Lvhn Ambulatory Surgery Center of Lopatcong Inc

What it reported doing in 2022

Coordinated health, part of lehigh valley health network (lvhn), is an integrated healthcare system with locations throughout eastern Pennsylvania and western New Jersey. Coordinated health is part of the lvhn referral region for over two million residents of surrounding counties in eastern and northeastern Pennsylvania, and western New Jersey.acquired by lehigh valley health network in december 2019, the former coordinated health facilities are driven by the lvhn mission to heal, comfort and care for the people of our community by providing advanced and compassionate health care of superior quality and value supported by education and clinical research. In addition, these entities have adopted the policies and procedures of lehigh valley health network, including those related to financial assistance programs, charity care, and community health needs.lvhn ambulatory surgery center of lopatcong, inc. Is a state-of-the-art surgery center, opened in late 2018, offers patients in western New Jersey access to same day procedures in dental surgery, ophthalmology, general surgery, gastroenterology, orthopedic surgery, pain management, podiatry, urology and more. Beginning in 2019, the surgery center was able to treat members enrolled in horizon nj health medicaid plans, including division of developmental disabilities (ddd) giving these special needs patients access to highly skilled dental care in warren county. The surgery center is part of an integrated healthcare campus providing quality care to western New Jersey patients and employers, providing access to one of the region's largest team of specialty and fellowship-trained orthopedics, joint replacement, spine, hand & wrist, and foot & ankle physicians. The health campus in phillipsburg, nj also hosts primary care and a care-on-demand walk-in center, a walk-in injury center, physical therapy and advanced imaging.as of june 30, 2023, the operations of lvhn ambulatory surgery center of lopatcong, inc. Merged with lehigh valley hospital, a related 501(c)(3) organization. Upon the merger, the facility was sold to an unrelated third-party.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 40%; rating input score 40; 19th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -765.3%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 10.3%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 3.9% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: -9.3% per year; rating input score 0; 36th percentile among comparable filings
• Asset growth: 2.3% per year; rating input score 100; 55th percentile among comparable filings