Methodist Healthcare - Memphis Hospitals

“Methodist healthcare - memphis hospitals is a subsidiary of methodist le bonheur healthcare (mlh, 58-1454711), with the persons serving on the mlh board of directors serving as the members of mhmh.”

“The board of methodist healthcare - memphis hospitals is comprised of the same persons as methodist le bonheur healthcare, the parent organization.”

“The members shall, from time to time, adopt and promulgate such amendments as they shall deem appropriate to the bylaws and to the general policies and guidelines of the organization, all of which shall not be inconsistent with the purposes of methodist le bonheur healthcare. Upon request by the board of directors of the corporation and at such times as the members may select, the members shall review the affairs of the corporation and take such action as they may deem appropriate in accordance with these bylaws. The "corporate limit" referred to in the following items shall be the sum of one million dollars or such other sums as may from time to time be designated by action of the members; and for the purposes of these bylaws the words 'the corporation" shall mean methodist healthcare-memphis hospitals. The following items, after being reviewed and accepted by the board of directors, shall be submitted to the member for approval: - in december of each year, a strategic plan and a one year operating budget of the corporation's ensuing fiscal year, and, thereafter, any action which will result in a substantial change in the expenditures or revenue forcast in any such plan or budget; - any creation or substantive amendment of a contract, lease or other agreement of which the corporation is a party which involves an obligation, or a potential obligation, on the part of the corporation in excess of the corporate limit, unless such transaction has been previously approved within the capital or operating budgets; - any sale, exchange, gift, mortgage, option, lease with a term in excess of one year (except to doctors for office space), or other disposition of any real property or interest therein owned by the corporation, or any other asset owned by the corporation with a value in excess of the corporate limit, except with respect to transactions specified and previously approved within the capital or operating budget; - any release or cancellation by the corporation of a claim or right of action against another party in an amount in excess of the corporate limit; - any application for a government grant; - any amendment or restatement of the corporate charter or any plan of merger, consolidation or dissolution of the corporation; - any action or inaction at variance with the stated policies of the corporation which policies have been approved by the members; - the selection of any banking institution as a despository of corporate funds; and - any other matters as may be required by law to be submitted to the members of a not-for-profit corporation.”

“The form 990 is prepared by an independent accounting firm with input from human resources, legal, compliance, and finance departments and external financial consultants. Financial information is reconciled to audited financial statements as appropriate. The information to be disclosed regarding compensation is reviewed with the compensation committee of the board. The return is reviewed by the chief financial officer of mlh and management of the organization as appropriate. A copy of the return is made available to all board members and discussed at a scheduled board meeting prior to filing with the irs.”

“Methodist le bonheur healthcare, the parent organization, employs a compliance officer who monitors and enforces compliance with the conflict of interest policy for all voting board members and applicable officers.”

“Compensation for officers and key employees of the organization is determined by the board of directors of methodist le bonheur healthcare, the sole member organization. An external independent consultant advises the board compensation committee on executive salary and incentive compensation. Benefits are periodically benchmarked by a separate external consultant and any changes are approved by the board of directors compensation committee. The compensation committee is comprised of independent members and is a subgroup of the full board of directors. The compensation consultant annually develops total cash compensation comparisons of peer non-profit systems established by the compensation committee. The compensation consultant interprets the information and provides an opinion of reasonableness on the total cash compensation package. The compensation committee approves any changes to the compensation and executive benefit structure of the ceo and other top executives, otherwise known as disqualified candidates. All other compensation decisions are determined by arrangement as delegated by the board of directors. The committee documents all determinations.”

“Compensation for officers and key employees of the organization is determined by the board of directors of methodist le bonheur healthcare, the sole member organization. An external independent consultant advises the board compensation committee on executive salary and incentive compensation. Benefits are periodically benchmarked by a separate external consultant and any changes are approved by the board of directors compensation committee. The compensation committee is comprised of independent members and is a subgroup of the full board of directors. The compensation consultant annually develops total cash compensation comparisons of peer non-profit systems established by the compensation committee. The compensation consultant interprets the information and provides an opinion of reasonableness on the total cash compensation package. The compensation committee approves any changes to the compensation and executive benefit structure of the ceo and other top executives, otherwise known as disqualified candidates. All other compensation decisions are determined by arrangement as delegated by the board of directors. The committee documents all determinations.”

“The organization's financial statements are audited in a consolidation with its corporate parent, methodist le bonheur healthcare, and related subsidiaries. Information on financial statements is available by contacting the organization's corporate office. Please see form 990, part vi, line 20 for details. Conflict of interest policy and governing documents for all affiliates of methodist le bonheur healthcare are also available by request.”

“HealthSouth - Total Revenue: 2698284, Related or Exempt Function Revenue: 2698284, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Clincal Research - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Pathology Services - Total Revenue: 2400000, Related or Exempt Function Revenue: 2400000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Subsidiary Income - Total Revenue: -27958416, Related or Exempt Function Revenue: -27958416, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“All Other Revenue - Total Revenue: 6863783, Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: 6863783;”

“Purchased Services - Total Expense: XXX-XX-XXXX, Program Service Expense: XXX-XX-XXXX, Management and General Expenses: 16568411, Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”

“Equity Transfer to Affiliates - -2820489; Total - -2820489;”

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