2024-11-25T14:42:52-06:00 2023-12-31 990 2023-01-01 581728803 NOVANT MEDICAL GROUP INC NOVA 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 ALICE POPE EVP & CFO 3367182003 2024-11-14 1 2023 2024-10-15 13:58:12Z NOVANT HEALTH MEDICAL GROUP CARL ARMATO 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 1254263586 0 X WWW.NOVANTHEALTH.ORG X 1987 NC SEE SCHEDULE O 6 5 8628 7 862837 0 2210174 1010693 1132046297 1248440114 719562 461006 4144707 4103956 1139120740 1254015769 87015 174715 0 0 1001049336 1073738499 0 0 0 292522904 345110561 1293659255 1419023775 -154538515 -165008006 411516583 463714205 1809457636 2096695733 -1397941053 -1632981528 X SEE SCHEDULE O 0 0 1290694676 174715 1250212013 NOVANT MEDICAL GROUP OFFERS VARIOUS PHYSICIAN SERVICES TO THE COMMUNITY AT MULTIPLE LOCATIONS. NOVANT MEDICAL GROUP PROVIDED 4,850,149 PATIENT ENCOUNTERS DURING 2023. THE ORGANIZATION'S OPERATIONS SERVE THE COMMUNITY BY PROVIDING ACCESS TO MUCH NEEDED HEALTHCARE SERVICES REGARDLESS OF THE PATIENTS' ABILITY TO PAY. 1290694676 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 1 0 0 8628 1 1 1 0 0 0 0 0 0 0 0 0 1 0 X 6 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X WENDI STOCKSTILL 3362772411 2085 FRONTIS PLAZA BLVD WINSTON SALEM NC 27103 X CARL ARMATO TRUSTEE (FR 1/1/23), PRES/CEO NH 0.20 50.00 X 0 5820530 1206191 DANIEL MURPHY MD CHAIR 0.20 0.20 X X 0 0 0 DANIELLE SQUIRES TRUSTEE 0.20 0.20 X 0 0 0 DOUGLAS YOUNG PHD SECR/TREAS (TO 12/31/23) 0.20 0.20 X X 0 0 0 JOSEPH ELY VICE CHAIR 0.20 0.20 X X 0 0 0 PAMELA OLIVER MD TRUSTEE, EVP, PRES PHYS NTWRK 0.20 50.00 X X 0 1687459 231967 ROBERT BARR MD TRUSTEE 0.20 0.20 X 0 0 0 FRED HARGETT EVP/CFO (TO 9/6/23) 0.20 50.00 X 0 2400670 50705 GEOFFREY GARDNER CFO (FR 9/6/23) 0.20 50.00 X 0 909106 128749 JOHN HOWARD SVP, COO PHYS NTWRK 50.00 0.00 X 1183912 0 45999 CHASE BENNETT MD NEUROSURGEON 45.00 0.00 X 1794539 0 56818 DEREK BERNSTEIN MD ORTHOPAEDIST 45.00 0.00 X 1794348 0 19270 HOWARD HOMESLEY JR MD ORTHOPAEDIST 45.00 0.00 X 2550319 0 56818 JAMES FRASER MD MPH ORTHOPAEDIST 45.00 0.00 X 1877335 0 62218 JOHN MARCEL MD ORTHOPAEDIST 45.00 0.00 X 1883302 0 32586 MARTY LAMBETH FMR KE (12/31/21) 50.00 0.00 X 675978 0 36314 11759733 10817765 1927635 2121 1 1 0 NOVANT HEALTH GOHEALTH URGENT CARE 5555 GLENRIDGE CONNECTOR SUITE 700 ATLANTA GA 30342 MANAGEMENT SERVICES 39000000 SPECTRUM MEDICAL GROUP PA 3001 LYNDHURST AVENUE WINSTON SALEM NC 27103 HEALTH SERVICES 7241492 RED VENTURES LLC 1101 RED VENTURES DRIVE FORT MILL SC 29707 MARKETING SERVICES 6977634 LABORATORY CORPORATION OF AMERICA HOLDIN PO BOX 12140 BURLINGTON NC 27216 LAB SERVICES 3414822 CONVERGEONE INC PO BOX 207480 DALLAS TX 75320 CONSULTING 3137261 78 894008 116685 1010693 NET PATIENT REVENUE 621111 1063109906 1063109906 PHYSICIAN SERVICES 621111 96632162 96632162 VALUE BASED INCENTIVE 900009 75665910 75665910 CARE COORDINATION FEES 900099 6410427 6410427 FLOAT POOL REVENUE 621111 3244770 3244770 3376939 3376939 1248440114 690783 690783 1375648 0 1375648 1375648 1375648 18040 247817 -229777 -229777 -229777 MISCELLANEOUS REVENUE 900099 1322065 1302552 19513 HEALTHCARE ADMINISTRATION SERVICE 561110 862837 862837 PRECEPTOR REVENUE 900099 468477 468477 74929 870 74059 2728308 1254015769 1250212013 862837 1930226 X 57980 57980 116735 116735 1229911 1229911 866310 866310 897348706 879401732 17946974 34352030 33664988 687042 91943344 90104478 1838866 47998198 47038234 959964 33000000 33000000 30602316 26715024 3887292 660062 640265 19797 13738828 7669419 6069409 2082971 2027433 55538 73747353 67849899 5897454 3069265 3010302 58963 575916 564398 11518 3334830 3334830 19577717 18424693 1153024 12349650 11796585 553065 CORPORATE SUPPORT 52477047 52477047 PHARMACEUTICALS 49127729 49127729 MEDICAL SUPPLIES 28159620 28159620 CONTRACT LABOR 9647163 9454220 192943 12960094 11536112 1423982 1419023775 1290694676 128329099 0 301447 4592386 101847253 148631389 7847898 8503463 42297 1056824 257238726 169228329 85490139 88010397 11921560 204065989 212919746 411516583 463714205 138030013 135329219 1671427623 1961366514 1809457636 2096695733 X -1397941053 -1632981528 -1397941053 -1632981528 411516583 463714205 X -165008006 -70032469 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 219 0 1 3335 3554 0 PART II-B, LINE 1: LINE 1A THERE IS LIMITED ENGAGEMENT OF THE BOARD. LINE 1B THERE IS MINIMAL TIME OF SENIOR LEADERS. LINE 1G THERE IS LIMITED CONTACT MADE BY SENIOR LEADERS DURING LOBBYING ACTIVITIES. LINE 1I DUES PAID TO CERTAIN ORGANIZATIONS WHICH INCLUDE A PORTION RELATED TO LOBBYING ACTIVITIES. 1295379 788179 507200 162308389 106617030 55691359 81859289 60017825 21841464 11775669 1805295 9970374 88010397 OTHER ASSETS 610416 RIGHT OF USE ASSETS 212309330 212919746 0 OTHER LIABILITIES 12337460 PATIENT REFUNDS 9117845 THIRD PARTY PAYMENT PAYABLE 9008987 DUE TO AFFILIATES 1705428421 OPERATING LEASE 225473801 1961366514 X PART X, LINE 2: PART X, LINE 2: LIABILITY UNDER FIN 48 (ASC 740) FOOTNOTE THE AUDIT FOR NOVANT HEALTH AND ITS AFFILIATES IS PREPARED ON A CONSOLIDATED BASIS. THE COMPANY IS REQUIRED TO EVALUATE UNCERTAIN TAX POSITIONS. THIS EVALUATION INCLUDES A QUANTIFICATION OF TAX RISK IN AREAS SUCH AS UNRELATED BUSINESS TAXABLE INCOME AND THE TAXATION OF OUR FOR-PROFIT SUBSIDIARIES. THIS EVALUATION DID NOT HAVE A MATERIAL EFFECT ON THE COMPANY'S CONSOLIDATED STATEMENTS OF OPERATIONS AND CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. 1 MARCH OF DIMES FOUNDATION 1275 MAMARONECK AVENUE WHITE PLAINS NY 10605 131846366 501(C)(3) 40400 0 COMMUNITY OUTREACH 1 0 PATIENT TRANSPORTATION 389 116735 FMV TRANSPORTATION FOR INDIGENT PATIENTS PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE FILING ORGANIZATION IS PART OF THE INTEGRATED HEALTHCARE SYSTEM OPERATED BY NOVANT HEALTH, INC. ("NOVANT HEALTH"), THE PARENT ORGANIZATION. NOVANT HEALTH'S BYLAWS AUTHORIZE IT TO ESTABLISH CERTAIN POLICIES FOR ALL OF ITS SUBSIDIARIES WITHIN THE SYSTEM. NOVANT HEALTH HAS ESTABLISHED A SYSTEM-WIDE CORPORATE POLICY WITH STANDARDIZED GUIDELINES THAT ARE TO BE USED IN REVIEWING THE ELIGIBILITY AND SELECTION OF GRANTEES RECEIVING CERTAIN EXEMPT PURPOSE FUNDS. THE FILING ORGANIZATION MAINTAINS DOCUMENTATION OF THE ELIGIBILITY AND SELECTION CRITERIA AND RECORDS OF THE AMOUNTS ARE MAINTAINED VIA THE GENERAL LEDGER. FUNDS ARE GENERALLY NOT TRACKED AFTER BEING GRANTED, AS THE ORIGINAL ELIGIBILITY AND SELECTION CRITERIA HAVE ALREADY BEEN MET. X X X X 1 1 1 1 0 0 0 0 0 0 0 CARL ARMATO TRUSTEE (FR 1/1/23), PRES/CEO NH 0 2316664 0 2052150 0 1451716 0 1169800 0 36391 0 7026721 0 0 HOWARD HOMESLEY JR MD ORTHOPAEDIST 1577813 0 947394 0 25112 0 19800 0 37018 0 2607137 0 0 0 FRED HARGETT EVP/CFO (TO 9/6/23) 0 886648 0 1074292 0 439730 0 19800 0 30905 0 2451375 0 0 JAMES FRASER MD MPH ORTHOPAEDIST 1394900 0 458150 0 24285 0 19800 0 42418 0 1939553 0 0 0 PAMELA OLIVER MD TRUSTEE, EVP, PRES PHYS NTWRK 0 803939 0 705890 0 177630 0 197000 0 34967 0 1919426 0 106800 JOHN MARCEL MD ORTHOPAEDIST 1253615 0 606923 0 22764 0 19800 0 12786 0 1915888 0 0 0 CHASE BENNETT MD NEUROSURGEON 1000471 0 793042 0 1026 0 19800 0 37018 0 1851357 0 0 0 DEREK BERNSTEIN MD ORTHOPAEDIST 1364670 0 406151 0 23527 0 6412 0 12858 0 1813618 0 0 0 JOHN HOWARD SVP, COO PHYS NTWRK 443140 0 546420 0 194352 0 19800 0 26199 0 1229911 0 45000 0 GEOFFREY GARDNER CFO (FR 9/6/23) 0 496309 0 343441 0 69356 0 98858 0 29891 0 1037855 0 25993 MARTY LAMBETH FMR KE (12/31/21) 366561 0 266865 0 42552 0 19800 0 16514 0 712292 0 0 0 PART I, LINE 1A PART I, LINE 1A: FRINGE OR EXPENSE EXPLANATION FIRST-CLASS OR CHARTER TRAVEL: FIRST-CLASS OR CHARTER TRAVEL IS NOT A COVERED TRAVEL EXPENSE FOR EXECUTIVES; THEY ARE LIMITED TO BUSINESS OR COACH CLASS FARES FOR COMMERCIAL FLIGHTS. HOWEVER, CHARTER TRAVEL IS AVAILABLE TO CERTAIN EXECUTIVES, BOARD MEMBERS, AND APPROVED BUSINESS PERSONNEL MEETING APPLICABLE POLICY CRITERIA. TRAVEL FOR COMPANIONS: COMPANIONS ARE ALLOWED ON CERTAIN CHARTER FLIGHTS PAID FOR BY THE ORGANIZATION. IN THAT CASE, THE VALUE OF THE COMPANION'S FLIGHT IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S TAXABLE INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. DISCRETIONARY SPENDING ACCOUNT: CERTAIN EXECUTIVES RECEIVE A DISCRETIONARY SPENDING ACCOUNT. THE DOLLAR AMOUNT IN THE ACCOUNT IS PRE-APPROVED BY THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD OF TRUSTEES. THE EXECUTIVE MAY DEFER THE AMOUNT TO A RETIREMENT ACCOUNT OR THE AMOUNT IS TREATED AS COMPENSATION AND IS SPREAD OUT OVER THE COURSE OF THE YEAR IN THE EXECUTIVE'S PAYCHECKS AS TAXABLE INCOME. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: WE PROVIDE TEMPORARY HOUSING ALLOWANCES IN CERTAIN EXECUTIVE RECRUITMENT AND RELOCATION PACKAGES. THE VALUE IS CALCULATED UNDER APPLICABLE TAX LAWS AND THAT AMOUNT IS INCLUDED IN THE EXECUTIVE'S INCOME AS PRESCRIBED BY THE APPLICABLE TAX LAWS. PART I, LINE 3 PART I, LINE 3: THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM AND RELIES UPON NOVANT HEALTH, INC., THE PARENT ORGANIZATION, TO USE THE PROCESS DESCRIBED IN PART VI, LINE 15A/15B OF THIS RETURN TO ESTABLISH COMPENSATION FOR CERTAIN EXECUTIVES. THIS PROCESS ADHERES TO THE REQUIREMENTS SET FORTH TO SECURE THE REBUTTABLE PRESUMPTION OF REASONABLENESS AND INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT AND DISINTERESTED MEMBERS OF A COMPENSATION COMMITTEE, CONSULTATION WITH INDEPENDENT COMPENSATION CONSULTANTS, THE UTILIZATION OF THIRD-PARTY COMPARABILITY DATA SUCH AS PUBLISHED COMPENSATION SURVEYS, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. PART I, LINES 4A-B PART I, LINES 4A-C: SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS SEVERANCE JOHN HOWARD $109,803 NONQUALIFIED GEOFFREY GARDNER $25,993 JOHN HOWARD $52,123 PAMELA OLIVER MD $126,079 EQUITY-BASED NONE PART I, LINE 4A - SEVERANCE PLAN: ELIGIBLE EXECUTIVES MAY RECEIVE SEVERANCE PAY THAT IS BASED ON ANNUAL COMPENSATION FOR A SPECIFIED PERIOD OF TIME. THE SEVERANCE PAY WOULD BE PAID ONLY IN THE EVENT OF CERTAIN TYPES OF EMPLOYMENT TERMINATION, AND IS FURTHER CONTINGENT ON THE SATISFACTION OF OTHER CONDITIONS SUCH AS COMPLIANCE WITH A NON-COMPETITION COVENANT. ANY CURRENT YEAR PAYMENTS HAVE BEEN INCLUDED IN THE COMPENSATION AMOUNTS REPORTED IN PART VII AND IN COLUMN (B)(III) OF SCHEDULE J. THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE NOVANT HEALTH BOARD REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SEVERANCE PLAN. PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS: THE SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ("SERP") IS INTENDED TO SUPPORT RETENTION OF KEY EXECUTIVES, AND TO OFFER COMPETITIVE TOTAL COMPENSATION. GENERALLY, ANNUAL CONTRIBUTIONS TO THE PLAN OR PAYMENTS TO PARTICIPANTS WILL BE BASED ON A PERCENTAGE OF THE PARTICIPANT'S BASE SALARY AS OF JANUARY 1ST OF THE PREVIOUS PLAN YEAR AND ARE REPORTED IN COLUMN (C) OF SCHEDULE J. PRIOR TO MAKING THE CONTRIBUTIONS OR PAYMENTS, THE NOVANT HEALTH COMPENSATION AND LEADERSHIP COMMITTEE ("COMMITTEE") WILL APPROVE THE AMOUNTS AS TO REASONABLENESS, WHEN COMBINED WITH ALL OTHER ANNUAL COMPENSATION. A 3 YEAR CLASS-YEAR VESTING PERIOD WILL APPLY UP TO AGE 62, WHEN ALL MONEY WOULD BE VESTED AND PAID OUT TO THE PARTICIPANT. OTHERWISE, VESTING WILL OCCUR ON JANUARY 1ST OF EACH YEAR FOR THE APPROPRIATE CLASS-YEAR VESTING PERIOD. THE COMMITTEE REVIEWS, APPROVES, AND OVERSEES ALL ASPECTS AND ALL ELEMENTS OF EXECUTIVE COMPENSATION AND BENEFITS, INCLUDING THE AMOUNTS AWARDED UNDER THIS SERP. CARLY SAULTERS FAMILY MEMBER OF CARL ARMATO, BOARD MEMBER 154018 COMPENSATION PAID BY THE FILING ORGANIZATION TO THE INTERESTED PERSON. 0 FORM 990, PI, LINE 1: ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES NOVANT HEALTH IS A NON-PROFIT INTEGRATED HEALTHCARE SYSTEM OF 15 MEDICAL CENTERS WITH MORE THAN 35,000 EMPLOYEES AND 1,800 PHYSICIANS IN OVER 800 LOCATIONS, AS WELL AS NUMEROUS OUTPATIENT SURGERY CENTERS, MEDICAL PLAZAS, REHABILITATION PROGRAMS, DIAGNOSTIC IMAGING CENTERS AND COMMUNITY HEALTH OUTREACH PROGRAMS. HEADQUARTERED IN WINSTON-SALEM, NORTH CAROLINA, NOVANT HEALTH'S TEAM MEMBERS AND PHYSICIAN PARTNERS CARE FOR PATIENTS AND COMMUNITIES IN NORTH CAROLINA, SOUTH CAROLINA AND GEORGIA. THE NOVANT HEALTH INTEGRATED HEALTHCARE SYSTEM OPERATES TO CARRY OUT ITS CHARITABLE MISSION OF IMPROVING THE HEALTH OF COMMUNITIES IT SERVES AND MAKING HEALTHCARE REMARKABLE FOR PATIENTS. NOVANT HEALTH ACCOMPLISHES THAT MISSION BY PROVIDING AND SUPPORTING EXCELLENT HEALTHCARE FACILITIES AND PHYSICIAN PRACTICES AND BY MAKING A COMMITMENT TO COMMUNITY OUTREACH/SERVICE THROUGH THE PROVISION OF COMMUNITY BENEFIT PROGRAMS. BY BRINGING TOGETHER WORLD-CLASS TECHNOLOGY AND CLINICIANS TO PROVIDE QUALITY CARE, NOVANT HEALTH IS COMMITTED TO CREATING A HEALTHCARE EXPERIENCE THAT IS SIMPLER, MORE CONVENIENT, AND MORE AFFORDABLE SO PATIENTS CAN FOCUS ON GETTING BETTER AND STAYING HEALTHY. IN 2023, NOVANT HEALTH PROVIDED NEARLY 7 MILLION PATIENT VISITS AND OVER $1.5 BILLION OF COMMUNITY BENEFIT EXPENDITURES SYSTEM-WIDE. IN ADDITION TO PROVIDING A HIGH QUALITY, COMPREHENSIVE CATALOG OF HEALTHCARE SERVICES, NOVANT HEALTH OFFERS A ROBUST PATIENT FINANCIAL ASSISTANCE PROGRAM, WORKING WITH ITS PATIENTS TO ASSIST WITH ESTABLISHING REASONABLE PAYMENT PLANS, DISCOUNTING PATIENT BILLS, AND PROVIDING FREE CARE FOR THOSE THAT QUALIFY UNDER ITS FINANCIAL ASSISTANCE POLICY. NOVANT MEDICAL GROUP, INC., DOING BUSINESS AS NOVANT HEALTH MEDICAL GROUP ("NHMG"), IS A PHYSICIAN-LED ORGANIZATION COMPRISED OF OVER 2,000 PHYSICIANS AND ADVANCED PRACTICE CLINICIANS AT MORE THAN 700 CLINIC LOCATIONS IN NORTH CAROLINA AND SOUTH CAROLINA. MEDICAL GROUP PHYSICIAN SPECIALISTS HAVE ADVANCED TRAINING IN AREAS SUCH AS CARDIOLOGY, OBSTETRICS AND GYNECOLOGY, ENDOCRINOLOGY, PEDIATRICS, NEUROLOGY, ORTHOPEDICS, OTOLARYNGOLOGY (I.E., EAR, NOSE AND THROAT DISORDERS) AND MANY MORE. NHMG LEADS THE COUNTRY IN FOCUS ON PATIENT SAFETY IN A MEDICAL GROUP SETTING. OTHER KEY ACCOMPLISHMENTS OF NHMG INCLUDE ANTIBIOTIC STEWARDSHIP, PATIENT SAFETY COACHES, PDSA CYCLES FOCUSED ON SAFETY, AND A GROWING ACKNOWLEDGMENT OF SAFETY IMPROVEMENT OPPORTUNITIES. NHMG FOLLOWS AN ARRAY OF QUALITY METRICS AND CONTINUES TO IMPROVE AND PERFORM WELL, WITH PARTICULAR PROGRESS BEING SEEN IN MANAGEMENT OF DIABETES, IMPROVEMENT IN HEALTH MAINTENANCE, AND ANNUAL HEALTH SCREENINGS. NHMG CONTINUES TO SEE GROWTH IN ITS DIGITAL EFFORTS BY EXPANDING MYCHART USERS FROM 2 MILLION TO 2.5 MILLION IN 2023. COMMUNITY OUTREACH COMMUNITY OUTREACH IS A CRITICAL COMPONENT TO THE MISSION OF NOVANT HEALTH. THE HEALTHCARE SYSTEM PROVIDES HUNDREDS OF PROGRAMS THAT SERVE PATIENTS, NEIGHBORS, AND SOME OF THE COMMUNITIES' MOST VULNERABLE CITIZENS. NOVANT ALSO PROVIDES FINANCIAL ASSISTANCE (I.E., CHARITY CARE) FOR ITS QUALIFIED UNINSURED PATIENTS, CATASTROPHIC SETTLEMENTS AND LONG-TERM PAYMENT PLANS TO MEDICALLY INDIGENT PATIENTS, SERVICES TO PATIENTS WITH MEDICARE, MEDICAID, AND OTHER GOVERNMENT MEDICAL PROGRAM COVERAGE (REIMBURSED AT LESS THAN COST), COMMUNITY HEALTH EDUCATION, SUPPORT GROUPS, SUBSIDIZED OUTREACH SERVICES, AND COMMUNITY EVENTS/SCREENINGS. IN ADDITION, NOVANT PARTICIPATES IN MEDICAL RESEARCH, AS WELL AS ACADEMIC HEALTH PROGRAMS AND PARTNERSHIPS WITH A DIVERSE GROUP OF ORGANIZATIONS TO PROVIDE OTHER COMMUNITY INITIATIVES. NOVANT HEALTH IS ALSO COMMITTED TO SUPPORTING THE COMMUNITIES IT SERVES THROUGH CHARITABLE CONTRIBUTIONS TO COMMUNITY-BASED PROGRAMS THAT IMPROVE HEALTH EQUITY AND UPWARD MOBILITY FOR THOSE WHO NEED IT MOST. TOWARD THAT GOAL, NOVANT INVESTS IN COMMUNITY-BASED PROGRAMS THAT ALIGN WITH ITS TWO INVESTMENT PRIORITIES OF DEVELOPING HEALTHY COMMUNITIES AND EXPANDING OPPORTUNITIES FOR HEALTHCARE EDUCATION. THE ANNUAL NOVANT HEALTH COMMUNITY IMPACT REPORT, AVAILABLE AT HTTPS://WWW.NOVANTHEALTH.ORG/ABOUT/COMMUNITY/COMMUNITY-HEALTH-NEEDS/, INCLUDES QUALITATIVE AND QUANTITATIVE INFORMATION REGARDING THE HEALTHCARE SYSTEM'S COMMUNITY BENEFIT EFFORTS AND ACHIEVEMENTS. FOR 2023, NOVANT HEALTH'S SYSTEM-WIDE COMMUNITY BENEFIT EXPENDITURES TOTALED APPROXIMATELY $1.61 BILLION, INCLUDING $225 MILLION OF FINANCIAL ASSISTANCE. NOTE: NUMERIC DATA IN THIS REPORT IS NOT BASED UPON FORM 990, SCHEDULE H INSTRUCTIONS, BUT RATHER IN ACCORDANCE WITH NORTH CAROLINA HEALTHCARE ASSOCIATION COMMUNITY BENEFIT REPORTING GUIDELINES. NHMG SUPPORTED THE COMMUNITY IN 2023 THROUGH COMMUNITY CLINICS, HEALTH EDUCATION INITIATIVES, COMMUNITY BUILDING ACTIVITIES, AND MORE. SOME SPECIFIC EXAMPLES OF HEALTHCARE OUTREACH PROVIDED TO VARIOUS COMMUNITIES SERVED BY THIS ORGANIZATION INCLUDE: - THE GREEN STREET CLINIC AND COMMUNITY CARE CLINIC IN WINSTON-SALEM, NC IS A FREE CLINIC SUPPORTED BY NHMG PHYSICIANS, ADVANCED PRACTICE CLINICIANS AND NURSES. NOVANT HEALTH FOUNDATION GRANTED FUNDS TO EXPAND BEHAVIORAL HEALTH SERVICES TO PATIENTS AT THIS CLINIC THROUGH TELEMEDICINE. - THE INTERGENERATIONAL CENTER FOR ARTS AND WELLNESS, LAUNCHED IN 2023, IS A SENIOR SERVICES INITIATIVE THAT HAS STRATEGICALLY BROUGHT MORE THAN 20 LOCAL NONPROFIT ORGANIZATIONS, INCLUDING NHMG, UNDER ONE ROOF TO OFFER HEALTH CARE SERVICES, FELLOWSHIP OPPORTUNITIES AND ARTS-BASED ACTIVITIES FOR PEOPLE OF ALL AGES IN FORSYTH COUNTY, NORTH CAROLINA. - NOVANT HEALTH PARTNERED TO OPEN TWO MICHAEL JORDAN FAMILY MEDICAL CLINICS IN CHARLOTTE, NORTH CAROLINA, BRINGING COMPREHENSIVE PRIMARY CARE TO MECKLENBURG COUNTY'S MOST VULNERABLE COMMUNITIES, INCLUDING BEHAVIORAL HEALTH AND SOCIAL SUPPORT SERVICES. TWO ADDITIONAL CLINICS ARE PLANNED FOR THE WILMINGTON AREA, THE FIRST ONE SCHEDULED TO OPEN IN 2024. - NOVANT HEALTH AND MOVEMENT MORTGAGE PARTNERED TO OPEN A PRIMARY CARE MEDICAL CARE CLINIC IN CHARLOTTE, NORTH CAROLINA. THE MOVEMENT FAMILY WELLNESS CENTER, POWERED BY NHMG PHYSICIANS AND STAFF, PROVIDES PREVENTIVE/PRIMARY CARE AND BEHAVIORAL HEALTH SERVICES. - NOVANT HEALTH PARTNERED WITH THE HOPE COMMUNITY CLINIC OF EAST CHARLOTTE TO OPERATE A CLINIC SERVING FAMILIES IN AT-RISK NEIGHBORHOODS IN CHARLOTTE, NORTH CAROLINA. NHMG PROVIDERS ARE AVAILABLE FOR APPOINTMENTS THREE DAYS A WEEK, OFFERING IMMUNIZATIONS, CHECKUPS AND OTHER CRUCIAL SERVICES. - BY OFFERING FREE HEALTH SCREENINGS, NHMG PHYSICIANS, NURSES AND ADVANCED PRACTICE CLINICIANS ARE EDUCATING MULTIPLE COMMUNITIES ABOUT PREDIABETES, DIABETES, HIGH BLOOD PRESSURE AND OBESITY. - NHMG TEAM MEMBERS SERVE AS TEAM PHYSICIANS AT LOCAL SCHOOLS, PARTICIPATE IN MISSION TRIPS TO AREAS WHERE MEDICAL CARE IS OFTEN NOT AVAILABLE, AND SERVE ON BOARDS AND COMMITTEES OF COMMUNITY HEALTH ORGANIZATIONS IN MULTIPLE COMMUNITIES SERVED. ACCREDITATION ALL NOVANT HEALTH MEDICAL GROUP CLINICS HAVE BEEN FULLY ACCREDITED BY THE JOINT COMMISSION, AN INDEPENDENT ORGANIZATION THAT EVALUATES A HEALTHCARE ORGANIZATION'S PERFORMANCE IN AREAS THAT MOST AFFECT PATIENT HEALTH AND SAFETY. FORM 990, PART III, LINE 1:OUR CAUSE (FKA MISSION, VISION AND VALUES) IN THE SPIRIT OF KEEPING OUR FOCUS ON PATIENT-CENTERED, EQUITABLE AND COMPASSIONATE CARE WHILE ENSURING OUR ORGANIZATION IS SUSTAINABLE FOR FUTURE GENERATIONS, WE HAVE RESTATED OUR MISSION, VISION AND VALUES AND ARE NOW GUIDED BY OUR CAUSE. OUR CAUSE WE CREATE A HEALTHIER FUTURE AND BRING REMARKABLE EXPERIENCES TO LIFE. DISCOVER WE CONSISTENTLY SEEK TO INNOVATE, COURAGEOUSLY TRANSFORM OURSELVES AND FIND NEW WAYS TO ADD VALUE FOR OUR PATIENTS, COMMUNITIES AND ONE ANOTHER. EMPOWER WE PROVIDE ONE ANOTHER, OUR PATIENTS, FAMILIES AND COMMUNITIES WITH THE RESOURCES AND ENVIRONMENT TO CREATE SHARED ACCOUNTABILITY AND ACTION. THRIVE WE DEMONSTRATE EQUITY, EMPATHY, SAFETY AND QUALITY TO HELP EACH OTHER, AND OUR COMMUNITIES GROW AND SUCCEED. TOGETHER WE WORK AS A TRUSTED TEAM WITH OUR UNIQUE PERSPECTIVES, LIFE EXPERIENCES AND EXPERTISE TO BRING REMARKABLE TO LIFE IN EVERY INTERACTION. WE ALL BELONG. FORM 990, PART VI, SECTION A, LINE 6 FORM 990, PART VI, SECTION A, LINE 6: CLASSES OF MEMBERS OR STOCKHOLDERS THE CORPORATION IS A NONPROFIT CORPORATION WITH MEMBERS (OR A MEMBER). NOVANT HEALTH, INC. (NHI) IS THE SOLE MEMBER OF NOVANT MEDICAL GROUP (NMG). ANYTHING CONTAINED IN THE BYLAWS TO THE CONTRARY, THE CORPORATE POWERS OF NMG AND THE AUTHORITY OF ITS TRUSTEES AND OFFICERS IS SUBJECT TO CONTROL OF NHI TO THE EXTENT SUCH CONTROL IS SPECIFICALLY DESIGNATED IN THE ARTICLES OF INCORPORATION AND BYLAWS OF NHI. FORM 990, PART VI, SECTION A, LINE 7A FORM 990, PART VI, SECTION A, LINE 7A: ELECTION OF MEMBERS AND THEIR RIGHTS THE BOARD OF NOVANT HEALTH, INC. APPOINTS THE NOVANT MEDICAL GROUP TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B FORM 990, PART VI, SECTION A, LINE 7B: DECISIONS SUBJECT TO APPROVAL OF MEMBERS THE BOARD OF NOVANT HEALTH, INC. APPROVES CHANGES TO THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD DELEGATES REVIEW OF THE FORM 990 TO NOVANT HEALTH'S BOARD OF TRUSTEES' AUDIT AND COMPLIANCE COMMITTEE ("THE COMMITTEE"), WHICH OVERSEES TAX MATTERS FOR ENTITIES IN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS THE REVIEW BODY FOR ALL OF THE FORM 990S FILED FOR TAX-EXEMPT ORGANIZATIONS WITHIN THE NOVANT HEALTH SYSTEM. THE COMMITTEE IS PROVIDED A COPY OF FORM 990 AND MEETS TO ADDRESS ANY QUESTIONS AND SIGNIFICANT DISCLOSURES WITHIN THE FORM 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, SECTION B, LINE 12C: MONITORING AND ENFORCEMENT OF COI THE ORGANIZATION'S TRUSTEE CONFLICT OF INTEREST POLICY APPLIES TO ALL TRUSTEES, PRINCIPAL OFFICERS OR MEMBERS OF A COMMITTEE WITH BOARD DELEGATED POWERS INCLUDING ANY APPLICABLE DISREGARDED ENTITIES. ALL TRUSTEES ARE SENT AN ANNUAL DISCLOSURE QUESTIONNAIRE. THE TRUSTEE ANNUAL DISCLOSURE QUESTIONNAIRES ARE REVIEWED BY THE COMPLIANCE AND TAX DEPARTMENTS. WITH RESPECT TO PARTICULAR TRANSACTIONS THAT COME BEFORE THE BOARD, THE CONFLICT OF INTEREST POLICY WOULD BE FOLLOWED. THE POTENTIAL CONFLICT OF INTEREST WOULD BE DISCLOSED BY THE BOARD MEMBER BEFORE A VOTE ON THE TRANSACTION AND THE REST OF THE BOARD WOULD DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. IF THE REST OF THE BOARD DETERMINED THAT A CONFLICT OF INTEREST EXISTED THEN THE BOARD MEMBER WITH THE CONFLICT OF INTEREST WOULD NOT PARTICIPATE IN THE DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, SECTION B, LINE 15A/15B: THE FILING ORGANIZATION IS AN INTEGRAL PART OF NOVANT HEALTH, AN INTEGRATED HEALTHCARE SYSTEM. INDEPENDENT AND DISINTERESTED BOARD MEMBERS OF THE PARENT ORGANIZATION, NOVANT HEALTH, INC. BOARD OF TRUSTEES (WHO COMPRISE THE COMPENSATION AND LEADERSHIP COMMITTEE OF THE BOARD), REVIEW, APPROVE, AND OVERSEE ALL ASPECTS OF COMPENSATION AND BENEFITS FOR CERTAIN LEADERS ("EXECUTIVES") SERVING AS OFFICERS, INCLUDING THE TOP MANAGEMENT & FINANCIAL OFFICIALS, OR KEY EMPLOYEES FOR NOVANT HEALTH ENTITIES. THE COMMITTEE WORKS WITH AN INDEPENDENT COMPENSATION CONSULTANT AND USES THIRD PARTY COMPARABILITY DATA FOR FUNCTIONALLY SIMILAR POSITIONS AT COMPARABLE ORGANIZATIONS TO ENSURE THAT TOTAL COMPENSATION AND BENEFITS FOR EACH EXECUTIVE IS REASONABLE. THE COMMITTEE REVIEWS AND APPROVES EXECUTIVE COMPENSATION AND BENEFITS ANNUALLY, CONSISTENT WITH THE WRITTEN EXECUTIVE COMPENSATION PHILOSOPHY OF NOVANT HEALTH, AND IN A MANNER THAT QUALIFIES FOR THE REBUTTABLE PRESUMPTION OF REASONABLENESS. FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: GOVERNING DOCUMENTS DISCLOSURE THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS CONTAINING ALL ORGANIZATIONS IN THE NOVANT HEALTH SYSTEM ARE POSTED TO THE NOVANT HEALTH WEBSITE. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION B: INDEPENDENT CONTRACTORS NOVANT HEALTH, INC, A RELATED ORGANIZATION, IS RESPONSIBLE FOR CERTAIN CORPORATE SUPPORT FUNCTIONS OF THE FILING ORGANIZATION, INCLUDING ACCOUNTS PAYABLE AND ISSUANCE OF FORMS 1099. INFORMATION REPORTED IN PART VII, SECTION B REPRESENTS EXPENSES PAID BY NOVANT HEALTH, INC. ON BEHALF OF THE FILING ORGANIZATION TO INDEPENDENT CONTRACTORS OVER $100,000. FORM 990, PART IX, LINE 6: COMPENSATION OF DISQUALIFIED PERSONS THE AMOUNTS REPORTED HERE INCLUDE AMOUNTS ATTRIBUTABLE TO DISQUALIFIED PERSONS (DQP) AS DEFINED IN THE INSTRUCTIONS, BUT NOW ALSO INCLUDES AMOUNTS ATTRIBUTABLE TO INDIVIDUALS THAT MAY NOT DEFINITIVELY BE CONSIDERED DQPS UNDER THE 4958 RULES. WE HAVE OPTED TO TAKE A MORE EXPANSIVE APPROACH AS TO WHO MAY BE CONSIDERED A DQP AND REPORT THEM HERE AS WELL. FORM 990, PART XI, LINE 9: CONTRIBUTIONS: -176,165. AFFILIATE TRANSFER: -70,052,495. LEASE ACCOUNTING ADJUSTMENTS: 196,191. 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