Wellmont Health System

“Wellmont health system's form 990 is reviewed by three individuals of wellmont health system (the senior vice president of finance, the corporate controller, and the manager of accounting) and the board of directors of wellmont health system. Any questions or comments arising from the initial review are addressed to ensure the return is complete and accurate. Any changes or corrections are identified, revised in the return, and reviewed by the individuals listed above prior to filing with the internal revenue service.”

“Officers, directors and key employees are required to sign a conflict of interest policy acknowledgement. Any potential conflicts are discussed with the compliance and audit services department as they arise. Wellmont health system also has a policy on business practices that discusses conflict of interest and informs the workforce to disclose any issues to the compliance and audit services department, for resolution. Wellmont health system also uses a hotline that allows anonymous reporting of possible conflict of interest situations for investigation by the compliance and audit services department.”

“The compensation of margaret denarvaez, the president and ceo of wellmont health system, is reviewed, approved and documented by the wellmont health system human resources committee and the board of directors. In addition, these bodies use comparability data to determine the appropriate compensation. All compensation deliberations and reviews are contemporaneously documented. The last compensation deliberation and review process for margaret denarvaez was completed november 29, 2012 and approved by the board of directors of wellmont health system on december 4, 2012.”

“The compensation of the other officers and key employees of wellmont health system are reviewed, approved and documented by the wellmont health system human resources committee of the board of directors. Other officers and key employees of the organization have written employment contracts, and compensation is based on surveys/studies and then approved by the wellmont health system ceo. In addition, these bodies use comparability data to determine the appropriate compensation. All compensation deliberations and reviews are contemporaneously documented. This process in completed on an annual basis. The human resources committee of the board of directors reviewed the salary and market compensation data for the following other officers and key employees on december 10, 2013. Wellmont health system chief operations officer - tracey p. Moffat wellmont health system executive vp and chief financial officer - alice pope wellmont health system sr. Vp of human resources - hamlin j. Wilson wellmont health system vp of marketing and communications - lowell todd norris bristol regional medical center president - greg neal community hospital president and ceo - fred pell holston valley medical center president - tim attebery wellmont health system uses one or more of the methods described to establish the compensation of the following other officers and key employees. Wellmont health system sr. Vp of finance - todd j. Dougan wellmont health system chief information officer - kent petty wellmont health system sr. Vp of business development & rural strategy - david l. Brash wellmont health system sr. Vp general counsel - gary millier wellmont health system sr. Vp information technology - william showalter the compensation of john howard, the wellmont health system executive vp of legal and corporate affairs, was reviewed, approved and documented by the wellmont health system human resources committee and board of directors. The last compensation review process by the human resources committee of the board of directors for john howard was on november 29, 2012. Wellmont health system entered into a contract with a company controlled by john howard effective 11/1/2013 for howard as an employee of that company to provide services as an independent contractor.”

“Wellmont health system's governing documents and conflict of interest policies are not available to the public. Wellmont health system's audited financial statements and quarterly unaudited financial statements are available through the electronic municipal market access website.”

“Form 990, part x, balance sheet certain balance sheet accounts have been reclassified for better comparison to the current year financial statements.”

“Organizations that do not meet the definition of "restricted to one or more of the activities described in the table in part i, line 7" of schedule h. Wellmont is a public trust. From kingsport to bristol, from sneedville to norton, the member hospitals of our organization were born of their communities' commitment to superior health care for their citizens. We offer a vast array of medical services and resources for thousands of patients in northeast tennessee and southwest virginia. In 2014, we provided services to 46,784 patients in a bed, 153,804 emergency room visits, 123,551 outpatient registrations (excluding er), 2,275 newborn deliveries, and 22,465 surgeries. Wellmont is a tennessee not-for-profit corporation. Six tax-exempt community based hospitals - bristol regional medical center (bristol, tenn.), holston valley medical center (kingsport, tenn.), lonesome pine hospital (big stone gap, va.), hancock county hospital (sneedville, tenn.), mountain view regional medical center (norton, va.) and lee regional medical center (pennington gap, va.) - are included in this corporation. But even as our service area spans multiple states and our revenue is reported in the hundreds of millions of dollars, we remain a community- owned health system. It is our mission to deliver superior health care with compassion to the people we serve. It is our vision to deliver the best health care anywhere. Consistent with this mission, we have worked toward improving our community's access to quality, affordable health care, educating our region's caregivers, improving the health status of our communities and contributing to the overall quality of life in the areas we serve. Overall, we returned more than 61,474,542 in benefits to our region, including 50,795,901 of costs for indigent patients and uncompensated care for other patients and 10,678,641 for other community activities outlined below. Wellmont is in compliance with irs guidelines for form 990 schedule h reporting purposes and the amounts reflected above are not inclusive of resources described in wellmont's community benefit report as the above amounts are reported on schedule h. We are mindful of our responsibilities as one of the region's largest employers. 6,402 families count on us for their livelihoods. Cities and counties throughout our service area rely on us as a driver of economic development. It is our duty as a corporate citizen to support those endeavors and causes that improve the quality of life in our region. And we also recognize it is our responsibility to care for those in need - regardless of their ability to pay. It is our commitment - indeed, it is our mission - to support the causes and develop the initiatives that will propel our communities toward a better, brighter, healthier and more vibrant future. Serving the underserved regardless of race, religion, ethnicity or ability to pay, wellmont's hospitals treat all patients for medically necessary conditions. Recognizing that some patients cannot afford essential medical services, wellmont provided care for indigent patients, writing off 54,436,541 of charges and incurring cost of 18,532,621. Wellmont is in compliance with irs guidelines for form 990 schedule h reporting purposes and the amounts reflected above are not inclusive of resources described in wellmont's community benefit report as the above amounts are reported on schedule h. Other recent initiatives include: the wellmont health coach is part of wellmont's ongoing efforts to improve the health of our communities and encourage wellness in the mountains of northeast tennessee and southwest virginia. Funded by community support through the wellmont foundation, the coach offers a host of comprehensive screenings that help identify potential health problems. Our health system, in conjunction with a grant from susan g. Komen for the cure tri-cities, was able to fund the cost of mammograms for several hundred women who were underinsured or uninsured. Pr”

“Other fees for services 54,009,388 7,960,080 0 tn coverage fee 11,807,524 0 0 whs allocation 0 -7,091,547 0 joint ventures 171,976 7,987 0 rounding 1 0 0”

“Unrealized swap gain 1,307,337 intercompany resolution 8,398,729 unrealized gain on investments 27,504,941 change in pension liability -892,300 loss on bond dissolution -1,133,086 intercompany - related organization 335,193 distributions to whs -1,104,350”