Cedars-Sinai Medical Care Foundation

“Cedars-sinai medical center is the sole corporate member of cedars-sinai medical care foundation.”

“Cedars-sinai medical center, as the sole corporate member, elects board of directors to cedars-sinai medical care foundation.”

“Reserved rights of cedars-sinai medical center, the sole corporate member of the foundation. The following actions must be approved or acted upon by cedars-sinai medical center before becoming effective: (a) any sale or other disposition of all or a substantial portion of the assets of the foundation; (b) any merger or affiliation of the foundation with any person or entity other than the member; (c) any amendment to the articles of incorporation or bylaws of the foundation; (d) conducting any hospital business, or any non-healthcare business, or ownership of any direct or indirect interest in any hospital; (e) any act or omission which creates any material risk to the member's tax-exempt status, or creates any material risk of a violation of any state or federal laws; (f) dissolution of the foundation or the filing of any bankruptcy petition; (g) creation of any new corporation, partnership or association; (h) acquisition of or the investment in a new operating business; (i) entering into any partnerships or joint ventures; (j) adoption of or changes to operating or capital budgets, or the adoption of or changes to long-range and strategic plans; (k) unbudgeted capital expenditures over $25,000; (l) loans, borrowings or guarantees in excess of $100,000, unless approved in the budget; (m) any security interests or mortgages on the property of foundation; (n) operating or capital leases where the term is over five years or the total obligation under the lease exceeds $100,000, unless approved in the budget; (o) termination or appointment of the chief executive officer of the foundation; or (p) termination or selection of the auditors of the foundation.”

“The organization's form 990 undergoes an intense and highly comprehensive review process. The review involves various management personnel, including the chief legal officer, and a big four accounting firm. A review is performed within the finance department including review by the executive vice-president/chief financial officer. Additionally, the compensation information is reviewed by the compensation committee. A complete, unredacted copy of the form 990 is provided to all members of the board of directors in advance of a board meeting where the form 990 is presented, allowing the entire board the opportunity to review and discuss the information reported before the form 990 is filed.”

“The conflict of interest policy is a board-approved policy. Conflict reporting is required through the office of the president/ceo, who reports to the board on coi-related matters. The policy applies to the organization's directors, officers, committee members, and other individuals who have or are granted the authority to vote at board or committee meetings of the organization. These individuals are required to complete an annual conflict of interest disclosure questionnaire and provide disclosure of activities undertaken between annual disclosures. Conflict of interest questionnaires are distributed annually and the office of the president or his/her designee follows up with any person who does not complete and return the questionnaire in a timely manner. All disclosures made are reviewed by the vice president of corporate integrity for completeness and to identify actual or potential conflicts of interest. The vice president of corporate integrity works with the office of the president or his/her designee to perform any necessary diligence and identify strategies for managing any identified conflicts. Management generally involves separation of the interested person from any involvement, management or decision-making with respect to the matter giving rise to the conflict, disclosure to the board of directors, and other actions to ensure the identified conflict is sufficiently addressed in a manner that ensures that the transaction that gives rise to the conflict is fair and reasonable to the organization and consistent with fair market value. In the case of a board member with an identified conflict, that board member is precluded from participating in any deliberations or decisions regarding the transaction that gives rise to the conflict.”

“The compensation of foundation executives is reviewed and approved by the executive personnel committee of the board of cedars-sinai medical center, the sole member of the foundation. The executive personnel committee of cedars-sinai medical center (the committee) is a standing committee of the board of directors. The committee addresses compensation and benefits and is authorized by the board of directors to act on behalf of the board with respect to such issues.”

“The organization's audited consolidated financial statements are attached to its corporate member's form 990. The conflict of interest policy and governing documents are not available to the public.”

“In addition to the programs set forth above, the foundation participates with the medical center in outcomes research regarding the quality of health care. The development of a vertically-integrated health care system requires both documentation of and improvement in the quality of care, specifically, the care provided in physicians' offices. Although the quality of care provided in hospitals has been measured on an ongoing basis for many years, there was less known about the quality of care provided in physicians' offices. Outcomes research which quantifies the quality of care provided in the physicians' offices of the foundation is readily available in a vertically-integrated health care system. The foundation provides the information necessary to dramatically improve such care, which benefits the community. 5. Provides charity care: the foundation physicians are required to participate in charity health care programs established and operated by the foundation and the medical center and to provide the outpatient needs of the indigent in the community. Currently, the medical center provides inpatient and outpatient services to indigent emergency room patients who require such services. For those patients unable to pay, the foundation provides them with charity care during clinic hours if they meet predetermined criteria. The physicians of the foundation also provide indigent care at the medical center as part of their hospital staffing assistance. The foundation care managers and social workers screen patients for social determinants of health and connect patients to community resources. The foundation provides financial assistance when appropriate for safe transitions of care. The foundation social workers provide clothing for patients under its care who are unhoused or lack adequate resources. The foundation provides health care services to medi-cal and medicare program beneficiaries without discriminating. 6. Committed to increasing access to care and coordination of care: the foundation is committed to increasing access to care, improving coordination of care in order to reduce unnecessary variation and utilization, and improve patient outcomes. Our physicians, managers and staff are collaborating with colleagues across the entire health system, with the major health plans, and with community organizations to achieve these goals. Some examples of these efforts are: - our initiatives are designed to engage community physicians in projects to ensure that patients are receiving the right care, at the right time, at the right place, with the right resources. - the foundation is redesigning primary care to establish a more population-focused, patient-centered approach to care. By creating a new care team model, primary care physicians will improve their access to care, be more proactive in reaching out to patients for preventive services, and have more time to dedicate to chronic disease management. - cedars-sinai medical care foundation is sponsoring the implementation of a comprehensive electronic medical record within its clinics, with the purpose of improving patient safety, incorporating evidence-based guidelines, streamlining office operations, reducing duplicative services, improving coordination of care and meeting federal regulations for adoption of electronic health records. This implementation will meet all the criteria for "meaningful use" as defined by the federal government. Cedars-sinai medical care foundation also offers its patients a secure online portal for improved access to care and services, better self-management, and lower cost alternative office visits - cedars-sinai medical care foundation has developed an analytic model for identifying its most fragile patients. These patients have dedicated case managers ensuring that they are receiving their care in a timely manner in the most appropriate setting, and that they are maximizing the use of community resources. We also have a system to monitor several”

“Psa reimbursements: program service expenses 388,065,551. Management and general expenses 3,919,854. Fundraising expenses 0. Total expenses 391,985,405. Medical expenses - claims & cap: program service expenses 56,482,681. Management and general expenses 570,532. Fundraising expenses 0. Total expenses 57,053,213. Other purchased services: program service expenses 28,670,907. Management and general expenses 83,785. Fundraising expenses 0. Total expenses 28,754,692. Md benefits & other related expenses: program service expenses 41,139,464. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,139,464. Transcription services: program service expenses 1,911,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,911,625. Answering services: program service expenses 612,927. Management and general expenses 0. Fundraising expenses 0. Total expenses 612,927.”

“Transfer from affiliates (csmc) 237,642,893. Rounding -46.”

“The foundation's financial statements were audited on a consolidated basis with its parent for fiscal year ended june 30, 2024. The oversight of the audit was performed by its parent's audit committee.”