University Medical Group Inc

“Form 990 part vi line 11b an outside accounting firm prepared the federal form 990. The controller and the chief executive officer (ceo) of university medical group (umg) review the form 990. The ceo reports the organization's operating and financial results to the umg board of directors. The federal form 990 is also provided to the umg board of directors prior to filing.”

“Form 990 part vi line 12c an institutional conflict of interest (icoi) may exist when umg board of director members or executives have external relationships or financial interest (hereinafter defined as "significant financial interests") in a company or organization that has significant business transactions with the organization. These dual relationships may interfere, or appear to interfere, with the obligation to act in the organization's best interest. Because the appearance of a conflict may be as damaging to the public trust as an actual conflict, potential conflicts must be disclosed, evaluated, and managed with the same thoroughness as actual conflicts. The integrity program oversight council (ipoc) is the board-designated body to review potential icoi's as described above. Potential icoi's will be identified through the executive and board member conflict of interest disclosures and other sources. This policy applies to all umg board of directors members and umg executives. Umg board of directors members and umg executives shall disclose to the ipoc annually, on a form approved by the ipoc, relationships and circumstances that could, to the best of the executive's knowlege, pose a potential or actual conflict of interest under this policy. If the ipoc believes a disclosure poses a potential or actual conflict, it shall indicate to the umg board of directors member or umg executive how to dispose of or manage the conflict. Disclosures are due annually. If the responses to any of the questions change during the year, the disclosure form must be revised and resubmitted. Any real or apparent icoi must be reviewed by the ipoc, which may impose management conditions including, but not limited to: a. Ensuring that institutional financial interests and investments are being managed by individuals/departments that are not involved in purchasing, procurement, contracting, research, or other operations decisions and oversight; b. Requiring public disclosure of the institutional coi in publications, presentations, or other public announcements; c. Imposing an escrow period for realizing a financial gain ("cashing out"); d. Divesting the financial interest; e. Reassigning, removing, or otherwise making a firewall for executives who may be conflicted or perceived as not having "clean hands" for any business decisions or activities involving any entity with which the executive has a significant financial interest; f. Notification to a donor that gifts to umg will not be taken into account for future business relationships, or refusal or return of gifts, entertainment, or other prerequisites from an entity that has a business relationship with umg or in which umg and/or an executive has an investment; and/or g. Other management plans that the ipoc may design. Icoi management is in addition to any management that might apply for individual conflicts of interest.”

“Form 990 part vi, line 15a & 15b the compensation for the university medical group coo, also serving as the ohsu director of enterprise revenue cycle, was derived by data gathered from the american association of medical colleges (aamc) - appd annual salary survey. Along with mbl group, a compensation consultancy, utilizing their larger databases and other sources, the umg ceo and ohsu hospital cfo determined the base pay level. For incentive compensation, formulaic components consistent with the ohsu management incentive program (mip) were used to define the bonus amount based upon the rollup of various revenue cycle performance goals across both umg and ohsu. The ceo and hospital cfo presented the performance evaluation, bonus goal results and a base compensation & bonus proposal to the dean of the ohsu school of medicine and the ohsu executive vice president for their collective approval. The compensation for the university medical group ceo, who also holds the position of ohsu senior associated dean, is based on the time allocated to efforts devoted to the university medical group revenue cycle. As of january 2009, it was determined that this effort represented approximately 10% of total time spent. Compensation from university medical group remains fixed based up on this percentage of his ohsu base compensation at that time.”

“Form 990 part vi line 19 while federal tax laws do not mandate that the organization's governing documents and financial statements be made available for public inspection, university medical group will provide these documents upon request.”