Palisades Medical Center Inc

“Palisades healthcare system, inc. ("system") is the sole member of this organization. System has the right to elect the members of this organization's board of governors and has certain reserved powers as defined in this organization's bylaws.”

“DURING 2015, THE ORGANIZATION WAS AN AFFILIATE WITHIN PALISADES HEALTHCARE SYSTEM, INC. AND AFFILIATES; A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM ("SYSTEM"). PALISADES HEALTHCARE SYSTEM, INC. WAS THE TAX-EXEMPT PARENT ENTITY OF THE SYSTEM. In September 2014, the System and HACKENSACK UNIVERSITY HEALTH NETWORK ("HackensackUHN"), A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM, signed a letter of intent to make HackensackUHN the parent company of the System. Effective March 1, 2016, after the completion of the required regulatory approvals, HackensackUHN became the parent company of the System. The System began doing business as HackensackUMC Palisades. IN MAY 2015, HackensackUHN SIGNED A DEFINITIVE AGREEMENT WITH MERIDIAN HEALTH SYSTEM, INC.; a tax-exempt integrated healthcare delivery system, TO MERGE BOTH PARENT ORGANIZATIONS; CREATING ONE INTEGRATED HEALTHCARE DELIVERY SYSTEM KNOWN AS HACKENSACK MERIDIAN HEALTH, INC. ("HMH"), TO BETTER MEET THE NEEDS OF MANY NEW JERSEY COMMUNITIES. THE MERGER BECAME EFFECTIVE UPON THE RECEIPT OF REGULATORY APPROVALS ON JULY 1, 2016. THIS FEDERAL FORM 990 WAS PROVIDED TO EACH VOTING MEMBER OF HMHS GOVERNING BODY, ITS BOARD OF TRUSTEES, PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE ("IRS") AND FOLLOWING A REVIEW BY HMH'S COMPLIANCE AND AUDIT COMMITTEE. HMH'S BOARD OF TRUSTEES HAS ASSUMED THE RESPONSIBILITY TO OVERSEE, REVIEW AND APPROVE THIS FEDERAL FORM 990, INCLUDING THE PREPARATION, REVIEW AND FILING PROCESS. AS PART OF THE TAX RETURN PREPARATION PROCESS THE ORGANIZATION HIRED A PROFESSIONAL CPA FIRM WITH EXPERIENCE AND EXPERTISE IN BOTH HEALTHCARE AND NOT-FOR-PROFIT TAX RETURN PREPARATION TO PREPARE THE FEDERAL FORM 990. THE CPA FIRM'S TAX PROFESSIONALS WORKED CLOSELY WITH THE ORGANIZATION'S FINANCE PERSONNEL AND VARIOUS OTHER INDIVIDUALS OF THE ORGANIZATION AND THE SYSTEM ("INTERNAL WORKING GROUP") TO OBTAIN THE INFORMATION NEEDED IN ORDER TO PREPARE A COMPLETE AND ACCURATE TAX RETURN. THE CPA FIRM PREPARED A DRAFT FEDERAL FORM 990 AND FURNISHED IT TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR REVIEW. THE ORGANIZATION'S INTERNAL WORKING GROUP REVIEWED THE DRAFT FEDERAL FORM 990 AND DISCUSSED QUESTIONS AND COMMENTS WITH THE CPA FIRM. REVISIONS WERE MADE TO THE DRAFT FEDERAL FORM 990 WHERE NECESSARY AND A FINAL DRAFT WAS FURNISHED BY THE CPA FIRM TO THE ORGANIZATION'S INTERNAL WORKING GROUP FOR FINAL REVIEW. THEREAFTER, THE FORM 990 WAS REVIEWED BY HMH'S COMPLIANCE AND AUDIT COMMITTEE PRIOR TO PROVIDING IT TO EACH VOTING MEMBER OF HMHS BOARD OF TRUSTEES AND FILING WITH THE IRS.”

“The organization is an affiliate within palisades healthcare system, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"). The organization and the system regularly monitor and enforce compliance with its conflict of interest policy. Annually all members of the board of trustees, officers and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization's and system's chief compliance officer for review. Thereafter, the system's chief compliance officer prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis and then presents this summary to the organization's governance committee for its review and discussion.”

“The organization's board of trustees has an executive compensation committee ("committee"). The committee has adopted a written executive compensation philosophy which it follows when it reviews and approves of the compensation and benefits of the organization's senior management, including the president/chief executive officer and chief financial officer. The committee reviews the "total compensation" of the individuals which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee's review is done on at least an annual basis and ensures that the "total compensation" of senior management of the organization is reasonable. The actions taken by the committee in conjunction with the board of governors enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team, including the president/chief executive officer and chief financial officer. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. The compensation committee is comprised entirely of members of the board of governors each of whom are independent and are free from any conflicts of interest. However, the ultimate decision to review and approve of certain senior management executive compensation and benefits, including the president/chief executive officer and chief financial officer resides with the board of governors. Following the compensation committee review of performance and certain senior management compensation and benefits it makes recommendations to the board of governors which has final authority to approve, disapprove or to adjust the recommendations of the compensation committee. In attendance at each meeting is an attorney advisor. In addition, the committee uses the services of a compensation consultant. Both the compensation consultant and attorney advisor are not members of the board of governors or members of the committee. The compensation committee relied upon appropriate comparable data; specifically the committee obtained a written compensation study from an independent firm which specializes in the reviewing of hospital and healthcare system executive compensation and benefits throughout the united states. This study used comparable geographic and demographic market data including but not limited to similar sized hospitals, number of licensed beds and net patient service revenue. The compensation committee adequately documented its basis for its determination through the timely preparation of written minutes of the compensation committee meetings during which the executive compensation and benefits was reviewed and subsequently approved. The actions outlined above with respect to the compensation committee and the board of governors and the establishment of the rebuttable presumption of reasonableness only applies to certain senior management personnel, including but not limited to the president/chief executive officer and chief financial officer. The compensation and benefits of certain other individuals contained in this form 990, including the chief operating officer, are reviewed annually by the president/chief executive officer with assistance from the organization's human resources department in conjunction with the individual's job performance durin”

“The organization has issued tax-exempt bonds to finance various capital improvement projects, renovations and equipment. In conjunction with the issuance of these tax-exempt bonds, the organization's financial statements were included with the tax-exempt bond prospectus which was made available to the general public for review. In addition, the organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Part vii and schedule j reflect certain board members and officers receiving compensation and benefits from this organization. Please note this remuneration was for services rendered as full-time employees of this organization and not for services rendered as a voting member or officer of this organization's board of governors. Suresh raina, m.d. Was employed as the chief medical officer of palisades medical center for the period january through april of 2015. During the remainder of 2015 he was employed by the organization as the director of the organization's residency program. The compensation reported in core form, part vii and schedule j of this form 990 represents dr. Raina's compensation for the calendar year ended december 31, 2015.”

“This organization is an affiliate within palisades healthcare system; a tax-exempt integrated healthcare delivery system ("system"). The system includes both for-profit and not for-profit organizations. Certain board of trustee members, officers and/or directors listed on core form, part vii and schedule j of this form 990 may hold similar positions with both this organization and other affiliates within the system. The hours shown on this form 990, for board members who receive no compensation for services rendered in a non-board capacity, represent the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of trustees of other related organizations in the system, their respective hours per week per organization are approximately the same as reflected on part vii of this form 990. The hours reflected on part vii of this form 990, for board members who receive compensation for services rendered in a non-board capacity, paid officers and key employees, reflect total hours worked per week on behalf of palisades healthcare system; not solely this organization.”

“Palisades medical center ("pmc") is an acute care general medical and surgical hospital. Pmc is recognized by the irs as an internal revenue code section 501(c)(3) tax-exempt organization. Pursuant to its charitable purposes, pmc provides healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. Moreover, pmc operates consistently with the following criteria outlined in irs revenue ruling 69-545: 1. Pmc provides medically necessary healthcare services to all individuals regardless of ability to pay, including charity care, self-pay, medicare and medicaid patients; 2. Pmc operates an active emergency department for all persons; which is open 24 hours a day, 7 days a week, 365 days per year; 3. Pmc maintains an open medical staff, with privileges available to all qualified physicians; 4. Control of pmc rests with its board of trustees which is comprised of independent civic leaders and other prominent members of the community; and 5. Surplus funds are used to improve the quality of patient care, expand and renovate facilities and advance medical care; programs and activities. The operations of pmc, as shown through the factors outlined above and other information contained herein, clearly demonstrate that the use and control of pmc is for the benefit of the public and that no part of the income or net earnings of the organization inures to the benefit of any private individual nor is any private interest being served other than incidentally. Pmc's sole corporate member is palisades healthcare system, inc. (system). This tax-exempt integrated healthcare delivery system consists of a group of affiliated healthcare organizations. To help meet the healthcare needs of residents throughout its community, system serves residents of hudson and bergen counties in new jersey. Pmc provides medically necessary healthcare services to all individuals regardless of ability to pay. Moreover, pmc provides medically necessary healthcare services to patients who meet certain criteria defined by the new jersey department of health and senior services without charge or at amounts less than established rates. Pmc maintains records to identify and monitor the amount of charity care it provides. These records include the amount of charges foregone for services and supplies furnished under its charity care policy. Patient statistical information/accomplishments/milestones ========================================================== palisades healthcare system, inc. Is comprised of palisades medical center, a 202-bed, not-for-profit, acute care facility, and the harborage, a 245-bed skilled nursing facility. Located in the town of north bergen, new jersey, pmc provides comprehensive inpatient and outpatient services to a service area that extends throughout northern hudson and southern bergen counties in new jersey. Supporting its center of excellence in emergency medicine, the heliport-equipped emergency room at palisades features special accommodations for obstetrics and gynecology, orthopedics, and psychiatric trauma. Inpatient volume approximated 10,515 admissions. Outpatient clinic volume approximated 19,321 visits and the emergency room volume approximated 44,500 patients in 2015. Pmc is a significant healthcare provider in hudson county, new jersey serving approximately 10% of inpatient discharges for hudson residents. In 2015, the hospital discharged a total of 10,506 patients and performed 7,585 inpatient and outpatient surgical procedures. Pmc has been the leader in northern new jersey in providing the best in healthcare and the latest in medical technology to the nearly 400,000 residents that comprise its primary service area of hudson and southern bergen counties. Pmc is an affiliate of the hackensack university health network. Pmc has been active in developing collaborative clinical and academic programs to bring additional specialized diagnostic and medical”

“6. Outpatient testing patients have access to pmc's outpatient testing facilities: the cardiopulmonary laboratory diagnoses and treats existing cardiac and respiratory conditions and provides care to prevent complications after surgery. Brain function tests are also performed. The clinical and anatomical pathology laboratories provide routine and specialized tests. Skilled medical technologists ensure quality and accuracy. The radiology service offers x-rays, ct scans, nuclear medicine procedures, ultrasound, mammography, calcium scoring and digital angiography, performed by registered radiology technicians and radiologists. In addition, our interventional radiologist performs ufe procedures and fallopian tube re-canalization. The mri center houses state of the art magnetic resonance imaging equipment that produces superior images up to 75 percent faster than other machines. During the procedure, patients recline in a spacious testing area, listen to music, and relax with aromatherapy. The vascular laboratory conducts safe and accurate non-invasive tests to diagnose circulatory problems. Lastly, our radiology technology is completely filmless and is represented via digital exposure allowing for more accurate diagnostic capabilities. 7. Pathology & laboratory services supporting the continuum of care. Pmc's clinical and anatomical pathology laboratories provide routine and specialized tests by skilled medical technologists to ensure quality and accuracy. Pathology tests include gross, microscopic, chemical, immunologic and molecular examination of organs and tissues to determine the nature of diseases. 8. Community activities and programs pmc offers numerous community education, medical screenings and support group services and programs to promote wellness for people of all ages. These types of programs include, but are not limited to, the following: - health fairs take place regularly, in the workplace, and in the community to provide education about cancer, diabetes, asthma, aids, heart disease, and more. 9. Pmc residency program includes internal medicine, general surgery, obstetrics, family medicine, traditional rotating internships, gi fellowships and dermatology fellowships. - health screenings, free or low-cost tests are available to detect prostate cancer, hypertension, high cholesterol, and glaucoma. - seminars and lectures cover current healthcare issues. These free, informative talks are presented by physicians, nurses, and administrators who are members of our speakers' bureau. - support groups help people to cope with life changes brought about by illnesses such as cancer, diabetes, stroke and cardiac disease. Palisades medical center (pmc) has always been recognized for its strong tradition of community service. Pmc staff and volunteers work with community partners to improve the lives of thousands of local residents by offering free health screenings and educational seminars throughout the year. Pmc's longstanding partnerships with social and civic organizations, religious congregations, schools, and local employers place it in a uniquely effective position to identify and address the healthcare needs of the local communities it serves. During the past two years, pmc worked with many of its partners to release pmc's community health needs assessment. This comprehensive report is the result of a thorough assessment of our area's healthcare profile, including a review of public health data, summary patient information from care providers, and new data obtained by means of focus groups, public forums and a community needs assessment survey. This assessment also includes action items and plans to address the prevailing healthcare concerns in pmc's service area, including north bergen, union city, west new york, guttenberg, weehawken, cliffside park, edgewater, and fairview. The top five local health issues identified and addressed by the report were: - access to health care - alcohol abuse - inadequate social support”

“Expenses incurred in providing various other medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. Please refer to the organization's community benefit statement included in schedule o.”

“Other changes in net assets or fund balances include: - change in pension benefit liability to be recognized in future periods: ($36,000); and - affiliation related costs: ($1,772,000).”

“The organization is an affiliate within the palisades healthcare system, inc., a tax-exempt integrated healthcare delivery system. An independent cpa firm audited the consolidated financial statements of palisades healthcare system, inc. And its affiliates for the years ended december 31, 2015 and december 31, 2014; respectively. The audited consolidated financial statements contain combining schedules on an entity by entity basis. The independent cpa firm issued an unqualified opinion with respect to the audited consolidated financial statements for the years ended december 31, 2015 and december 31, 2014; respectively. The palisades medical center audit and compliance committee has assumed responsibility for the oversight of the audit of the consolidated financial statements, which includes this organization, and the selection of an independent auditor.”

“The organization engaged an independent accounting firm to prepare and issue a consolidated audit under the single audit act and omb circular a-133 audit.”

“Description:collection agency total fees:381139”

“Description:consulting fees total fees:375539”

“Description:professional fees total fees:16887450”