Braxton County Memorial Hospital Inc

“Draft copies of the Form 990 are sent to the board members for review. Questions and discussion are then asked or held during the board meeting. If no errors are found, the board approves the filing of Form 990.”

“Monitoring and enforcing compliance with conflict of interest policy on an annual basis. Officers, directors, trustees, and key employees are required to disclose potential conflicts of interest by completing the hospitals conflict of interest form. If potential conflicts exist, the person would then contact their manager or the compliance officer for the conflict to be investigated and action taken if necessary. The corporate compliance committee oversees the conflict of interest policy and monitors and enforces this policy.”

“The compensation of the CEO is determined by the WV United Health System Compensation Committee based upon a salary and benefit survey prepared by an independent company using data of comparable facilities. This information is provided to the compensation committee which is made up of independent board members who are then responsible for setting the compensation packages offered to each executive, ensuring that the compensation package does not exceed fair market value based on the data from the consultant group. The minutes of the compensation committee are contemporaneously documented and retained. A full compensation survey was completed in 2023 for 2024 compensation amounts.”

“The organizations governing documents, Form 990, financial statements, and conflict of interest policy are available upon request at the hospitals office.”

“The compensation of all officers at the Vice President level and below is determined based upon a salary and benefit survey prepared by an independent company using data of comparable facilities. This data is then interpreted and provided to an independent compensation committee. The independent compensation committee then uses this data to determine a fair and reasonable compensation package. All relevant data as well as minutes from each meeting are retained.”

“Program Service Expenses 3,757,040, Grants and allocations 0, Revenue 4,902,922 Other Services provided by BCMH include but are not limited to Obstetrics/Gynecology, Hematology Oncology, Gastroenterology, Neurology, Cardiology, etc.”

“and surrounding communities. The Hospital provides charity care to patients who meet certain criteria under its charity care policy, without charge or at amounts less than established rates.”

“Other changes in net assets include 463,998 of related organization capitalization, 81,935 JOA Contribution to SOM, and 1 rounding.”

“Other fees on line 11g consist of the following Consulting Professional Fees of 16,569 of which 1,879 is considered program service expense and 14,690 is considered management and general expense Contracted Labor of 1,420,172 of which 884,685 is considered program service expense and 535,487 management and general expense Contracted Physician Expense of 4,417,149 all of which is considered program service expense and Contract Labor Patient Care of 238,435 all of which is considered program service expense.”

“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.”