Fair Share Hospitals Collaborative

“The organization's federal form 990 was provided to each voting member of its governing body, its board of directors, prior to filing with the internal revenue service ("irs"). As part of the tax return preparation process the organization hired a professional certified public accounting ("cpa") firm with experience and expertise in both healthcare and not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's personnel to obtain the information needed in order to prepare a complete and accurate tax return. The cpa firm prepared a draft federal form 990 and furnished it to the organization's personnel for review. The organization's personnel reviewed the draft federal form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's personnel for final review and approval prior to providing it to the board of trustees prior to filing with the irs.”

“The fair share collaborative's board of directors has been delegated the responsibility of the review and approval of the executive director's compensation package. The board's review is done on at least an annual basis and ensures that the "total compensation" of the executive director is reasonable. The board of directors is comprised of members each of whom are independent and are free from any conflicts of interest. The board relied upon appropriate comparable data in determining the compensation of the executive director. Please note that the organization has no other paid employees. However, if there is a need in the future for additional employees, a compensation review and approval process that meets the criteria of the rebuttable presumption of reasonableness will be implemented.”

“The organization's filed certificate of incorporation and any amendments can be obtained and reviewed through the state of new jersey department of the treasury.”

“Mission ========== the mission of the fair share hospitals collaborative ("collaborative"), a not-for-profit organization, is: - to provide the highest level of health care to all new jersey residents, regardless of their ability to pay, by seeking fairness in distribution of state and federal health care funding. The collaborative's particular focus is helping its member hospitals and health systems provide accessible and accountable care to their communities. - to seek fairness in the distribution of state and federal healthcare funding in order to ensure new jersey hospitals' ability to provide access and quality care to charity, medicaid-eligible and uninsured patients throughout the state of new jersey. - to advocate for the needs of its members as health care reform is developed and implemented. Principles ========== the guiding principles of the fair share hospitals collaborative are to ensure that: - new jersey residents have access to high-quality, cost-effective patient care at all of the state's hospitals. - the state provides adequate funding for health care as well as fair and equitable distribution of those funds to ensure access to high-quality, cost-effective patient care, with such funding following the patients. - hospitals are held accountable for their use of public funds to support access to and the provision of quality and cost-effective patient care. - state health care funding policy and distribution formulas should take into consideration the following: - all sources of government funding. - the total of all uncompensated care provided by each hospital and the burden of bad debt incurred by each hospital. - hospitals cannot sustain cost shifting. - state health care policy should fairly distribute graduate medical education funding to all teaching hospitals.”