Osumount Carmel Health Alliance

What it reported doing in 2024

Osu/mount carmel health alliance is an organization formed by the Ohio state university (osu), an instrumentality of the state of Ohio which operates the Ohio state university medical center, and mount carmel health system (mchs), a tax-exempt health care system. Osu and mchs recognized that the health care delivery environment is prompting the formation of a variety of merged, combined and/or cooperative health care delivery networks and systems. Such cooperative undertakings represent collaborative efforts of health care providers to better administer, manage, provide and plan for the delivery of health care services. In response to these environmental factors, osu and mchs formed the health alliance to achieve the following objectives: a. Enhance the ability of osu and mchs to respond to the health care needs of the communities they serve by combining their capabilities, resources and services to facilitate health care delivery throughout the central Ohio area; b. Reduce the cost of health care services to the communities served, in part by elimination of duplicate health care technologies, services and programs within communities; c. Respond efficiently to the opportunities to develop health care networks and systems, particularly through collaborative and cooperative efforts among the osu-mount carmel health alliance (health alliance) and other potential partners in the central Ohio area.the health alliance and its related entities provide services intended to benefit the poor and underserved, including those persons who cannot afford health insurance because of inadequate resources and/or are uninsured or underinsured. The health alliance strives to enhance the health status of the communities in which it operates.

Financial Efficiency

• Mission deployment rate: 0%; rating input score 0
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
• Governance controls: 3 of 9 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Limited
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: 30.1% per year; rating input score 100; 90th percentile among comparable filings
• Revenue growth: 16.1% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 7% per year; rating input score 100; 47th percentile among comparable filings