Methodist Research Institute Inc

“Methodist Research Institute is part of a multi-entity hospital system controlled by IU Health, a 501(c)(3) tax-exempt organization whose board is comprised of voting members, of which substantially all are independent community members.”

“Line 6: The Corporation's sole member shall be IU Health, a 501(c)(3) tax-exempt hospital. Line 7a: Members of the Board of Directors shall be elected by IU Health, as the sole member. Line 7b: Notwithstanding any other provisions of the Articles of Incorporation or any provisions of the by-laws, the following matters require approval of IU Health prior to implementation: (a) Any amendment of the Articles of Incorporation or Bylaws of the Corporation; (b) Adoption or revision of any operating or capital budget of the Corporation; (c) A merger or consolidation of the Corporation; (d) Any sale, lease, conveyance, mortgage, pledge or other disposition of a substantial portion of the property, assets or interest of the Corporation, other than pursuant to a budget approved by IU Health; and (e) Any incurrence of debt by, or the creation of any lien upon the property or revenues of, the Corporation other than in the ordinary course of business or pursuant to a budget approved by IU Health. IU Health shall have the power to direct the board of directors of Methodist Research Institute to do any of the following: (a) Transfer property of the Corporation in amounts sufficient to pay the principal and interest of any obligation of IU Health; and (b) Take such actions as are required in order for the Corporation to comply with the covenants contained in any financing document to which IU Health is a party or under which IU Health is bound.”

“The Treasurer reviewed and approved the Form 990 prior to its filing.”

“Methodist Research Institute is part of the IU Health system. As the sole member and controlling parent of Methodist Research Institute, IU Health and its Board of Directors have mandated that certain policies be followed to ensure greater standardization throughout the system. Thus, Methodist Research Institutes Board of Directors was not required to separately adopt a conflict of interest, whistleblower, document retention and destruction and joint venture policies because IU Healths Board of Directors had already adopted and required these policies to be followed by its subsidiaries.”

“Methodist Research Institute follows IU Healths Conflict of Interest Policy. IU Healths Conflict of Interest Policy includes the following provisions: All IU Health employees, associates, colleagues and contracted personnel, including employed physicians and paid medical directors ("IU Health Representatives") are covered by and subject to its Conflict of Interest Policy. IU Health regularly and consistently monitors and enforces compliance with the policy through the following procedures: (a) On an annual basis, each IU Health Representative at the level of Manager or above, together with every other person designated by the Corporate Compliance Department ("Department"), must complete, sign and submit a Conflict of Interest Questionnaire ("Questionnaire") to the Department. Governing board members, committee members, corporate officers, medical staff and researchers must comply with the administrative requirements noted in the respective policies and procedures relative to those areas. (b) An IU Health Representative must supplement a Questionnaire in writing, if after completion of the original Questionnaire, a situation arises, or may reasonably be expected to arise, that would change any answer or information on the original Questionnaire if the situation had existed or been anticipated at the time of completion of the original Questionnaire. (c) If a fully and properly completed Questionnaire reveals facts or other information that might reasonably indicate a Conflict of Interest or violation of the policy, the IU Health Representative completing the questionnaire must secure approval by his/her supervisor, evidenced in writing. (d) The Department will review each Questionnaire and determine whether a Conflict of Interest exists and, if so, whether and how it should or may be eliminated, avoided or managed in order to comply with the spirit of the policy and with the best interests of IU Health and its patients. In making the determination, the Corporate Compliance Department may consult with the IU Health Representatives supervisor and other appropriate individuals and groups. (e) The scope of the policy is not limited to those who are required to complete Questionnaires. If an IU Health Representative is involved in a situation or relationship that would constitute a violation of the policy in the absence of disclosure and approval as described above, then the IU Health Representative must disclose the matter to his/her supervisor, secure his/her supervisors approval in writing, and disclose the matter to the Department. Otherwise, the IU Health Representative is in violation of the policy and subject to corrective action, up to and including termination. (f) The Chief Compliance Officer, in consultation with onsite Compliance personnel, may from time to time appoint standing or ad hoc committees to assist in resolving issues that arise under provisions of the policy.”

“Methodist Research Institutes Medical Director/CEO is employed by IU Health Physicians. IU Health Physicians has the following process in place to determine the compensation for its CEO and other executives: IU Health Physicians engages an independent compensation consultant who utilizes a variety of methods and procedures to establish market ranges for its executives. The market ranges provided by the independent consultant is used by the Compensation Committee to review and establish the yearly pay increases for the executives. The Compensation Committee reviews the market data for the other executives and delegates the annual pay increase decision to the CEO, who uses the market data to drive the annual pay increase decisions.”

“Methodist Research Institutes Articles of Incorporation are available for public inspection through the Indiana Secretary of State's website. Methodist Research Institutes conflict of interest procedures are disclosed on Form 990, Schedule O. Methodist Research Institute is a subsidiary in IU Health's Consolidated Audited Financial Statements. IU Health's Consolidated Audited Financial Statements are available for public inspection through its bond filings and as an attachment to IU Health's Form 990.”

“http://iuhealth.org/methodist/for-researchers/methodist-research-institute /”

“Description:other prof./shared services total fees:2194825”