Ihn Sourcing Group

“The organization has a services agreement with vizient inc. Also, vizient employees provides services to ihn.”

“The members of the organization are the hospitals and health care systems participating in the health care sourcing. Each member is bound by the terms and conditions set forth in the governing documents of the organization.”

“The members of the organization are the hospitals and health care systems participating in the health care sourcing and have the power to appoint members of the governing body.”

“The members of the organization have reserved the power to approve certain governance decisions of the organization.”

“The form 990 was prepared by an independent cpa firm based on information provided by vizient inc. Members of vizient and ihn finance committee carefully reviewed and analyzed the tax return. The department reconciled the general ledger amounts to the appropriate schedules on the form 990 and compared those amounts to the internal financial statements. In addition, the finance department performed a comparative analysis to the prior year return. The analysis and reconciliation schedules, along with a complete copy of the 990, were provided to the finance chair for review and approval.”

“The directors and officers of ihn are required to disclose to the board any actual or potential conflict of interest that could possibly cause that person to act in other than the best interest of ihn. If a director or officer of ihn believes a conflict of interest exists, he or she is required to disclose the conflict to the board. He or she will then abstain from any vote regarding the conflict. If the board has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

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

“MISCELLANEOUS 41,988.”