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Causes: Insurance Providers
Programs: Self insurance fund - novant health, inc. Primarily serves to fund the general and professional liability claims levied against the 501(c)(3) organizations which comprise novant health's integrated healthcare system. The assets, liabilities and investment earnings of the self insurance fund are accounted for in the general ledger of the parent's books. The malpractice insurance expense that is associated with the claim liability is accounted for in the general ledger of each benefited affiliate's books. Activity for the fund is reported on the novant health, inc. Self insurance trust's form 990 return and is removed from the parent and affiliate's books via intercompany eliminations.