Peak Health Alliance

“Effective december 12, 2024, pha amended its bylaws. These are the significant changes: number: the number of directors was changed from a minimum of ten (10) to a minimum of five(5). The maximum of seventeen (17) remained unchanged. Term and election: director's term in office remained unchanged at two years. The election procedures were changed to the following: once the maximum number of terms has been reached, a director must remain off the board for one year, and then can be re-appointed to the board. Once a year the current slate of all directors is presented to the members for approval or disapproval. The elections for members will be conducted via an online ballot, with notice to all known members with known contact information via email, letter, or any other method permitted by applicable law. If accepted, that board will lead peak decisions for the next year. If rejected, a new election will be held within 6 months. A quorum of the most recent active board members will choose at least 10 candidates for the membership to choose from, this choice of volunteer board members will be presented to membership for consideration and vote, and the top 9 board candidates who get the most votes will be seated as the new peak board.”

“"member" shall mean (1) any public or private employer that has employees covered for health benefits through a corporation-sponsored health plan ("employer members"); (2) any individual who purchases coverage through a corporation-sponsored health plan ("individual members"), and (3) any employer or resident of a junsdiction where the corporation offers health benefits through a corporation-sponsored health plan who elects to become a member of the corporation, but has not elected to enroll in a corporation- sponsored health plan (or, in the case of employers, offer such benefit plans to their employees). Employer and individual members meeting the definitions in clauses (1) and (2) shall constitute a class of "voting members- and shall be given voting rights in elections conducted by the corporation in accordance with policies and procedures for elections established by the board of directors. Members who meet the definition in clause (3) shall constitute a class of "non-voting members" without voting rights in any elections conducted by the corporation.”

“The voting members of peak elect the members of the governing body at the annual meeting.”

“Draft copy of the 990 is emailed to all executive board members and approved by the full board before filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (i) has received a copy of the conflicts of interest policy; (ii) has read and understands the policy; (iii) has agreed to comply with the policy; and (iv) understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The board of directors annually reviews the executive director's salary and approves.”

“Peak's governing documents, conflict of interest policy, and financial statements are available upon request during regular business hours.”

“Peak health alliance is organized for the purpose of arranging for more cost-effective health insurance and health insurance administrative services for employers with a physical presence in rural colorado and their employees and individuals who reside within communities who have joined peak health alliance.”

“Peak health alliance uses the purchasing power of the communities we represent to negotiate lower health insurance premiums. We offer health insurance plans through an insurance carrier selected based on their ability to offer the most competitive rates and comprehensive plans. While our ability to operate and offer plans is granted under colorado law and enforced by the division of insurance, we are not a state agency. The key to our success is a collaborative approach that includes local leaders and providers in developing innovative healthcare solutions. Pha has expanded its service area to include nearby grand, lake, and park counties. In southwest colorado, peak partners with the local first foundation to serve dolores, la plata, montezuma, and san juan counties. Archuleta county is new for 2024. In its brief existence, peak health alliance has saved members more than 18.9 million dollars across the communities it serves. These savings mean money that would have been spent on insurance premiums remained in the local economy.”

“Negotiation 20,004 0 0 data analysis 2,478 0 0 southwest colorado advocate 5,750 0 0 marketing 0 0 58,800 other contract services 20,200 0 0 total 48,432 0 58,800”