Washington Regional Medical System

“Officers of the organization are compensated for their services on behalf of the organization by a related organization (washington regional medical center). The board of directors of the member organization has a standing compensation committee comprised of independent members of the board of directors of the member organization that regularly review the performance of the members of senior management of the organization, engage independent compensation consultant, tax and legal advisors to ascertain and opine as to the reasonableness of total compensation paid to members of senior management, as determined on the basis of compensation surveys prepared by such advisors, and who determine the total compensation paid members of senior management of the organization in conformance with the rebuttable presumption requirements of section 4958 of the internal revenue code.”

“The membership of the medical system consists of the persons who are members of the board of directors of the corporation.”

“Directors shall be elected by plurality vote at the annual meeting of members. At each such election for directors, every member entitled to vote at such election shall have the right to cast one vote for as many persons as there are directors to be elected and for whose election they have a right to vote.”

“The form 990 is prepared by an independent accounting firm and then reviewed by management. At a duly called meeting of the organization's audit and finance committee, which is comprised of the organization's board of directors, copies of the proposed form 990 filing prepared on behalf of the organization were presented and reviewed with the board membership by the organization's vp of finance and general counsel.”

“The terms of the conflict of interest policy are incorporated within the bylaws of the organization and are reviewed annually with the board of directors, each of whom are required to sign an acknowledgment that they have reviewed the policy and are aware of its terms. The policy is also reviewed in detail at the time of new board member orientation. As potential conflicts arise, those conflicts are addressed pursuant to the policy.”

“The organization's form 990 filings, governing documents, conflict of interest policy, and financial statements are available to the public upon written request.”

“Through oversight of the board of directors and the guidance of various members of management, wrms provides services for these subsidiary companies to utilize in order to accomplish their tax-exempt purpose of providing healthcare to residents of the northwest arkansas area. In addition, wrms operates physician clinics providing primary care, specialty care, and hospital-based care, e.g. Hospitalists and emergency care.”

“(Expenses $ 14,830,011 including grants of $ 0)(Revenue $ 26,399,133) FIVE WOMEN'S CLINCS, A NEONATOLOGY GROUP AND PEDIATRIC HOSPITALISTS GROUP EMPLOY 21 PHYSICIANS AND 2 APN/PA FOCUSED ON WOMEN'S AND INFANT'S HEALTH PROVIDING SERVICES OF 105,071 RELATIVE VALUE UNITS IN 2024. PATIENTS RECEIVE TREATMENT REGARDLESS OF ABILITY TO PAY.”

“TRANSFER FROM AFFILIATE - 58775000; Total - 58775000;”