Bon Secours Charity Health System Affiliated Group

“The members of bschs are as follows: wmc - rockland, inc. - 60% bon secours mercy health, inc. Together with sisters of charity (soc) - 40%. Pursuant to new york state law, as an organization engaged in the profession of medicine, bon secours charity health system medical group, p.c. (medpc) was the sole shareholder of the organization who is engaged in the practice of medicine and licensed to practice in the state of new york and the state of new jersey.”

“The governing body of the members within the group, with the exception of medpc, are appointed by its members, wmc-rockland, bsmh and soc and are subject to the approval of its members.”

“Certain authorities of the members of the group, with the exception of bon secours charity health system medical group, pc, are jointly reserved to wmc-rockland, bsmh and soc, certain authorities are reserved to bsmh and wmc-rockland, and certain authorities are reserved solely to bsmh.”

“The form 990 was prepared by the finance department with assistance from various departments throughout the organization. The form 990 was reviewed by internal leadership and our external tax advisors. Upon completion of the various reviews, the form 990 was provided to the board of the organization for approval prior to filing with the irs.”

“The organization monitors and enforces compliance with the conflict of interest policy by means of a survey developed and approved by the chief compliance officer. The survey is sent to all trustees, officers, and key executives for completion. All survey responses are reviewed by the chief compliance officer. Any potential conflicts identified in the responses are discussed with senior management and/or referred to the wmc health conflicts of interest committee for discussion. Potential actions to be taken in response to a conflict can be one or more of the following: 1) disclosure of the conflict, 2) individual recusal from decisions for transactions where that individual may have a conflict, 3) request in writing that the individual alleviates the conflict, or 4) removal of the individual from employment.”

“The organization has a comprehensive process for the oversight and management of remuneration for the ceo. Compensation for such key employees is set by reviewing and relying on objective market data to ensure they receive compensation that is in full compliance with the irs' rebuttable presumption of reasonableness. The organization maintains a compensation philosophy, reviews pay practices against local, regional and national healthcare organizations and approves all remunerative decisions for this group of individuals. Further, the organization ensures that all levels of pay within the organization are reasonable based on performance and validates that incentives payments, if any, are adequately supported. Such decisions are documented in board and other relevant committee minutes.”

“The organization has a comprehensive process for the oversight and management of remuneration for other senior executives. Compensation for such key employees is set by reviewing and relying on objective market data to ensure they receive compensation that is in full compliance with the irs' rebuttable presumption of reasonableness. The organization maintains a compensation philosophy, reviews pay practices against local, regional and national healthcare organizations and approves all remunerative decisions for this group of individuals. Further, the organization ensures that all levels of pay within the organization are reasonable based on performance and validates that incentives payments, if any, are adequately supported. Such decisions are documented in board and other relevant committee minutes.”

“Governing documents, conflict of interest policy and financial statements are made available to the public upon request.”

“Sisters maureen sullivan and anne lutz do not receive compensation as they have taken a vow of poverty.”

“PERFORMANCE BASED REVENUE - Total Revenue: 2236987, Related or Exempt Function Revenue: 2236987, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 0; ALL OTHER REVENUE - Total Revenue: 2233158, Related or Exempt Function Revenue: 1787105, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 446053;”

“In march 2020, the world health organization declared covid-19, the disease caused by the novel coronavirus, a pandemic. As a result of the covid-19 pandemic, bschs experienced a decline in patient visits, admissions, and medical procedures performed. Elective medical procedures were suspended by state and local governments at varying time periods beginning in mid-march 2020 through late may 2020, contributing to a significant decline in net patient service revenue due to covid-19 when compared to historic and forecasted results for that period. Additionally, in response to the pandemic, bschs incurred additional costs for testing, personal protective equipment, third-party contract services and other operating costs associated with ensuring employee and patient safety while operating during a pandemic. Bschs received grant payments, which are considered nonexchange transactions, from the federal government distributed under the cares act. For the year ended december 31, 2021, bschs received $7.7 million, which is included in nonoperating activities in the bon secours charity health system, inc. (a component unit of westchester county health care corporation) the cares act payments are subject to audit and compliance with federal regulations. Bschs believes it has met the conditions to retain these funds. The cares act also provided for an expansion of the medicare accelerated and advance payment program ("medicare advances") for patient services. Under the program, bschs received approximately $61.9 million and recorded these payments in other short-term and long-term liabilities in the statements of net position at december 31, 2020. Prior to the beginning of the recoupment period, bschs continued to bill for services provided to medicare patients and was paid by medicare, as usual. The recoupment period began in april 2021 as amounts billed to medicare for services provided are being offset against the advance payments received until the advance is fully recouped by the medicare program. The balance was paid in full as of december 31, 2022. Additionally, the internal revenue service ("irs") allowed bschs to defer remittance of employer social security tax of $9.8 million through the year ended december 31, 2020, $4.9 million was included in accrued salaries and related withholdings in the statements of net position at december 31, 2022 and 2021, and $4.9 million was included in other long term liabilities in the statement of net position at december 31, 2021. 50% of the deferred employer social security tax was paid on january 3, 2022, and the remaining balance will be paid on january 2, 2023. Bschs also received grant funds from the federal emergency management agency ("fema") related to additional unreimbursed covid-19 expenses incurred by bschs during the pandemic. For the year ended december 31, 2022, bschs received approximately $3.3 million from fema which is included in nonoperating activities in the statement of revenues, expenses and changes in net position.”

“Transfers from affiliates - 76045038;”