Boston Medical Center Health Plan Inc

“Alastair bell, m.d. Serina barkley kimberly sinclair business relationship - the persons listed above are/were employees of boston medical center.”

“Bmc health system, inc. Is the sole member of wellsense.”

“Certain actions including, but not limited to, the approval of budgets, mergers, acquisitions, and indebtedness are subject to the approval of the sole member.”

“Wellsense's tax return is prepared by kpmg llp and reviewed by wellsense's internal management. Following that review, wellsense's internal management and kpmg present the form 990 to the audit committee for review and comment. The completed form 990 is provided to all members of the board of trustees prior to the form being filed with the irs.”

“Conflict of interest questionnaires for the fiscal year end september 30, 2024 were distributed by boston medical center's ("bmc"), an affiliated organization, corporate compliance department. The chief compliance officer of bmc or the chief compliance officer's designee queries trustees, officers and directors on at least an annual basis regarding relationships that may create potential conflicts of interest. The chief compliance officer or the chief compliance officer's designee reviews all disclosures and determines whether there are actual or potential conflicts of interest. The chief compliance officer or the chief compliance officer's designee informs the chief legal counsel of any actual or potential conflicts of interest. The chief legal counsel advises the board of directors and officers of the corporation accordingly.”

“Boston medical center health system is a supporting organization of both boston medical center and wellsense health plan. All three entities have the same independent compensation committee, formed of individuals whose compensation is not in issue, that establishes the compensation of the president and ceo and approves the compensation of senior management. The committee members are not under the control or direction of any health system, medical center, or health plan executive seeking compensation. The individual compensation plans are supported by comparable data, which includes compensation paid for comparable positions by similarly situated organizations (both taxable and tax-exempt), independently compiled compensation surveys, and actual written offers from similar institutions competing for the services of the health system, medical center, or health plan executive. The committee may also utilize an independent compensation consultant as part of the compensation-setting process. The independent committee's assessments of these considerations are contained in the minutes of the committee meetings. The review process includes, and the minutes indicate, discussions and evaluations of each executive's prior performance, qualifications, and experience. The executives are not present for the independent committee's discussions or the committee's vote on compensation. The minutes reflect the fact that no executive was present.”

“Other than as required by law, wellsense does not make documents publicly available. However, the restated articles of the organization are posted on the secretary of the commonwealth's website.”

“Net assets transfer from bmc health plan (wellsense) -100,000,000.”

“Wellsense and bmc may loan each other an aggregate outstanding principal amount of $100,000,000, plus accrued interest effective june 14, 2019. As of june 30, 2024, wellsense had a $100,000,000 receivable relating to the intercompany loan agreement with bmc. In july 2024, the wellsense board voted to convert the intercompany loan to a net asset transfer to bmc. The net asset transfer was made following the required notice to the division of insurance. This was treated as a decrease to surplus as there is no expectation of repayment.”