Nhv Physicians Professional Corporation

“Nhv physician professional corporation is incorporated under ohio law. It has a single shareholder. Its sole shareholder is at all times a physician licensed to practice medicine in the state of ohio. The shares are held subject to the terms of trust agreement between the shareholder, nhv physician professional corporation and partners physician group (fein 34-1843403)- an organization recognized as exempt from federal tax under irc 501(c)(3) and not a private foundation under irc 509(a)(2).”

“Partners physician group (fein 34-1843403) - an organization recognized as exempt from federal tax under irc 501(c)(3) and not a private foundation under irc 509(a)(2) - has as the sole power to elect the members of nhv physician professional corporation's board of directors as well as the power to appoint the sole shareholder.”

“The shares of nhv physician professional corporation are held subject to the terms of trust agreement under which numerous powers are reserved for partners physician group (fein 34-1843403)- an organization recognized as exempt from federal tax under irc 501(c)(3) and not a private foundation under irc 509(a)(2). Among those powers are final approval of corporate actions and budgets.”

“Nhv physicians professional corporation is a member of the akron general health system. Nhv physicians professional corporation prepares its form 990 internally. The return is subject to financial review by the chief financial officer of akron general health system, the vice president of accounting and finance of akron general health system, and reviewed for compliance with the reporting requirements of form 990 by the director of corporate tax for akron general health system.”

“Nhv physicians professional corporation is a member of the akron general health system (system). Akron general health system is the parent organization of the system and as such it determines certain policies and procedures applicable to all member organizations. In the case of conflict of interest reporting, akron general health system not only determines the policy and the procedure, it carries out the procedure for all system organizations itself. A conflict of interest questionnaire is distributed to all board members, management personnel, employed physicians and any other personnel that have been designated by management. The distribution covers all system organizations. All responses that indicate a perceived conflict of interest are turned over to the governance committee (the committee) of akron general health system for review. The committee makes a determination as to whether the perceived conflict is likely to be an actual conflict, the materiality of any actual conflicts and the extent of safeguards required for any actual conflicts. Safeguards include, but are not limited to, requiring, in the case of a board member, that the person recuse himself or herself from any discussions or voting that may be affected by the conflict, requiring the person to disengage from the conduct creating the conflict or requiring the person to resign from the position affected by the conflict. This process is conducted by akron general health system's legal services department annually. The conflict of interest letter puts the recipient on notice that he or she is under an ongoing duty to report any potential conflicts that may arise subsequent to this formal process. Subsequent event reporting is monitored by akron general health system's legal services department. Any subsequent reported items are subject to the aforementioned review process by akron general health system's governance committee.”

“The reporting organization is a member of the akron general health system. The exempt purpose of the system parent, akron general health system (aghs), is to support the members of that system. One of the support services that aghs provides is determining the compensation of the top management personnel of the reporting organization. Aghs follows a process for determining compensation of the organization's ceo and other top management personnel that is modeled after the requirements found in internal revenue code section 4958 for establishing the presumption of reasonable compensation. Therefore, the process calls for recommendations - developed by an independent compensation consultant, based on comparable market data from published surveys and the forms 990 of comparable organizations - that are within the range of the compensation of similarly situated persons at similarly situated organizations. These recommendations are reviewed by a committee of the reporting organization's board of directors. The committee is comprised of independent persons and the deliberations are documented, contemporaneously, in the committee's minutes. The compensation for all top management was reviewed for reasonableness using this process in 2012.”

“Currently, nhv physicians professsional corporation does not make its governing documents, conflict of interest policy, or its financials statements generally available to the public. Nhv physicians professional corporation does make these documents available on a case by case basis.”

“Effective december 31, 2013, nhv physicians professional corporation was merged into its parent company partners physician group. All assets and liabilities were merged into partners physician group.”

“Assets & liabilities merged into parent company partners physician group -579,758.”