Hendrick Anesthesia Network

“Physicians who are employed by the entity shall have authority to nominate, from time to time, those physicians who shall serve as directors.”

“Article vii of the restated articles of incorporation provides, in part, that an amendment to article ii relating to the purpose of the corporation and article vi relating to the number and method of the election or appointment of the board of trustees shall occur only with the consent of the baptist general convention of texas or its executive board.”

“The organization engages an outside accounting firm to prepare form 990. Once prepared, the form is reviewed by the organization's internal accountants prior to filing.”

“The organization conducts, at a minimum, annual reviews of the possible conflicts of interest and other financial relationships identified under this conflict of interest policy.”

“A comprehensive review of compensation is conducted by an independent party at least every three years. This report presents the results of the analysis of salary, incentive, total cash compensation (salary plus incentive), benefits, and total compensation (total cash and benefits). Integrated healthcare strategies (ihs) works with the personnel committee to formally define an executive total compensation philosophy. Hendrick health system's current philosophy is to use ranges built around the median of the market with a 50% spread from minimum to maximum. Incentive opportunity levels are competitive with practices of peer groups and benefits will be delivered at market competitive levels. Severance and perquisites reflect a conservative philosophy. The committee determined that the peer group would be primarily regional not-for-profit hospitals of similar size and complexity. National peer group will be used for reference purposes where appropriate. The hendrick health system personnel committee is delegated the responsibility for the executive compensation program by the board of trustees. The committee: sets the overall executive compensation philosophy to be implemented by hendrick health system; sets compensation components for the president and ceo; reviews, discusses and makes decisions based on the president and ceo's recommendations for his direct reports; reports a summary of the process back to the board of trustees along with the actual compensation approved for the president and ceo; and approves all incentive goals and awards.”

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

“Material differences in voting rights: officers of hendrick medical center who are board members of hendrick anesthesia network are not voting members.”

“Hendrick medical center is the sole member of hendrick anesthesia network.”

“Other changes in net assets: transfer from affiliates $ 9,815,563”