Peacehealth

“Summary of changes to ph articles article 7: there is no longer a requirement to have a minimum number of director positions on the board belong to sisters of st. Joseph of peace, nor a requirement for the congregation leader of sisters of st. Joseph of peace be a member. Summary of changes to ph bylaws article 2.2: there is no longer a requirement to have a minimum number of director positions on the board belong to sisters of st. Joseph of peace, nor a requirement for the congregation leader of sisters of st. Joseph of peace be a member. Arcticle 2.5: all directors will serve a 3 year term in office. Directors who are professed sisters of st. Joseph of peace are not subject to the same limit of 9 consecutive years of service. Article 2.18: the governance committee shall include at least one professed sister of st. Joseph of peace as long as one is serving as a peacehealth director.”

“Peacehealth networks (ein: 91-1230425) is the sole corporate member of peacehealth. Peacehealth networks is a 501(c)(3) organization.”

“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 independent 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 has ultimate approval authority for 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. The most recent compensation review was completed in september 2018, and included the president/chief executive officer, executive vice presidents, senior vice presidents, network chief executives, medical group chief executive, and other senior network roles (including cfo, coo, cao).”

“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 2017 was $195,123,959 as indicated on the schedule h in part i, line 7k column (e) and part ii, line 10 column (e).”

“Change in pension liability 15,216,405. Change in interest in related foundations 13,525,001. Temporarily restricted cash donations 3,274,250. Other changes in unrestricted net assets (4,793,781). Total to form 990, part xi, line 9 27,221,875.”