Ohio Valley Hospital Professional Liability Self Insurance

“A draft of the form 990 is provided to the board of directors before it is filed with the internal revenue service (irs).”

“All employees, including management are required to sign an acknowledgment after reviewing our conflict of interest policy on an annual basis documenting an understanding of its contents. Employees sign this statement during annual mandatory education training. Any potential conflicts are referred to the appropriate vice president and human resources to confirm and resolve the conflict. Other potentially interested parties, such as board members, and officers 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 members is 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.”

“Transfers from qila 100,000.”