Rowan Regional Medical Center Inc

“Form 990, part vi, section a, line 4: significant changes to governing documents articles of conversion, which were filed in january 2022, have been attached to this form 990.”

“Form 990, part vi, section a, line 6: classes of members or stockholders the corporation is a nonprofit corporation with members (or a member). Member has certain rights subject to the reserved powers of novant health, inc.”

“Form 990, part vi, section a, line 7a: election of members and their rights the board of novant health, inc. Appoints the board of the rowan regional medical center, inc.”

“Form 990, part vi, section a, line 7b: decisions subject to approval of members the board of novant health, inc. Approves changes to the bylaws of rowan regional medical center, inc.”

“Form 990, part vi, section b, line 11: organization's process to review form 990 since this is a short period return, no formal review will be conducted.”

“Form 990, part vi, section b, line 12c: monitoring and enforcement of coi the organization's trustee conflict of interest policy applies to all trustees, principal officers or members of a committee with board delegated powers including any applicable disregarded entities. All trustees are sent an annual disclosure questionnaire. The trustee annual disclosure questionnaires are reviewed by the compliance department. With respect to particular transactions that come before the board, the conflict of interest policy would be followed. The potential conflict of interest would be disclosed by the board member before a vote on the transaction and the rest of the board would determine whether a conflict of interest exists. If the rest of the board determined that a conflict of interest existed then the board member with the conflict of interest would not participate in the deliberations and vote.”

“Form 990, part vi, section c, line 19: governing documents disclosure the audited consolidated financial statements containing all organizations in the novant health system are posted to the novant health website. The governing documents and conflict of interest policy are not available to the public.”

“In january 2022, the organization converted to a limited liability company wholly owned by novant health, inc, a tax-exempt healthcare organization, and all continuing operations are reported on the novant health, inc.'s form 990. Since this is a short year return in which there is no calendar year that ends with or within the short year, we are not reporting the highest compensated independent contractors on this return (because such persons are determined according to compensation received in the calendar year ending with or within the tax year for which the return is filed).”

“Rowan regional medical center, inc. Doing business as novant health rowan medical center, was an integral part of the novant health system (collectively known as "novant health"), a not-for-profit integrated group of hospitals, physician clinics, outpatient centers and other healthcare service providers. Novant health consists of over 2,300 physicians and over 35,000 team members who make healthcare remarkable at more than 800 locations, including 14 medical centers and hundreds of outpatient facilities and physician clinics. Headquartered in winston salem, nc, novant health is committed to making healthcare remarkable for patients and communities, serving more than six million patients annually. Novant health rowan medical center exists to improve the health of the communities they serve with a vision of providing a remarkable patient experience in every dimension, every time. Novant health rowan medical center is a 268-bed hospital offering a wide range of services in emergency, maternity, surgery, cancer, rehabilitation and other specialty care. In january 2022, rowan regional medical center, inc. Converted to a limited liability company wholly owned by novant health, inc, a tax-exempt healthcare organization, and all continuing operations are reported on the novant health, inc.'s form 990. Community benefit report the community benefit report, referred to as a community impact report, prepared by novant health is a system-wide report that includes qualitative and quantitative information. Please note that the numeric data in this report is not based upon the form 990, schedule h criteria, but rather it has been prepared in accordance with the north carolina healthcare association reporting guidelines. It should not be relied upon as the organization's form 990, schedule h community benefit report, its community health needs assessment or community benefit implementation strategy. The 2022 community benefit report was not compiled at the time this tax return was filed. For the most recent community benefit report please visit https://www.novanthealth.org/home/about-us/community-engagement/our-impa ct.aspx”

“Mission novant health exists to improve the health of our communities, one person at a time. Vision we, the novant health team, will deliver the most remarkable patient experience, in every dimension, every time. Values -compassion: we treat our customers and their families, staff and other healthcare providers as family members with kindness, patience, empathy and respect. -diversity and inclusion: we recognize that every person is different, each shaped by unique life experiences. This enables us to better understand each other and our customers. By engaging the strengths and talents of each team member, we ensure a strong organization capable of providing remarkable healthcare to our patients, families and communities. -personal excellence: we strive to grow personally and professionally and approach each service opportunity with a positive, flexible attitude. Honesty and personal integrity guide all we do. -teamwork: the needs and expectations of any one customer are greater than what one person's service efforts can satisfy. We support each other so that together as a team, we can be successful in the eye of the customer as a quality service provider. -courage: we act boldly in making the changes necessary to achieve our mission, vision and promise of delivering remarkable healthcare. -safety: we embrace a culture in which "first, do no harm" is the foundation of remarkable healthcare. Our work environment is one of open communication, high-reliability, and a relentless quest toward zero events of preventable harm. Our people we are an inclusive team of purpose-driven people inspired and united by our passion to care for each other, our patients and our communities. We always remember, our business is the care of all people, starting with our team members. Our promise we are relentlessly pursuing remarkable care every day - so you can expect the compassionate, expert, personal experience you deserve.”

“In january 2022, rowan regional medical center, inc. Converted to a limited liability company wholly owned by novant health, inc., a tax-exempt healthcare organization, and all continuing operations are reported on the novant health, inc.'s form 990.”

“Outside services: program service expenses 711,878. Management and general expenses 106,743. Fundraising expenses 0. Total expenses 818,621. Contracted services: program service expenses 367,889. Management and general expenses 40,877. Fundraising expenses 0. Total expenses 408,766. Collection service: program service expenses 0. Management and general expenses 8,493. Fundraising expenses 0. Total expenses 8,493. Credentialing fees: program service expenses 4,560. Management and general expenses 240. Fundraising expenses 0. Total expenses 4,800. Professional physician services: program service expenses 1,103,140. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,103,140. Food service: program service expenses 384,733. Management and general expenses 0. Fundraising expenses 0. Total expenses 384,733.”

“Conversion to smllc of novant health, inc. -40,892,957.”