Foundation Health Systems Corp

“Form 990, part vi, section a, line 6: classes of members or stockholders the corporation is a nonprofit corporation with members (or a member). Novant health, inc. (nhi) is the sole member of foundation health systems corp. (fhsc). Notwithstanding anything contained in these bylaws to the contrary, the corporate powers of fhsc and the authority of its trustees and officers is subject to the control of nhi to the extent such control is specifically designated in the articles of incorporation and bylaws of nhi.”

“From 990, part vi, section a, line 7a: election of members and their rights novant health, inc. Elects all members of the governing body of foundation health systems corporation's board.”

“Form 990, part vi, section a, line 7b: decisions subject to approval of members novant health, inc. Has certain reserved powers, such as approval of amendments to the articles and bylaws of the corporation and to adopt certain policies which shall be implemented by the corporation board.”

“Form 990, part vi, section b, line 11: organization's process to review form 990 the board has delegated review of the form 990 to novant health's board of trustees' audit and compliance committee ("the committee"), which oversees tax matters for entities in the novant health system. The committee is the review body for all of the form 990s filed for organizations within the novant health system. The committee meets before the form 990s are filed with the irs and after all board members have been provided a paper or electronic copy of the form 990 and a summary of its contents. The vice president of tax and legal counsel for novant health attend the meeting to answer any questions and address any significant disclosures within the form 990.”

“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 b, line 15a/15b: the filing organization is an integral part of novant health, an integrated healthcare system collectively referred to as "novant health." novant health, inc. Is the parent organization and independent and disinterested members of the novant health, inc. Board of trustees (who comprise the compensation and leadership committee of the board) review, approve, and oversee all aspects of compensation and benefits for certain leaders and executives ("executives") serving as officers, including the top management official, or key employees for novant health entities. The committee works with an independent compensation consultant and uses third party comparability data for functionally similar positions at similarly situated organizations to ensure that total compensation and benefits for each executive is reasonable for that executive's position. The committee reviews and approves executive compensation and benefits annually, consistent with the written executive compensation philosophy of novant health, and in a manner that qualifies for the rebuttable presumption of reasonableness, thereby assuring that total compensation and benefits provided to each executive is reasonable.”

“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.”

“The filing entity is part of the not-for-profit integrated healthcare system known as novant health. Novant health, inc., the parent organization, is responsible for certain corporate support functions including accounts payable and issues forms 1099 for certain entities in the system including the filing entity. Information reported in part vii, section b represents the expenses paid on behalf of the filing entity to independent contractors over $100,000.”

“Foundation health systems corp. Is 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. The novant health network consists of more than 1,800 physicians and over 35,000 team members that provide care at nearly 800 locations, including 15 medical centers and hundreds of outpatient facilities and physician clinics. Headquartered in winston salem, north carolina, novant health is committed to making healthcare remarkable for patients and communities providing nearly six million patient visits annually. In 2022, the novant health system reported $7.6 billion in revenues. General information foundation health systems corp. Includes novant health rehabilitation center and novant health today's woman obstetrics and gynecology (ob/gyn), both located in the triad area of north carolina. It also includes north carolina diagnostic imaging, a group of imaging centers located throughout north carolina. The mission of the novant health rehabilitation center is to optimize the quality of life and abilities of patients and to improve the health of the communities we serve, one person at a time. Physical therapy, vestibular therapy, occupational therapy and speech therapy services are provided at multiple locations, which help to ensure convenient access to services for patients who live in both urban and rural areas of the triad. In the greater winston-salem area, we have a concentrated focus on zip codes in east winston, clemmons and kernersville where 1 in 4 community members live at or below the federal poverty line. Novant health today's woman ob/gyn serves our most vulnerable community members, offering comprehensive behavioral health, social work and family planning care. The clinic also offers prenatal and childbirth classes, cost free transportation services to and from appointments, and our designated outreach resource specialists assists families with obtaining diapers from the diaper bank of nc, supplies emergency food packs for families with food insecurity, and offers donated supplies for mom and baby. North carolina diagnostic imaging is comprised of outpatient imaging centers located throughout north carolina. As part of the novant health system, these imaging centers are committed to improving the health of the communities they serve. By bringing together world-class technology and clinicians to provide quality care, we are committed to creating a healthcare experience that is simpler, more convenient and more affordable so patients can focus on getting better and staying healthy. In addition to our quality of services and comprehensive categories of services, we're very proud of our patient financial assistance program. We work with customers to help qualify them for public assistance, establish a reasonable payment plan, discount their bill, or provide free care for those that qualify for financial assistance. New technology & services in 2022, novant health rehabilitation center enhanced its technology portfolio by adding equipment from meditouch usa and saebo, inc., two leading healthcare rehabilitation technology companies. Meditouch products include balancetutor, a new technology that allows the therapist to create a postural perturbation, such as a slip or a trip. Its advanced technology utilizes the platform's movement in a medial/lateral and forward/backward direction while the patient is standing, walking or running allowing customized postural control practice in the specific gait phase that the therapist chooses to focus on. This allows for a vast range of physical therapy indications. It is the only rehabilitation system that employs an advanced 4d perturbation patented treadmill, multiple force and movement sensors and customized motivational video games. Saebo products include a range of products, primarily ones designed to assist with hand, arm, limb, and”

“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.”

“On december 31, 2022, novant health, of which fhs is a part, sold its economic interests in its north carolina imaging operations as well as the business that provided management services of imaging operations to novant health and others. In exchange, novant health received an ownership interest in novant health-norfolk llc and an ownership interest in norfolk management services llc. The newly formed entities own the economic interest in and oversee management of the imaging centers.”

“Outside services: program service expenses 921,932. Management and general expenses 4,138,968. Fundraising expenses 0. Total expenses 5,060,900. Contracted services: program service expenses 88,039. Management and general expenses 63,842. Fundraising expenses 0. Total expenses 151,881. Credentialing fees: program service expenses 13,205. Management and general expenses 695. Fundraising expenses 0. Total expenses 13,900. Recruitment: program service expenses 2,494. Management and general expenses 131. Fundraising expenses 0. Total expenses 2,625. Professional physician services: program service expenses 6,684,316. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,684,316.”

“Investment in norfolk partnership: 31,209,618. Book adjustment: 65,638.”