2021-02-26T16:30:28-06:00 2020-06-30 721088864 LAPORTE APAC 111 VETERANS MEMORIAL BLVD 600 METAIRIE LA 700054958 990 2019-07-01 721304948 LOUISIANA STATE UNIVERSITY SCHOOL OF MED IN NEW ORLEANS FACULTY GROUP PRACTICE LOUI 5044121836 478 S JOHNSON ST NEW ORLEANS LA 70112 J CHRISTIAN WINTERS CEO 5044121818 2021-02-03 1 JOHN S WILES CPA P01222673 5048355522 2019 2022-09-23 18:48:47Z LSU HEALTHCARE NETWORK J CHRISTIAN WINTERS 478 S JOHNSON ST NEW ORLEANS LA 70112 197178571 0 X N/A X 1995 LA SEE SCHEDULE OPRIVATE, TAX-EXEMPT FACULTY GROUP PRACTICE THAT WAS ESTABLISHED TO SUPPORT THE CHARITABLE, SCIENTIFIC, AND EDUCATIONAL MISSIONS OF THE LSU HEALTH SCIENCES CENTER IN NEW ORELANS, PARTICULARLY AS THEY RELATE TO ITS SCHOOLS OF MEDICINE, ALLIED HEALTH PROFESSIONS, DENTISTRY, NURSING, AND PUBLIC HEALTH, IN THEIR CLINICAL PRACTICE FUNCTIONS. 15 8 248 0 82975 81300 0 3526422 165005668 141421500 36763201 1529604 -2984 339627 201765885 146817153 0 10348232 0 0 9333802 10308336 0 0 0 155517630 135881343 164851432 156537911 36914453 -9720758 86244888 83328108 20163108 26967086 66081780 56361022 THE PATIENT-CENTERED HEALTHCARE TEAM OF THE LSU HEALTHCARE NETWORK WILL PROVIDE THE HIGHEST QUALITY, COMPREHENSIVE MEDICAL CARE WITH COMPASSION AND PROFESSIONALISM, WHILE MAINTAINING OUR COMMITMENT TO ACADEMIC EXCELLENCE 0 0 153769939 10348232 141761127 ENHANCEMENT FUND PAYMENTS PAID TO THE LA STATE UNIVERSITY HEALTH SCIENCES CENTER HELPED SUSTAIN FACULTY TEACHING PROGRAMS, RESIDENT TRAINING, AND MEDICAL RESEARCH. THE FACULTY GROUP PRACTICE ALSO MANAGES COMMUNITY OUTREACH CLINICS SUCH AS THE NEW ORLEANS MUSICIAN'S CLINIC THAT PROVIDES DISCOUNTED CARE TO THE CITY'S MUSICIANS, BASED ON NEED. CLINICAL CARE TO THE COMMUNITY IS PROVIDED WITHOUT REGARD TO THE ABILITY TO PAY OR THE POSSESSION OF INSURANCE. DURING THE YEAR ENDED JUNE 30, 2020, CHARITY CHARGES ENTERED INTO THE BILLING SYSTEM AND ADJUSTED OFF TOTALED APPROXIMATELY $10.3 MILLION WHICH REPRESENTS 9% OF THE TOTAL GROSS CHARGES FOR THE FISCAL YEAR. 153769939 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 248 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X J CHRISTIAN WINTERS MD 5044121836 478 S JOHNSON ST NEW ORLEANS LA 70112 STEVE NELSON MD PRESIDENT 0.50 40.00 X X 0 739722 119309 MARK H TOWNSEND MD LSUHSC REPRESENTATIVE 0.50 40.00 X 0 295926 44199 ROBERT D ZURA LSUHSC REPRESENTATIVE 0.50 40.00 X 0 817146 91420 FRANK SMART MD LSUHSC REPRESENTATIVE 0.50 40.00 X 0 616402 59798 JAYNE S WEISS MD LSUHSC REPRESENTATIVE 0.50 40.00 X 0 693313 76561 JACK CHRISTIAN WINTERS MD CEO 0.50 40.00 X X 0 680801 90463 DOREEN BRASSEAUX LSU SYSTEM 0.50 0.50 X 0 0 0 E JOHANN BULTMAN COMMUNITY MEMBER 0.50 0.50 X 0 0 0 JOHN FINAN JR COMMUNITY MEMBER 0.50 0.50 X 0 0 0 COREY HEBERT MD COMMUNITY MEMBER 0.50 0.50 X 0 0 0 MICHAEL MANES COMMUNITY MEMBER 0.50 0.50 X 0 0 0 HENRY MILLER COMMUNITY MEMBER 0.50 0.50 X 0 0 0 STEVE PERRY COMMUNITY MEMBER 0.50 0.50 X 0 0 0 SAMUEL STAGGS MD COMMUNITY MEMBER 0.50 0.50 X 0 0 0 CAROL SUGGS COMMUNITY MEMBER 0.50 0.50 X 0 0 0 CINDY BRENNAN-DAVIS COMMUNITY MEMBER 0.50 0.50 X 0 0 0 LANA GEE DIRECTOR OF HEALTH INFORMA 40.00 X 133061 0 13522 ATARA MCAVOY CFO 40.00 X 167751 0 10160 JEFF DONALDSON COO 40.00 X 162549 0 12764 463361 3843310 518196 3 0 1 0 ACS ACADIANA COMPUTER SYSTEMS PO BOX 60670 LAFAYETTE LA 70596 BILLING COMPANY 6543098 LSUHSC-NEW ORLEANS 433 BOLIVAR ST NEW ORLEANS LA 70112 HEALTHCARE SERVICES 1188314 ALLSCRIPTS 24630 NETWORK PLACE CHICAGO IL 60673 ELECTRONIC MEDICAL RECORDS 668473 ARTIGUES CONSTRUCTION CO INC 1215 FRIED STREET GRETNA LA 70053 CONSTRUCTION 633351 R1 MEDICAL CONSULTING INC 401 N MICHIGAN AVE STE 2700 CHICAGO IL 60611 CONSULTING 551242 10 3526422 3526422 PATIENT SERVICE REVENUE 621110 121389897 121389897 CAPITATION REVENUE 621110 20031603 20031603 141421500 1353722 82975 1270747 50514690 22610 50320744 40674 193946 -18064 175882 175882 INCOME TAX REFUND 900099 248437 248437 GAIN ON EQUITY INVESTMENT 621110 91190 91190 339627 146817153 141761127 82975 1446629 10348232 10348232 499807 434832 64975 7950253 6916720 1033533 326146 283747 42399 880400 765948 114452 651730 567005 84725 21735 18909 2826 290299 252560 37739 95581 83155 12426 9635525 9060407 575118 69726 60662 9064 771425 671141 100284 483657 420782 62875 2396351 2084825 311526 10793 9390 1403 21720 18896 2824 449977 391480 58497 279238 242937 36301 NET REVENUES RETURNED T 91669261 91669261 MEDICAL CLAIMS EXPENSE 16307636 16307636 BAD DEBT EXPENSE 8560755 8560755 MEDICAL SUPPLIES 2192091 2192091 2625573 2408568 217005 156537911 153769939 2767972 0 X 6912126 14945248 20240435 7729026 150435 193047 996516 551415 7348637 5465546 1493028 1883091 52719626 54266440 2983402 3074592 529073 462702 220247 222547 86244888 83328108 4369220 3045906 0 8547644 15793888 15373536 20163108 26967086 X 66081780 56361022 66081780 56361022 86244888 83328108 -9720758 0 X X 0 1 X 1 0 X X 1 LSU HEALTH SCIENCES CENTER - NEW ORLEANS 726087770 6 1 105690564 0 1 105690564 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X SCHEDULE A, PART I, LINE 11, COLUMN V THE TOTAL AMOUNT OF MONETARY SUPPORT OF $105,690,564 INCLUDES THE REIMBURSEMENT OF CLINICAL AND ADMINISTRATIVE SERVICES AND LEASED FACULTY EXPENSE PROVIDED BY LSU HEALTH SCIENCE CENTER - NEW ORLEANS TO LSU SCHOOL OF MEDICINE FACULTY GROUP, FUNDS FOR THE RENOVATION AND DEVELOPMENT OF FACULTY OFFICES IN THE RENOVATED INTERIM LOUISIANA HOSPITAL, AND FUNDS TO ASSIST LSU HEALTH SCIENCES CENTER DURING THE CORONAVIRUS OUTBREAK. IT ALSO INCLUDES THE LSU SCHOOL OF MEDICINE FACULTY GROUP SUPPORT PAYMENT TO LSU HEALTH SCIENCE CENTER'S MEDICAL SCHOOL ENHANCEMENT FUND AS WELL AS GRANTS TO LSU HEALTH SCIENCE CENTER. PART IV, SECTION A, LINE 2: THE SUPPORTED ORGANIZATION IS LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER WHICH IS A COMPONENT OF THE LOUISIANA STATE UNIVERSITY SYSTEM AND AS A RESULT IS NOT REQUIRED TO RECEIVE AN IRS DETERMINATION OF STATUS UNDER SECTION 509(A)(1) OR (2). THE UNIVERSITY SYSTEM IS CONSIDERED A GOVERNMENTAL ENTITY OF THE STATE OF LOUISIANA. PART IV, SECTION D, LINE 3: THE LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE (LSUHN) IS A SUPPORTING ORGANIZATION OF LSU HEALTH SCIENCES CENTER - NEW ORLEANS (LSUHSC). ITS PURPOSE IS TO PROVIDE MEDICAL, EDUCATIONAL, AND RESEARCH FUNCTIONS FOR LSUHSC. IF IT DID NOT ENGAGE IN THESE ACTIVITIES, LSUHSC WOULD HAVE TO PROVIDE THEM ITSELF. LSUHN'S FINANCE AND EXECUTIVE COMMITTEES ARE CONTROLLED BY LSUHSC AND THIS ENABLES LSUHSC TO HAVE A SIGNIFICANT VOICE IN THE OPERATIONS OF LSUHN. AS SUCH, THESE COMMITTEES CONTROL THE USE OF THE INCOME AND ASSETS OF LSUHN AND PAYMENTS MADE TO LSUHSC. IN ADDITION, THE FINANCE COMMITTEE SETS THE INVESTMENT POLICIES OF LSUHN. LSUHN IS CONSIDERED A BLENDED COMPONENT UNIT OF THE UNIVERSITY SYSTEM AND IS INCLUDED IN THE LOUISIANA STATE UNIVERSITY SYSTEM FINANCIAL STATEMENTS. THE COMPONENT UNIT IS INCLUDED IN THE REPORTING ENTITY BECAUSE OF THE SIGNIFICANCE OF ITS OPERATIONAL AND FINANCIAL RELATIONSHIPS WITH THE LSU SYSTEM AND THE LSUHSC. THIS BLENDING PROVIDES THE LSU SYSTEM AND LSUHSC WITH FULL KNOWLEDGE OF THE FINANCIAL MATTERS OF LSUHN. PART IV, SECTION E, LINE 1C: THE SUPPORTED ORGANIZATION IS THE LOUISIANA STATE UNIVERSITY HEALTH SCIENCES CENTER (LSUHSC), WHICH IS A COMPONENT OF THE LOUISIANA STATE UNIVERSITY SYSTEM, AND IS CONSIDERED A GOVERNMENTAL ENTITY OF THE STATE OF LOUISIANA. THE LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE (LSUHN) IS A PRIVATE ENTITY THAT SUPPORTS THIS GOVERNMENTAL ENTITY. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 785862 584485 201377 1468285 1092036 376249 5094490 3789025 1305465 1883091 DUE TO HEALTH SCIENCES CENTER - NEW ORLEANS 13393739 PPP LOAN 1979797 15373536 X 138160817 0 138160817 95581 8560755 8656336 146817153 147881575 0 147881575 95581 8560755 8656336 156537911 PART X, LINE 2: LSUHN IS A NON-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF LOUISIANA. IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AND QUALIFIES AS A SUPPORT ORGANIZATION, AS DEFINED IN SECTION 501(A) OF THE CODE. LSUHN'S BLENDED COMPONENT UNIT, UNIVERSITY MEDICAL GROUP, LLC, HOLDS A MINORITY OWNERSHIP INVESTMENT IN PH HOLDINGS, LLC, WHICH IS A HOLDING COMPANY FORMED IN NOVEMBER 2011 THAT ELECTED TO BE AN S CORPORATION EFFECTIVE JANUARY 1, 2012. AS A RESULT OF THIS ELECTION, ANY NET INCOME DERIVED FROM THIS INVESTMENT WILL BE SUBJECT TO TAX FROM UNRELATED BUSINESS ACTIVITIES. LSUHN REQUESTED AND RECEIVED A PRIVATE LETTER RULING FROM THE INTERNAL REVENUE SERVICE WHICH CONFIRMED ITS MINORITY INTEREST IN THIS S CORPORATION, THROUGH ITS BLENDED COMPONENT UNIT, WILL NOT AFFECT ITS TAX-EXEMPT STATUS. LSUHN AND ITS BLENDED COMPONENT UNITS BELIEVE THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, WOULD BE INCLUDED IN OPERATING EXPENSES. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 8,560,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 8,560,755. 1 LSU HEALTH SCIENCES CENTER - NEW ORLEANS 433 BOLIVAR STREET 401C NEW ORLEANS LA 70112 726087770 501(C)(3) 10348232 OPERATIONAL SUPPORT X X X 0 0 0 0 0 0 0 0 0 STEVE NELSON MD PRESIDENT 0 739722 0 0 0 0 0 106650 0 12659 0 859031 0 0 MARK H TOWNSEND MD LSUHSC REPRESENTATIVE 0 295926 0 0 0 0 0 37842 0 6357 0 340125 0 0 ROBERT D ZURA LSUHSC REPRESENTATIVE 0 817146 0 0 0 0 0 79264 0 12156 0 908566 0 0 FRANK SMART MD LSUHSC REPRESENTATIVE 0 616402 0 0 0 0 0 47817 0 11981 0 676200 0 0 JAYNE S WEISS MD LSUHSC REPRESENTATIVE 0 693313 0 0 0 0 0 69356 0 7205 0 769874 0 0 JACK CHRISTIAN WINTERS MD CEO 0 680801 0 0 0 0 0 78379 0 12084 0 771264 0 0 ATARA MCAVOY CFO 167751 0 0 0 0 0 10160 0 0 0 177911 0 0 0 JEFF DONALDSON COO 162549 0 0 0 0 0 7615 0 5149 0 175313 0 0 0 FORM 990, PART I LOUISIANA STATE UNIVERSITY SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE, DBA LSU HEALTH NETWORK (LSUHN), ASSISTS THE LSU HEALTH SCIENCES CETNER (LSUHSC) IN CARRYING OUT ITS MEDICAL, EDUCATIONAL, AND RESEARCH FUNCTIONS. LSUHN HELPS LSUHSC ATTAIN ITS MISSION AND GOALS AS THEY RELATED TO THE LSUHSC-NO SCHOOLS OF MEDICINE, ALLIED HEALTH PROFESSIONS, DENTISTRY, NURSING AND PUBLIC HEALTH (COLLECTIVELY, THE HEALTH PROFESSIONAL SCHOOLS) IN THEIR CLINICAL PRACTICES. LSUHN PROVIDES HEALTH CARE TO THE GENERAL PUBLIC INCLUDING, BUT NOT LIMITED TO, THE DELIVERY OF PHYSICIAN MEDICAL SERVICES AND OTHER HEALTH CARE SERVICES TO INDIVIDUALS. LSUHN'S ACTIVITIES INCLUDE SERVICES PROVIDED IN BOTH THE PUBLIC HOSPITALS AND THE PRIVATE CLINICS BY LSUHSC. LSUHN CONTINUES TO PROVIDE CARE TO PATIENTS FORMERLY SEEN IN THE PUBLIC HOSPITAL SYSTEM IN NEW ORLEANS, BATON ROUGE, AND LAFAYETTE, WITHOUT REGARD TO THEIR ABILITY TO PAY FOR THOSE SERVICES. LSUHN RECEIVES COMPENSATION FOR THESE SERVICES FROM THE MEDICARE AND MEDICAID PROGRAMS, CERTAIN COMMERCIAL INSURANCE CARRIERS, HEALTH MAINTENANCE ORGANIZATIONS, PREFERRED PROVIDER ORGANIZATIONS AND DIRECTLY FROM PATIENTS. HOWEVER, DURING THE YEAR ENDED JUNE 30, 2020, CHARITY CHARGES ENTERED INTO THE BILLING SYSTEM AND ADJUSTED OFF TOTALED OVER $10.3 MILLION. FORM 990, PART VI, SECTION B, LINE 11B UPON COMPLETION OF THE FINAL DRAFT OF FORM 990, A COPY OF THE DRAFT IS SENT TO MEMBERS OF THE EXECUTIVE/FINANCE COMMITTEE. THE COMBINED COMMITTEE IS THEN CONVENED WITH REPRESENTATIVES OF THE OUTSIDE CPA FIRM TO DISCUSS THE FORM. AFTER ACCEPTANCE BY THE COMMITTEE, THE FORM IS THEN REVIEWED BY THE BOARD OF DIRECTORS. WHEN THIS REVIEW IS COMPLETE, THE FORM IS FILED WITH THE APPLICABLE AGENCIES. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REQUIRES ALL EMPLOYEES AND TRUSTEES TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATIONS WHICH COULD BE PERCEIVED AS A CONFLICT OF INTEREST. ALL TRUSTEES ARE REQUIRED, AT A MINIMUM, TO DISCLOSE ANY POTENTIAL PERSONAL OR BUSINESS ASSOCIATION WHICH MAY BE A CONFLICT OF INTEREST ON FORMS PROVIDED TO THEM. EMPLOYEES ARE REQUIRED TO DISCLOSE SUCH CONFLICTS WHEN HIRED AND ARE AN ON-GOING REQUIREMENT OF EMPLOYMENT. NEW TRUSTEES AND EMPLOYEES ARE ALSO REQUIRED TO ATTEND AN ORIENTATION WHERE THIS SPECIFIC TOPIC IS DICUSSED. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF THE ORGANIZATION DOES NOT DETERMINE OR APPROVE THE SALARIES FOR THE RELATED ORGANIZATION EMPLOYEES THAT PARTICIPATE ON THE ORGANIZATION'S BOARD. THE ORGANIZATION IS ALLOCATED A PORTION OF THE CEO AND THE MEDICAL DIRECTOR SALARIES FROM THE RELATED ORGANIZATION FOR THEIR TIME ATTRIBUTED TO THEIR ROLE AT THE ORGANIZATION. SENIOR MANAGEMENT COMPENSATION IS COMPARED TO SURVEYS FOR SIMILAR ORGANIZATIONS IN OUR REGION AND APPROVED BY THE PRESIDENT AND CEO AND REPORTED TO THE EXECUTIVE/FINANCE COMMITTEE AND BOARD. THE EXECUTIVE/FINANCE COMMITTEE AND THE BOARD ARE ALSO NOTIFIED OF CHANGES IN KEY POSITIONS AT THE ORGANIZATION AND THIS IS DOCUMENTED AT ITS MEETINGS IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES THIS FORM AS WELL AS VARIOUS POLICIES TO THE GENERAL PUBLIC UPON REQUEST. PART X, COLUMN B ON MAY 5, 2020, LSUHN OBTAINED A LOAN TOTALING $1,979,797 FROM A FINANCIAL INSTITUTION PURSUANT TO THE TERMS OF THE PPP AUTHORIZED BY THE CARES ACT. THE LOAN HAS A FIXED INTEREST RATE OF 1% AND MATURES ON MAY 15, 2022. NO PAYMENTS ARE DUE EFOR THE FIRST SIX MONTHS AND, AFTER TAKING INTO ACCOUNT ANY LOAN FORGIVENESS APPLICABLE TO THE LOAN PURSUANT TO THE PROGRAM, ANY REMAINING PRINCIPAL AND ACCRUED INTEREST WILL BE PAYABLE IN EQUAL MONTHLY INSTALLMENTS ON THE FIRST DAY OF EACH MONTH FOR THE REMAINING 18-MONTH TERM OF THE LOAN. THE CURRENT PORTION OF THIS NOTE PAYABLE AND NOT YET FORGIVEN AT JUNE 30, 2020 IS $779,582. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VI, LINE 16 LSUHN HAS AN OWNERSHIP INTEREST IN AND A CONTRACT WITH A FOR PROFIT ENTITY AS PART OF ITS CHARITABLE MISSION. LSUHN SUBMITTED A REQUEST FOR A PRIVATE LETTER RULING AND THE IRS CONCLUDED THAT THIS ARRANGEMENT WOULD HAVE NO EFFECT ON ITS TAX EXEMPT STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). IN ADDITION, THE IRS CONCLUDED THAT THE INCOME EARNED WOULD BE SUBJECT TO UNRELATED BUSINESS TAX, WHICH HAS BEEN REPORTED ON FORM 990-T. UNIVERSITY MEDICAL GROUP LLC 2025 GRAVIER STREET 6TH FLOOR NEW ORLEANS LA 70112 721424889 PHYSICIAN HEALTH CARE SERVICES LA 3745048 12015963 LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE LSUHN BILLING LLC 2025 GRAVIER STREET 6TH FLOOR NEW ORLEANS LA 70112 261531455 BILLING COMPANY LA LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE LSUHN VASCULAR LAB LLC 2025 GRAVIER STREET 6TH FLOOR NEW ORLEANS LA 70112 271244610 VASCULAR LABORATORY LA LSU SCHOOL OF MEDICINE IN NEW ORLEANS FACULTY GROUP PRACTICE LSU HEALTH SCIENCES CENTER - NEW ORLEANS 433 BOLIVAR STREET 401C NEW ORLEANS LA 70112 726087770 HEALTHCARE LA 501(C)(3) 170(B)(I)(A)(II) N/A 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0