Phoebe Putney Memorial Hospital

“The sole member of phoebe putney memorial hospital, inc. Shall be phoebe putney health system, inc. (pphs).”

“The board of directors of pphs has the right to appoint directors of the filing organization.”

“The member shall have the following responsibilities: - the member shall appoint or remove the organization's directors. - the member shall select or remove the organization's officers. - the member shall approve all amendments to the organization's articles of incorporation and bylaws before they may become effective. - the member shall approve any annual operating or capital budgets. - the member shall appoint or remove the independent auditors.”

“The independent accounting firm that prepares the form 990 (based upon information provided by the organization) provides a complete copy of the return with applicable schedules to be reviewed by management. Management performs a detailed review which consists of reviewing the financial data, the narratives disclosed, and other facts presented on the return. Upon review, the form 990 is then forwarded to the finance committee for their review, to gain their comments and approval. Upon approval from the finance committee, the form 990 and related schedules are provided to all board members for review and feedback. Once the form 990 is reviewed by all applicable parties, a copy of the final version is provided to all members of the governing body prior to filing with the internal revenue service.”

“On an annual basis, phoebe putney memorial hospital (ppmh) board members as well as all officers complete a conflict of interest questionnaire. This questionnaire is administered by the phoebe putney health system (pphs) compliance department and the document asks each individual to disclose any personal, business, or other affiliations and monetary amount if applicable that they or their immediate family members have had within the past 12 months with ppmh or any related entities. All responses are then evaluated by the pphs compliance department. In the case of an existing conflict, the individual with the conflict of interest is excluded from the discussion and approval so such transactions.”

“The organization makes available to the public its conflict of interest and audited financial statements on the organization's website, by providing copies upon request, and by inspection at the administrative offices of the organization.”

“Form 990, part ix, line 24b subsidy to physician clinics for losses associated with low-income patients.”

“Contract staffing fees 5,289,237 2,553,829 0 intercompany allocated cost 34,475,968 24,398,669 0 other patient related serv 9,347,031 1,576,094 0 contract service fees 54,626,600 4,119,906 0 consultant fees 791,225 3,761,508 0 professional fees 338,037 0 0 collection fees 0 2,584,370 0 total 104,868,098 38,994,376 0”

“Net actuarial gain - pension 13,473,819 amortization of net loss - pension 1,674,853 change in interest in net assets of phoebe fnd 3,284,935 change in value of interest rate swap 1,112,903 loss on extinguishment of debt -576,723 total 18,969,787”