Penobscot Bay Medical Center

“Pen bay healthcare (pbhc) is the sole member of pen bay medical center. Mainehealth (ein 01-0431680), as the sole member of pbhc, has the right to approve significant decisions of the governing body of pbhc and its subsidiaries.”

“The sole member, pen bay healthcare may elect the board of directors from a slate of nominees submitted by the corporation. The officers are elected by the board of trustees.”

“Decisions of the governing body such as budgets, business strategies, significant financial commitments, amendments to the articles of incorporation, and election of the president/ceo among other decisions, are subject to approval by pen bay healthcare & mainehealth.”

“The form 990 is reviewed in detail with the finance committee. It is then made available to the full board. A final detailed review of the form 990 is performed by the vp of fiscal services before signing and prior to filing.”

“At the beginning of board service, members are required to document any conflict of interest that may exist, they are required to report any additional conflicts that may arise. Board member conflict of interest forms are updated and reviewed annually.”

“Pen bay medical center board of directors are responsible for an annual evaluation of the president/ceo and the other key administrative employees of the organization. For those key administrative employees that are shared with pbhc, compensation is evaluated by the pbhc governance committee and approved by the organization's board of directors. For the current year, pbmc has had an interim ceo since march, 2014. This person was shared with waldo county general health and was paid as invoiced.”

“The member is responsible for an annual evaluation of the president/ceo and the other key administrative employees of the organization. Compensation is evaluated by the compensation committee appointed by the member, and the organization's board of trustees must approve the compensation. In addition, the organization utilizes the services of an independent compensation consulting firm and industry survey.”

“Documents that are required to be open for the public inspection are made available upon request.”

“Penobscot bay medical center is an acute care hospital that offers inpatient and outpatient care, diagnostic, therapeutic and rehabilitative services, patient and community education, and a full range of specialty services through the emergency department, special care unit, surgical services department, obstetrics and gynecology department, and the psychiatric addiction & recovery center.”

“(continued from part iii, line 4a) penobscot bay medical center served 3,617 inpatients, including newborns and 139,347 outpatients including er visits, during fy 14. Twenty four hour medical emergency service is provided in the emergency room, staffed by full-time attending physicians. Patients are seen regardless of ability to pay. There were 21,870 visits to the emergency room during fy 14. Recognizing its mission to the community, services are provided to both medicare & mainecare patients. To the extent reimbursement is below cost, penobscot bay medical center recognizes these amounts as contractual adjustments. The unreimbursed cost of providing care to these patients was 90,736,204. During fy 14, approximately 64% of services were to patients covered by these governmental programs. Additionally, penobscot bay medical center provided 6,077,345 in free care to patients not covered by governmental programs. Pbmc provides free conference room and meeting space for a variety of health related groups including alcoholics anonymous, al anon, midcoast cancer support group, heart to heart, cardiac spouse support group, crohn's disease support group, visually impaired and blind support group, pediatric asthma support group, ostomy group, midcoast mastectomy support group, northeast health consortium for integrated care, breast cancer intervention project, mid-coast coalition for domestic abuse, teen parenting, women's and children's community care project. Assistance is provided to educators through our work with medical students, student nurses, physical therapy interns, emergency medical technicians, medical records and social service students. Through an arrangement with the university of maine - orono, our education and training department offers nurses with certificate degrees the opportunity to work toward a baccalaureate degree in the local area. The hospital maintains a research library which is open 24 hours a day and available to the general public. During fy 14, the community contributed approximately 9,290 hours toward the common purpose of servicing the health care needs of the community. The value of this contribution is given back to the community through lower costs in both patient services and other wellness programs such as those described above.”

“Pen bay behavioral health physicians.”

“Laboratory purch. Svcs. 4,086,262 75,410 0 med staff purch. Svcs. 4,218,442 77,849 0 oper. & maint. Purch. Svcs. 386,110 7,125 0 admin. Purch. Svcs. 1,298,900 23,970 0 collection services 433,891 8,007 0 radiology 308,565 5,694 0 consulting 116,147 2,143 0 other fees 4,005,743 73,925 0”

“Income earned on trna 244,113 transfer from affiliate 4,632,641 loss on investment in pine tree insurance -1,912,013”