Reading Hospital

“Tower health elects the members of the governing body”

“The management of the corporation shall be vested in the board of directors elected by the member who is the tower health.”

“All decisions are subject to approval by the board of directors as management of the corporation elected by the member.”

“The form 990 is prepared by hospital staff, reviewed by an external tax advisor and posted on a board portal for board members to view prior to filing. Members are alerted to information and notices. A paper copy of form 990 is available upon request for any board member unable to veiw the portal.”

“It shall be the policy of the hospital to require each board member, officer and key employee to submit in writing to the chief executive officer a list of business or other organizations of which the member or member's spouse is an officer, director, member employee or owner (35% or greater share) with which the company might reasonably enter into a relationship or a transaction in which the board member, officer and key employee would have conflicting interests. Each year a copy of the written statement will be sent to the board member, officer and key employee for updating and resubmission and by which the board member, officer and key employee shall confirm his or her awareness of this policy. All members of tower health management (including directors and vice presidents) must complete and submit a conflict of interest disclosure statement annually. Such statements are reviewed by the chief compliance officer.”

“The tower health board of directors has duly appointed an executive compensation committee (the "committee"), which is responsible for the review and approval of all compensation and benefits provided to the hospital's executive management. The committee has adopted a written executive compensation philosophy statement and an executive compensation committee charter governing the work and review process of the committee. The committee follows the procedures described in the philosophy statement and the charter when it reviews and approves the compensation and employee benefits provided to the hospital's senior management, including the chief executive officer and the chief financial officer. The committee's review analyzes every element of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The committee conducts its review and approval process at least annually, and approves compensation and benefits only to the extent that the committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The committee consists entirely of disinterested members of the board, and the committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules.”

“Same response as line 15a which includes key employees.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available to the public.”

“Clint matthews served as ceo of reading hospital up until october 2018 when william jennings assumed the ceo position of reading hospital. Clint matthews transitioned to tower health as president and ceo of the organization.”

“The mission of the reading hospital is to provide compassionate, accessible, high quality, cost effective care to the community: to promote health; to educate healthcare professionals; and to participate in appropriate clinical research. Ask someone to define a hospital's role in the community, and most often you hear about services and departments, or about doctors, nurses and other caregivers. In addition to its primary role as a provider of direct care, reading hospital addresses issues outside that realm that impact health and wellness. In fact, a key part of our mission means the reinvestment of our resources into these efforts, which are collectively known as community benefit. We are proud to report that in our last fiscal year, we committed more than 192 million to this cause. Our caregivers and support staff participate in health education, free screenings, and immunizations. They support activities for individuals with serious or chronic health conditions, advance self-care by increasing healthcare knowledge, and address specific community needs through an array of other educational, service and outreach activities. Here are a few examples of why these programs represent the best of all of us, working together for the health of our community. Community health improvement services are carried out to improve community health. They extend beyond patient care activities and are subsidized by tower health. Programs are offered for free or at a very nominal fee to all community members. Reading hospital provides health education programs designed to educate and improve the health of the community. Free community based clinical care is offered at various times throughout the year and include free flu shots and cancer screenings, which include skin, cervical, breast, and oral. As the national cancer institute explains, when abnormal tissue or cancer is found early, it may be easier to treat or cure. During fy 2019 approximately 1,895 flu vaccines were provided to community members free of charge and over 126 free cancer screenings were given and. Prescription medications, medical equipment and transportation was also provided free of charge for patients who demonstrate need. Heartsafe berks county is an innovative program that places automatic external defibrillators (aeds) in key institutions throughout the county. An aed can help revive a person whose heart has stopped before emergency medical personnel arrive. A community wellness department was created to support reading hospital's community engagement endeavors. This department will be responsible for delivery of strategic health services for underserved population. Reading hospital's injury prevention program reaches thousands of area residents, educating them in safety as a way of life. The goal is to prevent those accidents and injuries that result in the highest patient volume in our trauma center. Our trauma center's education coordinator participates in and recruits staff to help with programs such as: (1)stop the bleeding program to prepare the public to save lives by raising awarness of basic actions to stop life threatening bleeding. (2) visits to elementary schools to review safety issues on the playground and school buses, as well as to promote the use of bike helmets. (3) fall prevention programs to raise awarness among older adults, families and caregivers about the seriousness of falls and ways to reduce them. (4) first aid stations at major community events, such as the reading fair, maple grove raceway events, and the mid atlantic air museum's world war ii weekend. Community benefit total: 192,576,874 (fiscal year 2019) direct patient care unreimbursed medicare: 59.3 million the difference between medicare charges and medicare payments and the actual cost of providing patient care. Unreimbursed medicaid: 49.4 million the difference between medical assistance charges and medicaid payments and the actual cost of providing patient care. Bad debt: 11.3 milli”

“Friends of reading hospital financial donation and 470 volunteers (69,199) hours) donated their time to support various projects such as providing prayer shawls, baby hats, chemo hats, neck pillows and hospice quilts. Donated funds for aed's for heartsafe berks county, farm bucks, centering pregnancy, and various other projects.”

“Operating room - 18,842 total surgeries reading hospital operates in a market served by nearly 20 specialty, investor-owned facilities, which carve out the best paying insurance plans, the highest margin procedures, and the least complicated patients to serve. By continuing to provide a full service surgical service, rh offers the most advanced surgical options, from robotic assisted, minimally invasive surgery to a full spectrum of outpatient surgical options. And to ensure our community has access to surgical specialities that may be experiencing shortages elsewhere in the country. Rh supports its surgeons in their fellowship training and recruits and retains surgeons in areas like plastic surgery - available only during limited hours or not at all, in other hospitals in its market.”

“Emergency care - 134,358 emergency room visits rh emergency department provides emergency, urgent and primary care services to our community "24/7/365," regardless of ability to pay. Volume to rh emergency department ranks it among the top three in the state of pennsylvania year after year. As the area's only accredited level 1 trauma center, rh also provides immediate access through its emergency department to all specialty services, from trauma surgeons to plastic surgeons, and all areas of sepciality care. The hospital also has a pediatric and psychiatric emergency department. In addition to its trauma certification, rh is the only hospital in the region to have made a commitment to accrediated care in stroke and chest pain. The hospital also is a center of excellence with 24/7 certified recovery specialists on site to provide warm hand-offs to patients with opioid and other substance use disorders. The department offers sexual assault nurse examiner (sane) program with the berks county district attorney to assist victims of sexual assault. The hospital also has an emergency medicine training program, paramedic school and nursing program.”

“Expenses are for treating inpatients, outpatients and emergency patients”

“Pension liability -39,841,317 intercompany asset transfer 17,007,184 assets released from restriction -24,467,907 corporate income tax -238,254 total -47,540,294”