O'Connor Hospital

“Bassett healthcare network is the parent and sole member to each of the following related parties. Friends of bassett, ao fox memorial hospital, bassett hospital of schoharie county, little falls hospital, o'connor hospital, templeton foundation, valley health services, and mary imogene bassett hospital. As parent and sole member, bassett healthcare network has the right to appoint and remove members of the governing boards of its subsidiaries and approve significant decisions of the governing boards, including, but not limited to, approval of operating and capital budgets, certain capital expenditures, indebtedness not contained in the approved budgets, substantive changes in clinical programs, mergers, consolidations, liquidations and dissolutions involving its subsidiaries and certificate of need applications.”

“See form 990, part vi, section a, line 6 above.”

“See form 990, part vi, section a, line 6 above.”

“Organization's process to review form 990 the vp of finance operations, bmc, presents the draft 990 to the executive and finance committee of the board prior to any filing. Any questions raised are answered and once approved by the committee, copies of the tax return are distributed to each member of the board prior to filing.”

“Enforcement of conflicts policy the organization's conflict of interest policy applies to the board of directors, board members, and key persons such as the president. Each board member, officer, or key person of the hospital shall complete a conflict of interest questionnaire annually. All completed questionnaires are reviewed and all disclosures of potential conflicts will be brought to the president. The president or his/her designee will take action to eliminate the potential conflict of interest. All disclosures of potential conflicts of interest in the completed questionnaires shall be compiled and reported by the assistant treasurer to the executive and finance committee of the board to determine if the reported disclosure and resolution is satisfactory. If the actions taken are not satisfactory, the executive and finance committee shall determine further action as it deems appropriate.”

“Compensation process for top official the president's salary is paid by a related organization under a management services agreement. The president's workplan and accomplishments for the year are overseen by the network leadership and reviewable by the board. The president's salary is submitted as part of the management services agreement”

“Governing documents disclosure explanation o'connor hospital makes its governing documents, conflict of interest policy, and financial statements available to the public upon written request. Parties desiring to obtain copies of such must present themselves at the administrative offices of o'connor hospital or by sending a self-addressed stamped envelope and payment for copying of the requested material to o'connor hospital administrative offices. The cost of copying shall be equal to the costs imposed by the irs for copying public documents.”

“The consolidated audit report is reviewed at a network level, by the bassett healthcare network audit committee.”