Halifax Regional Medical Center Inc

“The hospital system had a management services agreement with novant health inc. The board of hrmc continues to oversee the operations of the healthcare facility and related exempt activities. Hrmc receives management services as well as expense savings for an annual management fee. Novant provides hrmc with a ceo and coo and hrmc provides reimbursement for those costs. During the 2018 calendar year year, novant paid compensation of $369,835 to the organization's ceo and $216,187 to the organization's coo.”

“Merged with vidanth health june 1, 2019.”

“The return was prepared by an independent accounting firm with assistance and information provided by management. The hospital provided every voting board member a copy of the draft 990 prior to a scheduled meeting. Details of the return were discussed with management and the finance committee of the board, who then delivered a report to the full board prior to filing the return with the irs.”

“(bylaws, article 2, section 3) "any duality of interest or possible conflict of interest on the part of any governing board member shall be disclosed to the other members of the board of directors and made a matter of record through an annual procedure and also when the interest becomes a matter of board action. Any governing board member having a duality of interest or possible conflict of interest on any matter shall not vote or use personal influence on that matter, and shall not be counted in determining the quorum for the meeting, even where permitted by law. The minutes of the meeting shall reflect that a disclosure was made, the abstention from voting, and the quorum situation. Any existing or apparent conflict of interest will be referred to the executive committee of the board for resolution." the conflict of interest policy is reviewed annually. Board members and hospital management personnel are required to complete a conflict of interest questionnaire each year.”

“An outside consultant is used to determine the appropriate compensation based on comparable positions and benchmarks. The consultant evaluates the salaries for the vp of finance. The ceo approves the vp of finance salary. Novant determined the compensation for the ceo and the vp of operations based on the same process until we merged with vidant june 1, 2019.”

“Photocopies of the form 990 are available upon request at the organization's administrative office.”

“Photocopies of the organization's governing documents, conflict of interest policy, and financial statements are available upon written request at the organization's administrative office.”

“Purchased services: program service expenses 3,134,193. Management and general expenses 89,232. Fundraising expenses 0. Total expenses 3,223,425. Maintenance contracts: program service expenses 1,996,185. Management and general expenses 4,131. Fundraising expenses 0. Total expenses 2,000,316. Contract services: program service expenses 3,195,001. Management and general expenses 551,856. Fundraising expenses 0. Total expenses 3,746,857. Support fees: program service expenses 32,566. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,566. Nursing services: program service expenses 1,038,261. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,038,261. Physician fees: program service expenses 4,764,868. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,764,868. Other professional fees: program service expenses 16,235. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,235. Consulting fees: program service expenses 0. Management and general expenses 156,718. Fundraising expenses 0. Total expenses 156,718.”

“Change in value of defined pension plan transfer of equity -2,400,000.”

“The process has not changed from the prior year.”