Fayette Physician Network Inc

“The sole member of Fayette Physician Network, Inc. FPN is West Virginia United Health System, a WV non-profit organization.”

“The sole member has power to a elect all of the Directors except ex-officio Directors of the Corporation b remove at any time one or more of the Directors except ex-officio Directors and/or officers of the Corporation without cause c approve all capital and operating budgets of the Corporation and amendments thereto d approve all fundamental transactions of the Corporation, including without limitation, any amendments to Articles of the Corporation and any merger, consolidation, division, transfer of all or substantially all assets, dissolution, or liquidation of the Corporation e approve any and all amendments of the Bylaws of the Corporation and f approve and/or take any other actions as are reserved to the Sole Member by virtue of these Bylaws or any resolutions enacted by the Corporation from time to time or as required of the Sole Member by virtue of its status as sole member of the Corporation. The Sole Member of the Corporation may initiate any such actions and/or amendments listed in c - f above, provided however, that any such actions and/or amendments must be approved by the Corporation and Sole member prior to its implementation. The Corporation shall not unreasonably withhold its approval for any action and/or change recommended by the Sole Member.”

“The 990 is presented to all voting members of the Finance and Audit Committee of the organizations parent for review. After review by the Finance and Audit Committe, a full copy of the 990 is made available to the entire Board of the Corporation.”

“The Business Ethics department of the parent organization periodically reviews all potential conflicts, transactions and relationships to see if substantive. All potential conflicts are reviewed by the Business Ethics department and the concept is covered during annual training. The department will report actual or possible conflicts to the FRHS Executive Committee of the Board for evaluation The Committee shall determine whether a conflict exists. The Committee is empowered to take corrective action as necessary, including refraining from participation in certain Board decisions.”

“The organizations governing documents, conflicts of interest policy, and financial statements are available by contacting the CEOs office or the Finance department. A copy will be mailed upon request.”

“Other changes in net assets is comprised of 69,821 decrease in net assets resulting from fund transfers in from parent organization. FPN is a loss funded entity so any loss from patient services is fully reimbursed/funded by organization.”

“In 2023, West Virginia United Health System WVUHS, EIN 55-0754713, transitioned to a centralized accounts payable process in which WVUHS made the majority of vendor payments and then issued the required 1099s. WVUHS is reimbursed by the entities for their portion of payments made, vendor payments that meet the Top 5 Independent Contractor reporting requirements are reported in Part VII, Section B of the reporting entity.”

“This total consists of Consulting and Professional Fees of 39,153 Contract Labor/Purchased Services of 44,184,690 Lab Fees of 200 and Collection Fees of 1,434,964. All of the above listed expenses are considered program service expense.”