Medica Research Institute

“Medica's tax advisors complete the return. Prior to obtaining the signature of medica's cfo, the return is reviewed by medica research institute's executive director and its manager of financial reporting & grants management, as well as medica's controller. A copy of form 990 is also presented to the institute's board of directors.”

“Medica's general counsel monitors the annual completion of all employees' conflict of interest statements. Also, at the beginning of each research study, the institute's research compliance manager monitors completion of conflict of interest statements for all project staff. Sanction checks are conducted annually for all current employees and prior to hire of all new institute employees. Corrective action is taken if employees fail to submit necessary disclosures, intentionally submit erroneous or inaccurate information, or fail to abide by any conflict of interest strategies imposed by medica's general counsel or the institute's research compliance manager.”

“Medica research institute does not have any employees. All compensation is paid by medica health plans, a related organization. Medica health plans uses the following process to determine compensation: the personnel and compensation committee, as described in the charter, reviews and obtains the board's approval for total compensation for the president/ceo. The committee also reviews and approves total compensation recommendations made by the ceo for the executive and senior vice presidents, and reviews all officer compensation and annual performance goals approved by the ceo. The committee reviews and makes recommendations to the board regarding officer and non-officer compensation guidelines for medica and its subsidiaries, periodically reviewing market data to assess medica's competitive position. Outside the charter, the personnel and compensation committee works with an outside consultant to review market data that aids in setting the compensation for the officers and key employees.”

“As medica research institute does not consider its conflict of interest policy to be a confidential or proprietary document, it has posted the document on its website and will make it available to anyone who requests it. Articles, bylaws, and form 990 tax returns are also available upon request for the same period of disclosure as set forth in section 6104(d).”

“Certain individuals reported on form 990, part vii split their time between several of the medica entities (medica health plans, medica health plans wi, medica foundation, medica research institute, medica affiliated services, medica insurance, medica self-insured, and medica health management). The average hours per week reported in part vii are the total hours per week for all medica organizations.”

“Medica research institute does not have a formal audit committee. Medica health plans' full board assumes responsibility for audit oversight and selection of an independent accountant.”