Peacehealth Networks

“Peacehealth networks is the sole member of peacehealth (ein: 91-0939479). All references below to departments and management refer to peacehealth departments and management. The organization's accounting department works closely with the outside accounting 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.”

“A formal conflict of interest questionnaire is distributed to peacehealth networks board members and officers at least annually. Responses are reviewed by the peacehealth organizational integrity department and any perceived or real conflicts of concern are documented in a management plan and reviewed by network and board leadership. Board members and officers are obligated to bring any changes in status vis-a-vis the conflict of interest policy to the board's attention for review and disposition between survey periods. If peacehealth organizational integrity believes a disclosure poses a potential or actual conflict, it must indicate to the covered person how to dispose of or manage the conflict. Peacehealth organizational integrity involves leaders from other departments as needed to review and manage disclosed conflicts of interest. If peacehealth has reasonable cause to believe that an individual has failed to disclose an actual or possible conflict of interest or otherwise violated this policy or refused to cooperate in an investigation related to compliance with this policy, it must inform the person of the basis for the belief and afford an opportunity to explain the alleged failure to disclose. If after hearing the response and making such further investigation as may be warranted in the circumstances, peacehealth determines a person has in fact failed to disclose an actual or possible conflict of interest, it may take appropriate disciplinary and corrective action up to and including dissolution of the person's affiliation with peacehealth.”

“Peacehealth networks does not compensate employees. Rather, all employees that spend time on peacehealth networks operations are compensated by peacehealth. 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 president/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 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 2021, 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.”

“Change in net assets of peacehealth networks on demand, llc -67,946,986. Change in net assets of clare reassurance, ltd -21,998. Change in net assets of peacehealth ambulatory llc -111,766.”