Financing Your EHR Implementation - hp.com · Financing Your EHR Implementation ...

14
!"#$#%"#& ()*+ ,-. /012303#4$4")# 514")#6 4) 7+"8&3 493 :..: +3"07*+6303#4 &$1 ;9"43 1$13+ !"#$% '( )'*+%*+, ,<3%*4"=3 6*00$+> ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? @ /#4+)8*%4")#???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? A B$>"#& C)+ ,-. "#=36403#46 "# $8=$#%3 )C "#%3#4"=36???????????????????????????????????????????????????????????????????????????????????????????????????????????????????? A B+32"0"#$+"36 ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? D E3"#& 1+31$+38 4) 4$F3 $8=$#4$&3 )C "#%3#4"=36 $#8 C"#$#%"#&?????????????????????????????????????????????????????????????????????????????????????????????????? D :6636603#4?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? G ,64$72"69"#& $ 7$632"#3 C)+ C"#$#%"#& 83%"6")#6 ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? G 514")#6 ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? H I9))6"#& 493 +"&94 1$>03#4 =39"%23 C)+ >)*+ 1+$%4"%3???????????????????????????????????????????????????????????????????????????????????????????????????????????????????? H I)#%2*6")# ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? J@ :7)*4 -B C)+ 93$249%$+3 ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JA !)+ 0)+3 "#C)+0$4")# ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JA K)436 ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JD

Transcript of Financing Your EHR Implementation - hp.com · Financing Your EHR Implementation ...

!"#$#%"#&'()*+',-.'/012303#4$4")#''

514")#6'4)'7+"8&3'493':..:'+3"07*+6303#4'&$1''

'

'

;9"43'1$13+'' '

!"#$%&'(&)'*+%*+,&

,<3%*4"=3'6*00$+> ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? @

/#4+)8*%4")#???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? A B$>"#&'C)+',-.'"#=36403#46'"#'$8=$#%3')C'"#%3#4"=36???????????????????????????????????????????????????????????????????????????????????????????????????????????????????? A

B+32"0"#$+"36 ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? D E3"#&'1+31$+38'4)'4$F3'$8=$#4$&3')C'"#%3#4"=36'$#8'C"#$#%"#&?????????????????????????????????????????????????????????????????????????????????????????????????? D

:6636603#4?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? G ,64$72"69"#&'$'7$632"#3'C)+'C"#$#%"#&'83%"6")#6 ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? G

514")#6 ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? H I9))6"#&'493'+"&94'1$>03#4'=39"%23'C)+'>)*+'1+$%4"%3???????????????????????????????????????????????????????????????????????????????????????????????????????????????????? H

I)#%2*6")# ???????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? J@

:7)*4'-B'C)+'93$249%$+3 ????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JA

!)+'0)+3'"#C)+0$4")#?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JA

K)436 ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? JD

'

'

'''

'@'

,<3%*4"=3'6*00$+>'

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

'

'A'

/#4+)8*%4")#'

B$>"#&'C)+',-.'"#=36403#46'"#'$8=$#%3')C'"#%3#4"=36'

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

'''

'D'

B+32"0"#$+"36'

E3"#&'1+31$+38'4)'4$F3'$8=$#4$&3')C'"#%3#4"=36'$#8'C"#$#%"#&'

E3C)+3'2))F"#&'$4'C"#$#%"#&Q'73'6*+3'>)*X+3'1)6"4")#38'C)+',-.'"#%3#4"=3'1+)&+$0'1$+4"%"1$4")#?'L#83+64$#8'R93#'>)*'#338'4)'$%4Q'R9$4'>)*'#338'4)'C"#$#%3'$#8'9)R'4)'U*$2"C>'C)+'493'1+)&+$0?''

&!-.-*/&-,&%0%12+3-*/&

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

'!"&*+3'J^'B9>6"%"$#'/#%3#4"=3'B+)&+$0'Y"2364)#36'

'

'

(3$+'J'1$>03#46'64)1'$7+*142>')#'!37+*$+>'@NQ'@MJ@Q'6)'C"#$#%"#&'$#8'"012303#4$4")#'"#'@MJJ'$+3'%+"4"%$2'4)'+3%3"=3'493'0$<"0*0'73#3C"4')C'C"=3'>3$+6')C'1$>03#46?'B$>03#46'C)+'Y38"%$+3'19>6"%"$#6'3#8'"#'@MJGQ'6)'49$4'8)36#X4'23$=3'0*%9'4"03'4)'73#3C"4?':#8'1$>03#46'8+)1'7>'SDQMMM'"#'@MJ@Q'@MJA'$#8'@MJD'O$#8'7>'S@QMMM'"#'@MJZPQ'6)'493'3$+2"3+'>)*'73&"#'4)'%)223%4'4930Q'493'&+3$43+'493'73#3C"4'49+)*&9'493'%)*+63')C'493'1+)&+$0?'''!3-*4&#%2'*5&,'(+6"1%&

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`'3#$72"#&'$'+32"$723Q'63%*+3Q'9"&9W13+C)+0"#&',-.'"012303#4$4")#'49$4'$26)'%)646'2366'4)'0$"#4$"#'$#8'6*11)+4'49$#')#3'7$638')#')283+'43%9#)2)&>?'/#'12$##"#&'C)+'C"#$#%"#&Q'493+3C)+3Q'12$#'C)+'$#'"#=36403#4'#)4')#2>'"#'6)C4R$+3Q'7*4'$26)'"#'493'9$+8R$+3'49$4'R"22'3#$723'49$4'6)C4R$+3'4)'832"=3+')#'"46'C*22'1)43#4"$2?'T9"6'%$#'"#C2*3#%3'493'C"#$#%"#&'=39"%23'>)*'%9))63Q'$6'834$"238'64$+4"#&')#'1?'G')C'49"6'1$13+?''

'

'Z'

&

<$-/-#-$-+2&1%=>-1%.%*+,&

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a*$2"C"38'-3$249'I3#43+')+'.*+$2'-3$249'I2"#"%'238'7>'$'19>6"%"$#'$66"64$#4?'T93>'0*64'$26)'0334')#3')C'493'C)22)R"#&'613%"C"%'%+"43+"$^'

• -$=3'$'0"#"0*0'AM\'Y38"%$"8'1$4"3#4'=)2*03V'

• !)+'138"$4+"%"$#6Q'9$=3'$'0"#"0*0'@M\'Y38"%$"8'1$4"3#4'=)2*03V')+'

• B+$%4"%3'1+38)0"#$#42>'"#'$'!383+$22>'a*$2"C"38'-3$249'I3#43+')+'.*+$2'-3$249'I3#43+'$#8'9$=3'$'0"#"0*0'AM\'1$4"3#4'=)2*03'$44+"7*4$723'4)'#338>'"#8"="8*$26?'H'

'?%/-,+1"+-'*&1%=>-1%.%*+,&

;93#'>)*'+3&"643+'>)*+'1+$%4"%3'C)+'493'1+)&+$0'"#'@MJJQ'>)*'R"22'#338'4)'0334'493'C)22)R"#&'+3U*"+303#46?'/C'>)*'8)#X4Q'="6"4'RRR?%06?&)='C)+'0)+3'"#C)+0$4")#')#'9)R'4)'0334'4930?':26)'%93%F'493'6"43'C)+'$##)*#%303#4')C'613%"C"%'8$436'C)+'+3&"64+$4")#?'

• :'K$4")#$2'B+)="83+'/83#4"C"3+'OKB/P'

• ,#+)2203#4'"#'493'IY]'B+)="83+',#+)2203#4Q'I9$"#'$#8'5R#3+69"1']>6430'OB,I5]PQ'*#2366'>)*'$+3'1$+4"%"1$4"#&'"#'493'Y38"%$"8'1+)&+$0')#2>'

• :#'$%4"=3'*63+'$%%)*#4'"#'493'K$4")#$2'B2$#'$#8'B+)="83+',#*03+$4")#']>6430'OKBB,]P''

'G'

:6636603#4'

,64$72"69"#&'$'7$632"#3'C)+'C"#$#%"#&'83%"6")#6'

;93#'>)*'4$F3'"#4)'$%%)*#4'$22'493'1)43#4"$2'%)01)#3#46')C'$'%)012343',-.'"012303#4$4")#'O,-.'6)C4R$+3Q'9$+8R$+3'4)'6*11)+4'"4')14"0$22>Q'"012303#4$4")#'63+="%36PQ'493'6%)13')C'493'"#=36403#4'>)*'0$>'73'0$F"#&'73%)036'$11$+3#4'=3+>'U*"%F2>?'T9"6'6%)13'0$>'=$+>'6)03R9$4'8313#8"#&')#'R93493+'>)*'$+3')13+$4"#&'"#'$'4+$8"4")#$2'%2"3#4b63+=3+'3#="+)#03#4Q'$';37W7$638'3#="+)#03#4'R"49'2366'3<43#6"=3'9$+8R$+3'#3386')+'$'9)6438'3#="+)#03#4'R"49'2"4423')+'#)'6)C4R$+3'"#=36403#4'`'7*4'"4X6'2"F32>'4)'73'6"&#"C"%$#4'"#'$#>'%$63?':66366"#&'>)*+'1+$%4"%3X6'C"#$#%"$2'+3$8"#366'C)+'$#'"#=36403#4'"#',-.'43%9#)2)&>'"6'493'C"+64'6431'4)'4$F3'73C)+3'>)*'%$#'0$F3'$#'"#C)+038'83%"6")#'$7)*4'9)R'4)'C"#$#%3'"4?'T93'C)22)R"#&'$+3'U*364")#6'4)'%)#6"83+'"#'%)#6*24$4")#'R"49'>)*+'C"#$#%"$2'$8="6)+6?'

!"&*+3'@^'Y38"%$2'B+$%4"%3'!*#8"#&'c3%"6")#'T+33'

'

'

'

'H'

514")#6'

I9))6"#&'493'+"&94'1$>03#4'=39"%23'C)+'>)*+'1+$%4"%3'

-)R'4)'1$>'C)+',-.'43%9#)2)&>'*#4"2'C383+$2'"#%3#4"=3'1$>03#46'$++"=3'8313#86')#'>)*+'1+$%4"%3X6'613%"C"%'6"4*$4")#?'T93'C)22)R"#&'836%+"736'493'0$"#'%9)"%36'49$4'$+3'$=$"2$723'4)'>)*Q'+3="3R6'493'1+)6'$#8'%)#6')C'3$%9Q'$#8'6*&&3646'U*364")#6'4)'%)#6"83+'73C)+3'0$F"#&'$'83%"6")#?''

'

@",3&A>1)3",%&

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d':26)Q'"C'>)*X+3'49"#F"#&')C'*6"#&'%$69'4)'$=)"8'9$="#&'2)#&W43+0'2)$#')+'23$63'1$>03#46'C)+'#3R'6)C4R$+3'$#8'9$+8R$+3Q'F331'"#'0"#8'49$4'>)*'0$>'73'$723'4)'$++$#&3'C)+'$'2)$#')+'23$63'49$4'R"22'83C3+'+31$>03#4'C)+'$'13+")8')C'4"03?'!"#$22>Q'+303073+'49$4'R93#'>)*'1$>'%$69Q'>)*'$26)'0"66')*4')#'$8=$#4$&36')C'9$+8R$+3'0$#*C$%4*+3+'C"#$#%"#&'6*%9'$6'12$##"#&'C)+'R9$4'4)'8)'R93#'3U*"103#4'+3$%936'493'3#8')C'"46'*63C*2'2"C3?'

'

''e3>'U*364")#6^'

• -)R'0*%9'%$69'8)'>)*'9$=3'$=$"2$723d'/6'"4'3#)*&9'4)'1$>'C)+'493',-.'6>6430'$#8'64"22'9$=3'6)03'%$69'+363+=36d''

• -)R'0*%9'R"22'>)*'9$=3'23C4'C)+'303+&3#%"36')+')493+'%)#4"#&3#%"36'$C43+'49"6'%$69')*42$>d'

• ;"22'>)*'9$=3'3#)*&9'%$69'23C4'4)'4$F3'$8=$#4$&3')C'$#>'69)+4W43+0'C"#$#%"$2')11)+4*#"4"36'49$4'%)*28'7+"#&'0)+3'"0038"$43'C"#$#%"$2'73#3C"4'4)'493'1+$%4"%3d'

• :+3'>)*'%)#6"83+"#&'%$69'4)'$=)"8'9$="#&'2)$#')+'23$63'%)00"403#46Q'3613%"$22>'"C'493>'%)*28'$CC3%4'>)*+'%+38"4'64$#8"#&d'-$=3'>)*'2))F38'"#4)'$'2)$#')+'23$63'49$4'8)36#X4'+3U*"+3'>)*'4)'1$>'7$%F'$#>49"#&'*#4"2'>)*+'"#%3#4"=3'1$>03#46'%)03'"#'"#643$8d'

• -)R'3$6>'R"22'"4'73'C)+'>)*'4)'4$F3'$11+)1+"$43'64316'4)'83$2'R"49'9$+8R$+3'49$4'9$6'+3$%938'493'3#8')C'"46'*63C*2'2"C3d''

B"*4&$'"*&'1&$-*%&'(&)1%5-+&

Y38"%$2'1+$%4"%36')C43#'7)++)R'C+)0'7$#F6')+'4$1'"#4)'2"#36')C'%+38"4'4)'6*11)+4'43%9#)2)&>'1*+%9$636?'c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e331'"#'0"#8Q'4))Q'49$4'%9))6"#&'3"493+')C'49363')14")#6'03$#6'49$4'>)*'R"22'#)4'9$=3'493'$8=$#4$&3')C'C"#$#%"#&'R"49'43+06'49$4'%$#'73'%)#=3#"3#42>'4"38'4)'9$+8R$+3'+3C+369'4"0"#&')+'6)C4R$+3'*1&+$83'%>%236?''

'

'['

'e3>'U*364")#6'C)+'83%"6")#W0$F"#&^'

• -)R'C$=)+$723'$#'"#43+364'+$43'%$#'>)*'#3&)4"$43d';"22'>)*'9$=3'4)'0$F3'$'6"f$723'8)R#'1$>03#4'4)'&34'$'73443+'+$43d'

• ;9$4'$7)*4'43+06d'I$#'>)*'&34'2)$#'1$>03#46'83C3++38'*#4"2'+3"07*+6303#4d'

• ;"22'>)*+'7$#F'%)=3+'JMM\')C'>)*+'$#4"%"1$438'%)64'13+'19>6"%"$#'C)+',-.'43%9#)2)&>Q')+'R"22'>)*'#338'4)'*63'%$69'4)'6*112303#4'493'2)$#d'

• c)'>)*'#338'>)*+'%+38"4'2"#3'C)+')493+'1*+1)636Q'6*%9'$6'*#3<13%438'3<13#636')+'4)'1+)="83'R)+F"#&'%$1"4$2'C)+')493+'#3386d'

• ;)*28'"4'73'%)#=3#"3#4'C)+'>)*'4)'9$=3'493'43+0')C'>)*+'2)$#'%)"#%"83'R"49'9$+8R$+3'+3C+369')+'6)C4R$+3'*1&+$83'4"0"#&d'

'

C$+%1*"+-0%&$'"*&A1'/1".&

])03'64$436'9$=3'613%"$2'C*#86'838"%$438'4)'0$F"#&'2)$#6'C)+',-.'"#=36403#46Q'3613%"$22>'4)'60$22')+'+*+$2'038"%$2'1+$%4"%36')+')493+6'C)+'R9)0'493'%)64')C'"012303#4"#&',-.'6>64306'0$>'73'1+)9"7"4"=3?',<$01236'"#%2*83'493'K)+49'I$+)2"#$'-3$249'$#8';322#366'T+*64'!*#8Q'493';"6%)#6"#'c31$+403#4')C'-3$249']3+="%36',-.'T3%9#)2)&>'g)$#'!*#8'B+)&+$0'$#8'493'Y"##36)4$'c31$+403#4')C'-3$249',-.'g)$#'B+)&+$0?'])03')C'49363'2)$#6'0$>')CC3+'2)R3+'"#43+364'+$436'O8313#8"#&')#'%+38"4R)+49"#366'$#8')493+'C$%4)+6P?'5+'493>'0$>'9$=3'C23<"723'+31$>03#4'43+06'49$4'3#$723'>)*'4)'83C3+'+31$>03#4'2)#&'3#)*&9'C)+'"#%3#4"=3'1$>03#46'4)'64$+4'%)0"#&'"#?'

'

''

e3>'U*364")#6'C)+'83%"6")#W0$F"#&^'

• c)36'493'2)$#'1+)&+$0')CC3+'$'73443+'"#43+364'+$43'49$#'R9$4'"6'$=$"2$723'C+)0'493'7$#Fd'

• :+3'+31$>03#4'43+06'0)+3'C$=)+$723'49$#'493'7$#FX6d'

• c)'>)*'9$=3'493'4"03'$#8'+36)*+%36'4)'&)'49+)*&9'R9$4'0"&94'73'$'0)+3'830$#8"#&'$112"%$4")#')+'$11+)=$2'1+)%366d'

• /C'>)*+'2)%$2'1+)&+$0'9$6'%3+4$"#'%)#8"4")#6'+32$438'4)'1+$%4"%3'6"f3')+'2)%$4")#Q'8)'>)*'0334'49)63'+3U*"+303#46d'

• -)R'"01)+4$#4'"6'"4'4)'>)*'4)'73'$723'4)'3$6"2>'4+$83'"#')+'8"61)63')C'9$+8R$+3'$4'493'3#8')C'"46'*63C*2'2"C3d'

'&

'N'

&

D'(+6"1%&0%*5'1&(-*"*)-*/&

,-.'6)C4R$+3'=3#8)+6'0$>')CC3+'2)$#6'C)+'493"+'1+)8*%46Q'7*4'F331'"#'0"#8'49$4'"C'>)*'+3C+369'9$+8R$+3'$6'$'1$+4')C'>)*+',-.'1+)h3%4Q'$'6)C4R$+3'=3#8)+'2)$#'R"22'#)4'%)=3+'49$4'$613%4')C'493'1+)h3%4?'()*'R"22'#338'4)'9$=3'$'631$+$43'9$+8R$+3'2)$#')+'23$6"#&'$++$#&303#4?'O/C'>)*'$+3'R)+F"#&'R"49'$';37W7$638'0)832Q'R93+3'6)C4R$+3'%$1$7"2"4"36'$+3'832"=3+38')=3+'493'/#43+#34Q'>)*+'9$+8R$+3'#3386'R"22'73'+38*%38?'/#'49$4'%$63Q'6)C4R$+3'=3#8)+'C"#$#%"#&'0$F36'63#63'`'3613%"$22>'C+)0'$'=3#8)+'R9)'%$#'4"3'C"#$#%"#&'4)'6)C4R$+3'*1&+$83'4"0"#&?P'/#'$88"4")#Q'$'6)C4R$+3'=3#8)+'R"49)*4'493'3<43#6"=3'C"#$#%"#&'+36)*+%36')C'$'7$#F'0$>'+3U*"+3'$'9"&93+'8)R#'1$>03#4Q'%9$+&3'$'9"&93+'"#43+364'+$43')#'$'2)$#')+'9$=3'2366'C23<"723'+31$>03#4'43+06?'()*'R"22'$26)'#338'4)'73'%$+3C*2'4)'3#6*+3'49$4'$#>'C"#$#%"#&'$&+3303#4'>)*'6"&#'R"49'$'6)C4R$+3'%)01$#>'8)36'#)4'&"=3'493'%)01$#>'493'+"&94'4)'+31)66366'493"+'1+)8*%4'`'"#%2*8"#&'>)*+'8$4$'`'"#'493'3=3#4')C'$'1$>03#4'8"61*43')+')493+'1+)7230?''

'

''e3>'U*364")#6'C)+'83%"6")#W0$F"#&^'

• :+3'>)*'8)"#&'$'9$+8R$+3'+3C+369'$6'1$+4')C'>)*+',-.'8312)>03#4Q'#3%366"4$4"#&'C"#$#%"#&'49$4'493'6)C4R$+3'=3#8)+'%$##)4'1+)="83d'

• c)'493'8)R#'1$>03#4Q'"#43+364'+$43'$#8'+31$>03#4'43+06'%)01$+3'C$=)+$72>'R"49'$'7$#FX6d'

• c)36'493'C"#$#%"#&'$&+3303#4'$22)R'+31)66366")#'7>'493'=3#8)+Q'1)43#4"$22>'1*44"#&'>)*+'1$4"3#4'8$4$'$4'+"6Fd'

'

E"156"1%&."*>(")+>1%1&(-*"*)-*/&&&

/C'>)*'$+3'+3C+369"#&'9$+8R$+3'$6'1$+4')C'>)*+',-.'"012303#4$4")#Q'"4'0$F36'63#63'4)'633F'$'2)$#')+'23$63'C+)0'$'9$+8R$+3'0$#*C$%4*+3+'R9)')CC3+6'C"#$#%"#&'C)+'$22'%)01)#3#46')C'493'"012303#4$4")#Q'6)'49$4'>)*'R)#X4'9$=3'4)'83$2'R"49'0*24"123'$&+3303#46?':26)Q'R"49'C"#$#%"#&'C+)0'493'0$#*C$%4*+3+Q'>)*'R"22'2"F32>'9$=3'493')11)+4*#"4>'4)'3#h)>'73#3C"46'49$4'8)#X4'%)03'R"49'$'%)#=3#4")#$2'7$#F'2)$#Q'6*%9'$6'C)+0$2'1+)&+$06'C)+'R9$4'4)'8)'R"49'9$+8R$+3'$4'493'3#8')C'"46'*63C*2'2"C3?'!"#$#%"#&'C+)0'493'0$#*C$%4*+3+'0$>'$26)'73'%)#=3#"3#42>'4"38'"#'R"49'9$+8R$+3'2"C3%>%236Q'6)'49$4'>)*'C"#"69'>)*+'2)$#')+'23$63')72"&$4")#'$4'493'6$03'4"03'49$4'"4'0$F36'63#63'4)'8)'$'9$+8R$+3'+3C+369?''T93'U*364")#'493#'73%)036'R9"%9'0$#*C$%4*+3+'C"#$#%"#&'1+)&+$0'"6'7364'C)+'>)*?'!)+'3<$0123Q'6)03'0$#*C$%4*+3+6'%)#4+$%4'C)+'C"#$#%"#&'R"49'$'49"+8'1$+4>'R9)'0$>'#)4')CC3+'493'C"#$#%"$2'64$7"2"4>'>)*'633FQ')+'R9)63'C"#$#%"$2'"#43+3646'0$>'#)4'$2R$>6'$2"&#'R"49'>)*+'C"#$#%"$2'$#8'43%9#)2)&>'#3386?':6'1$+4')C'>)*+'$6636603#4')C'0$#*C$%4*+3+'C"#$#%"#&')11)+4*#"4"36Q'%$+3C*22>'+3="3R'$#8'4$F3'"#4)'$%%)*#4'493'F3>'U*364")#6'C)+'83%"6")#W0$F"#&'732)R?'

'

'JM'

''e3>'U*364")#6'C)+'83%"6")#W0$F"#&^'

• c)36'>)*+',-.'1+)h3%4'"#%2*83'7)49'6)C4R$+3'$#8'$'9$+8R$+3'+3C+369d'

• :+3'>)*'2))F"#&'C)+'$'%$1"4$2W%)#63+=$4")#'$243+#$4"=3'4)'$'4+$8"4")#$2'7$#F'2)$#d'

• ;9$4'8)36'>)*+'$%%)*#4$#4'6$>'$7)*4'493'3CC3%4')C'23$6"#&'=6?'7*>"#&')#'"#"4"$2'%$1"4$2'%)646'$#8')#'4$<36')=3+'493'23$63'43+0d'

• -)R'2)#&'8)36'>)*+'0$#*C$%4*+3+'3<13%4'$11+)=$2'4)'4$F3d'-)R'8)36'49$4'%)01$+3'R"49')493+'C"#$#%"#&')14")#6'>)*X+3'%93%F"#&'"#4)d''

• /6'>)*+'0$#*C$%4*+3+'R"22"#&'4)')CC3+'$'1$>03#4'6%938*23'49$4'%)"#%"836'R"49'"#%3#4"=3'1$>03#46'>)*X+3'3<13%4"#&'4)'+3%3"=3d'

• c)36'493'0$#*C$%4*+3+'*63'493'63+="%36')C'$'49"+8'1$+4>'C)+'23$63'C"#$#%"#&d'/C'6)Q'"6'493"+'1+"%"#&'%)0134"4"=3'R"49')493+'$243+#$4"=36d':+3'493"+'U*$2"C"%$4")#'49+369)286'9"&93+'8*3'4)'+3%3#4'$8=3+63'3%)#)0"%'%"+%*064$#%36d''

• /C'493+3X6'$'49"+8'1$+4>'"#=)2=38Q'$+3'493"+'"#43+3646'"#'2"#3'R"49'>)*+6d'!)+'3<$0123Q'$4'493'3#8')C'$'%3+4$"#'$0)*#4')C'4"03Q'R"22'493>'6*11)+4'C"#$#%"#&'C)+'$'43%9#)2)&>'+3C+369Q')+'4+>'4)'3<43#8'>)*+'3<"64"#&'23$63'73%$*63'"4X6'"#'493"+'C"#$#%"$2'"#43+364d''

• -)R'"01)+4$#4'"6'"4'4)'>)*'4)'F#)R'"#'$8=$#%3'R9$4'>)*'R"22'8)'R"49'9$+8R$+3'R93#'"4'%)036'4)'493'3#8')C'"46'*63C*2'2"C3d'

• ;)*28'"4'73'%)#=3#"3#4'C)+'>)*'4)'9$=3'C"#$#%"#&'4"38'4)'>)*+'9$+8R$+3'2"C3%>%23Q'6)'49$4Q'C)+'3<$0123Q'>)*'2)$#')+'23$63'%)036'*1'$4'493'6$03'4"03'49$4'$'9$+8R$+3'+3C+369'R)*28'73'73#3C"%"$2d'

• :66*0"#&'>)*+'0$#*C$%4*+3+'9$6'$#'$6634'+3%)=3+>'1+)&+$0Q'8)36'"4'"#%2*83'63%*+3'8$4$'8"61)6$2'$4'493'3#8')C'493'9$+8R$+3X6'*63C*2'2"C3Q'4)'9321'>)*'%)012>'R"49'-/B::'$#8')493+'+3&*2$4)+>'+3U*"+303#46d''

'

'JJ'

?%,%$$%1&(-*"*)-*/&

/C'$'0$h)+'9$+8R$+3'+3C+369'"6'1$+4')C'>)*+'12$#Q'>)*'0$>'73'%)#6"83+"#&'7*>"#&'9$+8R$+3'C+)0'$'+363223+'R"49'R9)0'>)*'$2+3$8>'9$=3'$'+32$4")#69"1?'T9"6'0$>'73'$'&))8'%9)"%3'C)+'>)*Q'8313#8"#&')#'493'6"f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

'

''e3>'U*364")#6'C)+'83%"6")#W0$F"#&^'

• :+3'>)*'8)"#&'$'%)012343'43%9#)2)&>'+3C+369'4)')14"0"f3'>)*+',-.'"012303#4$4")#d'-)R'2$+&3'R"22'493'9$+8R$+3'"#=36403#4'#338'4)'73d'

• :+3'>)*'1*+6*"#&'$#')*4+"&94'6)C4R$+3'1*+%9$63Q';37W7$638'6)2*4")#')+'9)6438'$++$#&303#4d''

• /C'493'+363223+'*636'$'49"+8'1$+4>'C)+'C"#$#%"#&Q'"6'493"+'1+"%"#&'%)0134"4"=3'R"49'$243+#$4"=36d':+3'493"+'U*$2"C"%$4")#'49+369)286'9"&93+d'

• I$#'>)*'&34'C"#$#%"#&'49$4'83C3+6'1$>03#46'C)+'$'13+")8')C'4"03'*#4"2'493'"#%3#4"=3'0)#3>'64$+46'%)0"#&'"#d'

'

'

'

I)#%2*6")#'

;9"23'493+3'$+3'0*24"123'R$>6'4)'C"#$#%3',-.'6>64306'73C)+3'"#%3#4"=3'1$>03#46'F"%F'"#Q'%9))6"#&'493'7364'+)*43'4)'1*+6*3'%$#'73'$'%9$223#&3?'/#'$88"4")#'4)'4$F"#&'32"&"7"2"4>Q'+3&"64+$4")#'$#8'7*8&34'834$"26'"#4)'$%%)*#4Q'1+$%4"%36'0*64'%)#6"83+'493"+'12$##38'6)C4R$+3'3#="+)#03#4'O%2"3#4b63+=3+Q';37W7$638Q'9)6438'6)2*4")#P'$#8'R93493+'4)'$88"4")#$22>'%)#6"83+'$'9$+8R$+3'+3C+369?'T9363'$#6R3+6'23$8'4)'#3R'U*364")#6Q'6*%9'$6'R93493+'4)'*63'$=$"2$723'%$69'+363+=36Q'63%*+3'$'7$#F'2)$#Q')+'1*+6*3'C"#$#%"#&'C+)0'6)C4R$+3')+'9$+8R$+3'0$#*C$%4*+3+6')+'+363223+6?'()*+'$#6R3+6'R"22'73'*#"U*3Q'7$638')#'#3386')C'>)*+'7*6"#366'$#8'8"6%*66")#6'R"49'>)*+'C"#$#%"$2'$8="6)+6?'T9"6'&*"83Q'1+)="838'7>'-B'4)'9321'>)*'*#83+64$#8'$#8'#$="&$43'>)*+'C"#$#%"#&')14")#6Q'%$#'9321?'

''

''

'

:7)*4'-B'C)+'93$249%$+3'

-3$249%$+3')+&$#"f$4")#6'$%+)66'493'#$4")#'8313#8')#'-BX6'"#8*64+>W23$8"#&'93$249%$+3'43%9#)2)&"36?'-B'7+"#&6'4)'493'93$249%$+3'2$#86%$13'$'ZMW>3$+'9"64)+>')C'"##)=$4")#V'3#8W4)W3#8Q'4$"2)+38'6)2*4")#6'7$638')#'7364W"#W%2$66'43%9#)2)&>V'$#8'+)%FW6)2"8'/T'49$4'832"=3+6'493'9"&9'+32"$7"2"4>Q'63%*+"4>'$#8'0$#$&3$7"2"4>'49$4'93$249%$+3'3#="+)#03#46'830$#8?''

'F-*"*)-*/&(1'.&EG&F-*"*)-"$&D%10-)%,&

Y$#>')C'493')+&$#"f$4")#6'49$4'+32>')#'-B'6>64306'C)+'93$249%$+3'$26)'2))F'4)'-B'!"#$#%"$2']3+="%36'C)+'23$6"#&'$#8'C"#$#%"$2'63+="%36'4)'9321'4930'0$#$&3'493"+'43%9#)2)&>'"#=36403#46?'-B'!"#$#%"$2']3+="%36'"6'493'63%)#8W2$+&364'%$14"=3'"#C)+0$4")#'43%9#)2)&>'23$6"#&'%)01$#>'"#'493'R)+28Q'R"49'%)01+393#6"=3'6)2*4")#6'49$4'%)=3+'3=3+>49"#&'C+)0'12$##"#&'$#8'$%U*"+"#&'6>64306'4)'+312$%"#&'$#8'+34"+"#&'4930?''':6'$'6)*+%3')C'C"#$#%"#&'C)+',-.'6>64306Q'-B'!"#$#%"$2']3+="%36')CC3+6'493'$8=$#4$&3')C'1+)="8"#&')#3'$++$#&303#4'C)+'$22'$613%46')C'"012303#4$4")#Q'"#%2*8"#&'6)C4R$+3Q'9$+8R$+3'$#8'63+="%36?'T9"6'6"012"C"36'C"#$#%"#&'7>'32"0"#$4"#&'493'#338'C)+'631$+$43'23$6"#&'$#8b)+'2)$#'$++$#&303#46'C)+'3$%9'%)01)#3#4'`'3$%9'R"49'"46')R#'C"#$#%"#&'$#8'+31$>03#4'43+06'4)'F331'4+$%F')C?':#8'-B'!"#$#%"$2']3+="%36'43+06'$+3'%)0134"4"=3Q'"#%2*8"#&'613%"$2'2)RW+$43')CC3+6')#'C"#$#%"#&'C)+',-.'6>64306?'''L#2"F3'6)03'0$#*C$%4*+3+6Q'-B'!"#$#%"$2']3+="%36'8)36'#)4'%)#4+$%4'R"49'49"+8'1$+4"36'4)'1+)="83'C"#$#%"#&?'T9"6'32"0"#$436'493'+"6F'49$4',-.'6>6430'C"#$#%"#&'R"22'73'4"38'4)'$'C"#$#%"$2')+&$#"f$4")#'49$4'0$>'9$=3'9"&93+'$11+)=$2'49+369)286')+'C"#$#%"#&'%)646'"#'12$%3'$6'$'+36*24')C'2)6636'6*CC3+38'"#'493'+3%3#4'3%)#)0"%'8)R#4*+#?'-B'!"#$#%"$2']3+="%36'"6'$'C"#$#%"$22>'64$723')+&$#"f$4")#'49$4'6*CC3+38'#)'6*%9'2)6636'$#8'R9)63'23#8"#&'$#8'23$6"#&'1+$%4"%36'9$=3'"#'#)'R$>'733#'$CC3%438'7>'$#'$8=3+63'3%)#)0>?'''

@'.A$%+%&<E?&D>AA'1+&6-+3&EG&<E?%"52&

]13%"C"%$22>'4)'6*11)+4',-.'$8)14")#Q'-B'9$6'83=32)138'493'-B',-.3$8>'1+)&+$0Q'R9"%9'1+)="836'$#'3#8W4)W3#8'6)2*4")#')C'9$+8R$+3Q'6)C4R$+3'$#8'/T'63+="%36'4)'9321'&*"83'9)61"4$2W$CC"2"$438'19>6"%"$#6'49+)*&9',-.'"012303#4$4")#?'T93'1+)&+$0'%)=3+6'3=3+>49"#&'"#%2*8"#&'$6636603#46Q'#34R)+F'$#8'83="%3'"#64$22$4")#Q'4+$"#"#&'$#8'C"#$#%"#&'O49+)*&9'-B'!"#$#%"$2']3+="%36P?'/4X6'836"&#38'4)'832"=3+',-.'6)2*4")#6'49$4'0$>'9321'93$249%$+3'1+)C366")#$26'0334'493'03$#"#&C*2'*63')7h3%4"=36'364$72"6938'7>'IY]'$#8'493'L]'c31$+403#4')C'-3$249'$#8'-*0$#']3+="%36'O--]P'C)+'493'C383+$2',-.'"#%3#4"=3'1+)&+$0?''

'

!)+'0)+3'"#C)+0$4")#''

T)'+3$8'0)+3'$7)*4'-B'43%9#)2)&>'C)+'60$22'$#8'038"*0W6"f38'038"%$2'1+$%4"%36Q'123$63'="6"4^'9441^bbRRR?91?%)0b676)b6)2*4")#6b93$249%$+3?''

'

'

K)436'

J'E$638')#'493'$=3+$&3'$22)R$723'C"+64W>3$+'%)64')C'S@ZQMMM'C)+'1*+%9$6"#&'$#8'"012303#4"#&'$#',-.'%"438'"#'493'-3$249'/#C)+0$4")#'T3%9#)2)&>'C)+',%)#)0"%'$#8'I2"#"%$2'-3$249'O-/T,I-P':%4'1)+4")#')C':..:?'RRR?&1)?&)=bC86>6b1F&bBg:;WJJJ1*72Zb18CbBg:;WJJJ1*72Z?18CQ'1?'DN@?''

@'E$638')#'364"0$436')C'S@ZQMMM'4)'SZMQMMM'13+'19>6"%"$#'C)+'9$+8R$+3Q'6)C4R$+3'$#8'"012303#4$4")#'%)646Q'$44+"7*438'4)']4+$4"6'-3$249'"#'c)%6'4)28'4)'73R$+3')C'%93$1'C"#$#%"#&'C)+'/T'*1&+$836Q'&18$%3(=,9'*.*!3>'Y$+%9'[Q'@MJM?'

A'!"#$#%"$2'I)#6"83+$4")#'c)0"#$43'B9>6"%"$#':44"4*836'T)R$+8',-.6Q'/#&3#"<'.363$+%9'E+"3CQ'5%4)73+'AMQ'@MMN?'

D'Z'F3>'7$++"3+6'4)'$8)14"#&'323%4+)#"%'038"%$2'+3%)+86'4)8$>Q'&!''()*+,(-$.,/(-,$(012%3!4(1"(5$6(73+4!38(-$.,3141+9>':1+"2'@[Q'@MJM?'

Z',-.'/#%3#4"=36'L18$43^'Y334"#&'493'%+"43+"$'C)+'64"0*2*6'C*#8"#&'3#4$"26'6)03'7"&'%9$223#&36Q'B9>6"%"$#6'B+$%4"%3Q'!37+*$+>'JQ'@MJM?'

G'!"#$#%"#&'513#6'L1'"#'B*69'4)'/#64$22',-.6Q':!%8*1;!'.24!%(<2'*3$''Q'i$#*$+>'@[Q'@MJM?'

H'IY]',2"&"7"2"4>'C)+'/#8"="8*$2'Y38"%$"8'B+)="83+6?'94416^bbRRR?%06?&)=b,-./#%3#4"=3B+)&+$06b@Mj,2"&"7"2"4>?$61'

'

'

'

'

'

'

'

'

'

'

'

'

'

' ]9$+3'R"49'%)223$&*36' ' ' '' ' ' '

' ''' '

k'I)1>+"&94'@MJM'-3R2344WB$%F$+8'c3=32)103#4'I)01$#>Q'g?B?'T93'"#C)+0$4")#'%)#4$"#38'93+3"#'"6'6*7h3%4'4)'%9$#&3'R"49)*4'#)4"%3?'T93')#2>'R$++$#4"36'C)+'-B'1+)8*%46'$#8'63+="%36'$+3'634'C)+49'"#'493'3<1+366'R$++$#4>'64$4303#46'$%%)01$#>"#&'6*%9'1+)8*%46'$#8'63+="%36?'K)49"#&'93+3"#'69)*28'73'%)#64+*38'$6'%)#64"4*4"#&'$#'$88"4")#$2'R$++$#4>?'-B'69$22'#)4'73'2"$723'C)+'43%9#"%$2')+'38"4)+"$2'3++)+6')+')0"66")#6'%)#4$"#38'93+3"#?'

T+$830$+F'$%F#)R238&03#46Q'"C'#33838?'

D::AW@JD[,K:Q'c3%3073+'@MJM'''

'