Val Verde Hospital Corporation

“Members or stockholders: val verde county hospital district is the sole member of the organization.”

“Election of governing body: the member, val verde county hospital district, shall appoint class a directors from its own board annually. The member shall appoint two class b directors initially and then shall appoint one class b director annually thereafter.”

“Decisions of the governing body: following amended bylaws enacted in july 2010, the board shall require approval of the new member val verde county hospital district, for the following decisions: a. The establishment of or any changes in the activities, philosophy, mission or purpose of the corporation as set by a member. B. Any amendments or revisions to the articles of incorporation or bylaws of the corporation. C. Any amendments or revisions of the articles of incorporation or bylaws of any subsidiary corporation of the corporation. D. The creation of, or investment in, any subsidiary entity, partnership or venture. E. Any amendment, revision or termination of the partnership agreement of any partnership or regulations of any limited liability company, to which the corporation is a party. F. The annual operating and capital budgets of the corporation. G. All material expenditure deviations, which is defined as $100,000 in any single or series of transactions, from the annual operating budget. H. All expenditure deviations from the annual capital budget. I. The purchase or acquisition of any real property by the corporation. J. Any debt or financing arrangement of this corporation for an amount that exceeds $100,000 that is not provided for in the corporation's annual operating or capital budgets. K. The merger, dissolution, or consolidation of the corporation or subsidiary corporation. L. The selection of the members of the board of directors or the removal of said board members, whether with or without cause.”

“Process to review form 990: the organization engages an outside accounting firm to prepare form 990. Once prepared the organization's internal accountants, ceo and cfo perform a detailed review of the return and a copy is presented to the board of directors prior to filing.”

“Process to monitor compliance with conflict of interest policy: in 2019, the organization continued to require all officers, directors, key employees, highly compensated employees and other management officials (covered persons) to disclose potential conflicts. Pursuant to the policy, a disclosure statement is circulated annually to covered persons in which the individual must disclose transactions that may result in a conflict. Covered persons are also encouraged to notify the board, appropriate management personnel, chief compliance office, general counsel, or the audit and compliance committee of the governing body as necessary. When necessary, the board chair or appropriate board committee may appoint a disinterested person(s) or committee to investigate the potential conflict of interest and recommend alternatives to the applicable transaction or arrangement or otherwise determine if the conflict can be resolved. If a more advantageous transaction or arrangement is not reasonably possible under the circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest of the organization, for its own benefit, and whether it is reasonable. The governing board or committee makes the decision as to whether to enter into the transaction or arrangement. Any member of the board operating under a conflict is not permitted to be present or otherwise participate in the vote on any matter to which the conflict relates. If the governing board or committee of the organization has reasonable cause to believe that a covered person has failed to disclose an actual or possible conflict of interest and after investigation the board or committee determines that the covered person failed to disclose a conflict of interest, the organization takes appropriate disciplinary or corrective action, which may include, termination of the individual's membership, employment, or contract. The facility or division ceo or the svp and chief ethics and compliance officer will review disclosures with supervisors and determine which require further action. Supervisors will discuss necessary action with the affected individual.”

“PROCESS FOR DETERMINING COMPENSATION: THE ORGANIZATION HAS ESTABLISHED AN INTERNAL PROCESS TO DETERMINE COMPENSATION. Annually, Val Verde Regional Medical Center participates and purchases various Texas wage surveys. The surveys are used to review current compensation and determine future compensation (grades and pay ranges) for jobs through the hospital and clinics. Market and equity reviews are conducted and presented to the CEO and senior leader team for consideration. The CEO's compensation is reviewed and determined by Val Verde Board of Directors.”

“Availability of documents: the organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“Description:collection fees total fees:548872”

“Description:purchased services total fees:3780003”

“Description:contract labor total fees:4828481”

“Description:professional fees total fees:2428”

“Description:physician fees total fees:11153891”

“Description:consultant fees total fees:176862”