2024-08-13T08:33:48-05:00 2023-09-30 990 2022-10-01 010431680 MaineHealth Services MAIN 2076617001 110 Free Street Portland ME 04101 Albert G Swallow III CFO 2076617001 2024-08-05 1 2022 2024-08-08 14:25:15Z Andrew Mueller MD 110 Free Street Portland ME 04101 60539779 0 X www.mainehealth.org X 1987 ME MaineHealth Services will lead the development of the premier community care network that provides a broad range of integrated health care services in Maine and Northern New England. Through MaineHealth Services' affiliated organizations, the network will organize services along the full continuum of care necessary to improve the health status of the populations it serves in a cost effective manner. 23 14 0 0 0 0 300000 0 25079043 24713375 834800 -30894 2543326 1411917 28757169 26094398 0 0 0 0 0 0 0 0 0 25798897 13315625 25798897 13315625 2958272 12778773 339045135 292459755 395592438 343666814 -56547303 -51207059 X See Schedule O Disclosure for Part 1, Line 1 0 0 13315625 26125292 MaineHealth Services is the parent company of the largest healthcare system in Maine. The MaineHealth System (including MaineHealth) provides a full range of integrated healthcare services to patients in Maine and Northern New England with the goal of improving the health status of the populations it serves. To that end, MaineHealth Services led the MaineHealth System's efforts to implement a system wide shared electronic health record system (SeHR).Clinically, MaineHealth Services' investment in SeHR commenced in 2007 and is central to MaineHealth Services strategic plan. (Continued on Schedule O)(Continued from page 2 of 990, Line 4a) SeHR is an integrated suite of technology solutions to support healthcare delivery for the MaineHealth Services system, providers and the communities MaineHealth Services serves. Epic and Lawson solutions provide an integrated suite of software solutions for managing most clinical, business and financial processes. The integration of these solutions has enabled and will continue to enable caregivers and patients, regardless of the setting, to obtain a more comprehensive view of information to facilitate further improvements in the delivery of safe, effective, and efficient care and advance MaineHealth Services vision of "one patient, one record". Additional administrative services such as management of insurance programs occurs within MaineHealth Services. 13315625 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 23 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Albert G Swallow III 2076617001 110 Free Street Portland ME 04101 Ann Hooper Trustee 1.00 0.00 X 0 0 0 Brian H Noyes Trustee 1.00 0.00 X 0 0 0 Brett Loffredo MD Physician, MH 1.00 50.00 X 0 388300 78622 Clint Boothby Esq Trustee 1.00 0.00 X 0 0 0 Daniel Loiselle MD Trustee 1.00 0.00 X 0 0 0 David Kumaki MD FACP Physician, MH 1.00 50.00 X 0 295115 54757 Gregory Dufour Former Chairman 1.00 0.00 X X 0 0 0 George Isaacson Esq Former Chairman 1.00 0.00 X X 0 0 0 Jere G Michelson Trustee 1.00 0.00 X 0 0 0 Kate Herlihy MD MHP Physician, MH 1.00 50.00 X 0 303895 58315 Katherine B Coster Trustee 1.00 0.00 X 0 0 0 Lisa Beaule MD VP Physc & App Svcs - So. Reg., MH 1.00 50.00 X 0 570490 95127 Melissa Smith Trustee 1.00 0.00 X 0 0 0 Morris Fisher Chairman 1.00 0.00 X X 0 0 0 Marie J McCarthy Trustee 1.00 0.00 X 0 0 0 Nancy Hasenfus MD Trustee 1.00 0.00 X 0 0 0 Peter Manning MD Physician, MH 1.00 50.00 X 0 382199 48347 Susannah Swihart Trustee 1.00 0.00 X 0 0 0 George Ted Hissong Trustee 1.00 0.00 X 0 0 0 Thomas J Ryan Jr MD FACC Physician, MH 1.00 24.00 X 0 288804 90034 Sandy Morrell Rooney Trustee 1.00 0.00 X 0 0 0 Stuart H Watson Trustee 1.00 0.00 X 0 0 0 Linda Terry Trustee 1.00 0.00 X 0 0 0 Peter Wood Trustee 1.00 0.00 X 0 0 0 Matthew C Chin Trustee 1.00 0.00 X 0 0 0 Quincy Hentzel Trustee 1.00 0.00 X 0 0 0 Amanda Rand Trustee 1.00 0.00 X 0 0 0 Andrew Mueller MD Chief Executive Officer, MH 1.00 50.00 X 0 1792868 52043 Albert G Swallow III CFO, MH; Board Treasurer 1.00 50.00 X 0 1180593 119520 Beth Kelsch General Counsel, MH; Board Secretary 1.00 50.00 X 0 639734 93604 Michelle Bush Corp Counsel, MH; Bd Asst Secretary 1.00 50.00 X 0 191366 43148 Richard W Petersen Former President, MH 0.00 50.00 X 0 742958 7181 Robert Frank Former General Counsel, MH 1.00 20.00 X 0 234168 66500 Joan Boomsma MD Former Chief Medical Officer 0.00 0.00 X 0 603000 0 Mark Harris Frmr Officer/Chief Planning Officer 1.00 50.00 X 0 508238 106207 0 8121728 913405 0 1 1 0 0 SeHR Program Revenue 561000 24713375 24713375 24713375 538899 538899 33875588 34445381 -569793 -569793 -569793 Miscellaneous Revenue 561000 1411917 1411917 1411917 26094398 26125292 0 -30894 1629151 1629151 11686474 11686474 13315625 13315625 0 0 94974235 83502701 333607100 314884694 28701645 18722406 46871999 36099066 943897 22282 167553359 154113300 339045135 292459755 5152764 9134829 88753665 268601 68628601 50009166 4762006 3457852 228295402 280796366 395592438 343666814 X -56744674 -51257639 197371 50580 -56547303 -51207059 339045135 292459755 X 12778773 570357 -8008886 X 0 1 X 1 0 X X X 4 MaineHealth 010238552 3 1 0 0 MaineHealth Care at Home 222571902 10 1 0 0 NorDx 010511356 10 1 0 0 The Memorial Hospital 020222156 3 1 0 0 4 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 Part IV, Section E, Line 3a The organization as sole member of its supported organizations elects the trustees of each of its supported organizations. Part IV, Section E, Line 3b Decisions of the governing body such as budgets, business and marketing strategic plans, significant financial commmitments, amendments to the articles of incorporation, and election of the President/CEO among other decisions, are subject to approval by MaineHealth Services. 333607100 314884694 18722406 18722406 Other assets 6548087 457b plan asset 145999199 Other investments 1566014 154113300 Self insurance reserves 111802128 457b plan liability 145999199 Due to affiliates 20191270 Other liabilities 2803769 280796366 X Part X, Line 2: FIN 48 Footnote The Internal Revenue Service has previously determined that the System and its subsidiaries (except Maine Medical Partners (MMP) (a subsidiary of MaineHealth) are organizations as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and are exempt from federal income taxes on related income pursuant to Section 501(a) of the IRC. MMP had significant net operating loss carryovers as of September 30, 2023 and 2022. A valuation allowance has been provided for the entire deferred tax benefit for the net operating losses, due to uncertainty of realization. MMP did not have material taxable income in 2023 and 2022. Accordingly, a provision for income taxes has not been made in the accompanying consolidated financial statements. The System recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount of benefit that is greater than fifty percent likely to be realized upon settlement. Changes in measurement are reflected in the period in which the change in judgment occurs. The System did not recognize the effect of any income tax positions in either 2023 or 2022. 1 0 0 0 0 0 0 0 0 Andrew Mueller MD Chief Executive Officer, MH 0 1278238 0 442969 0 71661 0 12200 0 39843 0 1844911 0 0 Albert G Swallow III CFO, MH; Board Treasurer 0 681149 0 179108 0 320336 0 84894 0 34626 0 1300113 0 0 Richard W Petersen Former President, MH 0 0 0 459034 0 283924 0 6100 0 1081 0 750139 0 0 Beth Kelsch General Counsel, MH; Board Secretary 0 463480 0 84750 0 91504 0 55327 0 38277 0 733338 0 0 Lisa Beaule MD VP Physc & App Svcs - So. Reg., MH 0 534174 0 2000 0 34316 0 56547 0 38580 0 665617 0 0 Mark Harris Frmr Officer/Chief Planning Officer 0 280902 0 55755 0 171581 0 70776 0 35431 0 614445 0 0 Joan Boomsma MD Former Chief Medical Officer 0 0 0 0 0 603000 0 0 0 0 0 603000 0 0 Brett Loffredo MD Physician, MH 0 325978 0 27839 0 34483 0 47354 0 31268 0 466922 0 0 Peter Manning MD Physician, MH 0 350250 0 0 0 31949 0 10741 0 37606 0 430546 0 0 Thomas J Ryan Jr MD FACC Physician, MH 0 268440 0 0 0 20364 0 51907 0 38127 0 378838 0 0 Kate Herlihy MD MHP Physician, MH 0 214759 0 16997 0 72139 0 27450 0 30865 0 362210 0 0 David Kumaki MD FACP Physician, MH 0 229807 0 6697 0 58611 0 26659 0 28098 0 349872 0 0 Robert Frank Former General Counsel, MH 0 205252 0 0 0 28916 0 66500 0 0 0 300668 0 0 Michelle Bush Corp Counsel, MH; Bd Asst Secretary 0 180712 0 10000 0 654 0 10091 0 33057 0 234514 0 0 Part I, Line 4a Joan Boomsma, MD (Former Chief Medical Officer of MaineHealth) received severance payments totaling $603,000 during calendar year 2022 from MaineHealth. A Finance Authority of Maine 010392006 000000000 2014-09-18 94845570 Electronic health records system 0 0 0 B Finance Authority of Maine 010392006 000000000 2017-02-15 55528003 Electr. health records sys. & equipment 0 0 0 A 69367281 94845570 657248 94188322 2017 0 0 1 1 B 30690473 55528003 480399 55047604 2019 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 0 0 0 1 B 0 0 0 1 1 0 0 0 1 A 1 B 1 Date Rebate Computation Performed Issuer Name: Finance Authority of Maine Date the Rebate Computation was Performed: 09/28/2016 Issuer Name: Finance Authority of Maine Date the Rebate Computation was Performed: 08/30/2019 PART V, Line 1a MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed 1,684 Form 1099s for the calendar year 2022. Part V, Line 2a MaineHealth (EIN 01-0238552), acting on behalf of the MaineHealth System filed Form W-3, reporting 26,427 employees for the calendar year 2022. Form 990, Part VI, Section A, line 6 The organization has members who serve on a Board of Corporators. Form 990, Part VI, Section A, line 7a The organization's Board of Corporators has the ability to elect trustees at an annual or a special meeting. Form 990, Part VI, Section A, line 7b There are decisions by the governing body that require corporator approval. They include: 1. The amendment of the Articles of Incorporation of MaineHealth Services or MaineHealth resulting in major, fundamental changes in purposes or governance; 2. merger or consolidation of MaineHealth Services or MaineHealth with an entity that is not controlled by, or an affiliate of, MaineHealth Services as of the effective date; 3. sale or other disposition of all or substantially all the assets of MaineHealth Services or MaineHealth; or 4. dissolution of MaineHealth Services or MaineHealth. Form 990, Part VI, Section B, line 11b The MaineHealth CFO reviewed the Form 990 in detail. The Form 990 was also made available to the full Board of Trustees prior to filing the return. Form 990, Part VI, Section B, line 12c MaineHealth's Audit & Compliance Services sends Conflict of Interest (COI) disclosure form requests to over 3,000 Care Team Members (including all Board Members, Officers, and other Senior Leaders) each year. Audit & Compliance Services collects the disclosure forms and reviews each submission for possible reported conflicts to determine if a management mitigation plan is required. The results of the annual COI process are reported to the MaineHealth Executive Compliance Committee, the Audit Committee, Local Health System Presidents, and the Board of Trustees Chairpersons. Form 990, Part VI, Section B, line 15 MaineHealth uses an outside firm, Sullivan Cotter, to perform an independent benchmark analysis for the CEO and other senior executive leaders. The firm meets with the Executive Committee of the Board of Directors to review the executive benchmark report. The Executive Committee then deliberates on MaineHealth's written salary and incentive plan philosophy before making a final decision. All meeting decisions are captured in minutes with appropriate approvals at all levels. Form 990, Part VI, Section C, line 19 Documents that are required to be open for public inspection are made available upon request. Form 990, Part XI, line 9: Equity Transfers to Affiliate -8,008,886. Form 990, Part XI - Additional Information MaineHealth has established an information systems project, known as the Shared electronic Health Record (SeHR), to implement a system-wide integrated electronic health record system and financial system. In 2014 and 2017, funding for a portion of the SeHR project was acquired by MaineHealth Services through the issuance of tax exempt revenue bonds through the Finance Authority of Maine in the amount of $94,800,000 and $55,500,000, respectively. Section 168 of the Internal Revenue Code requires that projects funded by tax-exempt sources of financing be depreciated using the alternative depreciation system (ADS). The ADS system requires that computer technology systems be depreciated over a period of 60 months. For Generally Accepted Accounting Principles (GAAP), MaineHealth is using between 60 and 144 month useful lives for the SeHR system, as management believes that these periods better reflect the useful life given the amount invested and the complexity of implementation. The fiscal year 2023 book to tax depreciation adjustment of $15,333,154 was recorded as a decrease to current year tax depreciation expense. Had the current year book to tax difference not been recorded, MaineHealth Services would have reported a net loss for FY 2023 of $2,554,381. Community Health and Nursing Services 60 Baribeau Drive Brunswick ME 04011 010211546 Home health ME 501(c)(3) Line 10 MaineHealth 1 Healthy Community Coalition 105 Mt Blue Circle Farmington ME 04938 223305743 Community services ME 501(c)(3) Line 7 MaineHealth 1 LincolnHealth Cove's Edge 35 Miles Street Damariscotta ME 04543 010382340 Healthcare ME 501(c)(3) Line 3 MaineHealth 1 LincolnHealth Medical Partners Inc 35 Miles Street Damariscotta ME 04543 263878235 Physician practices ME 501(c)(3) Line 7 MaineHealth 1 Maine Medical Center Realty Corp 22 Bramhall Street Portland ME 04102 010434215 Property management ME 501(c)(3) Line 12a, I MaineHealth 1 MaineHealth 22 Bramhall Street Portland ME 04102 010238552 Hospital ME 501(c)(3) Line 3 MaineHealth Services 1 MaineHealth Care at Home 15 Industrial Park Saco ME 04072 222571902 Home health ME 501(c)(3) Line 10 MaineHealth Services 1 Memorial Elder Health Services 3073 White Mountain Highway North Conway ME 03860 813653215 Nursing home NH 501(c)(3) Line 10 The Memorial Hospital 1 Memorial Hospital Foundation 3073 White Mountain Highway North Conway NH 03860 462137291 Fundraising NH 501(c)(3) Line 12a, I The Memorial Hospital 1 Mid Coast Geriatric Services Corporation 123 Medical Center Drive Brunswick ME 04011 010496221 Home health ME 501(c)(3) Line 10 MaineHealth 1 NorDx 301A US Route One Scarborough ME 04074 010511356 Lab ME 501(c)(3) Line 10 MaineHealth Services 1 Quarry Hill PO Box 287 Belfast ME 04915 010213976 Long term care ME 501(c)(3) Line 10 MaineHealth 1 St Joseph's Rehab & Residence 1133 Washington Avenue Portland ME 04103 010339489 Nursing home ME 501(c)(3) Line 10 MaineHealth 1 The Memorial Hospital 3073 White Mountain Highway North Conway NH 03860 020222156 Hospital NH 501(c)(3) Line 3 MaineHealth Services 1 Western Maine Multi-Medical Specialists 181 Main Street Norway ME 04268 010489824 Physician practices ME 501(c)(3) Line 10 MaineHealth 1 Western Maine Nursing Home Inc 181 Main Street Norway ME 04268 222842655 Nursing home ME 501(c)(3) Line 10 MaineHealth 1 Maine Medical Partners 22 Bramhall Street Portland ME 04102 010442142 Healthcare ME N/A C 0 Waldo County Healthcare Mgmt Co PO Box 287 Belfast ME 04915 010485133 Management services ME N/A C 0 PBH Management Company PO Box 287 Belfast ME 04915 010537278 Management services ME N/A C 0 Mid Coast Health Management Corp 123 Medical Center Drive Brunswick ME 04011 010429598 Management services ME N/A C 0 Mid Coast Medical Group 123 Medical Center Drive Brunswick ME 04011 010484592 Healthcare ME N/A C 0 Thorton Oaks Development Corp 123 Medical Center Drive Brunswick ME 04011 010448411 Management services ME N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 The Memorial Hospital Q 581539 Fair Market Value NorDx Q 383435 Fair Market Value MaineHealth Care at Home Q 195287 Fair Market Value MaineHealth Q 24943377 Fair Market Value