Sacred Heart Foundation

“The organization delegated control over management duties of the chief financial officer position to an independent firm; regner & associates, l.l.c. For the fiscal year ended june 30, 2014. Amounts paid for these services totalled $456,026 and were rendered at fair market value rates pursuant to arm's length negotiations.”

“Sacred heart healthcare system is the sole member of this organization. Sacred heart healthcare system has the right to elect the members of this organization's board of directors and has certain reserved powers as defined in this organization's bylaws.”

“The organization is an affiliate in the sacred heart healthcare system ("system"); a tax-exempt integrated healthcare delivery system. Sacred heart healthcare system is the parent entity of the system. The organization's federal form 990 was provided to each voting member of the organization's governing body (its board of directors) prior to the filing with the irs. In addition, the sacred heart healthcare system audit committee also performed a detailed review of the federal form 990 prior to providing it to each voting member of its board of directors. Sacred heart healthcare system board of directors has delegated to the audit committee the responsibility to oversee and coordinate the federal form 990 preparation and filing process for the tax-exempt affiliates of the system. As part of the organization's federal form 990 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 controller and various other individuals of 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, including, but not limited to, those individuals outlined above, for their review. The organization's internal working group and other individuals 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 and various other individuals for final review and approval prior to presentation of the federal form 990 to the members of the sacred heart healthcare system audit committee. Following the audit committee's review the final federal form 990 was provided to each voting member of the organization's governing body prior to the filing with the irs.”

“The organization has adopted a conflict of interest policy which sets forth the organization's conflict of interest policy and processes. Annually, all those serving the organization in a fiduciary capacity, including directors, officers and key employees receive a copy of the policy and annual disclosure statements to be completed. In accordance with the policy, those disclosures are reviewed and considered by the organization's president and ceo and, as appropriate, the board of directors.”

“On an annual basis the human resources department of the organization provides the board with compensation market data to review and consider with respect to all key employees and officers of the organization. The board reviews the market data, 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 organization's incentive plans. All of these discussions are documented through the provision of meeting minutes.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the commonwealth of pennsylvania secretary of state.”

“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 this organization and related organizations and not for services rendered as a voting member or officer of this organization's board of directors.”

“The organization is an affiliate in the sacred heart healthcare system ("system"); a tax-exempt integrated healthcare delivery system. The system includes both for-profit and not for-profit organizations. Certain board of director 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, represents the estimated hours devoted per week for this organization. To the extent these individuals serve as a member of the board of directors of other related organizations in the system, their respective hours per week per organization are approximately one hour. 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.”

“Sacred heart healthcare system is a not-for-profit entity that operates as the parent organization of sacred heart hospital, sacred heart ancillary services, inc., sacred heart foundation and sh realty corporation. Sacred heart hospital, a not-for-profit entity, provides acute care services to the local community. Sacred heart ancillary services, inc. Is a pennsylvania for-profit entity providing pharmacy and infusion services to the general public. Sacred heart foundation is a not-for profit entity providing management services. Sh realty corporation, a not-for-profit entity, holds real estate. Mission: sacred heart healthcare system is committed to providing healthcare and wellness, from conception to natural death, through quality services and programs based on the catholic ethical and religious directives. Our healthcare network continues its leadership in the community through collaboration and affiliation with recognized regional and national experts. We assure that the system will remain viable by providing cost effective and value-driven services. A program of continuous performance improvement enables us to respond to the needs of the community while giving meaningful employment, education and training to our employees. In fulfilling this mission, sacred heart healthcare system recognizes the dignity and eternal destiny of each individual with special concern for the sick and the poor. Sacred heart hospital is located in an area with a high concentration of low income households. As a result, the hospital provides care to a large number of indigent patients. In the fiscal year ended june 30, 2014 patients with medicaid, ma managed care or no insurance at all made up 28% of sacred heart's inpatient volume and 32% of its outpatient volume. The hospital provides charity care to patients who meet certain criteria by providing services at a reduced rate or at no charge at all. In fiscal year 2014 the hospital wrote off $2.2 million in charges pursuant to its charity care policy. Also, in recognizing its mission to the community, the hospital provides care to persons covered by medical assistance which reimburses the hospital below incurred costs. The missionary sisters of the most sacred heart religious order in germany arrived in allentown on june 15, 1912 to help care for the sick and injured of the sacred heart parish during a widespread diphtheria outbreak. As diphtheria raged, the sisters gave dispensary services as well as visiting nurse services. This was the actual "start" of sacred heart hospital. In 1915, the actual founding of sacred heart hospital as a community institution was formalized and dedicated. Two years later, sacred heart hospital was officially incorporated under pennsylvania law. In 1920, sacred heart hospital received approval to train interns and in 1922 was accredited by the american college of surgeons. Since then, sacred heart hospital has expanded its campus and its reach across our community. Our campus includes a 215-bed catholic medical center which offers a wide range of advanced medical, surgical and outpatient hospital services. Sacred heart healthcare system and its affiliates ("sacred heart") provide a vast range of specialty services at our 421 chew street location in allentown, pa, including bariatric services, behavioral health, cancer care, cardiac services, emergency services, endovascular services, imaging services, laboratory services, lung and respiratory services, neurodiagnostic testing, neurology, orthopedics, pain management, senior services, sleep disorders, stroke care, surgical services, transitional care, women's health and wound care services. In addition to hospital services, sacred heart provides an extensive list of medical services outside of the hospital to better meet the needs of our patients and community populations. A network of physician practices throughout lehigh and northampton counties provides complete primary medical care to the region's residents. In”

“Sacred heart hospital has been granted primary stroke center certification by the joint commission. The joint commission's certificate of distinction for primary stroke centers recognizes centers that make exceptional efforts to foster better outcomes for stroke care. Achievement of certification signals that the services sacred heart hospital provides have the critical elements to achieve long-term success in improving outcomes. Transitional care facility (tcf) received a "five star" rating by the u.s. Centers for medicare and medicaid services. Tcf was one of only two facilities in lehigh and northampton counties to receive this honor. The commission on cancer (coc) of the american college of surgeons (acos) granted three-year approval with commendation to the center for cancer care at sacred heart hospital. The coc recognized the oncology program at sacred heart hospital as offering high-quality cancer care. Only one in four cancer programs at hospitals across the u.s. Receives this special approval. It recognizes the quality of sacred heart's comprehensive patient care and our commitment to providing patients with access to all of the various medical specialists involved in diagnosing and treating cancer. All imaging modalities at sacred heart hospital and sacred heart imaging northampton have been awarded a three-year term of accreditation in imaging by the american college of radiology (acr). Sacred heart pharmacy was granted accreditation for home infusion therapy services from the community health accreditation program (chap). Chap is the leader in community-based healthcare accreditation services in the u.s. And is an alternative to the joint commission. Chap is an independent and non-profit accrediting body. Chap's goal is for home care to not only prosper but gain strength in the overall healthcare industry. The vascular laboratory has been accredited by the intersocietal commission for the accreditation of vascular labs (icavl) since 1996 and was granted a three-year re-accreditation. Sacred heart hospital received the gold plus get with the guidelines-stroke achievement award for stroke recognition. Get with the guidelines-stroke helps sacred heart hospital's staff develop and implement acute and secondary prevention guideline processes to improve patient care and outcomes. The program provides hospitals with a web based patient management tool, best practice discharge protocols and standing orders, along with a robust registry and real-time benchmarking capabilities to track performance. The cardiovascular rehabilitation program is accredited by the american association of cardiovascular and pulmonary rehabilitation (aacvpr) and was granted a three-year re-accreditation.”

“Other changes in net assets or fund balances include: - transfers from affiliates, net - $29,995.”

“The organization is an affiliate within the sacred heart healthcare system ("system"), a tax-exempt integrated healthcare delivery system. The system's parent entity is sacred heart healthcare system. An independent cpa firm audited the consolidated financial statements of the taxpayer and all affiliates for the years ended june 30, 2014 and june 30, 2013; respectively and issued a consolidated financial statement with consolidating schedules by entity. An unqualified opinion was issued each year by the independent cpa firm. Sacred heart healthcare system's audit committee assumes responsibility for oversight of the audit of the system's consolidated financial statements and the selection of an independent auditor.”