Beacon Health System Inc

“Amish shah and jessi hsieh have a business relationship.”

“The organization incorporates numerous parties in the production and review of the form 990 and associated schedules. Senior accounting staff and management complete the form 990 and schedules. Some forms and schedules are reviewed by the controller. Subsequent to those steps, the organization engaged ernst & young to review the completed form 990 and appropriate schedules. Prior to filing the return, the cfo, the compensation committee of the organization and the ceo conduct a general overview of the form 990, including applicable compensation schedules. In addition, each board member receives notification of the irs form 990 placement on the organization's board portals which allows for board member review prior to filing the return.”

“There are three separate forms that are sent out through the internal audit department to key employees or board members regarding conflict of interest. They are as follows: 1. The first is a conflict of interest statement that is sent to senior level administration, management, and select staff such as purchasing department employees. The purpose of the statement is to require these employees to disclose any potential conflict of interests they may have. The statements are sent in january of each year for the previous year activities we pursue the replies to get a 100% response rate. In the current year we sent out 364 statements and are working to achieve a 100% response rate. Each response is reviewed by the director of internal audit and the results are reported to the ceo of beacon health system, the audit committee chairman, as well as the audit committee of the board of directors. 2. The second statement is the board duality of interest statement that is sent to current board members, former board members from the last five years, and other key employees. The duality of interest statement is sent using a web based survey tool provided by ernst & young. The replies are reviewed by the director of internal audit. The results of the surveys are summarized using the web based tool, and are reviewed by ernst & young in completing the 990. The results are reported to the ceo of beacon health system, the audit committee chairman, and the audit committee of the board of directors. 3. The third statement is entitled "code of ethics for senior financial officers". The statement requires an acknowledgement form to be signed by beacon health system's key financial employees that beacon's financial information is to the best of their knowledge true and accurate. This statement was sent out on january 12, 2023 and the signed acknowledgements are kept by the director of internal audit. In 2022, 22 designated employees were requested to sign the form and we had a 100% compliance rate. Any potential conflicts of interests are reviewed by independent parties both internal and external to the organization, and if necessary, corrective action would be taken to resolve a true conflict. The individual with the potential conflict of interest would be excluded from all review proceedings.”

“Part vi, section b, line 15a & 15b beacon health system, inc. Has an extensive examination that is conducted for vice president and higher. Vice president and higher compensation is determined after an extensive examination is conducted using comparable market data and then reviewed by an independent consultant hired by,and reporting to, the board of directors. Human resources conducts the analysis and makes recommendations to the ceo who then makes the recommendations for all other executives/officers to the board for approval. The independent consulting group separately makes the recommendations regarding the ceo's compensation to the board for approval. Recommendations are presented to the compensation committee of the beacon health system, inc. Board for deliberation and final decision. Deliberation and final decision are performed by the independent members of the board.”

“The governing documents and conflict of interest policy are not made available to the public. The financial statements are distributed quarterly to the electronic municipal market access (emma) website as part of the continuing disclosures for the beacon health system, inc. Bonds.”

“Miscellaneous - Total Revenue: 2974595, Related or Exempt Function Revenue: 1959340, Unrelated Business Revenue: 1015255, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“CONSULTING - Total Expense: 2196961, Program Service Expense: 2196961, Management and General Expenses: , Fundraising Expenses: ; EQUIPMENT RENTAL & MAINTENANCE - Total Expense: 34758470, Program Service Expense: 34758470, Management and General Expenses: , Fundraising Expenses: ; RADIOLOGY FEES - Total Expense: 66467, Program Service Expense: 66467, Management and General Expenses: , Fundraising Expenses: ; LAB READING FEES - Total Expense: 509944, Program Service Expense: 509944, Management and General Expenses: , Fundraising Expenses: ; CONTRACT LABOR - Total Expense: 110842, Program Service Expense: 110842, Management and General Expenses: , Fundraising Expenses: ; OTHER PURCHASED SERVICES - Total Expense: 9251281, Program Service Expense: 9251281, Management and General Expenses: , Fundraising Expenses: ; COLLECTION FEES - Total Expense: 7796074, Program Service Expense: 7796074, Management and General Expenses: , Fundraising Expenses: ;”

“Write off intercompany w/ beacon medical group - -xxx-xx-xxxx; write off intercompany w/ memorial hospital of south bend - 47988791; write off intercompany w/ elkhart general hospital - 3736087; write off intercompany w/ beacon health foundation - -82726; write off intercompany w/ community hospital of bremen - -7795655; write off intercompany w/ three rivers hospital - -8921502; write off intercompany w/ integrated health - 5157357; write off intercompany w/ three rivers health foundation - 129743; rounding variance - 9; joint venture tax differences - 147901;”