Peacehealth

“Peacehealth adopted an amendment to its bylaws in tax year 2013 which made peacehealth networks (ein: 91-1230425), formerly known as southwest washington health system, the sole corporate member of peacehealth. Peacehealth networks is a 501(c)(3) organization. When peacehealth affiliated with southwest washington health system in january 2011, peacehealth became the sole member of southwest washington health system. Effective january 1, 2014, southwest washington health system and peacehealth were reorganized so that the corporate membership relationship between them was reversed from what it had been for the three previous calendar years. Effective january 1, 2014, southwest washington health system (now known as peacehealth networks) became the sole member of peacehealth. Effective feburary 2014, the name of southwest washington health system was changed to peacehealth networks. Effective december 31, 2013, peacehealth networks bylaws were amended to make the peacehealth networks board identical to the peacehealth board, allowing additional members beyond members of the peacehealth board of directors to be appointed. In fy2017 the peacehealth ceo (who is not a member of the peacehealth board) was elected to the peacehealth networks board as its chair. Peacehealth networks currently has no operations and holds no financial assets in its own name (other than shares of stock in columbia united providers, a former licensee of the washington state office of the insurance commissioner). Effective 1/1/16 columbia united providers sold its medicaid managed care assets to molina healthcare of washington (ein: 91 - 1284790) and is in the process of discontinuing operations as of this filing.”

“The organization's accounting department works closely with the outside acccounting firm it engages (kpmg) to prepare and review the return. The evp, cfo and legal department review a draft of the form 990 and provide comments. The final draft is made available to the board of directors prior to filing the return.”

“Pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all board members. Board members are also required to disclose real or potential conflicts at the time when such conflicts arise. Officers and any key employees of peacehealth must agree to the conflict of interest policy at the time of their hire. The conflict of interest policy is discussed with the employee at their annual performance meeting and the employee must self-disclose any conflicts at this time. However, directors, officers and key employees are required to continually consider conflict of interest precepts and self-disclose any potential conflict at the time it arises. Should a potential conflict of interest arise, the board member having a potential conflict of interest shall not participate in discussions, use personal influence or vote on the matter in question. The conflict of interest statements and corresponding policies are monitored and decisions on conflicts are made by the peacehealth board of directors.”

“The chair of the peacehealth board of directors reviews and recommends, in partnership with representatives of an independent executive compensation consultant retained by the board of directors, the compensation of peacehealth's president/chief executive officer. The board of directors ultimately approves the compensation for the presdient/chief executive officer. Furthermore, the independent compensation consultant, with support from members of the human resources department, determines comparability data across various industry and applicable for-profit/not-for-profit organizations for periodically informing the governance committee of the board on the market competitiveness of the pay for peacehealth executives. Discussions and decisions made during the committee meetings are documented in meeting minutes.”

“All governing documents including the conflict of interest policy and financial statements are available on request.”

“Charity care and community benefits: peacehealth provides financial assistance to patients unable to pay for service. Financial assistance patients receive care at reduced cost or no charge when it is determined that payment cannot be obtained through insurance, outside agencies, or private means. Peacehealth offers information on available assistance prior to admission, financial assistance is also available post-care through financial counseling other community benefit costs include the unreimbursed cost of medicaid and government programs, health education, and community health improvement initiatives. Net community benefit expense and community building activities for tax year 2016 was $200,057,644 as indicated on the schedule h in part i, line 7k column (e) and part ii, line 10 column (e).”

“Change in pension liability 26,820,377. Change in interest in related foundations 6,171,503. Net assets released from restriction 3,914,732. Other changes in unrestricted net assets 20,909,033. Other changes in temp restricted net assets 23,475. Total to form 990, part xi, line 9 57,839,120.”