Hudson Valley Cardiovascular Practice PC

“There are no independent trustees. Hudson valley cardiovascular practice, pc ("hvcp") is a single shareholder corporation. Hvcp is part of an integrated delivery system that does have a more than majority independent board. Further, this governance structure has not changed relative to independence since it was recognized as exempt by the irs after it was organized.”

“Hudson valley cardiovascular practice, pc ("hvcp") is a sole shareholder stock corporation with stock issued to the president christopher m. Lehrach, md. Hvcp is an affiliate of health quest system, inc. Nuvance health is the sole member of health quest systems, inc.”

“Christopher m. Lehrach, md is the sole shareholder and board member of the organization, and serves as the nominee of health quest system ("hqs"). Hqs (the parent), through this relationship, retains ultimate authority to approve/make large governance decisions such as termination, merger or large capital expenditures.”

“The form 990 is prepared by an independent accounting firm using information provided by the organization and a draft form 990 is reviewed by internal management. A complete draft is then posted to an intranet site for nuvance board members, the ultimate parent of the organization, to review prior to filing. The form 990 is then signed and filed with the irs.”

“Officers, trustees/directors, key employees and other disqualified persons are required to complete a conflict of interest questionnaire annually. Responses are reviewed by the chief compliance, audit & privacy officer. After a potential conflict of interest is disclosed along with all related material facts, the board proceeds to discuss and determine through a majority vote of the disinterested members whether an actual conflict or duality of interest exists. If the interested person is present at the start of the discussion, he or she may answer questions related to the matter and provide additional, relevant facts but is required to leave the meeting during deliberations regarding whether an actual conflict or duality of interest exists. Form 990, part vi, section b, line 14: the organization follows a record retention policy that has been approved only by the audit committee, not the full board.”

“Compensation for the ceo, top management and other key employees is established by the health quest executive compensation committee based on information and support of an independent third party.”

“Policies and financial statements for the affiliate are available to the public upon request. The documents are provided either electronically or paper copies. In addition, certain financial information is available on various websites due to regulatory filings such as the 990 and bond holder agreements.”

“Jennifer b. Biede became a key employee on october 1, 2019. For those officers and top 5 employees, for which only 40 hours is noted to reflect paid hours, actual hours worked exceeded this amount. Note: all amounts in column f, of part vii,"estimated amount of other compensation," represent benefits, and do not reflect any compensation for which the average amount of time worked can be reflected.”