Lawrence General Hospital

“Form 990 is prepared and reviewed by the organization's external consultant and subsequently reviewed by the senior director and organization's cfo. Once complete, the form and all schedules are made available to the board of trustees via a secure internet portal for review. The organization's cfo and senior director are available to facilitate the review as well as answer any questions regarding the form.”

“On an annual basis, the hospital distributes a conflict of interest policy to the board of trustees. The trustees are requred to disclose, in writing, any potential conflict that they are aware of. All known interests have been disclosed in schedule l.”

“The ceo's annual compensation is reviewed and approved by an executive compensation committee of the board of trustees. The compensation for the cfo, evp, and senior management are determined by the ceo and reviewed by the board of trustees. Independent surveys are also performed to determine salary resonableness.”

“The hospital makes the form 990 available to the general public upon request.”

“The hospital makes all documents, including copies of its by-laws, conflict-of interest policy, and financial statements available to the general public upon request.”

“During the hospital's fiscal year 2024 lawrence general hospital and the commonwealth of massachusetts executive office of health and human agreement calls for payment of the following amounts to the hospital: a $11,360,000 sfy 2020; $11,090,000 for sfy 2021; $10,420,000 for sfy 2022; $14,845,821 for sfy 2023, and $13,684,860 for sfy 2024. Payment of these amounts is subject to determination by eohhs that the hospital meaningfully participates in masshealth's aco program; determination by eohhs that the hospital meaningfully participates in masshealth's managed care networks by accepting appropriate contracting rates to the extent such arrangements have been offered by any masshealth managed care organizations; (c) satisfaction of all other requirements as set forth by masshealth; appropriation to, and availability of funds in, the safety net provider trust fund established under m.g.l.c. 29, 2aaaaa (safety net provider trust fund); all other necessary state approvals; and federal approval and the availability of full federal financial participation. In all years covered in the agreement, these amounts are reflected in "other operating revenue" on the hospital's financial statements and irs form 990.”

“Other program service revenue from lawrence general hospital primarily consists of cafeteria receipts, intercompany reimbursements, dsti waiver funds, and dsrip funds. In addition, there is lawrence inte. Health prov. Network llc, a disregarded limited liability company (llc), located in lawrence, massachusetts setup to bring affiliated and employed providers together under the umbrella of one clinically integrated network to improve continuity of and access to care for patients in our service area.”

“Change in the value of net assets held by lgh charitable trust, inc. $3,457,967 net asset transfer from lgh charitable trust, inc. $1,487,270 other changes ($398,612) net asset transfer to community medical associates, inc. ($5,201,976) total ($655,351)”