Oconee Regional Medical Center Inc

“Two management companies were hired. First, the wetrich group provided interim ceo steve johnson. Second, community hospital consulting provides the interim cfo michael vaughn. The compensation for both individuals is provided on page 7, part vii.”

“Nominees to the board of directors must be ratified by the board of oconee regional health systems, a related organization.”

“The return was prepared by an independent accountant with assistance and oversight by management. Upon completion, the return was reviewed by management and was sent to all voting board members to review. Subsequently the return was filed with the irs.”

“Board members annually sign a statement. All statements have to be signed by a member of senior leadersip. Any conflicts of interest are reported in the annual audit completed by external auditors.”

“The compensation committee of the board of directors reviews current compensation packages and agreements of members of senior leadership, and compares the offers to a survey of salary ranges for comparatively situated healthcare organizations. Benchmarks studied are reported by the georgia hospital association and others based on bed size, volumes, and geographic area. The board approves the compensation for the ceo, and approves an overall percentage increase for the vice presidents, for which the ceo determines ultimate distribution. During the year the committee did not meet and there was no change in compensation.”

“Photocopies of the organization's form 990 are available upon request at the organization's administrative office. In addition, recent filings of the form 990 are available online at www.guidestar.org.”

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

“The organization entered into bankruptcy and sold hospital operations to navicent.”

“Purchased services: program service expenses 0. Management and general expenses 157,315. Fundraising expenses 0. Total expenses 157,315. Contract labor: program service expenses 0. Management and general expenses 113,810. Fundraising expenses 0. Total expenses 113,810. Physician fees: program service expenses 0. Management and general expenses 780,748. Fundraising expenses 0. Total expenses 780,748.”

“Transfer of assets -2,273,817.”

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