Ladd Memorial Hospital Inc

“The completed form was reviewed and approved by the administrator and chief financial officer before the form was filed. The board of directors finance committee meeting and the full board of directors received a copy after the return was filed.”

“The organization has a conflict of interest policy that is monitored throughout the year. Annually the board of directors must attest to any known conflicts as defined by the policy. If at that time, or during the year, a member believes there to be a conflict they must disclose such existence to the board or committee that the opportunity pertains to. The remaining board or committee then must determine if a conflict actually exists. If so, the conflicted board member has the ability to present to the board on the matter but then must abstain from further discussion or voting on the matter.”

“In setting the compensation of the ceo and cfo, the executive committee shall comply with ladd memorial hospital, inc.'s conflict of interest policy and, without limiting that compliance, will: (a) act only with the participation of executive committee members who do not have a conflict of interest concerning the matter, (b) will obtain and rely upon appropriate data as to comparability, and (c) will adequately and timely document the basis for its determination, concurrently with making that determination. Appropriate data as to comparability can include, but is not necessarily limited to: compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions; the availability of similar services in the geographic area of the corporation; current compensation surveys compiled by independent firms; or actual written offers from similar institutions competing for the services of the same individual. Adequate and timely documentation will generally be minutes or other records of the executive committee meeting that state: the compensation and when it was approved; the executive committee members who were present and how each voted; the comparability data obtained and relied upon by the executive committee and a summary of how the data was obtained, and any action taken in specific compliance with the medical center's conflict of interest policy. If the executive committee approves a compensation package for the ceo or cfo that is higher or lower than the range of comparability data obtained, the basis for the determination outside the range must be recorded. Minutes or other records of the executive committee that document a decision on ceo or cfo compensation must be prepared before the later of the next meeting of the executive committee or 60 days after the decision, and must be reviewed and approved by the executive committee within a reasonable period thereafter.”

“Ladd memorial hospital, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Physician services: program service expenses 8,663,575. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,663,575. Anesthesia services: program service expenses 1,017,510. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,017,510. Lab services: program service expenses 900,333. Management and general expenses 0. Fundraising expenses 0. Total expenses 900,333. Radiology services: program service expenses 1,240,483. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,240,483. Other purchased services: program service expenses 337,993. Management and general expenses 293,488. Fundraising expenses 0. Total expenses 631,481.”