Main Line Services

“As per the articles of incorporation, the sole member of main line services is main line diversified services, a pa nonprofit corporation. As sole member, main line diversified services holds certain powers of election and approval in connection with the governing body of main line services. These powers are presented in detail in the company's governing documents which the company makes available to the public upon request. Part vi, section b, line 11b the form 990 is prepared in conjunction with pricewaterhousecoopers llp and reviewed internally by management. It is then sent to the board of trustees for their review. The form 990 is reviewed at a meeting of the board of trustees prior to filing. Board of trustees prior to filing.”

“Annual conflicts of interest statements are required to be completed by all trustees, officers, directors, and other interested persons. Any conflict arising are referred to the governance committee for resolution. If deemed necessary or advisable, conflicts may be referred to the main line health board for resolution.”

“The process for determining the compensation paid to the ceo, top management officials and key personnel of the organization is as follows: in conjunction with an independent consulting firm, main line health system (formerly jefferson health system) utilized no fewer than three executive compensation surveys in determining the compensation of the main line health ceo. Market data representing functionally comparable jobs within similarly situated organizations was used in making these compensation determinations. After review and deliberation of the human resources & compensation committee of the board, compensation recommendations were reviewed by the full board. Base pay increases and additional long-term incentive payments as reported on schedule j for the period presented were reviewed and approved by the mlh human resources & compensation committee, along with short-term incentive payments included as reportable compensation on schedule j for the period presented. Further, the human resources and compensation committee of the main line health board, using the services of an independent executive compensation consulting firm and both national and regional healthcare delivery market comparable compensation data, is responsible for the evaluation and determination of senior executive benefits and compensation for the evp and chief financial officer, hospital presidents, and senior vice presidents. After review and deliberation, the committee documents its compensation decisions and reports to the full main line health board of governors. The compensation paid to key personnel of main line health system and affiliates is similarly determined using market survey data repersenting comparable positions in similar organizations as provided by independent consulting firms. Compensation recommendations at this level are reviewed and recommended by mlh compensation function to members of senior management.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“The officers devote their time to all of the organizations within main line health system and, as such, the total hours worked by the officers, across all of the organizations, cumulatively represent their full-time employment status.”

“Other program services for main line services include information services, centralized staffing and management for nursing administration, medical staff offices, biomedical engineering, project management, safety, insurance, financial support, materials management, internal audit, legal, marketing, compliance, and telecommunication services for members of the main line health system.”

“Other changes in net assets include an decrease of ($4,389,000) due to an increase in the pension projected benefit obligation in accordance with statement of financial accounting standards no. 158, "employers' accounting for defined benefit pension and other postretirement plans".”