Mvp Health Plan Inc

“The governing body (board of directors) approved the revision of the bylaws to include modifications aligned with a quarterly director meeting schedule and reduced minimum committee sizes including the audit committee.”

“The organization is a membership (not a stock) not-for-profit corporation under new york state law. The organization's sole corporate member is mvphp holding company, inc.”

“The members of the governing body (board of directors) elect the members of the governing body annually.”

“The form 990 is reviewed by the organization's management team (i.e. A team comprised of representatives of the finance, human resources, and legal affairs departments) in consultation with the organization's tax accountants at kpmg. The financial review is based on the organization's audited financial statements for the relevant time period. Before the form 990 is filed with the irs, the audit committee of the board of directors reviews the form 990 and provides a copy of the same to the organization's full board of directors.”

“As a term and condition of employment/appointment, upon employment/appointment and annually thereafter, each employee and officer of the organization is required to complete a conflict of interest disclosure form, providing management with sufficient information about their personal interests and relationships so that management can: 1) make a determination as to whether an actual or perceived conflict of interest exists, and 2) monitor work assignments/responsibilities to avoid placing the individual in a position where there may be a question as to objectivity and to avoid any appearance of impropriety. Employees and officers are also obligated to promptly notify their managers of any changes to their disclosures throughout the year. Also, the legal affairs department submits a copy of employees' (vp and higher) completed disclosure conflict of interest forms to the audit committee of the board. Directors of the organization are also required to complete a conflict of interest disclosure form upon appointment/election and annually thereafter. Director's conflict of interest disclosure forms are submitted to the legal affairs department. The legal affairs department tracks these forms to ensure that each and every director completes one. The legal affairs department then reviews the directors' disclosures, prepares a chart listing each one and provides a copy of the chart to the audit committee of the board of directors and each director so that all directors are made aware of all directors' potential conflicts of interest. When an issue which presents a potential conflict of interest comes before the board of directors, the affected director must recuse himself/herself from all related votes or approvals.”

“An independent consultant is hired annually to evaluate the compensation arrangements for the ceo and the ceo's direct reports and compare them to the industry standards to determine/confirm that the compensation structure is reasonable. Such compensation arrangements are subject to the final approval of the compensation committee of the organization's board of directors. This process meets the requirements of the rebuttable presumption standard.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public (upon request) in accordance with applicable law and regulation.”

“The number of individuals reported only includes directors, officers, key employees, and highest compensated employees that received greater than or equal to $100,000 in reportable compensation during the year. All employee compensation except for director compensation is recorded in the management allocation and this allocation does not include detail by employee. For form 990 reporting purposes, the organization tracks allocated compensation for select individuals, including directors, officers, key employees, and highest compensated employees.”

“Bad debt expense: (17,605,694) total other changes in net assets: (17,605,694)”

“Additional foreign countries: israel italy japan korea, republic of (south) netherlands norway portugal singapore spain sweden switzerland united kingdom”