Ths Physician Partners Inc

“Herbert J. Thomas Memorial Hospital Association, a nonprofit corporation organized under the laws of the state of West Virginia, is the sole member of THS Physician Partners, Inc.”

“The organizations board of directors is elected by its sole member, Herbert J. Thomas Memorial Hospital Association.”

“The organizations sole member, Herbert J. Thomas Memorial Hospital Association, reserves all corporate powers of the organization except for items specifically listed in the organizations Articles of Incorporation.”

“Herbert J. Thomas Memorial Hospital Association is the sole member of the organization. The sole members finance committee is responsible for financial management of the organization. The 990 is reviewed by the organizations CFO as part of the finance committee. The 990 is then discussed with the finance committee and a copy is provided to all board members before it is filed with the IRS.”

“The organization regularly and consistently monitors and enforces compliance with our written conflict of interest policy by asking annually that all trustees, officers and employees managers who have decision making/purchasing authority to disclose any potential conflicts of interest. Disclosure forms are signed annually then logged onto a spread sheet that identifies any potential conflicts.”

“For the organizations Vice President of Physician Services, the pay scale was determined by using input from the consultants used to set up the organization healthcare strategy group as well as the market watch survey. For all other officers the organization used a consulting firm Health Care Strategy Group to help determine pay rates. the pay structure will periodically be reviewed to make sure the scales match local pay scales via consultation with the Herbert J. Thomas Memorial Hospital Association human resources department.”

“THS Physician Partners, Inc. makes its governing documents, conflict of interest policy and financial statements available to the public upon individual request. These documents are housed at the main facility and can be provided via copy upon request. The documents also can be reviewed on site at the facility upon advance notice.”

“Herbert J. Thomas Memorial Hospital Association is the common paymaster for this related entity and therefore the W-2s are filed under this organization.”

“Other fees on line 11g consist of the following Consulting Professional Fees of 744,805 of which 55,645 is considered program service expense and 689,160 is considered management and general expense Contracted Labor of 55,686,363 of which 56,291,373 is considered program service expense and 605,010 is considered management and general expense and Collection Fees of 1,167,313 of which all is considered management and general expense.”

“THS PP received a refund of malpractice insurance premiums during 2024 which is causing insurance expense to show as a negative expense.”