Appalachian Regional Healthcare

“The director of accounting and cfo both review the 990 prior to the board review. The board then reviews the 990 prior to filing with the irs.”

“A secure website is provided to officers and trustees for annual disclosures, and is monitored regularly by the vice president of legal affairs and the corporate compliance officers. Potential conflicts of interest are reported directly to the chairman of the board. Trustees identified as having a conflict of interest in a particular matter before the board may not participate in the board's decision-making process. Failure to disclose is subject to discipline, including censure, and in some cases, removal from the board. Employee officers are subject to discipline in accordance with the corporation's human resource policies and the arh code of business and professional conduct.”

“Appalachian regional healthcare, inc.'s (arh) board sets compensation levels for president/ceo and other arh executives and key employees through its compensation and contracts committee. The board contracts with a consulting firm to review the market for the positions on the system operating council who makes recommendations on the salary ranges and assesses the competitiveness of the salaries. With that information, the compensation and contracts committee sets the ranges and the president's compensation. The board reviews and ratifies compensation amounts. The consulting firm follows up with a letter attesting to the reasonableness of compensation.”

“While arh has not yet adopted a policy of sharing its financial statements with the public, it does provide financial information through the form 990 and also provides certain financial information in other public documents, including its periodic reports to the communities it serves.”

“Professional fees - physicians: program service expenses 28,772,140. Management and general expenses 1,053,405. Fundraising expenses 0. Total expenses 29,825,545. Outside services: program service expenses 28,495,729. Management and general expenses 16,536,161. Fundraising expenses 0. Total expenses 45,031,890. Security services: program service expenses 2,369,438. Management and general expenses 5,109. Fundraising expenses 0. Total expenses 2,374,547.”

“Net periodic pension gain 737,984. Highlands acquisition -590,331. Change in pension plan asset and obligation 53,532,274.”

“The process for overseeing and selecting independent auditors has not changed from the prior year. Prior to the start of the audit, the vice president of finance meets with the independent auditors. At the conclusion of the audit, the finance committee meets with the independent auditors for presentation of the financial statements. The independent auditors are selected when deem necessary by management through a formal "request for proposal" (rfp) process.”