Fairfield Medical Center

“Various members of the board of directors are key employees and/or officers of organizations that may conduct normal, arms length transactions with one another.”

“The 990 is reviewed by the finance board and audit committee of the organization after review by the chief financial officer. Then, it is made available for board member review prior to filing.”

“Directors, president, vice presidents, managers, case management employees, contracts & collections employees, employees with direct purchasing responsibilities, employed physicians, and employees who are contracted or shared with other organizations are required to complete an annual questionnaire disclosing potential conflicts of interest. If a known or perceived conflict of interest arises, the compliance officer investigates, documents, and works to resolve the conflict of interest.”

“Annually, the compensation committee compares officer and key employee compensation to regional industry averages. This committee consists of independent members of the board of directors. Compensation adjustment recommendations are submitted, to be included in the budget, to the finance and audit committee. Compensation adjustments are taken to the board of directors for final approval, and if approved are then implemented.”

“The governing documents, conflict of interest, and financials are made available to the public by request made to fmc management.”

“Purchased services: program service expenses 19,152,377. Management and general expenses 13,821,422. Fundraising expenses 0. Total expenses 32,973,799. Physician fees: program service expenses 18,087,281. Management and general expenses 7,466,998. Fundraising expenses 0. Total expenses 25,554,279. Consultant fees: program service expenses 196,304. Management and general expenses 81,041. Fundraising expenses 0. Total expenses 277,345.”

“Asset transfer to affiliates -22,422,217. Change in interest of net assets of foundation -694,514.”

“The process of selecting an independent accountant and oversight of the audit has not changed from the prior year.”

“Other fees for services include lab testing, administrative consulting, outsourced biomedical services, outsourced collection services, outsourced it services and other general purchased services.”

“The other change in net assets reported represents intercompany transfers between fairfield medical center and related organizations (see schedule r) for fixed asset purchases, shared employees, expenses and other intercompany transactions.”