Prisma Health-University Medical Group

“Prisma health is responsible for establishing the compensation philosophy. As part of this undertaking, the executive compensation committee of the board of directors of prisma health, which is composed solely of independent directors of prisma health, sets the compensation payable to the executives and management leaders employed by prisma health and its related organizations who are considered as disqualified persons in accordance with section 4958 of the code and the applicable compensation philosophy to managers, directors, and employees. This process of independent establishment and review of compensation by the parent organization for the system is consistent with that utilized by the majority of large, multi-institutional healthcare systems. The executive compensation committee utilizes an expert independent compensation consultant retained by the committee to provide and evaluate compensation based on comparability data, market conditions, competition for talent, and other significant factors. Base compensation, variable incentive compensation, and benefits are all established and set after review by the committee of this data and the performance of the organization, and reports from the independent consultant are included in the minutes of the deliberation by the committee. This process was last completed in september 2024.”

“The directors, officers and key employees are required to disclose on an annual basis any conflicts of interest. These are reviewed by corporate compliance and when appropriate by the legal departments of prisma health. Additionally, corporate compliance compares annual disclosures by employed physicians to those disclosed by vendors through the open payments systems. Any exceptions are reviewed and communicated to the conflict of interest committee and the department chairperson. If prisma health determines that a prisma health team member or medical group member covered by this policy did not comply with the terms of the conflict of interest annual disclosure policy, or if prisma health discovers that one of these individuals had a significant financial or organizational interest that was not disclosed in a timely manner pursuant to this policy, prisma health will conduct a retrospective review, and if, upon conclusion of the review, the prisma health conflict of interest committee finds that a conflict of interest existed that could have affected the decision-making and/or independent judgement of the individual, prisma health will take appropriate steps in accordance with this policy to manage or eliminate the conflict and report its finding to the appropriate prisma health administrative body.”

“The organization is a subsidiary of prisma health-upstate, a 501(c)(3) organization. The board of directors of this organization fails to have a majority of independent board members per the definition provided by the irs. Please note, however, that the sole member organization has a majority independent board of directors, and through its membership provides governance oversight over the filing organization. Please see the responses to form 990, part vi, lines 6 through 7b for details on the sole member and its authority.”

“Prisma health-upstate has the authority to exercise the powers of the board.”

“Prisma health-upstate has the authority to exercise the powers of the board.”

“The return was prepared by an independent accounting firm with assistance and oversight by prisma health management. The return was reviewed by prisma health management and in-house legal counsel prior to filing with the irs. In addition, a copy of the return was provided to the prisma health-university medical group board of directors prior to filing.”

“The organization's governing documents, financial statements, and conflict of interest policy are made available upon request.”

“Other Program Service Revenue - Total Revenue: 35370136, Related or Exempt Function Revenue: 35287004, Unrelated Business Revenue: 83132, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“Equity transfers from related organizations - xxx-xx-xxxx; other changes in net assets - 2492540;”