Samaritan Medical Practice PC

“The president of the organization is the sole shareholder and director.”

“Samaritan medical practice, p.c. Is a new york state professional services corporation which is a tax-exempt captive p.c. Pursuant to samaritan medical practice, p.c.'s by-laws, the board of trustees of the hospital is responsible for electing one or more members of the governing body.”

“Decisions of the governing body are not subject to prior approval of samaritan medical center. The shareholder agreement now limits the roles of shareholder and membership(s) on its governing body to employees of samaritan medical center. If samaritan medical center directs that ownership of the stock and governing authority be transferred to another employee of samaritan medical center for any reason, including the disapproval of any action taken by such individual, the existing shareholder shall resign as an officer and director of the organization within two (2) business days.”

“The organization's form 990 and accompanying schedules were reviewed by the executive committee of the board prior to filing. Form 990 was provided to each board member prior to filing.”

“Annual disclosure statements are required by all board members and key persons. We have been at 100% compliance with this requirement each year. Responses are reviewed initially by the chief executive officer and the chief operating officer for accuracy and completeness. This information is then put into a full report to the board of trustees for review and consideration in upcoming decision making. Board members and key persons affirm their understanding of their duty to report any additional or new potential conflicts throughout the year. Board members with a conflict are prohibited from participation in voting and decision making in related transactions.”

“The organization uses an external consultant to analyze and establish compensation and benefits for all executive positions. An evaluation is performed annually. The analysis includes a review of market data based on region, facility size, and respective responsibilities. This information is presented to the executive committee of the board of trustees for review and subsequently presented to the full board of trustees for approval.”

“The organization's governing documents and conflict of interest policy are not available to the public. The financial statements are filed as part of the annual nys department of health institutional cost report, and are available upon request.”

“Contracted services: program service expenses 3,030,930. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,030,930.”

“Equity transfer to samaritan medical center 8,253,472.”

“No changes from prior year.”

“Samaritan medical practice, pc is a captive physician practice which has as its main purpose the provision of medical services, it appropriately noted on form 1023 that it is a hospital. The state of new york does not require captive physician practices to be licensed as a hospital. As a captive physician practice, samaritan medical practice, pc has as its principal purpose the provision of medical care. Accordingly, it was (i) properly identified as a "hospital" on form 1023; (ii) properly identified as a "hospital" on form 990 schedule a; and (iii) should not be designated as a "hospital/hospital facility" on form 990 schedule h.”