2012-05-02T13:49:05-04:00 2011-06-30 PricewaterhouseCoopers LLP 2001 MARKET ST SUITE 1700 PHILADELPHIA PA 19103 990 2010-07-01 231396794 ALBERT EINSTEIN MEDICAL CENTER ALBE 2154566762 5501 OLD YORK ROAD PHILADELPHIA PA 191413018 Mr Gerard Blaney 2012-04-27 true 2673303000 2010 2016-02-24 21:20:13Z BARRY FREEDMAN 5501 OLD YORK ROAD PHILADELPHIA PA 19141 744747894 false X www.einstein.edu X 1953 PA see statement 1 24 15 9128 782 0 15914446 29169718 673538401 678606955 23010598 35049367 1065564 1673024 713529009 744499064 0 0 0 0 370705026 365534509 0 0 2058566 381743586 326422542 752448612 691957051 -38919603 52542013 751346000 819096000 469431000 442637000 281915000 376459000 X The Albert Einstein Healthcare Network is a not-for-profit corporation that controls related organizations in a health care delivery system serving the greater Delaware Valley through sole membership in those related organizations. The Albert Einstein Healthcare Network ("AEHN"), the parent company, together with its related member organizations, comprises the Albert Einstein Healthcare Network ("Network"). Albert Einstein Medical Center ("AEMC") is a controlled organization through sole AEHN membership. AEMC is licensed to operate 575 acute care beds, 197 rehabilitation beds, 138 skilled nursing beds and an outpatient surgical center across three campuses. AEMC HAS AS ITS PRINCIPAL PURPOSE THE FURNISHING OF COMPREHENSIVE MEDICAL SERVICES, INCLUDING DIAGNOSTIC AND CURATIVE MEDICAL CARE, PREVENTIVE MEDICAL CARE, CARE OF THE CHRONICALLY ILL, REHABILITATION OF THE DISABLED AND SEMI-INVALID, DENTAL CARE, PSYCHIATRIC CARE, IMPROVED FACILITIES FOR THE AMBULANT SICK AND FOR CONVALESCENTS, ADE false true 62130 515315965 584211156 AEMC is licensed to operate 575 acute care beds. Tertiary care is provided through two locations, its main campus in North Philadelphia and its campus at Elkins Park. In addition, AEMC operates a 24-hour Level I Trauma Center with an open admissions policy providing emergency services to the community. 621300 68444229 84915897 AEMC is licensed to operate 197 rehabilitation beds. Rehabilitation services are provided in a 41-bed setting on its main campus and 26-bed setting at two other hospitals and in a 130-bed setting at the Elkins Park location. 62300 14429105 9479902 AEMC is licensed to operate 138 skilled nursing beds. AEMC provides skilled nursing care in a 138-bed setting at the Willow Crest location on its main campus. 4927061 Payments to Affiliates 11385148 Research 5108281 OTHER PROGRAM SERVICE EXPENSES 21420490 619609789 true true false false false false false false true true false true false true false false true false false false false false false true false true true false false true true false false false false false false false true false false false false true false false false false true 1561 0 true 9128 true false false false false false false false false false false X 24 15 false false false false true true true true true false false true true true true true true true true true true AL AK AZ AR CA CO CT DC GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X LEONARD WARREN 2154566762 5501 OLD YORK ROAD PHILADELPHIA PA 19141 RICHARD C SHEERR 2.0 X 0 0 0 CAROLE BEN-MAIMON 2.0 X 0 0 0 MATTHEW S LEVITTIES 2.0 X 0 0 0 BRIAN K DERRICK 2.0 X X 0 574966 89617 STEVEN BERK ESQ 2.0 X 0 0 0 A SUSAN BERNINI 2.0 X 0 575589 342198 ARNOLD W COHEN MD 2.0 X 0 496107 108432 GEOFFREY M DUFFINE 2.0 X 0 0 0 ALBERTO ESQUENAZI 2.0 X 0 566921 92251 ABBE F FLETMAN ESQ 2.0 X X 0 0 0 FRANK S JAMES MD 2.0 X 0 328715 122611 JOHN P KORMAN 2.0 X 0 0 0 ELLEN KRAFTSOW-KOGAN 2.0 X 0 0 0 JOSE M MELENDEZ 2.0 X 0 0 0 LAWRENCE S REICHLIN 2.0 X 0 0 0 MARILYN H RIVERS 2.0 X 0 0 0 CARL R CHUDNOFSKY 2.0 X 0 522428 78135 JOHN J KELLY 2.0 X 0 273033 70482 ROBERT P KRAUSS ESQ 2.0 X 0 0 0 ERIC RAYMOND 2.0 X 0 0 0 Mina P Fader 2.0 X 0 0 0 JOSHUA S GROSS 2.0 X 0 0 0 DOUGLAS COSGROVE 2.0 X 0 212058 21889 BARRY R FREEDMAN 2.0 X X 0 1668555 344548 DIANE BENHAYON 2.0 X 0 87230 40369 PENNY REZET ESQ 2.0 X 0 355485 77270 BETH E DUFFY 40.0 X 356157 0 48371 LUANN TRAINER 40.0 X 329611 0 64840 RUTH M LEFTON 40.0 X 334980 0 55058 MARYBETH KINGSTON 40.0 X 305471 0 64416 CYNTHIA M DEGRANDPRE 40.0 X 314315 0 0 BRUCE E BASHWINER 40.0 X 376887 0 61479 JOHN WHYTE 40.0 X 258429 0 99733 STEPHANIE L PRYOR 40.0 X 237361 0 27899 KIM WECHTER 40.0 X 224648 0 18080 JOHN WILLIAMS 40.0 X 210311 0 29961 2948170 5661087 1857639 283 false true false THOMAS JEFFERSON UNIVERSITY HOSPITA 129 SOUTH 9TH STREET PHILADELPHIA PA 19107 REPAIR SERVICES 5292779 PROTOCALL STAFFING 1 MALL DRIVE SUITE 100 CHERRY HILL NJ 08002 TEMPORARY STAFFING 1621449 ARIA HEALTH Knights Red Lion Rd PHILADELPHIA PA 19114 Healthcare Services 1740985 BF HEALTHCARE INC 550 Pinetown Rd Suite 316 FT WASHINGTON PA 19034 Healthcare Services 1817108 ARAMARK CORP PO Box 651009 CHARLOTTE NC 282651009 Food Service 9083463 63 15532 4324 1391647 10109784 13357754 4290677 8406 29169718 ACUTE 621300 584211155 584211155 REHAB SERVICES 621300 84915897 84915897 SKILLED NURSING 623000 9479903 9479903 678606955 19394818 19394818 554655 554655 0 1590910 1590910 1590910 1590910 14978718 -15898 14978718 -15898 15099894 13105985 330944 1391647 248830 82114 82114 0 0 0 744499064 678606955 34728482 0 0 0 0 1774658 1774658 0 0 0 293100620 289698947 3401673 0 14458915 14458915 0 0 35011984 35011984 0 0 21188332 21054293 134039 66674028 0 64615462 2058566 0 625 625 0 0 0 0 888601 888601 0 0 42020356 40727180 1293176 0 200401 200401 0 0 106596152 106542010 54142 0 526873 526873 0 0 0 9917935 9917935 0 0 881983 836570 45413 0 0 206502 199825 6677 0 8335111 8335111 0 0 4927061 4927061 0 0 27955110 27375800 579310 0 18431655 18410625 21030 0 PHILADELPHIA HOSPITAL ASSMNT 21906800 21906800 0 0 BAD DEBT 12528004 12528004 0 0 FEES, LICENCES, DUES 1537153 1537153 0 0 OTHER 2153534 2015760 137774 0 INVESTMENT IMPAIRMENT 734658 734658 0 0 691957051 619609789 70288696 2058566 -15480000 -22187000 15156000 36037000 82556000 85277000 8326000 7445000 40395000 51121000 638629000 433055000 205479000 205574000 343612000 368353000 36238000 47469000 35064000 40007000 751346000 819096000 203454000 172841000 5164000 6271000 144227000 137162000 1179000 694000 115407000 125669000 469431000 442637000 X 189602000 276027000 52875000 55292000 39438000 45140000 281915000 376459000 751346000 819096000 X 52542013 42001987 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92312000 7780000 10551000 10137000 100506000 84369000 6969000 8458000 7484000 92312000 98226000 7783000 -14310000 7330000 84369000 0.44000 0.56000 true false 7059000 7059000 364545000 232163000 132382000 4356000 3024000 1332000 250016000 197868000 52148000 12653000 12653000 205574000 0 0 PROFESSIONAL LIABILITY 125669000 125669000 SCHEDULE D, PART XIV, FIN 48 DISCLOSURE No Adjustments to the Financial Statements were required as a result of the implementation of FIN 48. Temporarily Restricted Funds - used for purposes specified by donors. SCHEDULE D, PART V, LINE 4 Endowments - true endowment funds established by donor gifts and maintained to provide a permanent source of income, generally stipulating that the principal must be invested and kept in tact perpetually while the income generated may be used by the organization. Perpetual Trusts - these are funds held by outside trustees intrust accounts for which AEMC is named as beneficiary. The distributions from these funds support the operations of the organization. Harvest Ball 1017860 844388 173472 248830 AE Society 354741 354741 4 349990 192518 157472 1722591 1391647 330944 248830 248830 82114 true true X true X false false true false true false 15393000 15393000 0.02270 15393000 15393000 0.02270 15261000 11482000 3779000 0.00560 58805000 29290000 29515000 0.04340 12652000 9901000 2751000 0.00400 25000 25000 86743000 50673000 36070000 0.05300 102136000 50673000 51463000 0.07570 true 12527000 144493000 127681000 16812000 X true true 1 1 ALBERT EINSTEIN MEDICAL CENTER

5501 OLD YORK ROAD PHILADELPHIA PA 19141

X X X X X ALBERT EINSTEIN MEDICAL CENTER 1 21 1 EINSTEIN ELKINS PARK

60 East Township Line Road Elkins Park PA 19027

HOSPITAL, GENERAL MEDICAL & SURGICAL, TEACHING, RESEARCH AND ER-24 HOURS 2 MOSSREHAB HOSPITAL

60 EAST TOWNSHIP LINE RD ELKINS PARK PA 19027

Teaching, Research and Rehabilitation 3 MOSSREHAB HOSPITAL

1200 West Tabor Rd Philadelphia PA 19141

Teaching, Research and Rehabilitation 4 Willowcrest

5501 Old York Road Philadelphia PA 19141

Skilled Nursing 5 Einstein Center One

9880 Bustleton Ave Philadelphia PA 19115

Outpatient 6 Mossrehab Sacred Heart

421 Chew Street Allentown PA 18102

Teaching and Skilled Nursing 7 Mossrehab Aria Bucks

380 Oxford Valley Road Langhorne PA 19047

Teaching and Rehabilitation 8 MOSSREHAB Aria Frankford

Frankford Wakeling Streets Philadelphia PA 19124

Teaching and Rehabilitation 9 MOSSREHAB

135 South Broad Street Woodbury NJ 08096

Teaching and Rehabilitation 10 Einstein Germantown

One Penn Boulevard Philadelphia PA 19144

Hospital and ER-24 Hours 11 MOSSREHAB

201 Old York Road Jenkintown PA 19046

Teaching and Rehabilitation 12 MOSSREHAB

9880 Bustelton Ave Philadelphia PA 19115

Teaching and Rehabilitation 13 MOSSREHAB

9892 Bustleton Ave Philadelphia PA 19115

Teaching and Rehabilitation 14 MOSSREHAB

2400 Market Street Philadelphia PA 19103

Teaching and Rehabilitation 15 Mossrehab

One Penn Blvd Philadelphia PA 19144

Teaching and Rehabilitation 16 Mossrehab

721 Skippack Pike Blue Bell PA 19422

Teaching and Rehabilitation 17 Mossrehab

7612 Dugan Road Philadelphia PA 19111

Teaching and Rehabilitation 18 MOSSREHAB

1600 Manor Drive Chalfont PA 18914

TEACHING AND REHABILITATION 19 MOSSREHAB

7198 Castor Ave PHILADELPHIA PA 19149

TEACHING AND REHABILITATION 20 MOSSREHAB

7198 CASTOR AVE PHILADELPHIA PA 19149

TEACHING AND REHABILITATION 21 Willow Terrace

One Penn Boulevard Philadelphia PA 19144

Teaching and Long Term Care PREAMBLE TO SCHEDULE H, PART VI PART VI A separate Form Schedule H is filed in the return of Albert Einstein Medical Center ("AEMC") and in the return of Belmont Center for Comprehensive Treatment ("Belmont"). AEMC and Belmont are wholly-owned constituent entities of Albert Einstein Healthcare Network ("AEHN"), their parent company. Amounts provided in AEMC's Form Schedule H and in Belmont's Form Schedule H, Parts I through III, pertain to their respective operations. Narratives in Part VI of each of these Schedule H forms refer to AEHN rather than AEMC or Belmont because Albert Einstein Healthcare Network's commitment, policies and practices as they relate to community needs, providing health benefits and providing other community benefits is the same across all of its constituent entities. Part I, line 3c DID THE ORGANIZATION USE FPG TO DETERMINE ELIGIBILITY FOR DISCOUNTED CARE? The answer to 3b is "no" because FPG is not AEHN's basis for extending discounted care. Discounted care is extended to all patients who are uninsured regardless of their income level under AEHN's Uninsured Discount Policy. The purpose of Uninsured Discounted Care is to reduce hospital charges to an amount that is comparable to what is received from government and insurance company payers. To this end, an Uninsured Discount Fee Scale has been established. The rates in this Fee Scale have been established at amounts comparable to amounts received from third party payers for a variety of services. Such amounts are generally set at rates higher than Medical Assistance payment rates and lower than Commercial Insurance payment rates. Part I, line 6a COMMUNITY BENEFIT REPORT AEHN prepares an annual Community Benefit Report; however, it is not publicly circulated. It is provided as a presentation to the Quality Assurance Committee of the AEHN Board. The Community Benefit Report presentation provides information on AEHN's service delivery area, cost of charity care, unreimbursed Bad Debts and amounts of funding for community programs - both AEHN's internal funding as well as external funds obtained through government and private grants. The presentation lists the many community health improvement programs provided through AEHN's outreach initiatives. Some of the larger initiatives and programs are as follows: 1.) Behavioral Health - "Long Term Structured Residence", school programs, and community support groups, 2.) Cancer Center - screening, education and support groups. The National Cancer Institute has named AEHN as one of only thirty medical centers in the nation as a National Community Cancer Center site to reduce healthcare disparities, improve clinical trials access and enhance the quality of care, 3.) Community Health - health screening through 49 community events touching 2,200 residents informational events and local ethnic outreach programs such as the Korean Community Outreach with advisory board participation and student internship programs. 4.) Geriatrics - "Premier Years" - a program providing health education and insurance counseling for the aged through its "APPRISE" program 5.) Diabetes - "Gutman Diabetes Institute" providing screening, education and insurance counseling, Living with Diabetes Program, recognized by the American Diabetes Association, empowers diabetes sufferers with the knowledge and skills to self manage their diabetes and helps reduce the risk of developing diabetes related complications to enjoy a better quality of life. Diabetes sufferers complete a series of classes learning about nutrition, exercise, preventing complications, risk reduction, and proper monitoring with a follow-up component. These patients often have low literacy, very poor vision or poor hearing. Interpreters are provided for all program participants. Participants without insurance are given counseling, free weekly clinic visits, glucose meters and strips. Moms with Meters are classes offered for pregnant women with diabetes or gestational diabetes. Community Diabetes Management trains mental healthcare workers to provide diabetes management in community settings, 6.) Rehabilitation - "Voices of MossRehab Aphasia Center" providing peer support for caregivers and others and "Camp Independence" providing activities for persons with stroke, cerebral palsy, Paraplegia, brain injury or MS. Stroke Alert Day where over 800 persons received stroke risk assessments in eight locations in the Philadelphia region. 7.) Women's and Children's Health Services - parenting and school based education and nutritional programs, teen peer education programs, pediatric clinic support, the "Victor Center for Jewish Genetic Diseases", "Women in Need Program" and Families Understanding Nutrition A to Z, 8.) Volunteer and Chaplaincy Services - educational tours and school and summer programs for area children. This Community Benefit Report for the Board will serve for developing a community benefit report tailored to communicating the Einstein benefits to the community at large. Part I, line 7,column (f) The amount of bad debt expense included in Part IX, line 25, column (A), but subtracted for purposes of calculating the percentage in this column is $12,527,000. Part III, line 4 RATIONALE AND COSTING METHODOLOGY IN DETERMINING BAD DEBT The provision for doubtful accounts reported on Line 2 is equal to the write off of uncollected accounts valued at the Uninsured Discount Fee Scale amount due from uninsured patients. The provision also includes write offs of uncollected deductibles and copayments due from insured patients under their individual policies. The provision, stated at the amount expected to be collected from patients under AEHN's Uninsured Fee Scale, or under the patient's insurance policy, is the basis for reporting bad debts in the financial statements as an expense. Such reporting is Generally Accepted Accounting Principles as established by Hospital Financial Management Association ("HFMA") Statement Number 15. The amount expected to be collected approximates cost that would have been determined under the ratio of costs to charges methodology. This is the amount reported in Part III, Section A, line 2. Part III, line 4 TEXT OF FINANCIAL STATEMENTS DESCRIBING BAD DEBT EXPENSE AEHN's Provision for Bad Debts is disclosed in its footnote 2, Significant Accounting Policies, under the sub caption Charitable Medical Care Provided, the second paragraph, as follows: "The Network maintains records to identify and monitor the level of charity care provided. These records include the amount of charges forgone for services and supplies furnished. Such amounts have been excluded from net patient service revenue. Management estimates the cost of unreimbursed charity care provided by the network approximated $19.2 million in 2011.... such amounts have been excluded from net patient service revenue. These amounts do not include the provision for bad debts, amounting to $18.0 million.... for amounts due from patients but not collected for the years ended June 30, 2011...." Part III, line 4 RATIONALE FOR INCLUDING BAD DEBT IN COMMUNITY BENEFIT AEHN has a system-wide Charity Care Policy and Uninsured Discount Policy. It has detailed administrative procedures established for qualifying and enrolling patients for charity care or uninsured discounts. It utilizes various mechanisms to inform and educate patients about their eligibility for assistance (Schedule H, Part VI, Line 3 discussion). Despite AEHN's best efforts, patients who need subsidized care may neither seek charity care assistance nor choose to enroll in Pennsylvania's Medical Assistance program. The urgency of some treatments, certain provisions in federal regulations, and most importantly, AEHN's preeminent mission to provide care regardless of ability to pay, requires patient care first, reimbursement second. For these and other reasons, AEHN believes a portion of its bad debt expense as reported on Part III, line 3 represents charity care consistent with its charitable healthcare mission; however it is not possible at this time to measure this. HFMA Statement No.15 recognized that the appropriate classification of charity care and bad debt is often difficult. Consistent with the provisions of HFMA Statement No. 15, and also with instructions to Schedule H Part I, bad debt has not been included in any measurement of charity or community benefit costs. Part III, line 8 COSTING METHODOLOGY TO DETERMINE MEDICARE ALLOWABLE COSTS AEHN and its constituent entities that file cost reports determine Medicare allowable costs based on the Medicare Provider Reimbursement Manual, Section HIM 15. Part III, line 8 EXTENT TO WHICH A MEDICARE SHORTFALL SHOULD BE TREATED AS COMMUNITY BENEFIT Consistent with the charitable healthcare mission of AEHN and the community benefit standard set forth in IRS Revenue Ruling 69-545, AEHN provides care for all patients covered by Medicare. Such care is provided regardless of whether Medicare reimbursement meets or exceeds the costs in X false true X X X X X X false true false false false false false true false PENNY REZET ESQ 0 267175 0 58531 0 29779 0 53178 0 24092 0 432755 0 27500 BRIAN K DERRICK 0 376704 0 80305 0 117957 0 63696 0 25921 0 664583 0 39250 A SUSAN BERNINI 0 468200 0 70500 0 36889 0 313663 0 28535 0 917787 0 45500 ARNOLD W COHEN MD 0 415293 0 73561 0 7253 0 88255 0 20177 0 604539 0 42500 ALBERTO ESQUENAZI 0 472594 0 85285 0 9042 0 69444 0 22807 0 659172 0 50500 FRANK S JAMES MD 0 320245 0 0 0 8470 0 52239 0 70372 0 451326 0 0 BETH E DUFFY 290459 0 34539 0 31159 0 44491 0 3880 0 404528 0 21000 0 LUANN TRAINER 257482 0 47521 0 24608 0 42115 0 22725 0 394451 0 26500 0 RUTH M LEFTON 264932 0 41527 0 28521 0 41391 0 13667 0 390038 0 20500 0 MARYBETH KINGSTON 245524 0 35015 0 24932 0 41717 0 22699 0 369887 0 19000 0 BRUCE E BASHWINER 247439 0 106016 0 23432 0 38776 0 22703 0 438366 0 17500 0 CYNTHIA M DEGRANDPRE 225217 0 61999 0 27099 0 33564 0 24657 0 372536 0 0 0 JOHN WHYTE 253241 0 0 0 5188 0 29607 0 70126 0 358162 0 0 0 STEPHANIE L PRYOR 237271 0 0 0 90 0 7114 0 20785 0 265260 0 0 0 CARL R CHUDNOFSKY 0 454523 0 57500 0 10405 0 56193 0 21942 0 600563 0 37500 JOHN J KELLY 0 265965 0 0 0 7068 0 26902 0 43580 0 343515 0 0 KIM WECHTER 222868 0 1780 0 0 0 5015 0 13065 0 242728 0 0 0 JOHN WILLIAMS 210173 0 0 0 138 0 0 0 0 0 210311 0 0 0 DOUGLAS COSGROVE 0 206960 0 1200 0 3898 0 19826 0 2063 0 233947 0 0 BARRY R FREEDMAN 0 831976 0 165000 0 671579 0 319336 0 25212 0 2013103 0 365159 SCHEDULE J, PART I, LINE 1b Long term disability benefits are provided to certain key employees. These employee's wages are "grossed up" at their individual tax rates to provide the full value of the benefit since this benefit is reflected in their W2s as taxable wages. In addition, a residence allowance was provided to the Chief Financial Officer. His wages were grossed up to reimburse his full cost of his residential accommodations since his reimbursed cost was reflected in his W2 wages as taxable wages. SCHEDULE J, PART I, LINE 4b Barry Freedman and Susan Bernini participate in a 457 (F) supplemental non qualified retirement plan. Barry Freedman received $365,000 from such plan. SCHEDULE J, PART I, LINE 7 The organization has in place a pay for performance plan where certain executives may earn a percentage of such individual executive's base salary, depending upon whether he or she achieves individual goals set in advance and whether the organization meets a financial performance threshold. The actual payment made depends upon whether all or a portion of the goals have been achieved in the time frame specified. The decision as to whether incentive compensation is awarded to the eligible executives is made by the compensation committee. PA ECONOMIC DEVELOPMENT FINANCING AUTHORITY 236003102 70868WAJ2 2009-06-18 146329977 REFINANCE A COMMERCIAL BRIDGE false false false 7305000 146329977 14866536 2382695 129314284 false false true true false true false false true 0.01230 0.00000 0.01230 true false false false false false true X 1 2500 Donor Valuation X 11 62304 Selling Price X 5 7748 Donor Valuation X 12 5751 Donor Valuation X Medical Equipment 2 0 No Valuation Given X Miscellaneous 14 6103 Donor Valuation false true false FORM 990,PART III, LINE 3 In July 2010, AEMC sold its Long Term Care facility - Willow Terrace. FORM 990, PART VI, SECTION A, LINES 6, 7A & 7B As per the Articles of Incorporation, the sole member for Albert Einstein Medical Center IS ALBERT EINSTEIN HEALTHCARE NETWORK, a PA nonprofit corporation. As SOLE member, ALBERT EINSTEIN HEALTHCARE NETWORK holds certain powers of election and approval in connection with the governing body. These powers are presented in detail in the ORGANIZATIONs governing documents which the ORGANIZATION makes available to the public upon request. FORM 990,PART VI, LINE 11A The Form 990 is prepared in connection with Albert Einstein Healthcare Network's independent accounting firm, PricewaterhouseCoopers LLP and is reviewed internally by Albert Einstein Healthcare Network's management. The Form 990 is then provided to the Audit Committee of the Governing Body for review and approval before filing. FORM 990,PART VI, LINE 12C In accordance with Organization Policy, each member of the Board of Trustees, all Key employees and officers are required to complete a comprehensive conflict of interest disclosure for review by the Governance Committee of the Board of Trustees. Any actual or potential conflicts of interest are discussed and resolved in accordance with specific guidelines and reported to the Board of Trustees. FORM 990 PART VI, LINE 15A & 15B The Board of Trustees of Albert Einstein Healthcare Network, the sole member of AEMC, is responsible for compensation matters and has delegated the responsibility for compensation to the compensation committee of the AEHN Board of trustees. Independent members of the Compensation Committee review and approve the compensation for the CEO and all other officers and key employees of ALBERT EINSTEIN MEDICAL CENTER. The Compensation Committee requires that one or more independent compensation experts review the compensation of all such persons to determine that such compensation is appropriate and reasonable and such independent expert uses applicable comparability data. The Committee reviews the reports of the independent experts in detail and documents the data reviewed, the deliberation and discussion contemporaneously. The Decision as to whether incentive compensation is awarded to the eligible executives is made by the comp committee. Form 990, Part VI, Section C, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Form 990, Part X, Line 20 The Series '09 Bonds are owned by Albert Einstein Healthcare Network (EIN 23-2290323): the debt is recorded on the books of the following affiliated companies: - Albert Einstein Medical Center (EIN 23-1396794) @ 97.272% - Belmont (EIN 23-1352200) @ 2.728% FORM 990, PART XI, Line 5 Change in Net Unrealized gains on Investments 18,227,581 Increase in Pension Provision 23,774,406 ------------ 42,001,987 ============ ALBERT EINSTEIN HEALTHCARE NETWORK 5501 OLD YORK ROAD PHILADELPHIA PA 19141 232290323 HEALTHCARE PA 501(C)(3) 11B NA GHMC MANAGEMENT INC 101 E Olney Avenue Philadelphia PA 19141 232225809 HEALTHCARE PA 501(C)(3) 11a AEHN FRIENDS OF MOSS REHAB 12th streets tabor road philadelphia PA 19141 222483287 HEALTHCARE PA 501(C)(3) 11a AEHN BELMONT CTR FOR COMPREHENSIVE TREATMENT 4200 monument road philadelphia PA 19131 231352200 HEALTHCARE PA 501(C)(3) 3 AEHN EINSTEIN COMMUNITY HEALTH ASSOCIATES 5501 old york road philadelphia PA 19141 232760086 HEALTHCARE PA 501(C)(3) 11a AEHN EINSTEIN PRACTICE PLAN INC 5501 old york road philadelphia PA 19141 232664784 HEALTHCARE PA 501(C)(3) 11a AEHN EINSTEIN MEDICAL CENTER MONTGOMERY 5501 OLD YORK ROAD PHILADELPHIA PA 19141 204193243 HEALTHCARE PA 501(C)(3) 3 AEHN MONTGOMERY HOSPITAL 1301 Powell Street Norristown PA 19401 231352193 HEALTHCARE PA 501(C)(3) 3 AEHN MONTGOMERY HEALTH FOUNDATION 1330 Powell Street Suite 309 Norristown PA 19401 222456265 Hosp Support PA 501(C)(3) 11B AEHN FORNANCE PHYSICIAN SERVICES INC 1330 Powell Street Suite 509 Norristown PA 19401 232275991 HEALTHCARE PA 501(C)(3) 11A AEHN MONTGOMERY HOSPITAL WORKERS COMPENSATION 1301 Powell Street Norristown PA 19401 232351775 HEALTHCARE PA 501(C)(3) 11A AEHN BROADLINE RISK RETENTION GROUP 100 Bank Street Burlington VT 05401 272583356 INSURANCE VT 501(C)(3) 11A AEHN MONTGOMERY HOSPITAL SELF INSURED TRUST 1301 Powell Street Norristown PA 19401 556151681 INSURANCE PA 501(C)(3) 11A AEHN REHAB VENTURES INC 1200 W Tabor Road Philadelphia PA 19141 232619394 HOLDING COMPA PA AEMC C CORP -1927 1847905 1.00000 EINSTEIN HEALTHCARE SYSTEMS INC 101 Olney Avenue Philadelphia PA 19120 232314938 HOLDING COMPANY PA AEHN C CORP 3785 1490502 1.00000 CMMC INC 15 W Wood Street Norristown PA 19401 232256479 RENTAL PROPERTIES PA AEHN C CORP 444210 1295767 1.00000 false true true false false false false false true false false false false false false true false false