Appalachian Emergency Physicians

“The tax return is prepared by an unrelated, independent accounting firm and then submitted to internal management for internal review. Copies are available to the entire board for review.”

“Every covered person as defined by the conflicts of interest policy adopted by the board of directors shall be subject to that policy. As part of said policy, every covered person shall complete a conflicts of interest disclosure statement in accordance with the requirement of the conflicts of interest policy.”

“Aep does not compensate its directors or officers. Aep has entered into professional service contracts with physicians to assist aep in providing emergency service coverage to hospitals. These agreements may include fixed rates and bonuses based on productivity or achieving quality, patient satisfaction scores or other quality metrics. The methodology or amount of the bonus is fixed and set in advance within each contract. Bonus formulas are based upon reached pre-determined and objectively verifiable performance metrics. In addition to addressing excess benefit, private inurement and private benefit concerns, aep's compensation arrangements are structured in a manner to comply with applicable fraud and abuse laws that apply to health care providers. Aep has negotiated each of its compensation arrangements at arm's length. The agreements include commercially reasonable terms and conditions with a compensation arrangement that is consistent with fair market value for the services rendered. The terms and conditions of such arrangements have been, are and will continue to be set through good faith negotiations among the relevant parties in an effort to be consistent with similar arrangements for other health care providers providing similar services in similar specialties within southwestern virginia and northeastern tennessee. National physician compensation survey data (e.g., mgma physician compensation survey) and other objective comparable data has been and will continue to be used as the basis for setting physician compensation arrangements. Aep also utilizes the services of nationally-recognized valuation firms to evaluate certain proposed compensation arrangements to ensure that they are consistent with fair market value and are commercially reasonable.”

“The conflict of interest policy, in addition to other governing policies, is available upon request. All corporate policies and corporate financial statements are also available upon request.”

“Board of directors members candace jennings, ann fleming, bert smith, m.d., ty putnam, m.d., former president clay runnels, m.d., and president mark wilkinson, m.d. Receive reportable compensation from related organizations derived from services they provided as employees. Aep does not compensate its directors or officers.”

“Consulting fees: program service expenses 1,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,603. Medical director & physician fees: program service expenses 22,569,263. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,569,263. Purchased services: program service expenses 4,876,162. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,876,162. Management fees: program service expenses -123,918. Management and general expenses 0. Fundraising expenses 0. Total expenses -123,918.”