Genesis Healthcare System

“The him department, including a director and manager, was outsourced in 2015. During 2017, a total of $4.65m in fixed monthly fees was paid to the management company and included all personnel salary, wage and benefit costs. Fees are part of an initial 5 year agreement and were based on a review of annual volume of medical records processed.”

“Franciscan sisters of christian charity sponsored ministries, inc., and bethesda care system (or their respective successors an assigns) are the members of the organization.”

“The members of the filing organization, have the right to elect or appoint one or more members of the organization's governing body, whether periodically, or as vacancies arise, or otherwise.”

“The members of the filing organization, have the right to approve or ratify decisions of the organization's governing body such as approval of the governing's body's decision to dissolve the organization.”

“The 990 is reviewed in its entirety by the cfo. An overview of the 990 is reviewed with the executive committee. A copy of form 990 is provided to the board of directors via a web portal for review.”

“The conflict of interest policy states that board members and officers have a duty to govern honestly and economically. All potential conflicts of interest must be disclosed to the board of directors and the board will determine if a conflict exists and appropriate procedures to mitigate the situation, such as alternative transactions and participation and voting restrictions. The compliance officer monitors and enforces these policies. All officers and directors review and sign a conflict of interest disclosure statement annually.”

“The compensation of the ceo is managed through a third party that is a nationally recognized firm specializing in compensation benchmarking and analysis. The firm is recognized for their expertise in evaluating total compensation at the executive level. This firm presents their recommendations and analysis to the compensation committee, which is made up of independent members of the genesis board of directors. The committee is responsible for making a recommendation to the board of directors regarding the executive compensation policy and specific components of the total compensation of the ceo. The ceo is actively involved in the review, analysis and recommendation related to the total compensation for the remaining members of the senior leadership team. The ceo determines the compensation of the senior leadership team members within the parameters established by the compensation committee. This compensation process was last completed in 2016.”

“The governing documents, conflict of interest policy, and consolidated financial statements are available to the public upon request.”

“Billing and collection fees: program service expenses 0. Management and general expenses 1,570,915. Fundraising expenses 0. Total expenses 1,570,915. Laundry service: program service expenses 1,416,881. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,416,881. Inpatient transport: program service expenses 129,688. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,688. Courier service: program service expenses 0. Management and general expenses 722,596. Fundraising expenses 0. Total expenses 722,596. Medical and professional fees: program service expenses 14,630,539. Management and general expenses 1,254,303. Fundraising expenses 0. Total expenses 15,884,842. Contract labor: program service expenses 3,172,991. Management and general expenses 4,950,753. Fundraising expenses 0. Total expenses 8,123,744. Purchased services: program service expenses 5,172,177. Management and general expenses 3,082,704. Fundraising expenses 0. Total expenses 8,254,881. Consulting: program service expenses 396,756. Management and general expenses 1,369,337. Fundraising expenses 0. Total expenses 1,766,093. Sponsorship fees: program service expenses 0. Management and general expenses 2,381,032. Fundraising expenses 0. Total expenses 2,381,032.”

“Gain in fair value of perpetual trust 4,473,538. Pledge receivable from related party -37,929,396. Reserve for coshocton county memorial 6,936. Contributed capital 40,000. Income from investment in community ambulance services 248,898.”

“The finance committee oversees the audit of the financial statements and is involved in the selection of the independent accountant which completes the audit. This process has not changed from the prior year.”

“This is the parent return for a group: genesis healthcare system group return, ein: 31-1773259”