Ohio Valley General Hospital

“RehabCare Group Inc. has been contracted to manage the Acute Rehab Unit of the hospital. Telecare Corporation has been contracted to manage the hospitals Geriatric Psychiatric Unit of the hospital. National Healing has been contracted to manage the hospital's Wound Healing facilities. All three groups responsibilities include departmental budgeting, staffing, office management, as well as patient scheduling, care, and billing for the facility.”

“A draft of the form 990 is presented to the finance committee for its preliminary approval and then to the board of directors for final approval before it is filed with the internal revenue service (irs). The board of directors approves the final draft of the form 990 before it is filed with irs.”

“Every year, the Board of Directors of Ohio Valley Hospital distributes to its Directors and key hospital management the conflict of interest policy. Each recipient must list any possible conflict, sign and return the conflict statement. Included in the policy is specific language regarding the conduct of the individual with the potential conflict. Persons in question are required annually to complete the conflict of interest questionnaire. Any potential conflicts are reviewed by the Chairman of the Board for possible action. A list of annual payments made to the disclosed entities is maintained by the Hospital's President's Office.”

“The hospital utilizes the Healthcare Council of Western Pa's salary survey in determining compensation for officers and key employees, in order to ensure compensation does not exceed fair market value. The board of directors compensation committee approves all salary increases for the CEO, CFO, Executive VP, HR VP, and Nursing VP.”

“The organization's governing documents, conflict of interest policy, and financial statments are made available to the public upon request.”

“Purchased Services: Program service expenses 1,842,231. Management and general expenses 1,414,302. Fundraising expenses 0. Total expenses 3,256,533. Temporary Help: Program service expenses 630,201. Management and general expenses 483,812. Fundraising expenses 0. Total expenses 1,114,013. Consulting Fees: Program service expenses 74,570. Management and general expenses 44,932. Fundraising expenses 0. Total expenses 119,502. Contract Agreements: Program service expenses 2,409,546. Management and general expenses 1,849,836. Fundraising expenses 0. Total expenses 4,259,382. Professional Fees: Program service expenses 1,024,606. Management and general expenses 786,602. Fundraising expenses 0. Total expenses 1,811,208.”

“PENSION LIABILITY ADJUSTMENT 5,259,826. Change in fair value of derivative 261,216.”

“This organization does have a committee that assumes the responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. The organization did not change this oversight process or its selection process from the previous year.”