2018-02-02T11:00:44-06:00 2017-06-30 475153865 ROSEN SAPPERSTEIN & FRIEDLANDER LLC 405 YORK ROAD TOWSON MD 21204 990 2016-07-01 521103228 UNIVERSITY OF MARYLAND PHYSICIANS PA UNIV 4103286222 419 WEST REDWOOD STREET NO 660 BALTIMORE MD 21201 STEPHEN N DAVIS MBBS PRESIDENT 4103286222 2018-01-29 1 JACQUELINE M REARDON CPA P00242411 4105810800 2018-01-29 144.202.233.66 2018-01-29 15:23:36 ES P 95458D06CE73BF048AE8F7DD0DC12220AC98EF74 BA12471EDF142F69CB1F46E5B6454E26369CDCC2 2016 2021-01-29 14:40:06Z STEPHEN N DAVIS MBBS 419 W REDWOOD STREET SUITE 660 BALTIMORE MD 21201 44011207 0 X WWW.FPI.UMARYLAND.EDU X 1977 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. 5 0 110 0 0 0 0 0 41202254 44004517 117 2645 166852 0 41369223 44007162 0 0 0 0 14279408 15574904 0 0 0 25639273 30916340 39918681 46491244 1450542 -2484082 10009504 9452860 5426640 7354078 4582864 2098782 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. 0 0 40149016 44004517 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. 40149016 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 18 0 1 110 1 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X KAREN HORNICK 6672141389 419 W REDWOOD STREET SUITE 660 BALTIMORE MD 21201 STEPHEN N DAVIS MBBS PRESIDENT 16.00 1.00 X X 317072 0 29000 MATHEW R WEIR MD DIRECTOR 40.00 X 5000 0 4703 JEFFREY HASDAY MD DIRECTOR 40.00 X 44943 0 7661 JEFFREY FINK MD DIRECTOR 40.00 X 5000 0 4104 DAVID ZIMRIN MD DIRECTOR 40.00 X 5964 0 6444 ROBERT REDFIELD MD VICE PRESIDENT 40.00 X 110750 0 14041 CARRIE WALLACE MD SECRETARY/TREASURER 40.00 X 17550 0 3499 SANJAY RAJAGOPALAN MBBS PHYSICIAN 40.00 X 189345 0 17736 SCOTT JEROME MD PHYSICIAN 40.00 X 125000 0 15074 820624 0 102262 4 0 1 0 RANDSTAD PO BOX 7247-6655 PHILADELPHIA PA 191706655 HEALTHCARE SERVICES 165024 MEDICAL STAFFING NETWORK PO BOX 840292 DALLAS TX 75284 HEALTHCARE SERVICES 122313 2 PATIENT SERVICE REVENUE 621110 44004517 44004517 44004517 2592 2592 4098 4045 53 53 53 44007162 44004517 0 2645 566557 566557 10917811 8476447 2441364 839657 587760 251897 2555652 2355421 200231 695227 486659 208568 1042 729 313 43151 43151 1642733 1149913 492820 9929 6950 2979 723789 723789 863960 604772 259188 1167944 817561 350383 5175 5175 3793511 3793511 136603 95622 40981 GENERAL AND ADMINISTRAT 11608825 11525000 83825 DEPARTMENTAL DEVELOPMEN 6023835 6023835 MALPRACTICE INSURANCE 3105175 3105175 BAD DEBT EXPENSE 828805 828805 961863 553104 408759 46491244 40149016 6342228 0 3424339 4628165 4349080 3796050 32775 0 11065 8141 2830728 2610602 336930 220126 1855315 800378 10009504 9452860 1814887 2816245 171988 0 3439765 4537833 5426640 7354078 X 4582864 2098782 4582864 2098782 10009504 9452860 -2484082 0 X X 0 1 X 1 0 X 35301254 38594969 38565615 41202254 44004517 197668609 35301254 38594969 38565615 41202254 44004517 197668609 0 0 0 197668609 130 31 117 2592 2870 130 31 117 2592 2870 166852 166852 35301384 38594969 38565646 41369223 44007109 197838331 0.99910 0.99910 0.00000 X 772548 753926 18622 2058180 1856676 201504 220126 CONTRACT AND OTHER RECEIVABLES 800378 800378 MEDICAL SERVICES PLAN TRUST FUND 210370 MEDICAL SCHOOL ENRICHMENT FUND 713001 DEPARTMENTAL DEVELOPMENT FUND 3415635 DEFERRED RENT 112173 DUE TO RELATED PARTIES 86654 4537833 X 44007162 0 44007162 0 44007162 46491244 0 46491244 0 46491244 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, 2017, NO PROVISION FOR INCOME TAX WOULD BE REQUIRED IN THE ASSOCIATION'S FINANCIAL STATEMENTS. X X X 0 0 0 1 0 1 0 1 0 STEPHEN N DAVIS MBBS PRESIDENT 317072 0 0 0 0 0 22988 0 6012 0 346072 0 0 0 SANJAY RAJAGOPALAN MBBS PHYSICIAN 189345 0 0 0 0 0 13728 0 4008 0 207081 0 0 0 PART I, LINE 1A THE ORGANIZATION FOLLOWED THE WRITTEN POLICY THAT WAS APPROVED BY THE GOVERNING BOARD. PART I, LINE 5 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 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. ROBERT REDFIELD VICE PRESIDENT ADVANCE RELATED TO BONUS PAYMENT X 32775 0 0 0 1 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 DURING THE CURRENT FISCAL YEAR, THERE HAVE BEEN NO CHANGES IN THE MANNER IN WHICH THE GOVERNING BODY IS ELECTED. 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 2015-2016 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 XI, 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 521295563 COORDINATION AND IMPLEMENTATION OF A MEDICAL SERVICE PLAN MD 501(C)(3) LINE 10 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 P 17900000