South County Hospital Healthcare System

“South county hosptial healthcare system and its affiliated entities are known as south county health ("sch") which has policies and procedures adopted by all entities in the system. All entities have mirror boards. The form 990 is provided to the organization's audit committee approximately 30 days prior to the filing deadline. The audit committee then reviews the form 990 and provides questions and comments to the organization's accounting department. Before it is filed, a copy of the final form 990, including required schedules, is provided to the memebers of the board of trustees .”

“Sch has policies and procedures adopted by all entities in the system. Members of the governing body, officers, and key employees are required to complete a conflict of interest statement annually. It is periodically reviewed and discussed at board meetings. If a potential conflict is identified, the board would discuss the item to determine if a conflict exists. If a conflict exisits, the individual would recuse themselves from discussions. All discussions are contemporaneously documented.”

“The organization's ceo's compensation is determined by the governing body. The ceo's salary is compared to other ceo's salaries of similar organizations. In determining compensation, the organization uses form 990 of other organizations and a compensation survey. The review is done by independent individuals of the governing body and all discussions are contemporaneously documented.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request and financial statements available to the public upon request.”

“The hospital's joint venture agreements are fully reviewed by hospital legal counsel to assure full tax compliance. The hospital does not have a formal policy but in practice all joint venture agreements are fully reviewed by hospital legal counsel to assure the joint venture does not jeopardize the tax status of the organization.”

“To operate an independent, non-profit, acute care hospital committed to its community and guided by the values of integrity, caring, respect, excellence, partnership, and stewardship.”

“South county healthcare system is dedicated to enriching the quality of life of southern rhode island community members and visitors through the delivery of quality healthcare services, the development of cooperative relationships with other healthcare providers and the promotion of wellness through health education and awareness.”

“South county hospital healthcare system (the hospital) is an independent, non-profit, acute-care hospital, serving the communities of southern rhode island offering the latest advances in technology and a comprehensive range of medical and surgical services delivered by expert physicians and highly trained staff. The south county hospital healthcare system is committed to its community and guided by the values of integrity, caring, respect, excellence, partnership and stewardship. During the fiscal year ended september 30, 2023, the hospital reported 5,131 discharges and 18,692 inpatient days. The discharges included 710 deliveries and 1,157 inpatient surgeries. The hospital provided 249,184 outpatient visits; including 27,870 outpatient emergency room visits and 41,553 express care visits. The providers in the hospital medical group provided 145,731 visits.”

“Change in funded status of employee benefit plans 4,293,416. Unrealized change in equity interests on interest rate swap 53,143. Net assets released for capital expenditures 1,447,918. Unrealized change in equity interests in l.p. 174,318. Net service cost components of net pension cost -441,280.”

“Financial statements and reporting the organization's audit committee is responsible for selecting an independent accountant to audit the organization's financial statements and for overseeing the audit of the organization's financial statements.”