2011-05-10T11:12:48-05:00 2010-06-30 990 2009-07-01 232266054 READING PROFESSIONAL SERVICES READ 6109888114 PO BOX 16052 READING PA 196126052 RICHARD W JONES 6109888114 2011-05-09 2011-05-10 2009 2016-02-24 21:20:13Z SCOTT R WOLFE SIXTH AVE SPRUCE ST WEST READING PA 19611 32941963 false X N/A X 1983 PA RPS IS A TAX-EXEMPT ENTITY WHICH WAS ESTABLISHED TO RECRUIT PHYSICIANS, PROVIDE PHYSICIAN BILLING AND ADMINISTRATIVE SERVICES FOR THE HOSPITAL, SUCH AS THE SUPERVISION OF MEDICAL STUDENTS COMPLETING THEIR RESIDENCY. DURING FISCAL 2010; 351,325 PROCEDUES WERE PERFORMED BY RPS PHYSICIANS. 9 7 294 7 32934269 -9259186 0 27267816 32934269 7694 0 27267816 32941963 0 0 32594940 36138675 0 0 7733477 11457258 40328417 47595933 -13060601 -14653970 3838959 5152552 10473615 6741178 -6634656 -1588626 RPS IS A TAX-EXEMPT ENTITY WHICH WAS ESTABLISHED TO RECRUIT PHYSICIANS, PROVIDE PHYSICIAN BILLING AND ADMINISTRATIVE SERVICES FOR THE HOSPITAL, SUCH AS THE SUPERVISION OF MEDICAL STUDENTS COMPLETING THEIR RESIDENCY. DURING FISCAL 2010; 351,325 PROCEDUES WERE PERFORMED BY RPS PHYSICIANS. false false 9075708 6043750 HOSPITALISTS - SPECIALIZED HEALTHCARE PROCEDURES PERFORMED DURING FY 2010 WERE 70,502. 3865133 4238970 TRAUMA SERVICES - SPECIALIZED HEALTHCARE PROCEDURES PERFORMED DURING FY 2010 WERE 13,372. 3493102 1834875 INTERVENTIONAL RADIOLOGY - SPECIALIZED HEALTHCARE SERVICES PERFORMED DURING FY 2010 WERE 16,994. 28096610 20816674 25 OTHER SPECIALIZED HEALTHCARE SERVICES PERFORMED 259,943 PROCEDURES IN FY 2010. 28096610 20816674 44530553 true false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 33 0 true 294 true true true false false false false false false false false 9 7 false false false false false true true true true false false true true true true true true false false false PA X RICHARD W JONES CFO 6109888114 PO BOX 16052 READING PA 196126052 X SCOTT R WOLFE 1.00 X X 0 1729645 44151 STEVEN I FINKEL 1.00 X X 0 688736 51331 P MICHAEL EHLERMAN 1.00 X 0 0 0 BRUCE BENGTSON 1.00 X 0 0 0 ROBERT GIBBLE 1.00 X 0 0 0 SIDNEY D KLINE 1.00 X 0 0 0 TERRENCE MCGLINN 1.00 X 0 0 0 MARLIN MILLER JR 1.00 X 0 0 0 C THOMAS WORK 1.00 X 0 0 0 RAM V CHAVALI 40.00 X 650329 0 21236 JAMES KU 40.00 X 646664 0 44116 MARK SCOTT 40.00 X 524411 0 46804 DAVID SACKS 40.00 X 524268 0 51553 ROBERT GUAY 40.00 X 523004 0 42206 CHARLES B SULLIVAN X 0 108050 0 2868676 2526431 301397 104 true true false PENN TRAUMA ASSOCIATES 3440 MARKET ST PHILADELPHIA PA 19104 MEDICAL SERVICE 1351654 CENTER FOR FAMILY GUIDANCE PC 765 ROUTE 70 EAST BUILDING A MARLTON NJ 08053 TELEMEDICAL SER 359083 PHILA COLLEGE OF OSTEOPATHIC MED 4190 CITY AVENUE PHILADELPHIA PA 19131 MEDICAL SERVICE 236458 ST CHRISTOPHER PEDIATRIC FRONT ST AT ERIE AVE PHILADELPHIA PA 19134 MEDICAL SERVICE 107347 4 NET PATIENT REVENUE 900099 32934269 32934269 32934269 7694 7694 32941963 32934269 7694 30766930 30766930 1188767 1156792 31975 2412976 2394615 18361 1770002 1770002 18989 18989 5000 5000 3190567 2771596 418971 1046157 1046157 212985 212985 98039 98039 2192922 2192922 CORPORATE ALLOCATION EXP 2567950 2567950 BAD DEBTS 834323 834323 SUPPLIES 618423 617468 955 REPAIRS/MAINTENANCE 407572 405186 2386 OTHER MISCELLANEOUS 116334 116334 147997 147204 793 47595933 44530553 3065380 0 75843 88953 3729116 4972431 34000 91168 3838959 5152552 5020050 5737035 1273 5452292 1004143 10473615 6741178 X -6634656 -1588626 -6634656 -1588626 3838959 5152552 X true true true X false X false false false false false false false false false false DUE TO AFFILIATES 1004143 1004143 LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X FIN 48 WAS ADOPTED AND NO ADJUSTMENTS TO READING PROFESSIONAL SERVICES' FINANCIAL STATEMENTS WERE REQUIRED AS A RESULT. X X X X X X false true false false false false false false false SCOTT R WOLFE 545929 85250 1098466 44151 1773796 STEVEN I FINKEL 352102 67000 269634 51331 740067 RAM V CHAVALI 650000 329 21236 671565 JAMES KU 609404 20000 17260 44116 690780 MARK SCOTT 518893 4228 1290 46804 571215 DAVID SACKS 519165 4228 875 51553 575821 ROBERT GUAY 518086 4228 690 42206 565210 CHARLES B SULLIVAN 108050 108050 SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SCHEDULE J, PAGE 1, PART I, LINE 4 SCOTT R. WOLFE 0 1,088,776 0 STEVEN I. FINKEL 0 260,544 0 ORGANIZATION'S MISSION FORM 990 - ORGANIZATION'S MISSION RPS IS A TAX-EXEMPT ENTITY WHICH WAS ESTABLISHED TO RECRUIT PHYSICIANS, PROVIDE PHYSICIAN BILLING AND ADMINISTRATIVE SERVICES FOR THE HOSPITAL, SUCH AS THE SUPERVISION OF MEDICAL STUDENTS COMPLETING THEIR RESIDENCY. DURING FISCAL 2010; 351,325 PROCEDUES WERE PERFORMED BY RPS PHYSICIANS. EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITS FORM 990, PAGE 1, PART I, LINE 6 ALL ARE UNCOMPENSATED MEMBERS OF THE BOARD OF DIRECTORS. ALL OTHER ACHIEVEMENTS DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D 25 OTHER SPECIALIZED HEALTHCARE SERVICES PERFORMED 259,943 PROCEDURES IN FY 2010. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERSHIP OF THE CORPORATION AT ANY GIVEN POINT IN TIME SHALL CONSIST OF THE PERSONS HOLDING THE FOLLOWING OFFICES AT THAT TIME: PRESIDENT OF THE READING HOSPITAL; VICE PRESIDENT/TREASURER OF THE READING HOSPITAL; AND THE MEMBERS OF THE EXECUTIVE COMPENSATION COMMITTEE OF THE READING HOSPITAL AND MEDICAL CENTER. THE EXECUTIVE COMPENSATION COMMITTE IS A STANDING COMMITTEE APPOINTED BY THE BOARD CHAIRMAN OF THE READING HOSPITAL & MEDICAL CENTER. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B FIVE MEMBERS SHALL CONSTITUTE A QUORUM AT ALL MEETINGS OF THE CORPORATION. ANY ACTION WHICH MAY BE TAKEN AT A MEETING OF THE MEMBERS OF THE CORPORATION MAY BE TAKEN WITHOUT A MEETING, IF A CONSENT IN WRITING, BY EACH MEMBER SETTING FORTH THE ACTION SO TAKEN SHALL BE SIGNED BY THE MEMBERS OF THE CORPORATION, AND SHALL BE FILED WITH THE SECRETARY OF THE CORPORATION. SUCH CONSENT MUST BE UNANIMOUS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11 THE FORM 990 IS POSTED ON A WEBSITE FOR BOARD MEMBERS. MEMBERS ARE ALERTED TO INFORMATION AND NOTICES. A COPY OF THE 990 IS MAILED TO ANY BOARD MEMBER UNABLE TO VIEW THIS SITE. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, LINE 12C IT SHALL BE THE POLICY OF THE HOSPITAL AND CORRESPONDENDLY RPS TO REQUIRE EACH BOARD MEMBER TO SUBMIT IN WRITING TO THE CHIEF EXECUTIVE OFFICER A LIST OF BUSINESS OR OTHER ORGANIZATIONS OF WHICH THE MEMBER OR MEMBER'S SPOUSE IS AN OFFICER, DIRECTOR, MEMBER EMPLOYEE OR OWNER (10% OR GREATER SHARE) WITH WHICH THE COMPANY MIGHT REASONABLY ENTER INTO A RELATIONSHIP OR A TRANSACTION IN WHICH THE BOARD MEMBER WOULD HAVE CONFLICTING INTERESTS. EACH YEAR A COPY OF THE WRITTEN STATEMENT WILL BE SENT TO THE BOARD MEMBER FOR UPDATING AND RESUBMISSION AND BY WHICH THE BOARD MEMBER SHALL CONFIRM HIS AWARENESS OF THIS POLICY. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. ADDITIONAL INFORMATION SCHEDULE O 990 PART IV, LINE 12 AND PART XI LINE 2B READING PROFESSIONAL SERVICES WAS PART OF A CONSOLIDATED FINANCIAL STATEMENT AUDIT OF THE READING HOSPITAL AND ITS CONTROLLED ENTITIES. PART VI, SECTION B, 15 A & 15B - READING PROFESSIONAL SERVICES DOES NOT COMPENSATE ANY OF ITS OFFICERS, DIRECTORS OR TRUSTEES. FOOTNOTE TO FORM 990 FOR FISCAL YEAR ENDED JUNE 30, 2010 SCHEDULE J, PART II (1) THE READING HOSPITAL PROVIDES CERTAIN SUPPLEMENTAL RETIREMENT BENEFITS TO ITS OFFICERS AND KEY EMPLOYEES. THESE BENEFITS ARE PROVIDED THROUGH A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER WHICH THE BENEFITS BEING EARNED ARE SUBJECT TO A "SUBSTANTIAL RISK OF FORFEITURE." THE SUPPLEMENTAL RETIREMENT BENEFITS ARE STRUCTURED TO PROVIDE A RETENTION INCENTIVE THAT HAS BEEN DETERMINED BY THE COMPENSATION COMMITTEE OF THE HOSPITAL'S BOARD TO BE OF SUBSTANTIAL VALUE TO THE HOSPITAL. ACCORDINGLY, TO BECOME ENTITLED TO THE BENEFITS PROVIDED, EACH COVERED EMPLOYEE MUST MEET SUBSTANTIAL REQUIREMENTS RELATING TO FUTURE EMPLOYMENT AND A TWO-YEAR NONCOMPETITION COVENANT THAT REQUIRES REPAYMENT OF THE ENTIRE RETIREMENT BENEFIT TO THE HOSPITAL FOLLOWING MOST FORMS OF EMPLOYMENT TERMINATION IF THE EMPLOYEE COMPETES WITH THE HOSPITAL. UNTIL THOSE REQUIREMENTS ARE SATISIFIED, AN EMPLOYEE IS NOT ENTITLED TO THESE AMOUNTS. FOR EXAMPLE, IF MR. WOLFE WERE TO HAVE TERMINATED EMPLOYMENT VOLUNTARILY IN THE YEAR TO WHICH THIS RETURN APPLIES, THE SUPPLEMENTAL RETIREMENT BENEFITS HE HAS EARNED WOULD NOT HAVE BEEN PAID OUT. IT SHOULD ALSO BE NOTED THAT THESE SUPPLEMENTAL RETIREMENT BENEFITS ARE PART OF A RETIREMENT PROGRAM THAT PROVIDES RETIREMENT INCOME FOR ALL YEARS OF SERVICE THAT THE EMPLOYEE PROVIDES TO THE HOSPITAL. ANY RETIREMENT BENEFITS SHOULD BE VIEWED AS APPLYING TO THE ENTIRE LENGTH OF THE EMPLOYEE'S SERVICE FOR THE HOSPITAL (FOR EXAMPLE, MR. SULLIVAN HAD 32 YEARS OF SERVICE, MR. WOLFE HAS HAD 18 YEARS OF SERVICE, AND MR. FINKLE HAS HAD 31 YEARS OF SERVICE, WITH THE HOSPITAL). THE COMPENSATION COMMITTEE APPROVES ALL RETIREMENT BENEFITS, TOGETHER WITH ALL OTHER FORMS OF COMPENSATION AND BENEFITS FOR THESE AND OTHER EXECUTIVES, IN A MANNER INTENDED TO QUALIFY FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS UNDER THE INTERMEDIATE SANCTIONS RULES OF FEDERAL INCOME TAX LAW. THE FOLLOWING LISTED INDIVIDUALS PARTICIPATED IN THE SUPPLEMENTAL PLAN IN 2009: CHARLES B. SULLIVAN, SCOTT R. WOLFE AND STEVEN I. FINKEL. THE AMOUNT OF ADDITIONAL BENEFIT EARNED, BUT NEITHER VESTED NOR PAID OUT, IS INCLUDED IN THE AMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (C), AND THE AMOUNT OF ADDITIONAL BENEFIT THAT BECAME TAXABLE DUE TO BECOMING VESTED IN 2009 (AND THAT WAS INCLUDED ON THE INDIVIDUAL'S FORM W-2 FOR 2009) IS INCLUDED IN THAMOUNTS REPORTED ON SCHEDULE J, PART II, COLUMN (B)III). 990 PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. 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