Wellmont Cardiology Services

“The business and affairs of wellmont cardiology services (the corporation) shall be governed exclusively by the board of directors. The corporation's board of directors is designated by wellmont health system, the sole member of the corporation. In addition to such rights of approval and consent as may be reserved to the sole member of the corporation pursuant to applicable law, transactions of the following matters by the corporation shall require the prior approval of wellmont health system, the sole member of the corporation: (a)implementation of corporation's annual budget, (b)incurring any loan or other indebtedness for borrowed money, (c) acquisition of any equipment or personal property for a purchase price in excess of 50,000 or the acquisition of any real estate, regardless of purchase price, (d) the undertaking of certain contractual commitments, (e) entering into any plan of merger or consolidation, (f) acquisition of substantially all of the assets of any other legal entity, and (g) institution of any litigation by or on behalf of corporation.”

“See form 990, part vi, section a, line 6 for explanation.”

“See form 990, part vi, section a, line 6 for explanation.”

“Margaret d. Denarvaez (term 9/16/14) 1905 american way kingsport, tn 37660 tracey p. Moffatt (term 10/3/14) 1905 american way kingsport, tn 37660 vyvyan derouen 1905 american way kingsport, tn 37660”

“Wellmont cardiology services' form 990 is reviewed by the senior vice president of finance, the corporate controller, and the manager of accounting for wellmont health system and the board of directors of wellmont cardiology services prior to filing. Any questions or comments arising from the initial review are addressed to ensure the return is complete and accurate. Any changes or corrections are identified, revised in the return, and reviewed by the individuals listed above prior to filing with the internal revenue service.”

“Officers, directors and key employees are required to sign a conflict of interest policy acknowledgement. Any potential conflicts are discussed with the compliance and audit services department, as they arise. Wellmont cardiology services' officers, directors and key employees are governed by wellmont health system's conflict of interest policy. Wellmont health system also has a policy on business practices that discusses conflict of interest and informs the workforce to disclose any issues to the compliance and audit services department, for resolution. Wellmont health system also uses a hotline that allows anonymous reporting of possible conflict of interest situations for investigation by the compliance and audit services department.”

“Gerald g. Blackwell, m.d. Receives no compensation for serving as president of the board of directors of wellmont cardiology services. The compensation that gerald g. Blackwell, m.d. Receives as a physician of wellmont cardiology services is reviewed, approved and documented by the wellmont health system board of directors. Wellmont health system uses one or more of the methods described to establish the compensation of gerald g. Blackwell, m.d. The compensation of barton a. Hove, the president and ceo of wellmont health system, is reviewed, approved and documented by the wellmont health system human resources committee and board of directors. Barton a. Hove is also a board member of wellmont cardiology services. In addition, these bodies use comparability data to determine the appropriate compensation. All compensation deliberations and reviews are contemporaneously documented. The last compensation deliberation and review process for barton a. Hove was completed and approved by the board of directors of wellmont health system on march 20, 2015. The compensation of margaret d. Denarvaez, the former president and ceo of wellmont health system through september 16, 2014, is reviewed, approved and documented by the wellmont health system human resources committee and the board of directors. Margaret d. Denarvaez is also on the board of directors of wellmont cardiology services. The last compensation deliberation and review process for margaret d. Denarvaez was completed november 29, 2012, and approved by the board of directors of wellmont health system on december 4, 2012.”

“The compensation of the other officers and key employees of wellmont cardiology services are reviewed, approved and documented by the wellmont health system human resources committee of the board of directors. Other officers and key employees of the organization have written employment contracts, and compensation is based on surveys/studies and then approved by the wellmont health system ceo. In addition, these bodies use comparability data to determine the appropriate compensation. All compensation deliberations and reviews are contemporaneously documented. This process is completed on an annual basis. The human resources committee of the board of directors review the salary and market compensation data for the following other officers and key employees on december 10, 2013. - wellmont health system chief operations officer - tracey p. Moffatt - wellmont health system executive vp and chief financial officer - alice pope wellmont health system uses one or more of the methods described to establish the compensation of the following other officers and key employees. - bristol regional medical center president - greg neal - holston valley medical center president - tim attebery - wellmont health system vp of finance - todd dougan - wellmont cardiology services executive director - vyvyan derouen”

“Wellmont cardiology services' governing documents and conflict of interest policy are not available to the public. Wellmont health system's audited financial statements and quarterly unaudited financial statements are available through the electronic municipal market access website.”

“Average hours per week the secretary and various board members serve in a different capacity for several related organizations. The majority of their time is devoted to a related organization (greater than 38 hours per week). However, board members who are physicians have dedicated an average of 40 hours per week to wellmont cardiology services.”

“In 2013, holston valley medical center and bristol regional medical center were two of only 197 hospitals nationwide to receive the american college of cardiology's platinum performance achievement award. This award recognizes the hospitals' commitment to and success in implementing a higher standard of care for heart attack patients and signifies they have reached an aggressive goal of treating these patients to standard levels of care outlined by the american college of cardiology. Our mission is to improve the cardiovascular health of our region. It is our vision to deliver high quality, cost-effective heart and vascular care with compassion. Wellmont cardiology services consists of 38 board-certified cardiologists and cardiovascular and thoracic surgeons serving 13 community offices and the seven member hospitals of wellmont health system. We diagnose, treat and manage all aspects of adult cardiovascular disease. Our services include general cardiology, preventive cardiology, electrophysiology, interventional cardiology, vascular medicine, structural heart disease, heart failure management, cardiovascular and thoracic surgery and advanced cardiovascular imaging. We also serve as a leader in clinical research and teaching institution through the cardiovascular university. We are dedicated to improving our community's access to quality, affordable health care, educating our region's caregivers, improving the health status of our communities, and contributing to the quality of life in the areas we serve. Overall, we returned more than 21,852,184 in benefits to our community. For fiscal year 2015, we had 96,835 outpatient encounters and performed 1,417 inpatient surgical procedures. Regardless of race, religion, ethnicity or ability to pay, wellmont cardiovascular services treats all patients for medically necessary conditions. Recognizing that some patients cannot afford essential medical services, we provided care for indigent patients, writing off 2,399,553 of charges and incurring costs of 1,463,727. Additionally, we provided care to persons covered by medicare, medicaid, tenncare and champus at less than cost. Due to mandated reductions in medicare funding from the balanced budget act and declining reimbursement from tenncare, the shortfall between receipts and the cost of providing care to these patients totaled 17,988,904. It is our obligation to support the causes that improve the quality of life in our region. We sponsored or participated in educational, community- based programs on healthy lifestyles, risk factor identification, diagnosing and treatment options, including continuing education programs for physicians, nurses and allied health professionals. Such initiatives included: -9th annual heart talk -regional healthcare symposium -diabetes expo -diabetes symposium -presentation to medical societies -community outreach with area churches -participation with local support groups -presentations to area civic organizations we participated in the following employer-based events: -robinette company health fair, which included blood pressure screenings -bristol compressors heart healthy lunch and learns additionally, donations totaling 9,400 were made to laughlin memorial hospital and neil danehy heart foundation. The level one heart attack network is a partnership with local communities, emergency medical service providers, area emergency departments and wellmont cardiology services. The continued development of the network has improved our ability to provide prompt and effective heart attack treatment for patients experiencing a cardiac emergency. Bristol regional medical center was the only hospital in tennessee and virginia to receive gold recognition by the american heart association for the 2013 mission: lifeline stemi-receiving award for rapid and effective heart attack treatment times. And this year, bristol regional received mission: lifeline gold, gold plus and gold plus achievement awards for following the”

“Intercompany resolution 12,439,471 intercompany - hospital allocations 21,121,823 rounding -1”