2018-05-14T09:18:41-05:00 2017-06-30 990 2016-07-01 510190238 Wake Forest University Baptist Medical Center WAKE 3367164445 Medical Center Blvd WinstonSalem NC 27157 Bradley A Clark Treasurer 3367164445 2018-05-08 152.11.164.14 2018-05-08 14:41:53 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 92F11F32722E8792293CAF8DF02A44B038BF976A 2016 2021-01-29 14:40:06Z Julie A Freischlag MD Medical Center Blvd WinstonSalem NC 27157 145040868 0 X wakehealth.edu X 1975 NC Improving the health of our region, state and nation 13 12 14695 1953 -178665 -178665 3625492 1017776 20667577 141957380 37258 195454 1598860 -9941 25929187 143160669 6020 95150 0 0 17277420 94173734 0 0 0 14821950 62347821 32105390 156616705 -6176203 -13456036 259528515 388126708 131023426 289216510 128505089 98910198 X See Schedule OTHE ORGANIZATION IS PART OF WAKE FOREST BAPTIST MEDICAL CENTER, A PREEMINENT, INTERNATIONALLY RECOGNIZED ACADEMIC MEDICAL CENTER OF THE HIGHEST QUALITY WITH BALANCED EXCELLENCE IN PATIENT CARE, RESEARCH AND EDUCATION. OUR MISSION IS TO IMPROVE THE HEALTH OF OUR REGION, STATE AND NATION BY: GENERATING AND TRANSLATING KNOWLEDGE TO PREVENT, DIAGNOSE AND TREAT DISEASE; TRAINING LEADERS IN HEALTH CARE AND BIOMEDICAL SCIENCE; AND SERVING AS THE PREMIER HEALTH SYSTEM IN OUR REGION, WITH SPECIFIC CENTERS OF EXCELLENCE RECOGNIZED AS NATIONAL AND INTERNATIONAL CARE DESTINATIONS. 0 0 3452250 7300 Wake Forest University Baptist Medical Center is an integral part of Wake Forest Baptist Medical Center, a preeminent, internationally recognized academic medical center of the highest quality with balanced excellence in patient care, research and education. The following paragraphs are provided to explain the relationship of the filing organization with other organizations which together comprise "Wake Forest Baptist Medical Center," the name not of any one corporate entity, but used generically to describe a large group of mostly tax-exempt 501 (c)(3) organizations performing various academic medical center activities in northwest North Carolina, including patient care, medical research, technology transfer and medical education. Because these activities are not all performed by each organization, the narrative that follows will include descriptions of activities that are performed by the filing organization and by a related (or unrelated but affiliated) organization; they are again provided to illustrate a complete picture of the filing organization's role in this integrated academic medical center's comprehensive activities. Wake Forest Baptist Medical Center is northwest North Carolina's sole academic medical center, bringing to the region the resources of one of America's top hospitals and innovative research centers and a premier medical school. Wake Forest University Baptist Medical Center (WFUBMC) is a corporation whose two equal members are Wake Forest University and North Carolina Baptist Hospital. The Medical Center operates Wake Forest University School of Medicine, which has a faculty of 1,247, including physicians and basic scientists. The medical center has 1,029 acute care and rehabilitation beds operative across the system, which encompasses its main campus (885 beds), Wake Forest Baptist Health Lexington Medical Center (94 beds) and Wake Forest Baptist Health Davie Medical Center (50 beds). The medical center opened a $47 million, 50-bed inpatient facility at Davie Medical Center in the spring of 2017. Overall, Wake Forest Baptist Medical Center serves a 24-county region in northwestern North Carolina and southwestern Virginia and draws patients from across the nation for select services.The medical center is the driving force behind the establishment of Wake Forest Innovation Quarter, a growing urban-based district for research, business and education in biomedical science, information technology, clinical services and advanced materials in downtown Winston-Salem. Home to more than 152 companies, four leading institutions, more than 3,600 workers, 1,522 students and 8,000 workforce trainee participants, the Innovation Quarter currently comprises 1.9 million square feet of office, laboratory and educational space on its 200+ developable acres. In July 2016, Wake Forest University School of Medicine students began their medical careers in the Bowman Gray Center for Medical Education in the Innovation Quarter. The $60 million building was designed with the next generation of physician-leaders in mind. It includes the latest technologies and simulation labs that allow students to prepare for real-life experiences. The opening of the Bowman Gray Center coincided with the adoption of a new medical school curriculum that is one of the most advanced in the country.In November 2016, Wake Forest Baptist Medical Center was awarded a five-year, $8.7 million grant from the National Institutes of Health for the establishment of a new center for research into Alzheimer's disease. The Alzheimer's Disease Core Center at Wake Forest Baptist is among 31 NIH-funded Alzheimer's research centers in the country and the only one in North Carolina. The center will provide training in translational research to new investigators and develop educational programs about Alzheimer's and dementia for health care professionals, patients and family members, and the community at large. The center already is offering groundbreaking clinical trials, including studies that examine how exercise, diet and new drugs may affect the development or progress of Alzheimer's and dementia.1. CLINICAL SERVICES Wake Forest Baptist Medical Center is nationally recognized for clinical excellence and internationally known for pioneering research and clinical innovation. Its clinical enterprise, Wake Forest Baptist Health, offers expertise in more than 100 areas of medicine, encompassing comprehensive preventive and highly specialized care for all ages. The medical center network includes the 167-bed Comprehensive Cancer Center and the 144-bed Brenner Children's Hospital, both of which are on the main campus in Winston-Salem, as well as community hospitals in neighboring Davidson and Davie counties. Across its service area of northwest North Carolina and southwest Virginia, Wake Forest Baptist has 3 emergency departments, 3 urgent care centers, 72 primary care clinics, 265 specialty clinics, 18 out-patient dialysis centers, 1 free-standing dialysis access-center, and freestanding imaging and endoscopy centers. The medical center employs 1,865 physicians, 3,184 registered nurses, and 716 residents and fellows. It has a total staff of 16,157. Overall in FY 2017, Wake Forest Baptist had 55,568 inpatient admissions, 158,344 Emergency Department visits and 1,868,802 outpatient encounters (ambulatory visits and outpatient encounters).2. OUTREACHWake Forest Baptist Medical Center continues a broad-based effort to reach underserved populations across its service area. The Medical Center's annual Community Benefits report reflects this commitment. In fiscal 2017, the Medical Center spent $374 million to support these areas: Subsidized health costs Community health outreach Charity care Research EducationOne anchor of outreach for the Medical Center is its Downtown Health Plaza, a full-service, outpatient medical clinic that serves many of Forsyth County's uninsured and underinsured residents with a state-of-the-art medical home. In addition to clinical care, the Downtown Health Plaza offers community health fairs, diabetes education and a Centering Pregnancy Program that is reducing the incidence of low birth weight babies. Altogether, 64,768 patient visits were recorded at the Downtown Health Plaza in the 2017 fiscal year, and another 13,348 visits were recorded at Winston East Pediatrics, a nearby Wake Forest Baptist care facility serving the uninsured and underinsured.The Medical Center's programs and partnerships reflect innovative efforts to reach underserved populations. They include:-- Regular community-based health clinics, including: the weekly Delivering Equal Access to Care (DEAC) Clinic at the Community Care Center in Winston-Salem, the monthly Triad Free Health Clinic at Community Mosque in Winston-Salem, the monthly Grace Clinic at New Light Missionary Baptist Church in Winston-Salem and the annual Share the Health Fair at the Downtown Health Plaza in Winston-Salem. These clinics, sponsored by private organizations and churches with volunteer assistance from Wake Forest Baptist physicians, nurses, medical students and others, attract thousands of people to screenings for acute and chronic conditions. -- The School of Medicine's Physician Assistant (PA) program, which is increasing the number of PA's working in primary care in North Carolina's rural Appalachian counties through its second campus at Appalachian State University in Boone. -- FaithHealthNC, an initiative that connects the caring strengths of congregations, the clinical expertise of providers and a network of community resources to ease those on the journey to health and healing, strengthening communities in the process. One example of this work is a FaithHealth program in which workers known as Supporters of Health connect patients with resources they need after a health incident or hospitalization. The goal is to help these patients avoid readmission, in particular to the emergency department. 3. EDUCATIONAL MISSION AND ACCOMPLISHMENTS The constituent organizations of Wake Forest Baptist Medical Center operate a broad range of educational programs, graduating skilled practitioners. It attracts some of the world's most competitive medical students, residents and fellows, as well as students in clinical pastoral care, nurse anesthesia and other areas. In the most recent reporting period, Wake Forest Baptist invested more than $107.3 million in the education of tomorrow's health care and biomedical leaders and in research funding not covered by outside sources. That investment supported training of 491 medical students, 716 physician residents and fellows, 267 graduate students and 175 physician assistants. In addition, the Northwest Area Health Education Center, part of Wake Forest University School of Medicine, offered 1,935 continuing medical education activities that drew 35,019 participants from throughout the region. 144599090 87850 141957380 Cornerstone Health Care is a multi-disciplinary medical practice with more than 80 locations in communities throughout central north carolina. Cornerstone provided medical outpatient care services to approximately 562,000 patients during the fiscal year. Cornerstone Health Care is the recipient of the 2015 American Medical Group Association Acclaim Award, a national recognition for success in improving the quality and lowering the cost of services offered. Cornerstone has transitioned from the traditional "fee-for-service" model to a patient-centered medical home system providing expanded access, increased coordination of care, enhanced patient education for prevention and treatment of chronic disease, and sophisticated technological support. Cornerstone Health Care was selected to participate in the Medicare Shared Savings Program Accountable Care Organization ("ACO") sponsored by the Centers for Medicare and Medicaid Services ("CMS"). Through the Shared Savings Program, Cornerstone works with CMS to provide Medicare Fee-For-Service beneficiaries with high quality service and care, while reducing the growth in medicare expenditures through enhanced care coordination. In 2016, Cornerstone was one of only 21 ACO's in the United States invited to particpate in phase two of the ACO process called the Next Generation ACO. This recognizes Cornerstone's advanced readiness and committment to providing the highest quality care at the best cost possible. 148051340 1 1 0 0 0 0 0 0 0 0 1 0 1 1 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 1 0 0 1 1 1 1 0 0 1 0 0 14695 1 1 1 0 0 0 0 1 1 0 0 0 0 X 13 12 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NC X Joseph Dolan 3367164445 Medical Center Blvd WinstonSalem NC 27157 Stephen L Robertson Chair & director 4.00 4.00 X X 0 0 0 Arthur A Gibel Director 4.00 2.00 X 0 0 0 A LEE HERRING Director 4.00 2.00 X 0 0 0 George D Renfro Director 4.00 2.00 X 0 0 0 William C Warden Jr Director 4.00 2.00 X 0 0 0 Sheree B Watson Director 4.00 4.00 X 0 0 0 Donna A Boswell PhD Director 4.00 17.00 X 0 0 0 Donald E Flow Vice Chair & director 4.00 9.00 X X 0 0 0 Nathan O Hatch PhD Director 5.80 34.20 X 0 1023612 662475 James R Helvey III Director 4.00 8.60 X 0 0 0 james j marino director 4.00 6.00 X 0 0 0 Andrew J Schindler Director 4.00 7.60 X 0 0 0 John H McConnell MD Director (ex-off) & CEO (to 4-26-17) 5.00 35.00 X X 0 2031055 266426 Julie A Freischlag MD Director (ex-off) & CEO (eff 4-27-17) 5.00 35.00 X X 0 0 0 Kevin P High MD EVP, Health System Affairs 5.00 35.00 X 0 817847 186831 Edward Abraham MD Dean, School of Med 5.00 35.00 X 0 934669 179169 Eric Tomlinson DCs PhD President, WFIQ 5.00 35.00 X 0 799427 111994 Chad A Eckes EVP Crp Svc, CFO, Asst Trs (to 6-11-17) 5.00 35.00 X 984048 0 231334 Terry G Williams EVP, Chief Strategy Officer 5.00 35.00 X 725787 0 170369 ROBERT GFELLER VP, External Relations & Chief Mktg Offi 5.00 35.00 X 582269 0 144136 Lilicia Bailey VP, Chief Human Resources (eff 8-23-16) 5.00 35.00 X 169508 0 24137 Steve Bloom VP, Chief Human Resources (to 8-22-16) 5.00 35.00 X 0 0 0 Deette M Emon VP, CIO 5.00 35.00 X 515506 0 108015 Norman B Potter Jr to 2-28-17 VP, Development 5.00 35.00 X 0 426485 101230 Karen H Huey VP, Facilities 5.00 35.00 X 369171 0 88059 J Mclain wallace Jr VP, Gen Counsel & Sec 5.00 35.00 X 583744 0 151020 J Reid Morgan Assistant Secretary 6.00 34.00 X 0 560584 142553 Bradley A Clark Treasurer 5.00 35.00 X 355369 0 77288 Michael T Waid Sr. VP Hlth sys ops 40.00 0.00 X 490192 0 121840 Cathleen Wheatley VP clinical op, chief nurs 40.00 0.00 X 523022 0 110457 Dan Squires Dir Fin Affilates - Op Finance 40.00 0.00 X 486191 0 30891 Conrad Emmerich Sr. VP Business Svc, Exec VP Hlth Sys Aff 40.00 0.00 X 426433 0 100951 Victoria Russell VP Clinical op, Ex Adm Dir 40.00 0.00 X 534378 0 37176 Cheryl E H Locke Former Officer 5.00 35.00 X 535148 0 101973 Lisa M Wyatt Former Officer 0.00 0.00 X 0 104500 122 Joanne C Ruhland Former Officer 5.00 35.00 X 320824 0 85064 K Barbara Carbone MD Former Officer 0.00 0.00 X 0 395567 122 Russell M Howerton MD Former Officer 0.00 40.00 X 0 698389 177305 7601590 7792135 3410937 720 1 1 0 0 1017776 15000 1017776 Net Patient Service 621990 141957380 141957380 141957380 585639 -178665 764304 1472273 1485674 -13401 -13401 -13401 70034 320151 -70034 -320151 -390185 -390185 7800 4340 3460 3460 143160669 141957380 -178665 364178 95150 95150 78212473 77485228 727245 923068 914485 8583 12366383 12182481 183902 2671810 2646967 24843 130820 65410 65410 12305149 8581856 3723293 302738 302738 1923870 1545584 378286 3016911 2228905 788006 1516845 1230684 286161 262779 237749 25030 205489 171190 34299 3770786 3707250 63536 2815197 2051799 763398 580553 476053 104500 Clinical Supplies 15310599 15310599 0 Equipment Rental & Main 15246687 13861624 1385063 Bad Debt 4955588 4955588 0 Unrelated Business Inco 3810 0 3810 156616705 148051340 8565365 0 6409274 8559246 60276683 148937618 4206173 1287507 17276550 20452078 792931 0 560159 0 902079 21188527 44731500 10414156 39792904 34317344 112217879 109889779 15952372 15952372 1141511 27542237 259528515 388126708 26570570 89568021 54000000 196580056 50452856 3068433 131023426 289216510 X 122672996 95969032 5832093 2941166 128505089 98910198 259528515 388126708 X -13456036 -7862 -16130993 X 0 1 X 1 0 X X 3 Wake Forest Univ Health Sciences 223849199 2 1 0 0 North Carolina Baptist Hospital 560552787 3 1 0 0 Wake Forest University 560532138 2 1 0 0 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5644605 5644605 32622763 7367214 25255549 2329617 1837730 491887 3396405 1057832 2338573 738110 151380 586730 34317344 Investment in LMC 83711581 C Investment in NWCCN 5411057 C UNCONSOLIDATED EQUITY INVESTMENTS 7279853 C Investment in FHI 264625 C Investment in CHC, LLC 7138263 C Investment in CHESS, LLC 6084400 C 109889779 Intercompany due to/due from 27542237 27542237 Capital Lease Payable 2537358 Deferred Compensation 128333 IBNR Reserve 402742 3068433 X Part X, Line 2: THE ORGANIZATION HAS EVALUATED UNCERTAIN TAX POSITIONS FOR ITS FISCAL YEARS ENDED JUNE 30, 2017 AND 2016, INCLUDING A QUANTIFICATION OF TAX RISK IN AREAS SUCH AS UNRELATED BUSINESS TAXABLE INCOME AND THE TAXATION OF ITS JOINT VENTURES. THIS EVALUATION DID NOT HAVE A MATERIAL EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS FOR THE YEARS ENDED JUNE 30, 2017 AND 2016. 1 UNITED WAY OF FORSYTH COUNTY 301 n mAIN STREET WINSTON SALEM NC 27101 237357234 501(C)(3) 7300 COMMUNITY SUPPORT United Way of Greater High Point 201 Church avenue high point NC 27262 560547486 501(C)(3) 87500 COMMUNITY SUPPORT 2 0 Part I, Line 2: WFUBMC FOLLOWS THE MEDICAL CENTER'S CORPORATE POLICY USED IN REVIEWING THE ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING FUNDS. THE ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY, SELECTION CRITERIA AND DISBURSEMENT OF THESE FUNDS. X X X X X X 1 1 0 0 0 0 0 1 0 Nathan O Hatch PhD Director 0 862932 0 90000 0 70680 0 598507 0 63968 0 1686087 0 0 John H McConnell MD Director (ex-off) & CEO (to 4-26-17) 0 1026651 0 434548 0 569856 0 247313 0 19113 0 2297481 0 0 Kevin P High MD EVP, Health System Affairs 0 585172 0 211063 0 21612 0 165135 0 21696 0 1004678 0 0 Edward Abraham MD Dean, School of Med 0 581304 0 205821 0 147544 0 161945 0 17224 0 1113838 0 124000 Eric Tomlinson DCs PhD President, WFIQ 0 404785 0 130952 0 263690 0 99845 0 12149 0 911421 0 235022 Chad A Eckes EVP Crp Svc, CFO, Asst Trs (to 6-11- 698706 0 284502 0 840 0 209328 0 22006 0 1215382 0 0 0 Terry G Williams EVP, Chief Strategy Officer 530336 0 194191 0 1260 0 147243 0 23126 0 896156 0 0 0 ROBERT GFELLER VP, External Relations & Chief Mktg 458293 0 120364 0 3612 0 123294 0 20842 0 726405 0 0 0 Lilicia Bailey VP, Chief Human Resources (eff 8-23- 138204 0 0 0 31304 0 18520 0 5617 0 193645 0 0 0 Deette M Emon VP, CIO 401349 0 113392 0 765 0 98679 0 9336 0 623521 0 0 0 Norman B Potter Jr to 2-28-17 VP, Development 0 313307 0 94021 0 19157 0 78567 0 22663 0 527715 0 0 Karen H Huey VP, Facilities 287382 0 80814 0 975 0 67859 0 20200 0 457230 0 0 0 J Mclain wallace Jr VP, Gen Counsel & Sec 439903 0 123909 0 19932 0 132622 0 18398 0 734764 0 0 0 J Reid Morgan Assistant Secretary 0 459486 0 40000 0 61098 0 64000 0 78553 0 703137 0 0 Bradley A Clark Treasurer 272946 0 81871 0 552 0 58504 0 18784 0 432657 0 0 0 Michael T Waid Sr. VP Hlth sys ops 358207 0 112812 0 19173 0 100141 0 21699 0 612032 0 0 0 Cathleen Wheatley VP clinical op, chief nurs 411669 0 107741 0 3612 0 100708 0 9749 0 633479 0 0 0 Dan Squires Dir Fin Affilates - Op Finance 169964 0 14384 0 301843 0 15070 0 15821 0 517082 0 0 0 Conrad Emmerich Sr. VP Business Svc, Exec VP Hlth Sy 326955 0 98810 0 668 0 82046 0 18905 0 527384 0 0 0 Victoria Russell VP Clinical op, Ex Adm Dir 304189 0 83819 0 146370 0 29149 0 8027 0 571554 0 0 0 Cheryl E H Locke Former Officer 354716 0 96131 0 84301 0 84065 0 17908 0 637121 0 61120 0 Lisa M Wyatt Former Officer 0 0 0 0 0 104500 0 0 0 122 0 104622 0 0 Joanne C Ruhland Former Officer 266981 0 0 0 53843 0 67295 0 17769 0 405888 0 31600 0 K Barbara Carbone MD Former Officer 0 0 0 0 0 395567 0 0 0 122 0 395689 0 0 Russell M Howerton MD Former Officer 0 520490 0 156287 0 21612 0 154739 0 22566 0 875694 0 0 Part I, Line 3 The Governance and Compensation committee of the WFUBMC Board of Directors is responsible for reviewing and approving all medical center officers' compensation (including the compensation of most of the officers of the filing organization). The committee utilizes an independent, external compensation consultant firm experienced in health care and higher education compensation that based recommendations on compensation surveys and studies to determine the appropriateness of each officer's compensation. These compensation consultants present total compensation comparability data for the positions for which compensation is being determined. The data is reviewed by the Governance and Compensation Committee of WFUBMC's governing board at its meeting; none of the members of that committee are employees of the filing organization. Minutes of the deliberations of the committee are contemporaneously recorded. In the event that any member of the Governance and Compensation committee has a conflict of interest, that committee member does not participate in the deliberation or approval process, and their abstention from the process is reflected in the minutes. Part I, Lines 4a-b CERTAIN EXECUTIVES PARTICIPATE IN OR RECEIVE SEVERANCE PAYMENTS AND PAYMENTS FROM SUPPLEMENTAL NON QUALIFIED RETIREMENT PLANS. THE DETERMINATION OF THE AMOUNT OF THE NON QUALIFIED RETIREMENT PLANS FOLLOWED THE FILING ORGANIZATION'S COMPENSATION PROCEDURES AS OUTLINED IN PART VI, SECTION B, LINE 15 OF THE Form 990. THE FOLLOWING current/FORMER Directors, OFFICERS, and highly compensated employees RECEIVED SEVERANCE AND SERP PAYMENTS IN their calendar year 2016 compensation: Name Severance SERP John D. McConnell, MD -0- 546,312 Barbara Carbone 395,567 -0- Joanne Ruhland -0- 31,600 Lisa Wyatt 104,500 -0- Cheryl Locke -0- 61,120 Edward Abraham -0- 124,000 Name Severance SERP Eric Tomlinson -0- 235,022 Victoria Russell 146,548 145,000 Dan Squires -0- 301,188 The compensation of Dr. Nathan O. Hatch includes a deferred benefit of $300,000. Part I, Line 7 CERTAIN OFFICERS, KEY EMPLOYEES AND FACULTY MEMBERS HAVE INCENTIVE COMPENSATION COMPONENTS CONTAINED IN THEIR EMPLOYMENT AGREEMENTS and through medical center policies. THESE ARE OFTEN GOAL-BASED AND ARE DETERMINED IN THE COURSE OF EVALUATION OF THE INDIVIDUAL'S PERFORMANCE BY HIS/HER DEPARTMENT CHAIR, SUPERVISOR OR THE COMPENSATION COMMITTEE OF THE BOARD, AS APPLICABLE. X 1 5000 FMV X 1 10000 FMV 0 0 1 0 Part I, Column (b): The organization determines the number of contributions by using the total number of non-cash items received per donor per occurrence. Form 990, Part VI, Section A, line 2 Chad Eckes and Terry Williams, both officers of the organization, were Board members of MedCost Benefit Services. Form 990, Part VI, Section A, line 3 During calendar year 2016, Wake Forest University Health Sciences, a related organization, paid $193,077 to Foundation Work, Inc. for services provided by Steven C. Bloom as Wake Forest Baptist Medical Center's interim chief human resources officer and as vice president and chief human resources officer for the period May 2016 to August 2016. Form 990, Part VI, Section A, line 6 The organization's two members are North Carolina Baptist Hospital and Wake Forest University. Form 990, Part VI, Section A, line 7a Half of the Board is elected by North Carolina Baptist Hospital from its Board members. The other half is elected by Wake Forest University from the Wake Forest University Health Sciences Board members. Form 990, Part VI, Section A, line 7b The organization will carry out the functions and purposes stated in the medical Center Integration Agreement ("MCIA"), subject to the reserve powers or approval of the Members on select issues, including day to day management, strategic direction, managed care contracting and other business activities. Form 990, Part VI, Section B, line 11b THE FILING ORGANIZATION's BOARD OF DIRECTORS RECEIVE a COPY OF THE FORM 990 WITH SUFFICIENT TIME TO PERMIT REVIEW, COMMENT, AND Pose QUESTIONS PRIOR TO ITS FILING. THE AUDIT AND COMPLIANCE COMMITTEE OF THE GOVERNING BOARD of WFUBMC, comprised of the audit and compliance committees OF WFUHS AND NCBH, REVIEW IN ADDITIONAL DETAIL THE FILING ORGANIZATION's FORM 990 WITH THE ORGANIZATION's CHIEF FINANCIAL OFFICER OR HIS DESIGNEE, WHO ANSWERS QUESTIONS AND ADDRESSES CONCERNS RAISED BY SUCH COMMITTEE MEMBERS OR OTHER FILING ORGANIZATION DIRECTORS. IF MODIFICATIONS ARE REQUIRED FOLLOWING SUCH REVIEW AND COMMENT, THE REVISED FORM 990 IS REDISTRIBUTED TO ALL board members PRIOR TO ITS FILING WITH THE IRS, ALONG WITH A REPORT NOTING THE MODIFICATIONS. Form 990, Part VI, Section B, line 12c The organization requires its officers, directors and key employees to annually review the conflict of interest policy and determine any potential conflicts of interest. Any potential conflicts noted in the questionnaire are reviewed by a standing committee for appropriate resolution. All members of the Board of Directors are required to determine and report annually, and as they arise, any potential conflicts of interest to the Secretary of the Board of Directors. The resolution of potential and actual conflicts is subject to the approval of the Chair of the Board. Form 990, Part VI, Section B, line 15 THE GOVERNANCE AND COMPENSATION COMMITTEE of the filing organization FUNCTIONS AS THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, and REVIEWS AND APPROVES THE APPOINTMENT AND COMPENSATION OF THE SENIOR EXECUTIVES OF THE FILING ORGANIZATION. NO MEMBER OF THE WFUBMC GOVERNANCE AND COMPENSATION COMMITTEE IS AN EMPLOYEE OF THE MEDICAL CENTER. THE GOVERNANCE AND COMPENSATION COMMITTEE RELIES UPON AN EXTERNAL, INDEPENDENT COMPENSATION CONSULTANT EXPERIENCED IN HEALTHCARE TO PROVIDE THE COMMITTEE WITH COMPENSATION COMPARABILITY DATA FOR NEW EXECUTIVE POSITION APPOINTMENTS AND FOR COMPENSATION REVIEWS FOR EXISTING EXECUTIVES. THE CONSULTANT, WHICH IS RETAINED DIRECTLY BY THE GOVERNANCE AND COMPENSATION COMMITTEE, PROVIDES THIRD-PARTY INFORMATION AND EVALUATES THE COMPETITIVENESS AND REASONABLENESS OF EXECUTIVE COMPENSATION AND BENEFITS PROGRAMS IN RELATION TO MARKET PRACTICES FOR SIMILARLY-SITUATED NONPROFIT HEALTHCARE ORGANIZATIONS. THE COMMITTEE MAKES ITS DECISIONS WITH RESPECT TO EXECUTIVE COMPENSATION IN ACCORDANCE WITH THE FILING ORGANIZATION'S POLICIES, IRS REGULATIONS, AND STANDARD CORPORATE GOVERNANCE PRACTICES. SUCH POLICIES INCLUDE ADHERENCE TO: BOARD-ESTABLISHED EXECUTIVE COMPENSATION PHILOSOPHY AND REVIEW PROCESSES; PROCESSES ENSURING GOVERNANCE AND COMPENSATION COMMITTEE MEMBER AND COMPENSATION CONSULTANT INDEPENDENCE; USE OF VALID MARKET COMPARISONS OF DATA FROM PEER ACADEMIC MEDICAL CENTERS OF SIMILAR ORGANIZATIONs of similar STRUCTURE, SIZE, AND COMPLEXITY; CAREFUL DOCUMENTATION OF ALL COMPENSATION DECISIONS; AND ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS, PER IRS GUIDELINES. MINUTES OF THE DELIBERATIONS OF THE GOVERNANCE AND COMPENSATION COMMITTEE ARE CONTEMPORANEOUSLY MAINTAINED AND THAT COMPARABILITY DATA IS MAINTAINED IN THE MEDICAL CENTER'S OFFICE OF EXECUTIVE COMPENSATION SERVICES. IN THE EVENT THAT A MEMBER OF THE GOVERNANCE AND COMPENSATION COMMITTEE HAS A CONFLICT OF INTEREST RELATED TO EXECUTIVE APPOINTMENT OR COMPENSATION, THAT MEMBER DOES NOT PARTICIPATE IN THE DELIBERATION OR APPROVAL OF APPOINTMENT OR COMPENSATION AND SUCH ABSTENTION IS NOTED IN THE COMMITTEE'S MEETING MINUTES. Form 990, Part VI, Section C, line 19 The organization's Articles of Incorporation are available to the public on request and are available on the website of the North Carolina Secretary of State. The organization's bylaws are not published, but provisions from the bylaws are included as necessary in the organization's policies, and are attached to the Form 1023 filed for the organization with the IRS, which is publicly available. The conflict of interest policy and financial statements are not available to the public. Form 990, Part XI, line 9: Equity Method - Affiliates -8,020,779. Interco Transfer & Other -8,110,214. Cornerstone Health Care LLC 1701 Westchester Drive Ste 850 High Point NC 27262 561935767 Medical Services NC -18760727 39798483 Wake Forest University Baptist Medical Center Wake Forest Healthcare Ventures LLC Medical Center Boulevard Winston Salem NC 27157 Information Services NC 0 0 Wake Forest University Baptist Medical Center North Carolina Baptist Hospital Medical Center Blvd WinstonSalem NC 27157 560552787 Healthcare NC 501(c)(3) Line 3 N/A 0 Wake Forest University Health Sciences Medical Center Blvd WinstonSalem NC 27157 223849199 Healthcare Education and Research NC 501(c)(3) Line 2 Wake Forest University 0 Wake Forest University PO Box 7201 WinstonSalem NC 27109 560532138 University NC 501(c)(3) Line 2 N/A 0 Lexington Medical Center 250 Hospital Drive Lexington NC 27293 560543238 Healthcare NC 501(c)(3) Line 3 Wake Forest UnivBaptist Med Center 1 Lexington Medical Center Foundation 250 Hospital Drive Lexington NC 27293 581876553 healthcare NC 501(c)(3) Line 12a, I Lexington Medical Center 1 Northwest Community Care Network 2000 West 1st Street WinstonSalem NC 27104 020774853 Healthcare NC 501(c)(3) Line 7 Wake Forest UnivBaptist Med Center 1 FaithHealth Innovations Inc Medical Center Blvd WinstonSalem NC 27157 237426944 Healthcare NC 501(c)(3) Line 10 Wake Forest UnivBaptist Med Center 1 Davie Medical Center 329 NC Hwy 801N Bermuda Run NC 27006 562276994 Healthcare NC 501(c)(3) Line 3 Wake Forest UnivBaptist Med Center 1 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 Lexington Medical Center Q 26366917 Cost Davie Medical Center Q 9615948 Cost Northwest Community Care Network Q 6315178 Cost