Beaumont Medical Group - Specialty Services

“The following individuals have a business relationship because they are board members or shared officers of a taxable entity within the Beaumont Health System: James Lynch John Kerndl Carolyn Wilson, RN David Wood, MD”

“Beaumont Medical Group - Specialty Services is a wholly owned subsidiary of Beaumont Health.”

“Beaumont Health, the parent corporation and sole member of Beaumont Medical Group - Specialty Services, has the right to elect one or more members of Beaumont Medical Group - Specialty Services' governing body.”

“Beaumont Health, as the corporate member of Beaumont Medical Group - Specialty Services, has designated reserved powers over Beaumont Medical Group - Specialty Services' operations, including but not limited to budget, acquisitions, capital projects and participation in joint ventures.”

“Form 990 was subjected to a multi-step review process prior to filing with the government by the statutory due date. Form 990 is prepared by Beaumont Health Treasury Administration, reviewed by that department's management, and subsequently reviewed by the filing entity's paid preparer. As the final step in this review process, a copy of the final filing version of Form 990 is provided to each voting member of the filing entity's governing body for their review prior to the form being filed.”

“Beaumont Health, the parent corporation and sole member of Beaumont Medical Group - Specialty Services, recognizes that it has an obligation to its patients, its payors, its designees, and the communities it serves to observe the highest level of integrity to ensure clinical, business, and academic decision making is not compromised by financial or other relationships with industry. The Corporate Compliance Office, with the assistance of human resources and specific individual departments, will coordinate upon hire and each calendar year thereafter, a process of obtaining conflict of interest/disclosure of remuneration statement. All areas of the institution will follow the human resources hiring process protocol to assure compliance with the conflict of interest program. At any time when a designee becomes involved in a relationship that is or may be perceived to be a conflict of interest, the designee must complete the conflict of interest/disclosure of remuneration statements and forward to the Corporate Compliance Officer. A conflict of interest or need to disclose remuneration may exist if a Beaumont designee or any member of their immediate family receives compensation in any form for services rendered in any capacity to any organization or individual that has any past, present, or prospective business dealings with Beaumont, if such compensation might be reasonably construed as tending to prevent the designee from acting solely and wholly in the best interest of Beaumont Health.”

“Beaumont Health's Board of Directors, of which Beaumont Medical Group - Specialty Services is affiliated, has duly appointed an Organization and Compensation Committee (the "Committee"), which is responsible for the review and approval of compensation and benefits provided to Beaumont and its affiliated members' executive management teams. The Committee has adopted a written executive compensation philosophy statement governing the work and review process of the Committee. The Committee follows the procedures described in the philosophy statement when it reviews and approves the compensation and employee benefits provided to senior management, including the Chief Executive Officer and other officers. The Committee reviews all aspects of compensation, including current and deferred compensation, and benefits, including qualified and non-qualified benefits. The Committee meets four times a year and approves compensation and benefits only to the extent that the Committee has concluded that the compensation and benefits constitute no more than reasonable compensation for each executive. The Committee consists of six members, all of whom are disinterested members of the Board of Directors. The Committee works with an independent compensation consultant to prepare and review in advance comprehensive data showing the compensation provided by similarly situated organizations for functionally similar positions. The Committee also prepares a timely and thorough written record of its deliberations and conclusions. As a result, the Committee's review process is designed to satisfy the procedural criteria necessary to qualify for the rebuttable presumption of reasonableness under the federal income tax law intermediate sanctions rules. The Committee has expressly determined that the total compensation provided is reasonable, based on the review of the market data presented by the independent compensation consultant and on the review of all other relevant facts and circumstances.”

“The organization will provide any documents that are required to be open for public inspection to the public upon request.”

“The health system has a centralized accounts payable function and, as such, all 1099's are issued by Beaumont Health.”

“Transfer to Beaumont Health -79,187,802. Transfer from William Beaumont Hospital 46,744,219. Transfer from Botsford General Hospital 8,387,913. Transfer from Oakwood Healthcare, Inc. 27,889,321. Transfer from BMG-HBS 80,705.”