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.”

“Peacehealth networks has no employees, but peacehealth (ein: 91-0939479) and peacehealth networks currently share a common board of directors. In addition, the peacehealth ceo serves on the peacehealth networks board as its chair. Peacehealth has in place a policy to monitor and prevent a conflict of interest among officers, directors, and key employees. 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.”

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

“Change in net assets of columbia united providers 85,967.”