Albany Med Health System

“On july 1, 2020 glens falls hospital became an affiliate of the albany med health system. As part of the affiliation, the glens falls hospital by-laws were updated to include albany med health system as its sole corporate member.”

“An overview of the form 990 was presented to the full board in october 2021. An electronic copy of the 990 was posted on the board portal prior to filing, that can be accessed by the board for them to review and comment on. In addition, the 990 was reviewed by the cfo, controller, sr. Director of finance, and our 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, and 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 the inurement or impermissible private benefit. In conducting reviews, the corporation may use outside advisors.”

“Gfh 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 a 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 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.”

“On june 11, 2020, behavioral health services north (bhsn) received endorsement from glens falls hospital (gfh) and warren/washington community service board to move forward with becoming the provider for outpaient substance abuse, mental health treatment and child and family services for the glens falls region. These services transitioned from gfh to bhsn in november 2020.”

“The mission of gfh is to improve the health of people in our region by providing access to exceptional, affordable, and patient-centered care in every setting. Our core values are centered on collaboration, accountability, respect, excellence, and safety. Gfh maintains a service area that spans 6,000 sq. Miles across 5 counties. We also operate 20 regional healthcare facilities throughout our service area. Gfh has over 550 medical staff, including over 170 employed physicians, pas, and nps.”

“Physician fees: program service expenses 5,343,431. Management and general expenses 68,305. Fundraising expenses 0. Total expenses 5,411,736. P/s staffing: program service expenses 8,556,681. Management and general expenses 4,823,446. Fundraising expenses 0. Total expenses 13,380,127. P/s repairs and maintenance: program service expenses 2,546,322. Management and general expenses 5,582,926. Fundraising expenses 573. Total expenses 8,129,821. P/s collection fees: program service expenses 0. Management and general expenses 1,448,392. Fundraising expenses 0. Total expenses 1,448,392. P/s transcription and microfilming: program service expenses 159,098. Management and general expenses 85,596. Fundraising expenses 0. Total expenses 244,694. Misc purchased services: program service expenses 6,136,483. Management and general expenses 2,474,312. Fundraising expenses 50,881. Total expenses 8,661,676. Infectious outbreak misc: program service expenses 4,299,238. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,299,238.”

“Change in interest in net assets of gfh foundation 1,112,063. Foundation transfer to balance sheet accounts -4,299. Effect of business combination 39,055,387.”