Loudoun Nursing and Rehabilitation

“The sole member of the organization was inova health care services, a charitable 501(c)(3) tax-exempt organization which is part of the inova health system.”

“The sole member of the organization, inova health care services, was a charitable 501(c)(3) tax-exempt organization. The sole member of inova health care services was inova health system foundation, a charitable 501(c)(3) tax-exempt organization which serves as the parent company of an integrated health care delivery system. Inova health system foundation elects the members of the governing body of the organization.”

“The sole member of the organization, inova health care services, was a charitable 501(c)(3) tax-exempt organization. The sole member of inova health care services was inova health system foundation, a charitable 501(c)(3) tax-exempt organization which serves as the parent company of an integrated health care delivery system. Inova health system foundation holds reserved powers with respect to certain actions. In addition to the reserved powers, under the laws of the commonwealth of virginia certain extraordinary actions require member approval, such as mergers, consolidations, liquidations and the sale of substantially all of the assets of the organization.”

“The form 990 is prepared and provided to the corporate controller and external tax consultants for initial review. After the review it is given to the cfo of inova health system for review and comment. The form 990 is presented to the executive committee of the inova health system board of trustees for their review. Upon completion of the executive committee review, it is provided to the full board of trustees.”

“Annually the organization distributes the conflict of interest policy to all directors, officers, trustees, and key employees. The organization requires that each director, officer, trustee, and key employee acknowledge that they have read, understood, and will abide by the policy. Each director, officer, trustee, and key employee is required to complete and submit an annual conflict of interest disclosure. These disclosures are broad and require that the individual list any business relationships or personal relationships with other directors, officers, trustees, and key employees, as well as any relationships with competitors, or current or potential vendors or contractors. Disclosure statements are reviewed by senior management and any potential conflicts are discussed with governing body chairman to ensure that any member who may have a conflict discloses their potential conflict, and is dismissed from related discussions and recused from participation in applicable decisions.”

“Completed by related entity, inova health system foundation: the compensation of all senior management positions is evaluated annually in consideration of each manager's job content, scope and complexity. Compensation levels for executives are reviewed by an independent external consultant to ensure that remuneration is consistent with the organization's compensation philosophy and objectives and competitive with other comparable health systems. The independent compensation consultant reviews national, industry and size specific compensation surveys for benchmarking. In addition, the inova health system's ceo's compensation is reviewed along with certain other senior executives and approved annually by an independent governing board, the executive compensation & talent committee. General industry market data and irs forms 990 peer group data is also utilized for reference only. The job requirements and complexity of all other management positions are evaluated annually using nationally recognized third-party salary surveys to assure that the compensation for such positions is consistent with external market compensation comparisons. Salary ranges are developed for each management position classification to ensure that the compensation levels for these positions are consistent with the organization's compensation philosophy and with competitive market comparisons. Compensation for employed physicians is reviewed and approved by the provider contracts committee. The committee is comprised of executive management of the clinical enterprise and physician services group. The fair market value (fmv) compensation is based on four nationally recognized industry physician compensation benchmark surveys (mgma, amga, sullivan & cotter, gallagher (formally integrated)). The committee also utilizes independent consultants to provide fmv opinions for positions that are not readily available in the four published benchmark surveys. The consultants' opinions and compensation survey data are presented to the provider contracts committee for review and approval.”

“The company is a part of the inova health system, a not-for-profit integrated health care delivery system serving northern virginia and surrounding areas. Inova health system makes certain information publicly available. Inova's consolidated financial statements are posted on the electronic municipal market access's (emma) website on a quarterly basis. Inova's governing documents are not currently publicly available. While the conflict of interest policy is not specifically publicly disclosed, inova's code of conduct is on the public website. Section ii of the code of conduct describes what can constitute a conflict and requires that potential conflicts be reported to management or the chief compliance officer and/or inova's legal department. The code of conduct contains the conflict of interest principles, is part of inova's orientation and annual compliance training, and is available to team members and physicians on inova's intranet website.”

“Internal purchased services: program service expenses 51,223. Management and general expenses 9,597. Fundraising expenses 0. Total expenses 60,820.”

“TRANSFER TO ILH 491,185.”

“The company is part of the inova health system, a not-for-profit integrated health care delivery system serving northern virginia and surrounding areas. The company's financial statements are consolidated in the inova health system consolidated financial statements. Inova health system is audited on an annual basis by a "big four" independent public accounting firm. In addition, they are responsible for the issuance of a management letter encompassing each member of the consolidated group. The finance and audit committee of the board of trustees of inova health system is responsible for the oversight of the audit, including the hiring of the audit firm, review and approval of audited financial statements and communication with the external auditors at least twice a year without the presence of internal management.”

“The company is part of the inova health system (ihs), a not-for-profit integrated health care delivery system serving northern virginia and surrounding areas. Ihs receives various federal grants. These grants and awards are audited as part of the consolidated inova health system uniform guidance compliance audit. The inova health system's federal grants are audited on an annual basis by a "big four" independent public accounting firm. The firm issues a "report of independent auditors on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with government auditing standards". The firm also issues a "report of independent auditors on internal control over financial reporting and on compliance and other matters based on an audit of financial statements performed in accordance with government auditing standards". The finance and audit committee of the board of trustees of inova health system is responsible for the oversight of the uniform guidance audit, including the hiring of the audit firm, review and approval of audited financial statements and communications with the external auditors without the presence of internal management.”