2016-05-12T15:06:24-05:00 2015-06-30 475153865 ROSEN SAPPERSTEIN & FRIEDLANDER LLC 300 RED BROOK BLVD SUITE 200 OWINGS MILLS MD 21117 990 2014-07-01 521103228 UNIVERSITY OF MARYLAND PHYSICIANS PA UNIV 6672141403 419 WEST REDWOOD STREET NO 660 BALTIMORE MD 21201 STEPHEN N DAVIS MBBS PRESIDENT 4103286222 2016-04-26 1 JACQUELINE M REARDON CPA P00242411 4105810800 2014 2016-08-17 19:52:53Z STEPHEN N DAVIS MBBS 419 W REDWOOD STREET SUITE 660 BALTIMORE MD 21201 38565646 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 MEMBERS OF THE FACULTY IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES (INCLUDING POST-GRADUATE STUDENTS) AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC AND, WITHOUT CHARGE, TO THE INDIGENT ON BEHALF OF THE SCHOOL OF MEDICINE. 5 0 123 0 0 0 0 0 38594969 38565615 23966 31 0 0 38618935 38565646 0 0 0 0 14699669 15334867 0 0 0 23772272 23193730 38471941 38528597 146994 37049 8667457 8521679 5572182 5389356 3095275 3132323 X UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY MEMBERS OF THE FACULTY IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES (INCLUDING POST-GRADUATE STUDENTS) AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC AND, WITHOUT CHARGE, TO THE INDIGENT ON BEHALF OF THE SCHOOL OF MEDICINE. 0 0 31149950 38565615 UNDER THE MEDICAL SERVICE PLAN OF THE UNIVERSITY OF MARYLAND, SCHOOL OF MEDICINE, MEDICAL SERVICES ARE RENDERED BY MEMBERS OF THE FACULTY IN CONNECTION WITH THEIR DUTIES TO PROVIDE CLINICAL INSTRUCTION FOR MEDICAL STUDENTS AND OTHER TRAINEES (INCLUDING POST-GRADUATE STUDENTS) AND TO DELIVER HEALTHCARE TO THE GENERAL PUBLIC AND, WITHOUT CHARGE, TO THE INDIGENT ON BEHALF OF THE SCHOOL OF MEDICINE. 31149950 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 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26 0 1 123 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 40.00 1.00 X X 309424 0 27706 MATHEW R WEIR MD DIRECTOR 40.00 X 0 0 3433 JEFFREY HASDAY MD DIRECTOR 40.00 X 35456 0 6122 JEAN-PIERRE RAUFMAN MD DIRECTOR 40.00 X 0 0 3884 SANJAY RAJAGOPALAN MBBS DIRECTOR 40.00 X 264565 0 24454 JEFFREY FINK MD DIRECTOR 40.00 X 0 0 2876 ROBERT REDFIELD MD VICE PRESIDENT 40.00 X 0 0 5273 PATRICK BREAULT SECRETARY/TREASURER 40.00 X 53559 0 6732 CARRIE WALLACE MD SECRETARY/TREASURER 40.00 X 0 0 0 AVELINO VERCELES MD PHYSICIAN 40.00 X 150390 0 13210 MARK VESELEY MD PHYSICIAN 40.00 X 121199 0 12115 REYEZ HAQUE MD PHYSICIAN 40.00 X 110750 0 8029 1045343 0 113834 5 0 1 0 UPPER CHESAPEAKE 520 UPPER CHESAPEAKE DRIVE STE 405 BEL AIR MD 21014 HEALTHCARE SERVICES 435000 OFFICE TEAM INC 12400 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 HEALTHCARE & ADMINISTRATIVE SERVICES 149601 BALTIMORE PULMONARY & CRITICAL CARE 821 N EUTAW STREET STE 407 BALTIMORE MD 21201 HEALTHCARE SERVICES 138930 HEART CENTER OF NORTHERN ANNE ARUNDEL CO 1417 MADISON PARK DRIVE GLEN BURNIE MD 21061 HEALTHCARE SERVICES 115133 MEDICAL STAFFING NETWORK PO BOX 840292 DALLAS TX 75284 HEALTHCARE SERVICES 104000 5 PATIENT SERVICE REVENUE 621110 38565615 38565615 38565615 31 31 38565646 38565615 0 31 691105 691105 10301947 7940474 2361473 808946 566262 242684 2783413 2560489 222924 749456 524619 224837 4057 2840 1217 28429 28429 2408316 1685821 722495 1766 1236 530 712052 712052 802174 561522 240652 1062951 744066 318885 4057 4057 3397989 3397989 220342 154240 66102 GENERAL AND ADMINISTRAT 6684205 6625000 59205 MALPRACTICE INSURANCE 3209845 3209845 DEPARTMENTAL DEVELOPMEN 1796515 1796515 BAD DEBT EXPENSE 1762700 1762700 1098332 687927 410405 38528597 31149950 7378647 0 2115127 1749600 3841856 4124205 11620 9959 2807164 2279745 525997 527419 2172857 2110496 8667457 8521679 3369896 3372247 119338 215224 2082948 1801885 5572182 5389356 X 3095275 3132323 3095275 3132323 8667457 8521679 X 37049 -1 X X 0 1 X 1 0 X 29596767 31216815 35301254 38594969 38565615 173275420 29596767 31216815 35301254 38594969 38565615 173275420 0 0 0 173275420 130 31 161 130 31 161 29596767 31216815 35301384 38594969 38565646 173275581 1.00000 1.00000 0.00000 X 772548 721327 51221 2034616 1558418 476198 527419 SECURITY DEPOSITS 17646 OTHER RECEIVABLES 2092850 2110496 MEDICAL SERVICES PLAN TRUST FUND 176818 MEDICAL SCHOOL ENRICHMENT FUND 599875 DEPARTMENTAL DEVELOPMENT FUND 820160 OTHER LIABILITIES 205032 1801885 X 38565646 0 38565646 0 38565646 38528597 0 38528597 0 38528597 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, 2015, 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 309424 0 0 0 0 0 22433 0 5273 0 337130 0 0 0 SANJAY RAJAGOPALAN MBBS DIRECTOR 264565 0 0 0 0 0 19181 0 5273 0 289019 0 0 0 AVELINO VERCELES MD PHYSICIAN 150390 0 0 0 0 0 10904 0 2306 0 163600 0 0 0 MARK VESELEY MD PHYSICIAN 121199 0 0 0 0 0 8787 0 3328 0 133314 0 0 0 REYEZ HAQUE MD PHYSICIAN 110750 0 0 0 0 0 8029 0 0 0 118779 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. 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 11 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 2012-2013 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 9: REDEMPTION OF COMMON STOCK -1. 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 9 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 18519000