Probility Physical Therapy

“Probility therapy services has contracted with therapy management consulting services, llc for the provision of president and vice president of finance services. In calendar 2016, probility therapy services paid $825,506 to therapy management consulting services, llc for patrick hoban's and tony castaldi's services as president and vice president of finance, repectively. Probility therapy services does not know how much patrick hoban and tony castaldi received as wages from therapy management consulting services, llc in calendar 2016.”

“The sole member of probility therapy services is trinity health - michigan. See line 7 for additional information.”

“Trinity health - michigan is the sole member of probility therapy services. Trinity health - michigan has the right to appoint all persons to the board of directors of probility therapy services.”

“As sole member, trinity health - michigan must approve certain decisions of the governing body, including the strategic plan, annual capital plan, and annual operating budget. Trinity health - michigan must also approve significant changes such as a merger, dissolution, sale of assets in excess of certain limits, and modifications to governing documents.”

“Prior to filing, the form 990 for probility therapy services is reviewed by management. The board receives a copy of the return in its final form before it is filed with the internal revenue service.”

“Probility therapy services has adopted trinity health's governance policy no. 1, which sets forth the organization's conflict of interest policy and processes. It applies to all "interested persons" of probility therapy services, which includes directors, principal officers, key employees, and members of committees with board-delegated powers. Interested persons are expected to discharge their duties in a manner the person reasonably believes to be in the best interests of probility therapy services and to avoid situations involving a conflict of interest. On an annual basis, interested persons are required to complete a conflict of interest disclosure statement and to affirm their receipt of the conflict of interest policy, compliance with its requirements, and agree to notify the organization of changes impacting their annual disclosure in accordance with the policy. The annual disclosures are provided to internal legal counsel and the integrity and compliance officer, from which legal counsel prepares a report for the board chair and ceo. A summary of potential conflicts is reviewed with the board of directors of probility therapy services (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to probility therapy services of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of probility therapy services (or a delegated committee of the board) is responsible for the review of transactions to determine whether an actual conflict of interest exists. In the event of an actual conflict, the board (or a delegated committee of the board) will either avoid the conflict or appropriately scrutinize the transaction to ensure it is in the best interests of probility therapy services. Interested persons are required to recuse themselves from discussion and voting on matters involving a conflict of interest. The policy further addresses the proper documentation of the proceedings and potential disciplinary and corrective action for violations of the policy. The policy is available to the public upon request.”

“Question 15a has been answered "no" because of compensation for president and vice president of finance has been paid by an outside third party. Question 15b has been answered "no" because the compensation for certain officers and key management officials of probility therapy services is established by trinity health, a related organization. In establishing compensation, trinity health follows a process and policy that is intended to mirror the irc section 4958 guidelines for obtaining a "rebuttable presumption of reasonableness" with regard to compensation and benefits. As part of that process, the compensation and benefits of the officers and key management of probililty therapy services are reviewed at least annually by the trinity health board or the trinity health human resources and compensation committee (hrcc) of the board, authorized to act on benefit of the board with respect to certain compensation matters. As part of its review process, the hrcc retains an independent firm experienced in compensation and benefit matters for not-for-profit health care organizations to advise it in the determinations it makes on the reasonableness of proposed compensation and benefit arrangements.”

“Probility therapy services is a subsidiary organization in the trinity health system. Trinity health makes certain of its key documents available to the public on its website, www.trinity-health.org, in the "about us" section. In this section, the consolidated audited financial statements are publicly available. Probility therapy services' governing documents and conflict of interest policy are available upon request.”

“Probility therapy services' financial statements were included in the fy17 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”