Palisades Healthcare System Inc

“The organization is the tax-exempt parent of palisades healthcare system, inc. And affiliates; a tax-exempt integrated healthcare delivery system ("system"), which includes palisades medical center ("pmc"). This organization's federal form 990 was provided to each voting member of its governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). Pmc's audit and compliance committee has been delegated the responsibility to oversee and coordinate the form 990 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 ("internal working group") of the organization and the system 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 the audit and compliance committee of the organization prior to providing it to each voting member of the organization's 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"). Palisades healthcare system, inc. Is the tax-exempt parent entity of the system. This organization's federal form 990 was provided to each voting member of its governing body, its board of trustees, prior to filing with the internal revenue service ("irs"). The organization's audit and compliance committee has been delegated the responsibility to oversee and coordinate the form 990 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 ("internal working group") of the organization and the system 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 the audit and compliance committee of the organization prior to providing it to each voting member of the organization's board of trustees and filing with the irs.”

“The organization is the tax-exempt parent of palisades healthcare system, inc. And affiliates ("system"); a tax-exempt integrated healthcare delivery system which includes palisades medical center ("hospital"). This filing organization itself has no paid senior management personnel receiving compensation directly from this organization. Rather, key senior management personnel, including the president/chief executive officer, chief operating officer and chief financial officer are employed by palisades medical center. However, the compensation and benefits of these individuals are shown on this tax return because they are also either officers or board members of this organization. Accordingly, palisades medical center'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 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 a related organization. Please note this remuneration was for services rendered as full-time employees of the related organization and not for services rendered as a voting member or officer of this organization's board of governors.”

“This organization is tax-exempt parent organization of palisades healthcare system, inc. And affiliates; 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 the system; not solely this organization.”

“Palisades healthcare system, inc. Is a not for profit holding company based in north bergen, new jersey. Palisades healthcare system, inc. Is the sole corporate member of a number of not for-profit entities and the sole shareholder of various other for-profit entities. The irs has recognized palisades healthcare system, inc. As a tax-exempt organization under internal revenue code ("irc") section 501(c)(3). As the parent organization of a tax-exempt integrated healthcare delivery system, palisades healthcare system, inc. Strives to continually develop and operate an integrated healthcare delivery system which provides a comprehensive spectrum of medically necessary healthcare services to the residents of north bergen, new jersey, and the surrounding community. Palisades healthcare system, inc. Ensures that its system provides medically necessary healthcare services to all individuals regardless of race, color, creed, sex, national origin or ability to pay. Palisades healthcare system, inc. Is the sole corporate member of palisades medical center ("pmc"); a hospital providing comprehensive inpatient, outpatient and emergency services. 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 exte”

“5. Emergency care because of pmc's location on the hudson river -- near the george washington bridge, lincoln tunnel, and major highways -- pmc has one of the busiest emergency departments of any community hospital in new jersey. Approximately 42,000 patients come to us each year for life-saving care administered by board-certified emergency medicine specialists. A heliport on our property provides additional access to our hospital. Pmc's emergency department features 10,000 square feet of space for patient treatment, trauma, and triage, with special accommodations for obstetrics/gynecology care, orthopedics, and psychiatric trauma. A decontamination shower -- the first of its kind in hudson county -- is used to treat individuals involved in industrial accidents. As an added benefit, a separate fast track program in pmc's emergency department is reserved for the prompt treatment of minor illnesses and injuries. It's our way of offering fast, quality care to help our patients cope with life's little emergencies. 6. Mental healthcare patients in crisis receive emergency care at pmc. Pmc manages a 24 hour crisis hotline staffed by mental health professionals. Pmc's outpatient counseling program provides community based care for individuals and families. Help is available for substance abuse, family violence, and more. 7. 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. 8. 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. 9. 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. 10. Pmc residency program includes internal medicine, general surgery, obstetrics, family medicine and traditional rotating internships. - 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) ha”

“The organization is the tax-exempt parent organization of palisades healthcare system, inc. And affiliates, a tax-exempt integrated healthcare delivery system, which includes palisades medical center. An independent cpa firm the audited consolidated financial statements of palisades healthcare system, inc. And its affiliates for the years ended december 31, 2014 and december 31, 2013, 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. 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.”