Institute for Healthcare Optimization Inc

“The form 990 is prepared by the external auditors and reviewed by management and financial staff. Revisions, corrections, etc. Are made as necessary. When all are satisfied with the form, it is finalized. A draft is circulated to the board and then the return is submitted to the irs.”

“Each year the organization's conflict of interest policy will be provided to all officers, directors and key employees. These people will be asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction might be a conflict, the board would examine the transaction and a vote would be taken (with those involved recusing themselves) as to whether the organization would enter into the transaction. No instances have arisen to date.”

“The organization has established a process for job classifications according to the level of education, knowledge, skill, responsibility and decision-making required for each position. The wage structure reflects these classifications and is intended to be competitive with that of similar organizations. Officers' compensation is approved by the board.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for the copies in accordance with irs regulations.”

“To improve the quality and reduce the cost of healthcare by (i) advancing the understanding and application of operations management ("om") to healthcare delivery through theoretical and applied research and the development of new techniques and tools; (ii) promoting the adoption of operational improvements to the healthcare delivery system through the establishment of hospital based "research laboratories" intended to advance the science of om and demonstrate the feasibility and practical benefits of applying om in improving healthcare; (iii) educating those involved in furnishing, administering, and financing healthcare about the problems that can be addressed by the application of om to healthcare delivery; and (iv) documenting the experiences and successes of om application and disseminating this knowledge to the general public.”

“Consulting expense: program service expenses 137,981. Management and general expenses 43,900. Fundraising expenses 0. Total expenses 181,881.”

“This process has not changed from the prior year.”