Greater Hudson Valley Health System Inc

“Form 990, part iii, line 4a services provided by more than 3,300 employed professionals and over 850 medical staff members, makes the ghvhs one of the largest healthcare providers in the tri-county area. The system's three hospital campuses (catskill regional medical center - harris, catskill regional medical center - calicoon, orange regional medical center) plus several outpatient facilities offer a broad spectrum of care.”

“Form 990, part vi, section a, line 2 officer/dir. Related person/entity relationship joan farrow joseph loughlin family relationship”

“Form 990, part vi, section b, line 11 the form 990 is prepared by the finance department and submitted to ghvhs's tax preparer for processing. The initial draft return provided by the tax preparer is reviewed by members of executive management, the corporate compliance officer, and the audit and compliance committee of the board of directors. The final version of the organization's form 990 is provided to all voting members of the board of directors prior to submission to the internal revenue service.”

“Form 990, part vi, section b, line 12c greater hudson valley health system's conflict of interest (coi) policy applies to all board members. The conflicts policy requires all board members to read and understand the policy and review it at least annually in order to be alert to situations that could create a conflict of interest or otherwise be contrary to policy. They are also required annually to sign a conflicts policy disclosure form. The compliance officer monitors the coi disclosures, and is present at all board meetings to assist with any potential conflict issues and provide advice on abstention, recusal, etc. A summary of the coi disclosures is produced for the board, as are annual updates to the coi policy.”

“Form 990, part vi, section b, line 15a compensation for officers for ghvhs is dertermined utilizing one or more of the following - a compensation committee made up of independent members of the executive committee of the board, an independent compensation consultant, and compensation surveys or studies. These surveys include healthcare providers with comparable net revenue and in comparable geographic regions. Following the recommendations of the board of directors, ghvhs looks to hire at approximately the 50th percentile of the market. This is determined by using the previously mentioned data resources. Based upon parameters determined by the compensation committee, the ceo is permitted to make compensation decisions for salaries within the 50th-75th percentile. Any proposed salary above the 75th percentile would require prior committee approval. A full review of executive team salaries was performed in 2013 and updated in 2014 based on these parameters. In addition, the chief executive officer and his compensation must be approved by the compensation committee. The review process is documented contemporaneously in the minutes of the compensation committee.”

“Form 990, part vi, section c, line 19 greater hudson valley health systems makes its governing documents and conflicts of interest policy available upon request.”

“Other changes in net assets: equity transfer to related party - catskill regional medical center (2,400,000) equity transfer from related party - orange regional medical center 37,972 ----------- (2,362,028) ========”