Paeon Health Services Inc

“Delegation of management duties: paeon health services, inc. And the hospital service district no. 1 of the parish of terrebonne d/b/a terrebonne general medical center (the "district") have entered into a management services agreement. The district provides day-to-day management and administrative support and supervision to the corporation. The district does not receive compensation under the management agreement.”

“Classes of members or stockholders: paeon health services, inc. Is the wholly-owned subsidiary of ochsner clinic foundation, a related 501(c)(3) organization. Ochsner clinic foundation is the sole member of paeon health services, inc. Membership is not transferable or assignable.”

“Members or stockholders electing members of governing body: only the member may appoint members of the governing body.”

“Decisions requiring approval by members or stockholders: only the members may take the following actions: adopt or alter the articles of incorporation or bylaws; any business combination, dissolution or liquidation; create or investing in any subsidiary entity; purchase or acquire outside of the capital budget; execution of any contract; addition of members.”

“Review of form 990 by governing body: one or more members of senior management review the return. The return is also reviewed by ernst & young us, llp, the company's tax advisors. A copy of the return is then provided to each member of the board of directors electronically and comments are solicited from the entire board.”

“Conflict of interest policy: officers, directors, trustees, and key employees of ochsner clinic foundation and its subsidiaries are required to complete a conflict of interest disclosure form annually, or within 40 days of becoming an employee, or if a current employee has a change in business circumstances not previously disclosed. The conflict of interest program administrator reviews disclosures and determines whether action is necessary or if the disclosure needs to be reviewed by the conflict of interest steering committee. Ochsner clinic foundation requires annual certification that the relationships disclosed during a preceding calendar year are complete and accurate. In addition, employees that do not fall within the scope of the conflict of interest disclosure policy complete new hire or risk-based conflict of interest training in alignment with the conflict of interest policy. Paeon health services, inc. Officers, directors, or committee members must disclose both the existence of any actual or perceived financial interest and all material facts to the directors and members of the committee considering the proposed transaction or arrangement. The disinterested members, directors, or committee members shall decide by anonymous vote whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and fair and reasonable. Additionally, each board member shall annually sign a statement which discloses any conflict of interest and affirms the conflict of interest policy. An individual who violates the conflict of interest is subject to disciplinary action, which may include removal from office and/or the board. The board shall determine the appropriate disciplinary and corrective action for any conflicts of interest or any non-compliance with the conflict of interest policy.”

“Officer compensation: the officers of paeon health services, inc. Are not compensated by paeon health services, inc., but are compensated by related organizations for their roles as officers or executives of the ochsner clinic foundation. The process for determining compensation is described on the form 990 of ochsner clinic foundation (tin# 72-0502505).”

“Required documents available to the public: all governing documents, financial statements, and forms 990 and 990-t are available upon written request to the chief financial officer of ochsner clinic foundation. The conflict of interest policy is available upon written request to the audit services department of ochsner clinic foundation.”

“Compensation from integrated health system each of the officers/directors listed in part vii and schedule j hold positions with related 501(c)(3) organizations. For each of these individuals, the compensation listed is received from the related organization. The amount of time shown for each as "average hours per week" in part vii, section a, line 1a, column b, consists primarily of each officer's time spent on the officer's role with paeon health services inc. The remainder of each officer's time is spent fulfilling responsibilities through their roles with the related organization and/or is more evenly distributed across all other organizations in the integrated health system.”

“Healthcare services: program service expenses 3,157,033. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,157,033. Billing services: program service expenses 0. Management and general expenses 301,652. Fundraising expenses 0. Total expenses 301,652. Payroll processing: program service expenses 0. Management and general expenses 6,714. Fundraising expenses 0. Total expenses 6,714. Administrative fees: program service expenses 0. Management and general expenses 13,625. Fundraising expenses 0. Total expenses 13,625. Imc operating expenses: program service expenses 212,795. Management and general expenses 0. Fundraising expenses 0. Total expenses 212,795.”

“Paeon health services, inc. Is a subsidiary of ochsner clinic foundation (tin# 72-0502505), and is thus included in the consolidated financial statements of ochsner clinic foundation. Ochsner clinic foundation's financial statements are audited by an independent accountant. Ochsner clinic foundation has a committee for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant.”