recommendations are then presented to fpi's president (the dean of the medical school) for approval. Fpi engages an outside consulting firm to confirm the adequacy of salary grades and benchmarks at the individual position level.”

“The organization makes its governing documents, conflicts of interest policy and financial statements available upon request.”

“The process for selecting the auditors has not changed from the preceding year.”

“Statement pursuant to reg. 1.351-3(a) by university of maryland faculty physicians, inc., a significant transferor - university of maryland faculty physicians, inc., on various dates throughout the year transferred cash with an aggregate fair market value and a basis of $16,877,647 to terrapin insurance company, ein 98-0129232. No private letter rulings were issued by the internal revenue service in connection with the section 351 exchange.”