Cumberland Memorial Hospital Inc

“The return is reviewed by the chief financial officer and a final draft is given to the board members of cumberland memorial hospital. Upon approval from the board members, the return is filed with the internal revenue service (irs).”

“Cumberland memorial hospital requires its board members to sign a conflict of interest statement annually. Officers and key employees of cumberland memorial hospital, inc. Sign a code of conduct statement. In the code of conduct statement, it mentions the conflict of interest. Any person that believes to have a conflict should disclose as a matter of record to the board on an annual basis or as the interest develops and before it is consummated. Any director having a conflict may not vote or use personal influence on the matter. The director can state their position on the matter before abstaining from vote.”

“Executive salaries are set annually considering compensation levels at similarly situated organizations (typically not-for-profit health care organizations in similar revenue categories). The board of directors is responsible for setting the salary of the ceo based on job performance. The board relies upon comparability data developed by outside consultants to support its decision-making process and to ensure competitive salary levels. All other non-union wages are reviewed semi-annually in comparison to the rural wisconsin health cooperative wage survey. This wage survey includes wage data from rural health care organizations. The goal of the organization is to remain within the wage survey averages, based on years of service to be competitive with similar organizations.”

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

“Other purchased services: program service expenses 1,458,137. Management and general expenses 532,993. Fundraising expenses 0. Total expenses 1,991,130. Contracted er physicians: program service expenses 448,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 448,474. Contracted - pharmacy: program service expenses 1,615,260. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,615,260. Contracted radiology/nuclear medicine services: program service expenses 1,303,665. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,303,665. Contracted physician fees: program service expenses 250,576. Management and general expenses 0. Fundraising expenses 0. Total expenses 250,576.”

“Cumberland memorial hospital's entire board of directors is responsible for the financial statement audit and selection of the independent accountant. The audited financial statements are reviewed by the board of directors annually and any questions or concerns regarding the statements are addressed by the independent accountant. This process has not changed from the prior year.”