2024-08-13T10:23:41+00:00 2023-09-30 861065772 DELOITTE TAX LLP 7900 TYSONS ONE PLACE SUITE 800 MCLEAN VA 22102 990 2022-10-01 462597739 Baptist Health Medical Group Inc BAPT 7866627000 6855 Red Road Suite 600 Coral Gables FL 33143 JANETTE SANCHEZ CORPORATE VP OF FINANCE 2024-08-13 true Rachel Kaufman P01485017 7032511000 2022 2024-08-08 14:25:15Z BERNARDO FERNANDEZ 6855 Red Road Suite 600 Coral Gables FL 33143 574657918 false X WWW.BAPTISTHEALTH.NET X 2012 FL SEE FORM 990, PART III, LINE 1 15 14 2356 0 958741 0 282736726 289675612 246169291 241283101 -58438 23962 19913151 43675243 548760730 574657918 0 0 332846889 391022622 0 0 186751611 194806143 519598500 585828765 29162230 -11170847 105023888 110301428 129592313 145686044 -24568425 -35384616 SEE SCHEDULE O false false 311282504 220618234 SEE SCHEDULE O 118623501 32564165 SEE SCHEDULE O 49008276 30666069 SEE SCHEDULE O 478914281 true true false false false false false false false true false false true true 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 true true false false false true X 0 0 2356 true true true false false false false false false false false false false false X 15 14 false false false false false true true true true false false true true true true true true false false false X FINANCE DEPARTMENT 7866627000 6855 RED ROAD SUITE 600 CORAL GABLES FL 33143 Adelaide Skoglund Director 2.0 0 X 0 0 0 Audra Hill Wallace Director 2.0 4.0 X 0 13729 0 Bill R Tillett Director 2.0 6.0 X 0 35 0 CHRISTOPHER WHEELER Director 2.0 6.0 X 0 0 0 Gary Becker Director 2.0 2.0 X 0 3835 0 J Randolph Millian Director 2.0 0 X 0 0 0 J RICHARD DAMRON JR Director 2.0 4.0 X 0 0 0 Lawrence Altschul Director 2.0 4.0 X 0 0 0 Lloyd Wruble DMD Director 2.0 0 X 0 0 0 Ralph Lawson Director 2.0 6.0 X 0 0 0 Ramon Oyarzun Director - End 10/2022 2.0 0 X 0 0 0 Ramon Rodriguez Director 2.0 0 X 0 0 0 Rev William Chambers III Director 2.0 4.0 X 0 0 0 Sixto Ferro Director 2.0 0 X 0 0 0 Stanley Shapiro Director 2.0 0 X 0 0 0 Steven Litinsky MD MBA Director 2.0 8.0 X 0 0 0 Alan A Gomez VP of Finance - MCI & Physician Ops 25.0 25.0 X 0 115002 26729 Bernardo Fernandez CEO 50.0 0 X 0 798277 34463 Edward Garabedian COO 50.0 0.0 X 423093 0 97110 Leonard Kalman MD Deputy Director Oncology 40.0 10.0 X 0 1034256 26062 Panagiotis Mallias COO/CAO Clinical Enterprise 50.0 0 X 0 610629 115105 Harry Michael Salinas Physician 45.0 0 X 1668757 0 38045 John E Zvijac Physician 45.0 0 X 1527114 0 27517 Joseph Thomas McGinn Jr Physician 45.0 0 X 1843715 0 39395 Michael W McDermott Physician 45.0 0 X 1462118 0 36696 Miguel A Medina Physician 45.0 0 X 1950399 0 39095 William G Ulbricht Former COO/CAO Clinical Enterprise 0.0 50.0 X 0 960035 90792 8875196 3535799 571008 748 true true false SCRIVAS LLC 9100 S DADELAND BLVD MIAMI FL 33156 TRANSCRIPTION SERVICES 820794 JB GREEN ESTATE LLC 3150 SW 38TH AVE MIAMI FL 33146 CONSTRUCTION SERVICES 444631 KIDZ MEDICAL SERVICES INC 5955 PONCE DE LEON BLVD CORAL GABLES FL 33146 PHYSICIAN SERVICES 360812 ALL STAR RECRUITING LOCUMS LLC 6119 LYONS RD COCONUT CREEK FL 30373 CONTRACT LABOR 275336 SFM JANITORIAL SERVICES LLC 7500 NW 74th AVE MEDLEY FL 33166 EQUIPMENT MAINTENANCE 164752 12 289675612 289675612 NET PATIENT REVENUE 621300 191048573 191048573 Grant Revenue 621400 699690 699690 HOSPITALIST REVENUE 621300 29996173 29996173 ON-CALL REVENUE 621300 8632940 8632940 PHYSICS & DOSIMETRY REVENUE 621300 7202356 7202356 3703369 3703369 0 0 241283101 22222 22222 67547 0 67547 0 67547 67547 1740 0 0 1740 1740 1740 MANAGEMENT FEES 900099 12035413 12035413 PHARMACY REVENUE 446110 22733654 21774913 958741 GIFT SHOP REVENUE 453220 83588 83588 8755041 8755041 0 0 43607696 574657918 283848468 958741 175097 X 433816 433816 341321755 290492235 50829520 10581424 8994211 1587213 21772798 18506878 3265920 16912829 14375905 2536924 306604 306604 78901261 42926683 35974578 0 2522850 2018280 504570 3788336 3030669 757667 1888830 1511064 377766 16230275 12984220 3246055 1610040 1288032 322008 2427022 1941618 485404 15480201 14475462 1004739 MEDICAL SUPPLIES 25225398 25225398 MANAGEMENT FEES 19559553 15647642 3911911 CHARITY CARE 10616709 10616709 PROVISION FOR BAD DEBTS 9400122 9400122 6848942 5479153 1369789 0 585828765 478914281 106914484 0 12950 15450 23131931 23864344 0 0 0 0 3390760 4553352 7211369 7481961 33165216 15771784 10199882 17393432 0 0 1172000 61076996 55820889 105023888 110301428 59697365 72547643 0 0 69894948 73138401 129592313 145686044 X -24568425 -35384616 -24568425 -35384616 105023888 110301428 X -11170847 354656 X false true X true true true X 15795 3535509 135507 1414868 289675612 294777291 173920338 168127914 204658434 246169291 241283101 1034159078 0 0 0 173936133 171663423 204793941 247584159 530958713 1328936369 0 0 0 0 286939153 286939153 21309872 22707906 18920414 30914639 26042257 119895088 21309872 22707906 18920414 30914639 312981410 406834241 922102128 16198 28206 57957 135289 89769 327419 0 0 0 0 0 0 16198 28206 57957 135289 89769 327419 0 7813608 9579013 12864103 19798606 43607696 93663026 181765939 181270642 217716001 267518054 574656178 1422926814 0.6480 0.8385 0 0.0 X Schedule A, Part III, Line 7b Excess Payments from Non-Disqualified Persons 2018 - $ 21,309,872 2019 - $ 22,707,906 2020 - $18,920,414 2021 - $30,914,639 2022 - $35,358,766 Schedule A, Part III, Line 12 Other Income DESCRIPTION - MISCELLANEOUS REVENUE, COLUMN A - 3761723.0, COLUMN B - 3624050.0, COLUMN C - 4679713.0, COLUMN D - 9014531.0, COLUMN E - 31572283.0, COLUMN F - 52652300.0; DESCRIPTION - ADMINISTRATIVE SERVICE REVENUE, COLUMN A - 4051885.0, COLUMN B - 5954963.0, COLUMN C - 8184390.0, COLUMN D - 10784075.0, COLUMN E - 12035413.0, COLUMN F - 41010726.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4156701 611204 3545497 10972296 5974172 4998124 13423911 9186408 4237503 4612308 0 4612308 17393432 Other Assets 207888 Right of Use Assets 53529801 Other Investments 2083200 55820889 SELF INSURANCE RESERVES 19348827 RIGHT OF USE LT LIABILITIES 41683006 ASSET RETIREMENT OBLIGATION 22820 RIGHT OF USE ST LIABILITIES 12083748 73138401 X 735731747 448014722 448014722 287717025 286940893 286940893 574657918 1032974063 467162129 467162129 565811934 20016831 20016831 585828765 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote BHSF, the BHSF Hospitals, BOS, BHMG, MCIBH, BRRH, BRRH Hospital, and BHSF Foundation are not-for-profit corporations and recognized as tax-exempt pursuant to Section 501(c)(3) of the Internal Revenue Code. BHMG affiliated physician practices are single-member LLCs, which are treated as disregarded entities for federal income tax purposes. BHE, BocaCare, BHC, and the Insurance Companies are for-profit entities. BHSF provides for income taxes in accordance with the provisions of FASB ASC 740, Income Taxes ("ASC 740"). As required under ASC 740, deferred tax assets and liabilities are recognized under the balance sheet approach, which recognizes the future tax effect of temporary differences between the amounts recorded in the financial statements and the tax basis of these amounts. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the periods in which the deferred tax assets or liabilities are expected to be realized or settled. Taxes collected from patients, tenants, customers and others, concurrent with specific revenue-producing transactions and subsequently remitted to governmental authorities, are recorded on a net basis and excluded from revenues. As of September 30, 2023 and 2022, BHSF had no material unrecognized tax positions. BHSF is periodically audited by federal and state taxing authorities. The outcome of these audits may result in BHSF being assessed taxes in addition to amounts previously paid. Federal returns for fiscal years 2020 through 2022 remain open and subject to examination by the Internal Revenue Service. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHARITY CARE - -10616709 BAD DEBT EXPENSE - -9400122 INCOME OF AFFILIATES - XXX-XX-XXXX Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements (GAIN)/LOSS ON SALE OF FIXED ASSETS - 1740 CONTRIBUTIONS FROM BHSF - XXX-XX-XXXX Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 EXPENSES OF AFFILIATES - XXX-XX-XXXX GAIN/(LOSS) ON SALE OF ASSETS - -1740 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements CHARITY CARE - 10616709 BADT DEBTS - 9400122 X true true false true false false false false false true false Bernardo Fernandez CEO 0 685513 0 72100 0 40664 0 6100 0 28363 0 832740 0 0 William G Ulbricht Former COO/CAO Clinical Enterprise 0 652667 0 296539 0 10828 0 40480 0 50313 0 1050827 0 39982 Leonard Kalman MD Deputy Director Oncology 0 935748 0 90000 0 8508 0 6100 0 19962 0 1060318 0 0 Panagiotis Mallias COO/CAO Clinical Enterprise 0 390578 0 213208 0 6844 0 74353 0 40752 0 725734 0 80395 Edward Garabedian COO 280803 0 134803 0 7488 0 75784 0 21326 0 520203 0 23806 0 Miguel A Medina Physician 814451 0 1133908 0 2040 0 6100 0 32995 0 1989494 0 0 0 Joseph Thomas McGinn Jr Physician 1489524 0 350000 0 4191 0 6100 0 33295 0 1883111 0 0 0 Harry Michael Salinas Physician 815501 0 852771 0 486 0 6100 0 31945 0 1706802 0 0 0 John E Zvijac Physician 1266478 0 257071 0 3564 0 5119 0 22397 0 1554630 0 0 0 Michael W McDermott Physician 1325465 0 130000 0 6653 0 6100 0 30596 0 1498813 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel EXECUTIVE COMPENSATION BAPTIST HEALTH EXECUTIVES ARE PROVIDED WITH A COMMON SET OF PERQUISITES THAT ARE TYPICAL OF OTHER RESPONSIBLE NOT-FOR PROFIT ORGANIZATIONS TO ENABLE THEM TO MORE EFFECTIVELY CONDUCT THEIR BUSINESS. THESE BENEFITS ARE DEEMED BY THE COMPENSATION COMMITTEE TO BE APPROPRIATE AND CONSERVATIVE. PERQUISITES ARE GENERALLY LIMITED TO AUTO AND CELL PHONE ALLOWANCES WHICH ARE FULLY TAXABLE TO THE EXECUTIVE. OTHER PERQUISITES PROVIDED TO EXECUTIVES, SUCH AS PAID TIME OFF OR REIMBURSEMENT FOR RELEVANT EDUCATIONAL EXPENSES, ARE OFFERED TO ALL EMPLOYEES IN ACCORDANCE WITH ENTERPRISE-WIDE POLICIES AND PROCEDURES. BUSINESS TRAVEL FOR EXECUTIVES ON COMMERCIAL AIRLINES IS LIMITED TO COACH FARES (AN UPGRADE TO THE NEXT AVAILABLE CLASS OF SERVICE, E.G., BUSINESS CLASS, MAY BE PERMITTED WHEN THE FLIGHT DURATION IS IN EXCESS OF FIVE HOURS OR AN OVERNIGHT ACCOMMODATION CAN BE AVOIDED). CHARTERED PLANE TRAVEL, SPOUSAL TRAVEL, LUXURY RESIDENCES FOR PERSONAL USE, HEALTH, AND PERSONAL SERVICES (SUCH AS MAID, CHAUFFEUR, CHEF, LANDSCAPER) ARE NOT PROVIDED (OR REIMBURSED) TO BAPTIST HEALTH EXECUTIVES. In FY2023, the following employee traveled first class in accordance with the BHSF travel policy. The first class travel benefit was not treated as taxable income to the employee. - Michael W. McDermott - Physician Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation THE DETERMINATION OF THE COMPENSATION OF THE CEO FOLLOWS THE SAME PROCESS DELINEATED HEREIN. THE BYLAWS OF BAPTIST HEALTH MEDICAL GROUP DELEGATE THE AUTHORITY TO SET EXECUTIVE COMPENSATION TO BHSF. BHSF'S COMPENSATION COMMITTEE IS COMPRISED EXCLUSIVELY OF INDEPENDENT BOARD MEMBERS WHO SERVE VOLUNTARILY WITHOUT ANY REMUNERATION, AND WHO MUST ADHERE TO A STRINGENT CONFLICT OF INTEREST POLICY THAT PRECLUDES THEM OR THEIR FAMILIES FROM DOING BUSINESS WITH BAPTIST HEALTH. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND APPROVING THE COMPENSATION FOR EXECUTIVES. THE TERM "COMPENSATION" INCLUDES SALARIES, BENEFITS AND INCENTIVES. THE COMPENSATION COMMITTEE ANNUALLY ENGAGES A NATIONALLY-RECOGNIZED, INDEPENDENT CONSULTANT TO CONDUCT COMPENSATION SURVEYS AND TO ADVISE THE BOARD ON COMPENSATION POLICIES. THE COMPENSATION COMMITTEE DECISIONS ARE BASED ON THE FOLLOWING: 1. TOTAL COMPENSATION PACKAGE: RECRUITMENT AND RETENTION OF CAPABLE, PRODUCTIVE EXECUTIVES IS ACCOMPLISHED THROUGH DESIGN OF A TOTAL COMPENSATION PACKAGE THAT INCLUDES A BASE SALARY, AT-RISK INCENTIVE PAY, AND BENEFITS. IT IS THE OBJECTIVE OF BAPTIST HEALTH TO ENSURE A CONSISTENT COMPENSATION PHILOSOPHY ACROSS ALL EMPLOYEE AND LEADERSHIP LEVELS THAT REWARDS OUTSTANDING PERFORMANCE USING A CASH PLUS EMPLOYEE BENEFITS PACKAGE TARGETING THE 75TH PERCENTILE. BASE SALARIES OF FULLY PRODUCTIVE EXECUTIVES ARE INDEXED TO THE MEDIAN (50TH PERCENTILE) SALARY PAID BY SIMILAR HEALTHCARE ORGANIZATIONS. INCENTIVE PAY FOR SUPERIOR ACHIEVEMENT PROVIDES THE OPPORTUNITY FOR TOTAL CASH COMPENSATION AT THE 75TH PERCENTILE OF THE EXECUTIVE'S PEER GROUP IF THE EXECUTIVE EXCEEDS HIS/HER PERFORMANCE METRICS. 2. PERFORMANCE-BASED SALARY INCREASES: ONE OF THE KEY ELEMENTS OF BAPTIST HEALTH'S EXECUTIVE COMPENSATION PHILOSOPHY IS "PAY FOR PERFORMANCE." SALARY INCREASES ARE BASED UPON THE DEGREE TO WHICH EACH EXECUTIVE ACHIEVES HIS/HER INDIVIDUAL PERFORMANCE OBJECTIVES FOR THE YEAR, WHICH ARE TIED TO CORPORATE OBJECTIVES. GENERALLY THESE OBJECTIVES RELATE TO CLINICAL QUALITY; PATIENT, PHYSICIAN AND COMMUNITY SATISFACTION; CHARITY CARE AND MISSION GOALS; FINANCIAL PERFORMANCE AND EXPENSE MANAGEMENT. INDIVIDUAL AND GROUP PERFORMANCE AGAINST THESE OBJECTIVES IS REVIEWED BY THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES ANNUALLY AFTER THE CLOSE OF THE FISCAL YEAR. 3. MARKET-BASED SALARY INCREASES: THE BOARD'S COMPENSATION COMMITTEE REVIEWS THE MARKET VALUE OF EXECUTIVE POSITIONS ANNUALLY TO ASSURE THAT BAPTIST HEALTH'S PAY LEVELS ARE COMPETITIVE. THE INDEPENDENT CONSULTANT, SELECTED BY THE COMPENSATION COMMITTEE, OBTAINS EXECUTIVE SALARY INFORMATION FOR FUNCTIONALLY COMPARABLE POSITIONS AT HEALTHCARE INSTITUTIONS OF COMPARABLE SIZE WITHIN FLORIDA AND THE UNITED STATES. BAPTIST HEALTH'S PEER GROUP IS COMPRISED OF OTHER COMPLEX NOT-FOR-PROFIT HOSPITAL SYSTEMS OF SIMILAR SIZE. THE PEER GROUP DOES NOT INCLUDE FOR-PROFIT HOSPITALS, WHOSE COMPENSATION PRACTICES ARE FAR MORE GENEROUS (AND INCLUDE SUCH THINGS AS STOCK OPTIONS AND EQUITY/OWNERSHIP INTERESTS). 4. NO GUARANTEED SALARY INCREASES: THERE IS NO GUARANTEE OF ANNUAL EXECUTIVE SALARY INCREASES. SALARY INCREASES DEPEND UPON THE ORGANIZATION'S ABILITY TO PAY, THE EXECUTIVE'S SALARY IN RELATION TO THE MARKET, THE EXECUTIVE'S PERFORMANCE LEVEL, AND INTERNAL PAY RELATIONSHIPS TO PEERS. 5. AT-RISK INCENTIVE PAY: KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS. 6. PERQUISITES: BAPTIST HEALTH EXECUTIVES ARE PROVIDED WITH A COMMON SET OF PERQUISITES THAT ARE TYPICAL OF OTHER RESPONSIBLE NOT-FOR-PROFIT ORGANIZATIONS TO ENABLE THEM TO MORE EFFECTIVELY CONDUCT THEIR BUSINESS. THESE BENEFITS ARE DEEMED BY THE COMPENSATION COMMITTEE TO BE APPROPRIATE AND CONSERVATIVE. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan AS PART OF THE BAPTIST HEALTH SOUTH FLORIDA EXECUTIVE BENEFIT PLAN, EXECUTIVES ARE ELIGIBLE TO ALLOCATE A PORTION OF THEIR FLEXIBLE SPENDING ALLOWANCE TO A SUPPLEMENTAL SURVIVOR ACCUMULATION BENEFIT (SSAB) ACCOUNT. THE SSAB IS A LIFE INSURANCE PRODUCT THAT PROVIDES A DEFERRED RETIREMENT BENEFIT FOR THE EXECUTIVE OR A DEATH BENEFIT FOR THE EXECUTIVE'S SURVIVORS. CONTRIBUTIONS TO THE SSAB MAY BE MADE ANNUALLY TO THE PARTICIPANT'S ACCOUNT. ALL CONTRIBUTIONS ACCUMULATE, ALONG WITH INVESTMENT EARNINGS, FOR THE PERIOD THE EXECUTIVE PARTICIPATES. THE EXECUTIVE DOES NOT HAVE ACCESS TO THE CONTRIBUTIONS MADE OR THE RELATED INVESTMENT INCOME, ALL OF WHICH IS SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE. PURSUANT TO THE SSAB PLAN GUIDELINES, THIS BENEFIT IS TERMINATED UPON AN EXECUTIVE REACHING AGE 65. HOWEVER, PAYMENT CAN BE DEFERRED TO A DATE AT LEAST TWO YEARS AFTER REACHING AGE 65 BUT NO LATER THAN 68. AT THAT TIME THE ENTIRE AMOUNT ACCUMULATED IS PAID OUT IN A LUMP SUM. Schedule J, Part I, Line 7 Non-fixed payments KEY EXECUTIVES WHO CONTROL SIGNIFICANT ASSETS OR WHO HAVE A MAJOR IMPACT ON OPERATIONS MAY EARN INCENTIVE PAY, CAPPED AT A PRE-DETERMINED PERCENTAGE OF THE EXECUTIVE'S BASE SALARY. THE PURPOSE OF INCENTIVE PAY IS TO FOCUS EXECUTIVE ACTION ON KEY "PERFORMANCE THRESHOLDS CORPORATE GOALS THAT ARE APPROVED BY THE BOARD'S COMPENSATION COMMITTEE. THE ACHIEVEMENT OF THESE GOALS REQUIRES EXTRAORDINARY EFFORT, COMMITMENT AND ACHIEVEMENT. THE INCENTIVE COMPONENT OF THE EXECUTIVE'S TOTAL COMPENSATION IS VARIABLE AND TOTALLY AT RISK, DEPENDING UPON THE ACHIEVEMENT OF THE AGREED-UPON GOALS. Schedule J, Part II, Column (B)(ii) Executive Compensation ALL EXECUTIVE COMPENSATION IS REVIEWED AND APPROVED ANNUALLY BY THE COMPENSATION COMMITTEE, WHICH IS COMPRISED OF INDEPENDENT UNCOMPENSATED MEMBERS OF THE BOARD OF TRUSTEES WHO HAVE CERTIFIED THAT THEY HAVE NO CONFLICT OF INTEREST WITH THE ORGANIZATION. REPORTABLE COMPENSATION INCLUDES BASE SALARY AS WELL AS PAYMENTS UNDER A FORMAL INCENTIVE PLAN, WHICH REWARDS SUCCESSFUL ACHIEVEMENT OF QUALITY, MISSION, CHARITY CARE, AND FINANCIAL CORPORATE OBJECTIVES. Form 990, Part III, Line 1 MISSION As part of the Baptist Health network, THE MISSION OF BAPTIST HEALTH Medical Group, Inc. is to improve the health and well-being of individuals, and to promote the sanctity and preservation of life, in the communities we serve. Baptist Health is a faith-based organization guided by the spirit of Jesus Christ and the Judeo-Christian ethic. We are committed to maintaining the highest standards of clinical and service excellence, enhanced through teaching, research and innovation, and rooted in the utmost integrity and moral practice. Consistent with its spiritual foundation, Baptist Health is dedicated to providing high-quality, cost-effective, compassionate healthcare services to all, regardless of religion, creed, race or national origin, including, as permitted by its resources, charity care to those in need. Form 990, Part III, Line 4a PROGRAM ACCOMPLISHMENTS CONSISTENT WITH ITS SPIRITUAL FOUNDATION, BAPTIST HEALTH IS DEDICATED TO PROVIDING HIGH-QUALITY, COST-EFFECTIVE, AND COMPASSIONATE HEALTHCARE SERVICES TO ALL, INCLUDING, AS PERMITTED BY OUR RESOURCES, CHARITY CARE TO THOSE IN NEED. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2023, BAPTIST HEALTH PROVIDED PATIENT SERVICES TO THE SOUTH FLORIDA AREA WITH 99,329 ADULT ADMISSIONS, 524,616 PATIENT DAYS, AND 543,524 EMERGENCY ROOM VISITS. DURING THAT SAME TIME PERIOD, URGENT CARE VISITS TOTALED 373,375, OUTPATIENT SURGERY CASES TOTALED 124,839, AND TOTAL OUTPATIENT VISITS WERE 2,015,934 SYSTEM-WIDE. AS OF SEPTEMBER 30, 2023, THE SYSTEM BOASTED 2,894 LICENSED INPATIENT BEDS, INCLUDING 2,709 ACUTE CARE BEDS. OVERALL, IN FY2023, BAPTIST HEALTH PROVIDED MORE THAN $472,000,000 IN COMMUNITY BENEFITS. THIS INCLUDED CHARITY CARE VALUED AT $111,013,100 AS WELL AS $275,352,886 IN UNCOMPENSATED SERVICES . THE ESTIMATED COST OF PROVIDING CHARITY SERVICES AND UNCOMPENSATED SERVICES IS BASED ON RECENT HISTORICAL COST-TO-CHARGE RATIOS FOR CHARITY PATIENTS AND MEDICAID PATIENTS FROM BHSF'S COST ACCOUNTING SYSTEM, APPLIED TO THE CURRENT PERIOD GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING CARE TO CHARITY AND MEDICAID PATIENTS. WE ALSO CONTRIBUTED $49,725,789 TO THE INDIGENT CARE FUND AND EXPENDED $7,216,437 FOR EDUCATIONAL PROGRAMS, SCREENINGS, CORPORATE SPONSORSHIPS AND DONATIONS. FREE COMMUNITY HEALTH AND WELLNESS PROGRAMS COVERED TOPICS RANGING FROM INSOMNIA AND FOOD SAFETY TO DIABETES AND WEIGHT CONTROL. BAPTIST HEALTH ALSO OFFERED COMPLIMENTARY SCREENINGS FOR CHOLESTEROL, BLOOD PRESSURE, BODY COMPOSITION, AND OSTEOPOROSIS. FURTHERING ITS COMMITMENT TO PROVIDING PRIMARY CARE SERVICES TO THOSE IN NEED, BAPTIST HEALTH DONATED $4,070,000 TO NEIGHBORHOOD NOT-FOR-PROFIT CLINICS, including: THE GOOD NEWS CARE CENTER IN FLORIDA CITY, OPEN DOOR HEALTH CENTER IN HOMESTEAD, THE GOOD HEALTH CLINIC IN TAVERNIER, THE CARIDAD CENTER IN BOYNTON BEACH, THE SOUTH MIAMI CHILDREN'S CLINIC IN SOUTH MIAMI, AND CARING FOR Miami Mobile Dental Clinic. Baptist Health SPENT $23,405,694 PAYING PHYSICIANS WHO PROVIDE CARE TO OUR COMMUNITY MEMBERS IN NEED. ADDITIONALLY, WE PROVIDED $4,826,060 IN PALLIATIVE CARE AND CHAPLAINCY CARE . BAPTIST HEALTH FULFILLS ITS MISSION TO PROVIDE COMPASSIONATE CARE NOT ONLY BY PROVIDING ASSISTANCE TO THOSE IN FINANCIAL NEED, BUT ALSO SUPPORTING SERVICES AT A LOSS THAT ARE ESSENTIAL TO THE COMMUNITY. BEYOND THE AFOREMENTIONED HEALTH-RELATED CONTRIBUTIONS, BAPTIST HEALTH ALSO EXERTS A SUBSTANTIAL AND POSITIVE IMPACT ON OUR COMMUNITY. WITH A WORKFORCE EXCEEDING 27,000 INDIVIDUALS , WE STAND AS SOUTH FLORIDA'S LARGEST PRIVATE EMPLOYER. BAPTIST HEALTH IS TAKING A LEADERSHIP ROLE BY COMMITTING TO THE ENVIRONMENTALLY RESPONSIBLE, ENERGY-EFFICIENT DESIGN AND FUNCTION OF OUR FACILITIES. THIS COMMITMENT APPLIES TO OUR DAY-TO-DAY OPERATIONS, FROM THE SUPPLIES WE PURCHASE TO THE VEHICLES WE USE. ALIGNED WITH OUR FAITH-BASED MISSION, BAPTIST HEALTH REMAINS COMMITTED TO MAKING A SIGNIFICANT, POSITIVE IMPACT ON THE COMMUNITIES IT SERVES. BAPTIST HEALTH HEART & VASCULAR CARE, PART OF BHMG, BOASTS OF A MULTIDISCIPLINARY TEAM THAT HAS PERFORMED THOUSANDS OF CARDIAC PROCEDURES AND CRAFTED PERSONALIZED TREATMENT PLANS. HARNESSING A BLEND OF EXPERTISE, CUTTING-EDGE TECHNOLOGIES, AND ADVANCED DIAGNOSTICS, THESE MEDICAL PROFESSIONALS DELIVER COMPREHENSIVE CARDIOLOGY CARE ADDRESSING A SPECTRUM OF CONDITIONS. SERVICES ENCOMPASS ADVANCED HEART FAILURE, ARRHYTHMIA, CADIOMETABOLIC CLINICS, CARDIO-ONCOLOGY, HYPERTENSION MANAGEMENT, LIPID MANAGEMENT PROGRAM, SPORTS CARDIOLOGY, VASCULAR MEDICINE, AND WOMEN'S HEART. WITH ELEVEN (11) CONVENIENT LOCATIONS THROUGHOUT SOUTH FLORIDA, ACCESS TO QUALITY CARE IS READILY AVAILABLE. BAPTIST HEALTH BRAIN & SPINE CARE, PART OF BHMG, UNITES EXPERTS FROM ACROSS THE ORGANIZATION, INCLUDING BAPTIST HEALTH MIAMI NEUROSCIENCE INSTITUTE AND THE MARCUS NEUROSCIENCE INSTITUTE, METICULOUSLY EXPLORE TREATMENT OPTIONS TAILORED TO SPECIFIC DIAGNOSES. THE PROFESSIONAL MEDICAL TEAM DELIVERS PERSONALIZED NEUROSURGERY CARE ROOTED IN RESEARCH. WHENEVER VIABLE, A CONSERVATIVE TREATMENT APPROACH IS PREFERRED, WITH SURGERY ONLY CONSIDERED WHEN IT IS THE BEST SOLUTION. Form 990, Part III, Line 4b PROGRAM ACCOMPLISHMENTS BAPTIST HEALTH MEDICAL GROUP ONCOLOGY OFFERS A COMPREHENSIVE ARRAY OF CANCER RELATED TREATMENTS SUCH AS ONCOLOGY AND HEMATOLOGY, RADIATION ONCOLOGY, BREAST HEALTH AND THORACIC SURGERY, AMONG OTHERS. THE SPECIALTY CARE EXPANDED WITH THE OPENING OF THE MIAMI CANCER INSTITUTE ("MCI") IN JANUARY 2017. THE PROVIDERS WHO FORM PART OF BAPTIST HEALTH MEDICAL GROUP ONCOLOGY PROVIDE SERVICES AT MCI, A STATE-OF-THE-ART FACILITY SPANNING 445,000 SQUARE FEET, REPRESENTING A $430 MILLION INVESTMENT AND A VITAL COMPONENT OF BAPTIST HEALTH'S INFRASTRUCTURE. MCI HOLDS THE DISTINCTION OF BEING THE THIRD FULL MEMBER, AND THE ONLY MEMBER IN FLORIDA, OF THE MEMORIAL SLOAN KETTERING (MSK) CANCER ALLIANCE, AN INITIATIVE AIMED AT PROVIDING CUTTING-EDGE CANCER CARE. MCI FEATURES A UNIQUE, HYBRID ACADEMIC-COMMUNITY CANCER CENTER MODEL BACKED BY 30 YEARS OF BAPTIST HEALTH'S EXPERTISE IN CANCER CARE. THE FACILITY, LOCATED ON THE BAPTIST HOSPITAL OF MIAMI CAMPUS, CONSOLIDATES MANY OUTPATIENT CLINICAL SERVICES, CLINICAL RESEARCH, AND TECHNOLOGY PLATFORMS UNDER ONE ROOF. THE INSTITUTE IS HOME TO ONE OF THE MOST COMPREHENSIVE AND ADVANCED RADIATION ONCOLOGY PROGRAMS IN THE WORLD, FEATURING SOUTH FLORIDA'S FIRST PROTON THERAPY CENTER, ONE OF UNDER TWO DOZEN PROTON THERAPY CENTERS IN THE NATION, WHICH OPENED IN FALL 2017. PROTON THERAPY'S PRECISION ENABLES DOCTORS TO TARGET CANCER CELLS WITHOUT DAMAGING HEALTHY TISSUE AND VITAL ORGANS THEREBY REDUCING THE RISK OF SIDE EFFECTS. PATIENTS RELY ON MCI FOR COMPREHENSIVE, COMPASSIONATE CANCER CARE WITH SPECIFIC MULTI-DISCIPLINARY TUMOR SITE FOCUS, SUCH AS THE CARE PROVIDED THROUGH THE BAPTIST HEALTH BREAST CENTER. THE PROTON THERAPY FACILITY ATTRACTS INTERNATIONAL PATIENTS FROM CENTRAL AND SOUTH AMERICA. MCI'S PROTON THERAPY CENTER IS EQUIPPED WITH THE MOST ADVANCED FORM OF PENCIL BEAM SCANNING ("PBS") TECHNOLOGY AVAILABLE TODAY IN ALL THREE GANTRY-BASED TREATMENT ROOMS. USING THIS PBS TECHNOLOGY IN CONJUNCTION WITH STATE-OF-THE-ART VOLUMETRIC AND SURFACE IMAGING TECHNOLOGIES, MCI SEEKS TO MAXIMIZE THE DELIVERY PRECISION AND ACCURACY OF INTENSITY MODULATED PROTON THERAPY TREATMENTS. BY INTEGRATING IBA'S LATEST GENERATION PROTON DELIVERY PLATFORM, MCI IS THE FIRST AND ONLY CENTER IN THE UNITED STATES TO BRING EACH OF THESE ADVANCES TOGETHER IN AN EFFORT TO MAKE THIS HIGHLY SOPHISTICATED CANCER CARE EASILY ACCESSIBLE TO PATIENTS. TOMOTHERAPY, A TYPE OF RADIATION THERAPY KNOWN AS IMAGE-GUIDED RADIATION THERAPY ("IGRT") COMBINES PRECISE 3-D IMAGING FROM CT SCANNING WITH HIGHLY TARGETED RADIATION BEAMS TO DELIVER RADIATION WITH EXTREME PRECISION. BECAUSE TOMOTHERAPY INTEGRATES TREATMENT PLANNING, PATIENT POSITIONING AND RADIATION TREATMENT DELIVERY WITH ONE MACHINE, PATIENT TREATMENT TIME IS REDUCED. ADDITIONALLY, MCI OFFERS CONFORMAL RADIATION THERAPY, ULTRASOUND-GUIDED CONFORMAL RADIATION THERAPY, INTENSITY-MODULATED RADIATION THERAPY, INTRA OPERATIVE RADIATION THERAPY AND BRACHYTHERAPY, IN WHICH CANCER-KILLING RADIOACTIVE MATERIAL IS PLACED IN OR NEAR THE TUMOR ITSELF, AS WELL AS GAMMA KNIFE AND CYBER KNIFE TECHNOLOGIES FOR PRECISION-GUIDED TREATMENT. HIGH-END IMAGING INCLUDING POSITRON EMISSION TOMOGRAPHY ("PET") AND COMPUTED TOMOGRAPHY ("CT") SCANNING, WHICH DRAMATICALLY INCREASES THE ABILITY TO DIAGNOSE AND TREAT CANCER, IS AVAILABLE THROUGH MCI. COMBINING THE CAPABILITY OF HIGH-QUALITY PET AND CT, THE PET/CT SCANNER ALLOWS PHYSICIANS TO MAKE A DIAGNOSIS BASED ON BOTH THE PHYSICAL LOCATION AND BIOCHEMISTRY OF A TUMOR. MCI DRAWS A SIGNIFICANT NUMBER OF PATIENTS FROM OUTSIDE THE UNITED STATES, AS WELL AS LEADING MEDICAL AND BUSINESS PROFESSIONALS TO SOUTH FLORIDA FOR CONFERENCES, SYMPOSIA AND OTHER EVENTS. Form 990, Part III, Line 4c PROGRAM ACCOMPLISHMENTS BAPTIST HEALTH ORTHOPEDIC CARE ("BHOC"), PART OF BHMG, CONSISTS OF BOARD-CERTIFIED, FELLOWSHIP-TRAINED ORTHOPEDIC SURGEONS AND PRIMARY CARE SPORTS MEDICINE PHYSICIANS, STATE-OF-THE-ART TECHNOLOGY, AND COMPREHENSIVE REHABILITATION SERVICES ANCHORED AT BAPTIST HEALTH AFFILIATED DOCTORS HOSPITAL. BHOC IS THE OFFICIAL SPORTS MEDICINE PROVIDER FOR THE MIAMI DOLPHINS, MIAMI HEAT, FLORIDA PANTHERS, MIAMI FC, FLORIDA INTERNATIONAL UNIVERSITY, ST. THOMAS UNIVERSITY, AND THE FEDEX ORANGE BOWL. BHOC'S ORTHOPEDIC PHYSICIANS ARE ALSO THE TEAM PHYSICIANS FOR THE MIAMI DOLPHINS, MIAMI HEAT, FLORIDA PANTHERS, FLORIDA INTERNATIONAL UNIVERSITY, THE MIAMI CITY BALLET, THE MIAMI OPEN TENNIS TOURNAMENT, MIAMI MARATHON, MIAMI ESCAPE TRIATHLON, OUR LADY OF LOURDES ACADEMY AND SELECT MIAMI-DADE PUBLIC HIGH SCHOOL SPORTS. ADDITIONALLY, BHOC HAS FACULTY APPOINTMENTS AT THE FLORIDA INTERNATIONAL UNIVERSITY HERBERT WERTHEIM COLLEGE OF MEDICINE. BHOC SURGEONS HAVE PUBLISHED NUMEROUS ARTICLES ABOUT NEW TECHNIQUES THEY HAVE DEVELOPED TO REPAIR KNEE, SHOULDER, ANKLE, AND ELBOW INJURIES. BHOC WAS THE FIRST ORTHOPEDIC PRACTICE IN SOUTH FLORIDA TO UTILIZE NEW WEIGHT-BEARING POINT-OF-CARE, ULTRA-LOW DOSE CT IMAGING TECHNOLOGY IN ITS FOOT & ANKLE CLINICS. BHMG'S BHOC HAS MORE THAN FIFTEEN (15) CONVENIENT LOCATIONS THROUGHOUT SOUTH FLORIDA . Form 990, Part V, Line 1a US INFORMATIONAL RETURNS BAPTIST HEALTH HAS A SYSTEM-WIDE TREASURY POLICY, WHICH RECOGNIZES ITS RESPONSIBILITY TO OVERSEE, MANAGE, AND COORDINATE ALL AFFILIATE OPERATIONS, INCLUDING THE TREASURY FUNCTIONS. BAPTIST HEALTH SOUTH FLORIDA, INC. ("BHSF") SERVES AS THE CENTRALIZED CASH RECEIPT AND DISBURSING AGENT FOR ALL BHSF ENTITIES. AS SUCH ONLY BHSF ISSUES US INFORMATIONAL RETURNS. Form 990, Part V, Line 2a EMPLOYEES REPORTED ON FORM W-3 BHSF IS THE APPOINTED PAY AGENT FOR ALL OF ITS AFFILIATES. AS SUCH ONLY BHSF ISSUES FORM W-3. Form 990, Part VI, Line 15 PERFORMANCE-BASED EXECUTIVE COMPENSATION THE SOUTH FLORIDA MARKET FOR HIGHLY COMPETENT HEALTHCARE EXECUTIVES REFLECTS A VERY COMPETITIVE ENVIRONMENT FOR QUALIFIED EXECUTIVES. IT IS COMPRISED OF LARGE, NATIONAL, FOR PROFIT CHAINS AND NOT-FOR-PROFIT HOSPITAL SYSTEMS AND STAND-ALONE HOSPITALS. THE BOARD OF TRUSTEES OF BAPTIST HEALTH SOUTH FLORIDA, INC. SEEKS EXECUTIVES OF VISION AND LEADERSHIP TO CARRY OUT THE ORGANIZATION'S FAITH-BASED MISSION OF QUALITY CARE AND COMMUNITY SERVICE. THE BOARD EXPECTS THESE EXECUTIVES TO PROVIDE LEADERSHIP THAT WILL PLACE BAPTIST HEALTH AMONG THE BEST HEALTHCARE SYSTEMS IN THE NATION FOR QUALITY AND EXCELLENCE. THE BOARD EXPECTS EXECUTIVES TO DEMONSTRATE INTEGRITY AND LOYALTY IN THE PERFORMANCE OF THEIR DUTIES AND TO ADHERE TO BAPTIST HEALTH'S CONFLICT OF INTEREST POLICY, EXECUTIVE CODE OF CONDUCT AND ALL COMPLIANCE/ETHICS POLICIES. EXECUTIVE COMPENSATION IS CONSIDERED THE FOUNDATION TO ATTRACT AND RETAIN EXECUTIVES WITH THE TALENT, EXPERIENCE AND CHARACTER TO MEET THESE EXPECTATIONS. THE CEO OF BAPTIST HEALTH MEDICAL GROUP INC IS COMPENSATED BY BAPTIST HEALTH SOUTH FLORIDA, INC., A RELATED ORGANIZATION. THE DETERMINATION OF THE COMPENSATION OF THE CEO FOLLOWS THE SAME PROCESS DELINEATED HEREIN. THE BYLAWS OF BAPTIST HEALTH MEDICAL GROUP DELEGATE THE AUTHORITY TO SET EXECUTIVE COMPENSATION TO BHSF. BHSF'S COMPENSATION COMMITTEE IS COMPRISED EXCLUSIVELY OF INDEPENDENT BOARD MEMBERS WHO SERVE VOLUNTARILY WITHOUT ANY REMUNERATION, AND WHO MUST ADHERE TO A STRINGENT CONFLICT OF INTEREST POLICY THAT PRECLUDES THEM OR THEIR FAMILIES FROM DOING BUSINESS WITH BAPTIST HEALTH. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE AND APPROVING THE COMPENSATION FOR all of the entity's EXECUTIVES. THE TERM "COMPENSATION" INCLUDES SALARIES, BENEFITS, AND INCENTIVES. THE COMPENSATION COMMITTEE ANNUALLY ENGAGES A NATIONALLY RECOGNIZED, INDEPENDENT CONSULTANT TO CONDUCT COMPENSATION SURVEYS AND TO ADVISE THE BOARD ON COMPENSATION POLICIES. For further detail regarding the compensation structure, please refer to Schedule J, Part I, Line 3. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THIS ORGANIZATION IS PART OF BAPTIST HEALTH, AN INTEGRATED HEALTH CARE DELIVERY SYSTEM. THE BOARD OF TRUSTEES OF BAPTIST HEALTH SOUTH FLORIDA, INC. HAS THE RIGHT TO APPOINT SOME BOARD MEMBERS TO THE HOSPITAL'S BOARD OF DIRECTORS. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THIS ORGANIZATION IS PART OF BAPTIST HEALTH, AN INTEGRATED HEALTH CARE DELIVERY SYSTEM. THE BOARD OF TRUSTEES OF BAPTIST HEALTH SOUTH FLORIDA, INC. HAS THE RIGHT TO APPROVE OR RATIFY CERTAIN CORPORATE DECISIONS OF THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body BAPTIST HEALTH MANAGEMENT IS RESPONSIBLE FOR THE ACCURACY AND COMPLETENESS OF THE TAX RETURNS OF BHSF AND ALL OF ITS NONPROFIT, CHARITABLE AFFILIATES. THIS FORM 990 HAS BEEN PREPARED IN CONFORMITY WITH THE INTERNAL REVENUE CODE AND TREASURY REGULATIONS. INDEPENDENT TAX CONSULTANTS AND MEMBERS OF MANAGEMENT HAVE REVIEWED IN DETAIL THE COMPLETED FORM 990. PRIOR TO FILING, THE FORM 990 PREPARATION PROCESS AND THE DOCUMENTS ARE DISCUSSED AT A MEETING OF THE FINANCE & RISK MANAGEMENT COMMITTEE OF THE BOARD OF TRUSTEES AND MADE AVAILABLE ELECTRONICALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND COMMENTARY. ADDITIONALLY, THE EXECUTIVE AND COMPENSATION COMMITTEES OF THE BHSF BOARD OF TRUSTEES, COMPOSED OF INDEPENDENT UNCOMPENSATED MEMBERS, REVIEW OTHER PERTINENT AREAS OF THE RETURN, AS NEEDED. THE PRESIDENT AND CEO AS WELL AS THE EXECUTIVE VICE PRESIDENT AND CFO HEREBY CERTIFY AS TO THE ACCURACY AND COMPLETENESS OF THIS FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy EMPLOYEE CONFLICT OF INTEREST AN ACTUAL, POTENTIAL OR PERCEIVED CONFLICT OF INTEREST OCCURS IN THOSE CIRCUMSTANCES WHERE AN EMPLOYEE'S JUDGEMENT COULD BE AFFECTED BECAUSE THE EMPLOYEE HAS A PERSONAL INTEREST, OTHER THAN THE RECEIPT OF COMPENSATION FROM BAPTIST HEALTH, IN THE OUTCOME OF A DECISION OVER WHICH THE EMPLOYEE HAS CONTROL OR INFLUENCE. FOR THE PURPOSES OF THIS POLICY, IT IS PRESUMED THAT MANAGERS HAVE CONTROL OR INFLUENCE OVER ANY DECISION AFFECTING A MATTER FOR WHICH A MANAGER HAS RESPONSIBILITY. A PERSONAL INTEREST EXISTS WHEN AN EMPLOYEE OR A MEMBER OF HIS OR HER FAMILY STANDS TO DIRECTLY OR INDIRECTLY OBTAIN FINANCIAL GAIN AS A RESULT OF A DECISION. THIS POLICY IS INTENDED FOR ALL EMPLOYEES TO UNDERSTAND, IDENTIFY, MANAGE, AND APPROPRIATELY DISCLOSE THOSE TRANSACTIONS, WHICH COULD RESULT IN AN ACTUAL, POTENTIAL OR PERCEIVED CONFLICT OF INTEREST. IN ACCORDANCE WITH OUR CODE OF ETHICS, HIGH ETHICAL STANDARDS MUST BE OBSERVED IN THE NEGOTIATION AND EXECUTION OF ALL BUSINESS ACTIVITIES CONDUCTED AT, BY OR WITH BAPTIST HEALTH. ANY DECISIONS MADE BY BAPTIST HEALTH EMPLOYEES MUST BE MADE IN COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS, WITH THE BEST ORGANIZATIONAL INTERESTS OF BAPTIST HEALTH AS THE HIGHEST PRIORITY AND WITHOUT REGARD TO THE PERSONAL GAIN OR INTEREST OF ANY OTHER PERSON OR ENTITY. LIKEWISE, THE APPEARANCE OF ANY SUCH IMPROPER INFLUENCE ON ANY DECISIONS SHOULD BE CONSCIOUSLY AVOIDED. EMPLOYEES SHOULD ALSO ADHERE TO POLICY 828 WHICH PROHIBITS VENDOR SPONSORED TRAVEL, POLICY 829 WHICH LIMITS ACCEPTANCE OF PERSONAL HONORARIUMS, AND POLICY 831 WHICH PROVIDES LIMITATIONS AND GUIDELINES ON PHILANTHROPIC SOLICITATION OF VENDORS. A POTENTIAL OR PERCEIVED CONFLICT OF INTEREST MAY EXIST IRRESPECTIVE OF THE INTENT OF THE EMPLOYEE. BOARD CONFLICT OF INTEREST Baptist Health has a strong and robust Conflict of Interest policy. The policy is meant to ensure that each member of the Board of Trustees governs the affairs of Baptist Health and its affiliates with honesty and integrity and makes decisions for the benefit of Baptist Health. Board of Trustee members may not be employed by Baptist Health, nor engaged to provide services to Baptist Health or any of its affiliates in exchange for cash compensation. Conflict free decision making extends beyond the Board members to include transactions that might benefit (I) the private interest of a member or his or her family (II) an organization controlled by a member of his or her family or (III) an organization in which a member or his or her family has a material interest. Since the appearance of a conflict of interest may be as damaging to Baptist Health's reputation as actually permitting a conflict to exist, each voting Board member of Baptist Health and its affiliates has a continuing obligation to disclose any potential conflicts. This continuing obligation is supplemented by an annual certification that the Board member is free from actual or potential conflicts of interest. The annual certification is reviewed by the Vice President of Audit and Compliance and the Chief Compliance Officer who reports directly to the Board. Potential conflicts are further reviewed by the Board's Ethics Committee. If a conflict does exist, the conflicted Board member may be required to (I) resign from the Board (II) eliminate the relationship which gives rise to the conflict or (III) recuse himself or herself from all discussions, votes or actions with regard to the matter creating the actual or potential conflict of interest. CONFLICT OF INTEREST POLICY COMPLIANCE ONE OF BAPTIST HEALTH'S GREATEST ASSETS IS THE INTEGRITY OF ITS VOLUNTEER BOARD MEMBERS. ONE WAY TO ASSURE INTEGRITY IS THE ORGANIZATION'S COMMITMENT TO A STRINGENT CONFLICT OF INTEREST POLICY FOR THEIR GOVERNING BOARDS AND MANAGEMENT. AS A PART OF A ROBUST CONFLICT OF INTEREST POLICY, BOARD MEMBERS MUST ANNUALLY COMPLETE A CONFLICT OF INTEREST DECLARATION FORM. THE AUDIT AND COMPLIANCE DEPARTMENT MONITOR TO ENSURE ALL VOTING MEMBERS SUBMIT THE DECLARATION FORM AND PERFORM NECESSARY RESEARCH TO UNDERSTAND IF A POTENTIAL CONFLICT EXISTS. ALL DISCLOSURES AND THE RELATED RESEARCH ARE SUMMARIZED FOR THE ETHICS COMMITTEE OF THE BAPTIST HEALTH SOUTH FLORIDA, INC. BOARD OF TRUSTEES. ANY DISCLOSURES THAT MAY RESULT IN THE APPEARANCE OF A CONFLICT ARE ADDRESSED BY THE COMMITTEE FOR ITS CONSIDERATION AND RESOLUTION. Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS THAT ARE REQUIRED TO BE OPEN FOR PUBLIC INSPECTION ARE MADE AVAILABLE UPON REQUEST. IN ADDITION, BOTH THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THIRD PARTY WEBSITES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE ON WWW.BAPTISTHEALTH.NET. Form 990, Part VII, Section A REPORTABLE COMPENSATION THE AMOUNTS APPEARING AS REPORTABLE COMPENSATION ON FORM 990 PART VII FOR VOLUNTEER BOARD MEMBERS ARE COMPOSED OF EITHER PAYMENTS FOR SERVICES AS AN ELECTED REPRESENTATIVE OF THE MEDICAL STAFF, NON-CLINICAL SERVICES RENDERED TO BAPTIST HEALTH WHICH MAKE POSSIBLE AN IMPORTANT ADMINISTRATIVE FUNCTION, OR MINOR DISCOUNTS ON CLINICAL SERVICES RECEIVED AT A BAPTIST HEALTH FACILITY. ALL OF THESE AMOUNTS ARE REPORTED IN ACCORDANCE WITH THE RULES AND REGULATIONS PERTAINING TO IRS FORMS W-2 AND 1099 RESPECTIVELY. Form 990, Part VIII, Line 2f Other Program Service Revenue PHARMACY - Total Revenue: 22500, Related or Exempt Function Revenue: 22500, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; PALLIATIVE CARE REVENUE - Total Revenue: 3680869, Related or Exempt Function Revenue: 3680869, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue TELESERVICES REVENUE - Total Revenue: 1652058, Related or Exempt Function Revenue: 1652058, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; OTHER REVENUE - Total Revenue: 7102983, Related or Exempt Function Revenue: 7102983, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part IX, Line 11g Other Fees CLINICAL FEES - Total Expense: 1014758, Program Service Expense: 1014758, Management and General Expenses: , Fundraising Expenses: ; CONSULTING FEES - Total Expense: 34272, Program Service Expense: 34272, Management and General Expenses: , Fundraising Expenses: ; MEDICAL STAFF - Total Expense: 183137, Program Service Expense: 183137, Management and General Expenses: , Fundraising Expenses: ; CONTRACT LABOR - Total Expense: 315772, Program Service Expense: 252618, Management and General Expenses: 63154, Fundraising Expenses: ; SHARED SERVICES - Total Expense: -1209240, Program Service Expense: -967392, Management and General Expenses: -241848, Fundraising Expenses: ; MANAGEMENT FEES - Total Expense: 25550949, Program Service Expense: , Management and General Expenses: 25550949, Fundraising Expenses: ; PURCHASED SERVICES - Total Expense: 29976029, Program Service Expense: 23980823, Management and General Expenses: 5995206, Fundraising Expenses: ; IT SERVICES - Total Expense: 23035584, Program Service Expense: 18428467, Management and General Expenses: 4607117, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer From Fund Restricted - Equipment - 354656; BAPTIST HEALTH MEDICAL GROUP PHYSICIANS 6855 RED ROAD STE 600 CORAL GABLES FL 33143 205155995 PHY. 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