St Francis Medical Center Trenton Nj

“The certificate of incorporation and bylaws of st. Francis medical center trenton nj were amended and restated to change the sole member of the corporation. Effective july 1, 2014, the sole member is maxis health system.”

“Effective july 1, 2014, the sole member of st. Francis medical center trenton nj is maxis health system. See line 7 for additional information.”

“Effective july 1, 2014, maxis health system is the sole member of st. Francis medical center trenton nj. Maxis health system has the right to appoint all persons to the board of directors of st. Francis medical center trenton nj.”

“As sole member, maxis health system must approve certain decisions of the governing body, including the strategic plan and annual operating budget. Maxis health system 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 saint francis medical center is reviewed by senior management. In addition, certain key sections of the form are reviewed by the finance committee. Members of the finance committee and the board receive a copy of the return in its final form before it is filed with the internal revenue service.”

“St. Francis medical center trenton nj 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 st. Francis medical center trenton nj, 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 st. Francis medical center trenton nj 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 st. Francis medical center trenton nj (or a delegated committee of the board) on a yearly basis. Interested persons are required to make full disclosure to st. Francis medical center trenton nj of any financial or business interests that might result in or have the appearance of a conflict of interest. The board of directors of st. Francis medical center trenton nj (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 st. Francis medical center trenton nj. 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 is answered "no" because the compensation for st. Francis medical center's cao is established and paid by our lady of lourdes health care services, inc., a related organization. For the compensation of certain other executives, st. Francis medical center has a process for determining compensation which includes the following: the board has an independent committee review and approve all elements of remuneration for all disqualified parties, as well as other key management officials. The board/committee has an established compensation philosophy which details the objectives of market positioning and pay elements. The committee engages with external consultants to provide market data comparing the organization's roles to similarly sized health systems utilizing both title and job content comparisons. The committee reviews the market analysis, approves any salary adjustments for the executive population, considers both reasonableness and effectiveness of all remunerative programs and establishes the detailed performance expectations which are incorporated into the incentive plan. All of these discussions and decisions are documented through the provision of meeting minutes.”

“Saint francis medical center trenton nj 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. In addition, saint francis medical center trenton nj includes a copy of its most recently filed schedule h on both its own website and trinity health's website. Saint francis medical center's governing documents and conflict of interest policy are available upon request.”

“Medical prof. Fees: program service expenses 6,973,563. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,973,563. Consulting fees: program service expenses 605,902. Management and general expenses 17,730. Fundraising expenses 0. Total expenses 623,632. Collection services: program service expenses 22,471. Management and general expenses 658. Fundraising expenses 0. Total expenses 23,129. Other purchased services: program service expenses 21,569,759. Management and general expenses 631,176. Fundraising expenses 0. Total expenses 22,200,935. Recruiting expenses: program service expenses 10,041. Management and general expenses 294. Fundraising expenses 0. Total expenses 10,335.”

“Net assets released from restrictions 6,404. Equity transfers from affiliates 887,426. Other transactions 234,933. Asset impairment -1,530,000.”

“St. Francis medical center's financial statements were included in the fy15 consolidated financial statements of trinity health, which were audited by an independent public accounting firm.”