Mission: Inova health system foundation, the parent company of inova health system. Inova health system (inova) provides healthcare and related services throughout northern virginia and the greater metropolitan washington, d. C. Area, including certain contiguous counties of virginia and maryland.
Programs: Inova health system foundation (ihsf), the parent company of inova health system, is a non-stock, not-for-profit corporation exempt from federal income taxes under the provisions of section 501(c)(3) of the internal revenue code. Inova health system (inova) provides healthcare and related services throughout northern virginia and the greater metropolitan washington, d. C. Area, including certain contiguous counties of virginia and maryland. Since its initiation by citizen-volunteers in 1956, inova and its affiliates have grown to meet the changing needs of a diverse and growing population. As a not-for-profit organization, inova does not have shareholders. It is governed by the people it serves: members of the community. This model of governance helps to ensure that inova meets the diverse healthcare needs of the communities it serves. In keeping with inova's community service mission, inova and its affiliates provide a wide range of programs and services which directly benefit the community they serve. These include:providing the highest quality medical care to all members of the community, regardless of their financial resources. Providing free and below cost health services to meet the identified needs of targeted community groups, such as: the indigent and elderly; victims of cancer, heart disease, and stroke; persons affected by substance abuse; hiv-positive individuals; and others. Providing uncompensated care in accordance with inova policies which ensure access to medically necessary care for all individuals. Charity care is defined as free or discounted healthcare services provided to persons who cannot afford to pay. Inova health system is one of the largest providers of uncompensated care in virginia. Providing health education and a variety of other services to the community. Training health professionals and participating in medical research activities. Ihsf is comprised of: inova health system foundation (foundation), a parent company, which also serves as a charitable foundation, raising funds to support inova's tax-exempt entities. The foundation operates in accordance with inova's articles of incorporation, which provide that all funds raised, except for those required for the operations of the foundation, be distributed or held in support of the charitable objectives and mission of inova and its tax-exempt subsidiaries. Funds raised are channeled to the community in the form of expanded medical and other community services. During 2014, foundation funds were used to support inova fairfax hospital's women's and children's services and its neonatology program, the life with cancer support and educational program, the forensic assessment consultation team (fact) program, and many other programs and services. In addition, donated funds were used in 2014 to support many other inova programs including inovacares clinics for women and children and the kellar center's behavioral services program. Inova health care services (ihcs) is a not-for-profit corporation that operates hospital facilities, programs, and other shared service arrangements and carries on education and research activities. As of december 31, 2014, ihcs operated four hospitals, having a total of 1,570 licensed hospital beds in fairfax county, virginia - inova fairfax hospital (fairfax), inova mount vernon hospital (mount vernon), inova alexandria hospital and inova fair oaks hospital (fair oaks). Each of these hospitals provides general acute care services, including emergency room facilities, inpatient and outpatient services, and a varying number of ancillary and specialized services based on the needs of the community. Ihcs and its subsidiaries provide long-term care and behavioral health services. Long term care is provided through inova assisted living, a transitional living facilities provider and through elderlink, a cooperative program providing case management services to older adults. In addition, comprehensive addiction treatment services provides services to adults suffering from alcohol and other chemical dependencies. The kellar center provides treatment for children and adolescents with substance abuse and behavioral and emotional problems. Ihcs is also the parent company of four free-standing 24-hour emergency centers, which are affiliated with its hospitals, and operates the inova research center, which provides a quality arena for professional education and clinical research. In addition, ihcs operates inova alexandria foundation a charitable foundation. Loudoun hospital center (lhc) is a not-for-profit corporation organized to promote the health and well-being of loudoun county, virginia, and surrounding areas. Lhc operates loudoun hospital center (a 183-bed hospital), loudoun nursing and rehabilitation center, loudoun healthcare foundation and other healthcare related facilities. Inova vna home care (ivna) is a not-for-profit corporation that provides quality home care designed to improve the health of the diverse community it serves. Imanco, inc. Is a not-for-profit management services company that provides executive management oversight to ihsf and its principal affiliates. Intotal health, llc is a medicaid managed care health insurance plan that is licensed by the commonwealth of virginia. The plan serves approximately 58,000 temporary assistance for needy families, children's health insurance program recipients, and supplemental security income/aged, blind and disabled members through the medallion 3. 0 and family access to medical insurance security programs. The plan's network includes primary care and specialist physicians, hospitals, nursing facilities, home health care agencies, and other medical providers who provide medical care as well as assist in the coordination of member care. The plan provides case management and outreach services to its members in order to assess their needs and to help coordinate their care with the healthcare system and community. Inova holdings, inc. (ihi) is the parent holding company for various taxable entities within inova including technical dynamics inc. , a biomedical equipment maintenance and engineering company. Ihi and its subsidiaries operate facilities providing a variety of health care and support services to patients and to affiliated health care providers. Program servicesphilanthropy is critical to inova's mission. There are 528 philanthropic funds in inova's foundation including 369 funds with the inova health foundation, 89 funds with the inova alexandria hospital foundation, and 70 funds with the inova loudoun hospital foundation. This broad range of philanthropy helps inova stay on the forefront of medical advances, develop new programs to meet changing needs and provide affordable healthcare to all who need it. Programs supported include partnership for healthier kids (phk), serving 4,034 children in 2014; the inova juniper program serving more than 1,700 persons living with hiv; and the life with cancer program with 32,268 service hours spent with patients. Total support provided in 2014 to the community and inova programs was approximately $12 million.
investment management fees of $11 million are related to investments that inova health system foundation utilizes to provide healthcare and related services throughout northern virginia and the greater metropolitan washington, d. C. Area. The fees are calculated based on the market value of the investments times basis points established in each contract. The rates on these contracts apply until a new rate is negotiated.
the foundation maintains auxiliary services at the hospitals for the purpose of operating gift and thrift shops that provide support to the hospitals within the system. The auxiliaries receive commissions from various fundraising activities. The cost associated with the auxiliaries was $2 million in 2014.