Albany Med Health System

“Current board members JOHN BIENIEK, MICHAEL B. CLARKE, JAMES CULLUM, KATHIE DUNCAN, WILLIAM REYNOLDS MD AND TENEE' CASACCIO HAVE A BUSINESS RELATIONSHIP OR ARE ALSO BOARD MEMBERS OF A BUSINESS THAT GLENS FALLS HOSPITAL DOES BUSINESS WITH. PART VI, SECTION A, LINE 9 BRIAN MCDERMOTT MD - 3 HONEY HOLLOW RD, QUEENSBURY, NY 12804, JOHN KELLEHER - 14 LAUREN DR, QUEENSBURY, NY 12804,BEN KATZ MD - 24 SUMMERFIELD LANE, SARATOGA SPRINGS, NY 12866, KYLE BROCK - 10 RIDGE ST. APT 2A, GLENS FALLS, NY 12801 Part VI, Section A, Line 11 A copy of Form 990 was given to the Hospital's audit and compliance committee to review and comment on at their regular meeting. The form was approved by the committee and filed on a timely basis. The form was also given to the CFO, Controller, and Director of Finance to review and comment on. In addition, the form was reviewed by an independent accountant, KPMG, to make sure it was filled out completely and accurately.”

“Each director, principal officer and member of a committee with board delegated powers shall annually sign a statement which affirms that such person, a) has received a copy of the conflicts of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy and d) understands that the corporation is a charitable organization and that in order to maintain its Federal exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. To ensure that the corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted. Reviews shall include the following subjects: A) whether compensation arrangements and benefits are reasonable and are the result of arm's length bargaining. B) whether acquisitions of physician practices and other provider services result in inurement or impermissible private benefit. C) whether partnership and joint venture arrangements and arrangements with management service organizations and physician hospital organizations conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the corporation's charitable purposes and do not result in inurement or impermissible private benefit. In conducting reviews, the corporation may use outside advisors.”

“Glens Falls Hospital is committed to developing and maintaining a total compensation program that is competitive with programs offered by other health care organizations that are comparable to GFH in revenue, structure, mission and scope of services. The compensation philosophy includes: base salary ranges positioned in the 50th percentile of a national and regional peer group, annual incentive opportunities tied to performance goals established by the Board, benefits delivered in the 50th percentile of a national peer group and total compensation positioned at approximately the 50th percentile for expected performance, and somewhat above that for exceptional performance. Executive pay is reviewed annually by a third party consultant. This review includes comparison of GFH executive pay practices with national and regional benchmark studies as appropriate. The consultant is engaged directly by the GFH Board of Governors and reports their findings to the Board Personnel Committee for review and action.”

“The organization makes its governing documents, conflicts of interest policy and financial statements available TO THE PUBLIC upon request.”

“Glens Falls Hospital is an acute care facility and is the largest hospital between Albany and Montreal. It serves 6 counties and operates 23 regional care facilities. We have more than 225 affiliated, board certified physicians, ranging from primary care to surgical specialties. Glens Falls Hospital provides access to primary care and preventative health education and outreach activities, services offered to the community for free or reduced costs including patient financial assistance and charity care. The mission of Glens Falls Hospital is to improve the health of the people in our region by providing access to exceptional, affordable, and patient-centered care every day and in every setting. Our fundamental values are C.A.R.E.S. Collaboration, Accountability, Respect, Excellence and Safety.”

“Unrestricted Net Assets: Net actuarial GAIN on accrued post retirement benefits (80,217) Temporary Restricted Net Assets: Change in interest in net assets of GFH Foundation (495,231) ---------------- Total (575,448)”

“Description:physician fees total fees:2700843”

“Description:professional fees total fees:216”

“Description:p/s staffing total fees:12692428”

“Description:p/s repairs and mainenance total fees:7399924”

“Description:p/s collection fees total fees:2517467”

“Description:p/s transcription & microfilm total fees:523509”

“Description:misc. Purchase service total fees:10079995”