2022-05-11T10:13:59-05:00 2021-06-30 475153865 ROSEN SAPPERSTEIN & FRIEDLANDER LLC 405 YORK ROAD TOWSON MD 21204 990 2020-07-01 521297269 UNIVERSITY OF MARYLAND PATHOLOGY ASSOCIATES PA UNIV 4107067075 250 W PRATT STREET NO 901 BALTIMORE MD 21201 SANFORD A STASS MD PRESIDENT 4103282579 2022-04-27 1 SANFORD STASS MD 999009999 JACQUELINE M REARDON CPA P00242411 4105810800 2022-04-27 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z SANFORD A STASS MD 10 S PINE STREET ROOM 2-54 MSTF BALTIMORE MD 21201 62462999 0 X WWW.UMFPI.ORG X 1983 MD UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES. 3 0 14 0 0 0 174560 349812 8419073 61715968 27980 47219 0 350000 8621613 62462999 0 0 0 0 3787382 5035949 0 0 0 5094896 52080749 8882278 57116698 -260665 5346301 4338339 30576725 2257284 22906666 2081055 7670059 X UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES. 1 0 53304640 62065968 UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY THE MEMBERS OF THE FACULTY ON BEHALF OF THE SCHOOL OF MEDICINE IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY FOR SERVICES. 53304640 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 13 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X JACQUELINE FARRELL CFO 6672141110 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 SANFORD A STASS MD PRESIDENT 2.00 1.00 X X 0 0 4126 JOHN C PAPADIMITRIOU MDPHD SECRETARY 1.00 X X 3178 0 2646 OLGA B IOFFE MD TREASURER 1.00 X X 3178 0 2757 JEFFREY W PARKER DIRECTOR OF LABORATORY SERVICE 40.00 X 0 141206 26488 JOLANTA M PUSZKIEWICZ CYTOPATHOLOGY LAB SUPERVISOR 40.00 X 0 107666 20892 6356 248872 56909 0 0 1 0 QUADRANT INC 1881 CAMPUS COMMONS DRIVE SUITE 30 RESTON VA 20191 TEMPORARY SERVICES 616542 MEDIX STAFFING SOLUTIONS INC 7839 SOLUTION CENTER CHICAGO IL 60677 TEMPORARY SERVICES 519199 RAPID RESPONSE DELIVERY 8705 BOLLMAN PLACE SUITE 300 SAVAGE MD 20763 COURIER SERVICES 290658 QUEST DIAGNOSTICS PO BOX 912512 PASADENA CA 911102512 LAB SERVICES 233368 4 349812 349812 PATIENT SERVICE REVENUE 621110 61715968 61715968 61715968 47219 47219 OTHER INCOME 900099 350000 350000 350000 62462999 62065968 0 47219 X 9660 9660 3833764 2735051 1098713 243793 170655 73138 659418 482800 176618 289314 205509 83805 75730 75730 2625 1837 788 38052975 37106001 946974 1277738 887320 390418 397904 376363 21541 243134 170512 72622 583 408 175 3976 3760 216 6982407 6982407 164417 115092 49325 175052 163629 11423 DEPARTMENTAL DEVELOPMEN 1638833 1638833 UNIVERSITY TRANSFERS 1288691 1288691 MEDICAL SUPPLIES 919240 919240 BAD DEBT EXPENSE 729897 729897 127547 46872 80675 57116698 53304640 3812058 0 1162744 21709290 351307 352016 956242 6334592 21584 51924 1420327 961700 416354 458627 1315870 1602456 114238 67820 4338339 30576725 705383 17058430 1551901 5848236 2257284 22906666 X 2081055 7670059 2081055 7670059 4338339 30576725 5346301 242703 0 X X 0 1 X 1 0 X 174560 349812 524372 8285752 8727976 9409418 8419073 61715968 96558187 8285752 8727976 9409418 8593633 62065780 97082559 0 88442 88442 88442 88442 96994117 41168 36926 17635 18154 12647 126530 41168 36926 17635 18154 12647 126530 987315 22246 350000 1359561 9314235 8787148 9427053 8611787 62428427 98568650 0.98400 0.95840 0.00130 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 139344 96470 42874 1280983 865230 415753 458627 MEDICAL SERVICE PLAN TRUST FUND 722393 MEDICAL SCHOOL ENRICHMENT FUND 2435032 DEPARTMENTAL DEVELOPMENT FUND 2524323 OTHER LIABILITIES 34330 DUE TO RELATED PARTIES 132158 5848236 X 62032980 242703 59800 302503 61730477 2625 729897 732522 62462999 56443976 59800 59800 56384176 2625 729897 732522 57116698 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE ASSOCIATION'S TAX POSITION TAKEN ON FEDERAL AND STATE INCOME TAX RETURNS FOR ALL OPEN TAX YEARS (CURRENT AND PRIOR THREE YEARS) AND HAS CONCLUDED THAT AS OF JUNE 30, 2021, NO PROVISION FOR INCOME TAX WOULD BE REQUIRED IN THE ASSOCIATION'S FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 729,897. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 729,897. X X X 0 0 0 0 0 1 0 1 0 JEFFREY W PARKER DIRECTOR OF LABORATORY SERVICE 0 136206 0 5000 0 0 0 11039 0 15449 0 167694 0 0 PART I, LINE 6 THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE. PART I, LINE 7 THE ORGANIZATION HAS VARIABLE COMPENSATION ARRANGEMENTS WHICH TAKE INTO CONSIDERATION REVENUES, NET EARNINGS, AND OTHER OPERATIONAL TARGETS, SOME OF WHICH ARE POSITION SPECIFIC AND OTHERS WHICH ARE ORGANIZATION WIDE. FORM 990, PART III, LINE 2 IN LATE 2020, AS A RESULT OF THE EMERGING COVID-19 PANDEMIC, THE ASSOCIATION ENTERED A NEW LINE OF SERVICE, PROVIDING COVID-19 TESTING. THE ASSOCIATION IS PROVIDING THESE SERVICES THROUGH VARIOUS AVENUES, HAVING ENTERED INTO A VARIETY OF LABORATORY SERVICE CONTRACTS, THE LARGEST OF WHICH IS WITH THE MARYLAND DEPARTMENT OF HEALTH (MDH). THESE LABORATORY SERVICE CONTRACTS PROVIDE COVID-19 TESTING FOR A VARIETY OF CLIENTS, INCLUDING STATE CORRECTIONAL INSTITUTIONS, COMMUNITY-BASED TESTING, NURSING HOMES AND UNIVERSITIES. THIS NEW SERVICE LINE HAS RESULTED IN MATERIAL INCREASES TO BOTH REVENUE AND EXPENSE, AS SEEN IN THE STATEMENTS OF ACTIVITIES FOR THE YEAR ENDED JUNE 30, 2021. THE VOLUME ASSOCIATED WITH THIS NEW LINE OF SERVICE IS TIED TO THE CURRENT STATE OF THE COVID-19 PANDEMIC AND IS NOT GUARANTEED TO CONTINUE AT CONSISTENT LEVELS. FORM 990, PART VI, SECTION A, LINE 6 THE ENTITY IS A MARYLAND CORPORATION WHOSE STOCKHOLDERS ARE PHYSICIANS AND MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE STOCKHOLDERS. FORM 990, PART VI, SECTION B, LINE 11B THE ENTITY RECEIVES A COPY OF THE 990 AND A REPRESENTATIVE OF THE GOVERNING BODY APPROVES IT BEFORE SIGNING THE ELECTRONIC FILING AUTHORIZATION. FORM 990, PART VI, SECTION B, LINE 12C AS PART OF THEIR EMPLOYMENT BY THE UNIVERSITY OF MARYLAND FACULTY PHYSICIANS, INC. (FPI) AND THE FACULTY PRACTICES OF THE UNIVERSITY OF MARYLAND (PAS), EMPLOYEES AND FACULTY ARE REQUIRED TO FOLLOW THE MEDICAL SERVICE PLAN. MSP POLICY #37 LISTS THE REQUIREMENTS OF COMPLIANCE AND GOOD BUSINESS PRACTICES. AS PART OF THE MSP POLICY #37, FPI ALSO MAINTAINS A CORPORATE COMPLIANCE PLAN, WHICH DETAILS EXPECTATIONS AROUND CONFLICT OF INTEREST SITUATIONS AND BILLING RESPONSIBILITIES. FPI RELIES ON THE GOOD FAITH OF ITS EMPLOYEES IN THE EXERCISE OF THEIR RESPONSIBILITIES. ALL BUSINESS JUDGMENTS ON BEHALF OF FPI SHOULD BE MADE BY ITS EMPLOYEES ON THE BASIS OF SUCH TRUST AND IN FPI'S BEST INTERESTS. FPI FULLY RESPECTS THE RIGHTS OF EMPLOYEES TO PRIVACY IN THEIR PERSONAL AFFAIRS AND FINANCIAL ACTIVITIES. THE PURPOSE OF THIS POLICY IS TO PROVIDE GUIDANCE TO EMPLOYEES IN AVOIDING SITUATIONS IN THEIR PERSONAL ACTIVITIES WHICH ARE, OR APPEAR TO BE, IN CONFLICT WITH THEIR RESPONSIBILITIES TO FPI. ALTHOUGH IT IS IMPRACTICAL TO ATTEMPT TO DEFINE EVERY SITUATION WHICH MIGHT BE CONSIDERED A CONFLICT OF INTEREST, GENERALLY SPEAKING, A CONFLICT EXISTS WHEN AN EMPLOYEE'S PERSONAL INTERESTS OR ACTIVITIES MAY INFLUENCE HIS OR HER JUDGMENT IN THE PERFORMANCE OF HIS OR HER DUTY TO FPI. THERE MAY BE CASES WHERE SUCH CONFLICTS ARE MORE THEORETICAL THAN REAL, BUT EMPLOYEES SHOULD BE CONCERNED ABOUT POSSIBLE CONFLICTS AND REVIEW AND DISCLOSE THIS SITUATION IN LIGHT OF THE FOLLOWING GUIDELINES. A MAJOR FOCUS OF THE CORPORATE COMPLIANCE PLAN IS CURRENTLY ON CODING, BILLING, AND DOCUMENTATION COMPLIANCE AND ENSURING THAT REGULATIONS ARE BEING FOLLOWED. HOWEVER, COMPLIANCE GOES BEYOND AVOIDING PENALTIES. OUR TOTAL CORPORATE COMPLIANCE PLAN INCLUDES A FULL RANGE OF ISSUES, INCLUDING: - EMPLOYMENT CONTRACTS - CONFLICTS OF INTEREST - PATIENT CONFIDENTIALITY - RECORDS RETENTION - CONTRACTS AND BUSINESS RELATIONSHIPS (INCLUDING PROFESSIONAL SERVICE AGREEMENTS) - WAIVERS OF CO-PAYMENTS, COINSURANCE AND DEDUCTIBLES, AND MORE. WHILE THE COMPLIANCE OFFICE WILL MAKE EVERY EFFORT TO PROVIDE APPROPRIATE COMPLIANCE INFORMATION TO ALL EMPLOYEES, AND TO RESPOND TO ALL INQUIRIES, NO EDUCATIONAL AND TRAINING PROGRAM, HOWEVER COMPREHENSIVE, CAN ANTICIPATE EVERY SITUATION THAT MAY PRESENT COMPLIANCE ISSUES. RESPONSIBILITY FOR COMPLIANCE WITH THE CORPORATE COMPLIANCE PLAN, INCLUDING THE DUTY TO SEEK GUIDANCE WHEN IN DOUBT, RESTS WITH EACH EMPLOYEE. THE ABOVE INFORMATION IS DISCUSSED WITH EACH NEW EMPLOYEE AND FACULTY MEMBER UPON HIRE. ANNUAL CORPORATE COMPLIANCE TRAINING TOUCHES ON THE ABOVE AS WELL. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR EACH PA PRESIDENT AND OFFICER IS REVIEWED ANNUALLY BY THE DEAN OF THE SCHOOL OF MEDICINE, WHO IS ALSO THE PRESIDENT OF FPI. THE COMPENSATION DISCUSSION INCLUDES A REVIEW OF BOTH BASE AND VARIABLE COMPENSATION COMPONENTS COMPARED TO RELEVANT BENCHMARKS. THESE TWO COMPONENTS REFLECT THE TOTAL APPROVED SALARY (TAS). AAMC REPORT ON MEDICAL SCHOOL FACULTY SALARIES ISSUED BY THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES PROVIDES COMPENSATION GUIDELINES IN THE 25TH PERCENTILE, 50TH PERCENTILE AND 75TH PERCENTILE AS BENCHMARKS. ONCE THE TAS IS APPROVED BY THE DEAN, IT IS THEN SENT TO THE UMB CAMPUS PRESIDENT FOR FINAL APPROVAL. THE VARIABLE OR BONUS COMPONENT OF COMPENSATION FOR CLINICAL ACTIVITIES IS MANAGED THROUGH A SCHOOL-WIDE PERFORMANCE BASED INCENTIVE COMPENSATION (PBIC) PLAN. BONUS PAYMENTS ARE ALSO APPROVED BY THE PRESIDENT OF UMB BEFORE DISTRIBUTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,974,657. MANAGEMENT AND GENERAL EXPENSES 818,333. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,792,990. PURCHASED SERVICES - ADMINISTRATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 116,799. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 116,799. LAB SERVICES: PROGRAM SERVICE EXPENSES 35,088,450. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,088,450. PURCHASED SERVICES - MEDICAL: PROGRAM SERVICE EXPENSES 15,264. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,264. PURCHASED SERVICES - INFORMATION TECHNOLOGY: PROGRAM SERVICE EXPENSES 27,630. MANAGEMENT AND GENERAL EXPENSES 11,842. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,472. FORM 990, PART IX, LINE 24E OTHER EMPLOYEE EXPENSE: PROGRAM SERVICE EXPENSES 21,639. MANAGEMENT AND GENERAL EXPENSES 56,524. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 78,163. BANK AND CREDIT CARD FEES: PROGRAM SERVICE EXPENSES 24,233. MANAGEMENT AND GENERAL EXPENSES 10,386. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,619. BUSINESS TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,765. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,765. DONATION: PROGRAM SERVICE EXPENSES 1,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,000. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING THE AUDITORS HAS NOT CHANGED FROM THE PRECEDING YEAR. UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC 250 W PRATT STREET SUITE 901 BALTIMORE MD 21201 521299563 COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN MD 501(C)(3) LINE 12B, II 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC K 233000 UNIVERSITY OF MARYLAND FACULTY PHYSICIANS INC P 8894000