Hshs Holy Family Hospital Inc.

“Effective july 15, 2013, the hospital entered into an agreement with alden management services, inc. (alden) to provide management services for the daily operations of fair oaks nursing home, which is a department of the hospital. Fair oaks is a 108 bed skilled nursing facility that provides skilled nursing and rehabilitation services to residents. The agreement has a term of one year beginning on the effective date of july 15, 2013 and can be cancelled by either party with a thirty-day notice. Under the terms of the agreement, alden is responsible for the net revenues or losses of the facility, calculated as the actual cash collections less any refunds and expensesattributable to the facility as defined in the agreement. For the year ending december 31, 2013 the hospital recognized approximately $423,000 of other operating revenue related to the losses that are to be funded by alden. As of december 31, 2013 the hospital has recognized an approximate receivable of $143,000 from alden on the consolidated balance sheet. Subsequent to year end, effective february 21, 2014, the hospital and alden terminated the management services agreement and the hospital announced closure of fair oaks.”

“Reviewed by key employees (cfo, ceo, cno) and distributed to the board of directors via email before final submission. Ample time is allowed for board members to review the 990 and suggest any changes prior to final submission.”

“Each year, the board of directors and any key employees, highest compensated employees, and members of management complete a relationship/conflict of interest questionaire. Any conflicts that arise are dealt with accordingly by the organization's officers.”

“The executive committee of the board and the hospital's human resources' collaborate and make a final determination by reviewing comparable salaries of the region.”

“Greenville regional hospital makes its form 990 available for public inspection upon request, but its governing documents, conflict of interest policy and financial statements are not made available to the public.”

“Net transfers between affiliate 274,005.”

“The organization has an audit committee that oversees the audit and the selection of the independent auditor.”