Rowan Health Services Corporation

“Form 990, part vi, section a, line 6: classes of members of stockholders the corporation is a nonprofit corporation with members (or a member). The member's rights are individual to the member and are not permitted to be transferred to, loaned to, or otherwise shared with any other person. The members membership interest in the corporation is nontransferable and nonassignable.”

“Form 990, part vi, section a, line 7a: election of members and their rights novant health, inc. Appoints the organization's board.”

“Form 990, part vi, section a, line 7b: decisions subject to approval of members novant health, inc. Approves all amendments of the organization's bylaws.”

“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.”

“Rowan health services corp. ("rhs") 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. Novant health consists of more than 1,600 physicians and over 29,000 employees who make healthcare remarkable at nearly 700 locations, including 15 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 five million patients annually. In 2020, novant health was the only healthcare system in north carolina to be included on forbes' best employers for diversity list. In 2020, the novant health system reported $5.7 billion in revenues. Community benefit report https://www.novanthealth.org/home/about-us/community-engagement/our-impa ct.aspx 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 hospital 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. In this report, the novant health system's community benefit was approximately $1,018,000,000, including $179,000,000 in financial assistance for 2020.”

“Mission novant health exists to improve the health of 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 by showing them 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. -personal excellence: we strive to grow personally and professionally, and we approach each service opportunity with a positive, flexible attitude. Honesty and personal integrity guide all that 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. Our people at novant health, people are our business. We treat each other with respect and compassion. We embrace the differences in our strengths while fostering an environment of inclusion, empowerment, inspiration and courage. We always remember, our business is the care of all people, starting with our team members. Our promise to patients we are making your healthcare experience remarkable. We will bring you world-class clinicians, care and technology - when and where you need them. We are reinventing the healthcare experience to be simpler, more convenient and more affordable, so that you can focus on getting better and staying healthy.”

“Learn about how we are serving our communities in the pandemic by visiting https://www.novanthealth.org/portals/92/assets/documents/annual-financia l-information/novant-health-2020-annual-report_rising-up.pdf”