Heritage Valley Health Systeminc

“A draft of the completed form 990 and all associated forms is made available electronically to all board of directors members and senior management for review and comment prior to filing with the internal revenue service (irs). The board of directors has delegated the responsibility of review and approval of the form 990 to the finance committee of the board, which meets, reviews, and approves the form 990 prior to filing.”

“Certain non-merit employees with job responsibilities that provide an opportunity to influence business decisions are required to sign the conflict of interest form annually. These conflict of interest statements are reviewed annually by the department director and system director for corporate compliance to determine if a conflict exists. Any potential conflicts are referred to the appropriate vice president and human resources to confirm and resolve the conflict. For merit employees, conflict of interest statements are reviewed annually by the department manager, vice president or ceo. Any potential conflicts are managed by the ceo. Other potentially interested parties, such as board members, officers and highly compensated employees sign a statement annually which affirms such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. The chairperson of the board reviews annually a summary of the disclosure statements so that the board members are familiar with potential conflicts.”

“Heritage valley health system's board of directors has appointed an executive compensation committee to review the salaries for the organization's ceo and other senior management officials. As part of the review, the executive compensation committee engaged an outside consulting firm to review the base salaries of the senior management team including the ceo in comparison to the market to ensure reasonableness of compensation. Market adjustments are made accordingly in instances where data supported such changes for this period. Bonuses are paid in accordance with an incentive compensation plan which was developed and approved by the board of directors several years ago.”

“The organization publishes condensed financial statements for public use on its website www.heritagevalley.org. Governing documents and policies, including conflicts of interest, are made available upon request.”