Usc Verdugo Hills Hospital

“The sole corporate member of the organization is the usc health system, a california tax-exempt organization. The corporate member has the authority to approve directors elected by the board and remove directors and the authority to approve changes to the bylaws. Actions requiring approval of the corporate members include any changes to the composition of the board of directors, bylaw changes, certain property transactions, and budget approval.”

“Verdugo hills hospital's form 990 is reviewed at several levels. The hospital engages an external public accounting firm to assist in the preparation and review of its form 990 and to sign as paid preparer. Among those who conduct the review of the final form 990 at the hospital include management, external counsel, and the audit, compliance, and risk committee of the usc health system. The review of form 990 is conducted prior to it being filed and a final copy of the form 990 is provided to each member of the board of directors of the usc health system before it is filed.”

“As a related organization of the usc health system, the organization follows the health system's policies including the conflict of interest policy. The conflict of interest policy covers all interested persons employees and their close relations. Interested persons will continue to be subject to the policy for five years after ceasing to be an interested person. An "interested person" means any director, member of any committee appointed by the board (whether or not such person is a director), principal officer, or key employee who has a direct or indirect financial interest in a contemplated transaction or arrangement. In connection with any actual or potential conflict of interest, an interested person must fully disclose the existence of and all material facts related to the financial interest that gives rise to the actual or potential conflict of interest. Such disclosure shall be made to the chair of the board, the chair of the executive committee, or the chair of such other committee of the board as is authorized to review such transaction or arrangement referred to as an "appropriate committee". If a director, committee member, principal officer, or key employee becomes aware of any actual or potential conflict of interest related to another director, committee member, principal officer, or key employee, such person shall promptly bring it to the attention of the chair of the board, the chair of the executive committee, or the chair of an appropriate committee. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall be excused from the meeting of the board or appropriate committee during the discussion of the financial interest and the vote on whether a conflict of interest exists, which shall be determined by a majority of a disinterested quorum. The remaining board or committee members (or the sole member if there are no disinterested directors) shall decide if a conflict of interest exists. If the remaining board or committee members determine that the financial interest of an interested person does not constitute an actual or potential conflict of interest, the review process is complete. If an actual or potential conflict of interest has been found, the board or committee shall proceed as follows: the interested person shall be excused from the meeting during the discussion of, and the vote on, the transaction or arrangement, provided that the interested person may with the permission or at the request of the presiding officer address the meeting with respect to the transaction or arrangement before leaving the meeting. The body that considers the proposed transaction or arrangement shall be composed entirely of individuals without a conflict of interest with respect to the proposed transaction or arrangement. The board or appropriate committee may appoint a disinterested person or committee of disinterested persons to investigate alternatives to the proposed transaction or arrangement before voting on such transaction or arrangement. Further, legal counsel may be consulted if desired by the board or committee prior to considering the transaction or arrangement. The board or an appropriate committee (except as provided below), after the exercise of reasonable due diligence, may authorize or approve a transaction or arrangement by vote of a majority of the disinterested directors on the board or such committee after making the determinations set forth. If a director has a material financial interest in a transaction or arrangement, then the transaction or arrangement may only be approved by action taken by the full board, or by an appropriate committee. To authorize or approve a transaction or arrangement, the board or appropriate committee must determine the following: that the board (or appropriate committee) has knowledge of all material facts concerning the transaction or arrangement and the financial or other interest o”

“As a related organization of usc health system, the compensation of the organization's ceo, officers and key employees is determined annually by the usc health system board of director's executive compensation committee using the safe harbor process described in treasury regulation section 53.4958-6. Namely, a committee of the organization's board of directors takes the following three steps: (1) it ensures that no member of the committee has a conflict of interest with respect to the compensation arrangement being reviewed, (2) it looks to comparability data and specialized compensation reports (and in some cases opinions) prepared for the organization by independent compensation consultants with respect to similarly qualified individuals in comparable positions at similarly situated organizations, and (3) it maintains a contemporaneous record of its deliberations and decisions.”

“Verdugo hills hospital's bylaws and financial statements/annual report are available upon request.”

“The title for mary virgallito is exec. Admin, quality, patient safety and outcomes management.”

“Primary activity and program service accomplishments usc verdugo hills hospital (the organization) was organized on june 24, 2020 as a california nonprofit corporation for exclusively charitable, scientific and educational purposes within the meaning of section 501(c)(3) of the internal revenue code, including: to establish, equip, maintain, and operate nonprofit usc verdugo hills hospital, as part of the integrated health care system of the university of southern california; to coordinate the activities of the organization with other activities of usc health system in a manner that enhances the accessibility, quality and cost-effectiveness of health care services related to the communities served by the organization, provides associated services including, but not limited to, outpatient care and emergency care, to all persons without regard to sex, race, age, religion, creed, color or national origin, sexual orientation, or physical or mental disability, and supports the educational and research missions of verdugo hills hospital; to participate in activities designed and carried on to provide and improve the general public health and health of patients served by verdugo medicine; and in furtherance of the purpose, mission and activities of usc verdugo hills hospital, to provide other forms of aid and assistance to, for the benefit of, or in connection with the nonprofit components of verdugo hills hospital. As part of a university-based medical center, the hospital provides easy access for its patients to the best medical care available. The hospital provides a full range of personalized, quality inpatient and outpatient services to meet the community's health care needs. Its inpatient care includes geropsychiatric care, intensive care, medical/surgical, orthopaedics, obstetrics, transitional care, and telemetry. Its outpatient services include cardiac rehabilitation, diagnostic testing, emergency and life-threatening needs of adults and children in the community. Fast-track service is available around-the-clock for minor cases. The usc verdugo hills hospital physical medicine and rehabilitation department serves those who are in need of support in the areas of physical therapy, occupational therapy and speech therapy. The hospital will spend 100% of its time operating these hospital facilities and funds its activities through patient revenue from services rendered to patients and furnishing of the hospital's facilities in activities related to the hospital's exempt purposes. The hospital is also active in community health education, sponsoring numerous outreach programs throughout the local community. In particular, the hospital sponsors a variety of classes, seminars, lectures, and screenings each year devoted to increasing public awareness of healthcare. For example, the hospital provides community education and training with respect to disease prevention and health and wellness, including infant care, cancer treatment, art therapy, gerd, pain management, organ donation, cancer, fitness, nutrition, senior fall prevention, suicide prevention, childbirth preparation, and orthopaedic care. The hospital also offers cpr and first aid classes. The hospital also has a series of initiatives designed to address the healthcare needs of the community, including an annual health and wellbeing fair, an influenza immunization clinic, and mammogram screenings.”

“Beneficial interest in community foundation : $397,502 transfer to usc keck school of medicine $(3,773,276) ----------- total $(3,375,774)”