Phoebe Putney Health System Inc

“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 health system (pphs) board members as well as all officers complete a conflict of interest questionnaire. This questionnaire is administered by the 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 pphs or any related entities. All responses are then evaluated by the pphs compliance department.”

“The organizations formal process for determining total compensation for the ceo is intended to provide reasonable compensation for accomplishing the organizations mission, achieve its strategic goals, to recognize performance, and to operate in keeping with the organizations obligations as a tax-exempt charitable organization. The executive compensation committee of the organizations board of directors conducts an annual review of the compensation of the ceo. The committee retains a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of base, incentive and total cash compensation. The information the committee may consider can include but is not limited to the performance of an individual, the performance of the organization, an individuals length of service, credentials and experience, the elements of total compensation and salary history, the organizations compensation targets, and comparability data, including the data prepared by the independent consultant and reviewed with the committee. The committee incorporates a formal performance appraisal process in the ceo compensation review. It utilizes a multi-perspective approach and performance measures which are linked to the organizations long-term strategic plan and achievement of annual system objectives. The ceo is not present when the committee discusses and establishes his compensation.”

“The organizations formal process for determining total compensation for the other officers and key employees is intended to provide reasonable compensation for accomplishing the organizations mission, achieve its strategic goals, to recognize performance, and to operate in keeping with the organizations obligations as a tax-exempt charitable organization. The executive compensation committee of the organizations board of directors conducts an annual review of the compensation of the other officers and key employees. The committee retains a qualified independent compensation consultant to conduct competitive market analysis of the market ranges of base, incentive and total cash compensation. The information the committee may consider can include but is not limited to the performance of an individual, the performance of the organization, an individuals length of service, credentials and experience, the elements of total compensation and salary history, the organizations compensation targets, and comparability data, including the data prepared by the independent consultant and reviewed with the committee. The committee incorporates a formal performance appraisal process in the other officers and key employees compensation review. It utilizes a multi-perspective approach and performance measures which are linked to the organizations long-term strategic plan and achievement of annual system objectives. The ceo provides a performance narrative and recommended compensation adjustment for the other officers and key employees of the organization. The committee determines the reasonableness of any compensation adjustments for other officers and key employees based on the presented evaluation and comparative compensation data.”

“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.”

“Phoebe putney health system, inc. (corporation) is a not-for-profit health care organization that was formed to serve as the parent organization of a group of affiliated entities and as such, its primary purpose is to plan, coordinate, and direct the group and to provide centralized administrative and management services to the exempt entities in the group. The corporation is recognized as exempt under section 501(c)(3) of the internal revenue code and is classified as a public charity under section 509(a)(3) of the internal revenue code. Currently, the affiliated entities comprising the group include: phoebe putney memorial hospital, inc. (ppmh), phoebe foundation, inc. (foundation), phoebe putney health ventures, inc. (health ventures), phoebe physician group, inc. (ppg), phoebe putney indemnity, ltd., phoebe sumter medical center, inc. (psmc) and phoebe worth medical center, inc. (pwmc). As a tax exempt organization, the corporation has no stockholders or owners. All revenue after expenses is reinvested in our mission to care for the citizens of the communities served by the corporation and its affiliated entities and includes clinical care, health programs, state-of- the-art technology and facilities, research and teaching and training of medical professionals to meet current and future needs. Phoebe putney health system, inc. Operates as a charitable organization consistent with the requirements of internal revenue code section 501(c)(3) and the "community benefit standard" of irs revenue ruling 69-545. The corporation takes seriously its responsibility as the community's safety net hospital and has a strong record of meeting and exceeding the charitable care and the organizational and operational standards required for federal tax-exempt status. The corporation demonstrates a continued and expanding commitment to meeting our mission by providing community benefits. A community benefit is a planned, managed, organized, and measured approach to meeting identified community health needs, requiring a partnership between the healthcare organization and the community to benefit residents through programs and services that improve health status and quality of life. Through its affiliated group of hospitals, the corporation improves the health and well-being of southwest georgia through clinical services, education, research and partnerships that build health capacity in the community. Each hospital provides community benefits for every citizen in its service area as well as for the medically underserved. The hospitals conduct community needs assessments and pay close attention to the needs of low income and other vulnerable persons and the community at large. The corporation often works with community groups to identify needs, strengthen existing community programs and plan newly needed services. In addition to providing free and discounted services to people who are uninsured and underinsured, the corporation provides a wide-ranging array of community benefit services designed to improve community and individual health and to increase access to health care. The corporation's excellence in community benefit programs was recognized by the prestigious foster mcgaw prize awarded to the hospital in 2003 for its broad-based outreach in building collaboratives that make measurable improvements in health status, expand access to care and build community capacity, so that patients receive care closest to their own neighborhoods. Drawing on a dynamic and flexible structure, the community benefit programs are designed to respond to assessed needs and are focused on upstream prevention. As southwest georgia's leading provider of cost-effective, patient-centered health care, the corporation's affiliated hospitals participate in the medicare and medicaid programs and are among the leading providers of medicaid services in georgia. The following table summarizes the amounts of charges foregone (i.e., contractual adjustments) and estimates th”

“The organization recognizes that the board members voluntarily devote their time and energy to serve their community by participating in the governance of this organization's mission.”

“Line 4b - financial accounts in foreign countries pphs board of directors relies on its health system board investment committee, independent investment advisor, pphs board approved investment policy statement, and regular investment committee meetings to manage and maintain a well-diversified investment fund portfolio which includes u.s. Equities, global non-us equities, emerging markets, hedge funds, real assets, opportunistic, fixed income, and cash and equivalents. These pphs investment accounts have long term strategies, goals and objectives and are related to specific healthcare related purposes including defined pension liabilities for employees, malpractice insurance liabilities and hospital designated funds for future capital replacement of facilities and equipment as they wear out and need to be updated. Much like a retirement 401k or 403b account for an individual that accesses mutual funds that are well diversified, it is common for funds, fund managers and/or specific investments to be in united states jurisdictions or foreign jurisdictions in order to accomplish a greater investment risk diversification.”

“CAYMAN ISLANDS”

“Investment in subs.(equity) 5,289,306”