Lehigh Valley Health Network

What it reported doing in 2023

Pocono ambulatory services, in support of lehigh valley hospital - pocono, provides outpatient services to its patients through its general partnership interest in pocono ambulatory surgery center (pasc). Lehigh valley hospital - pocono, an affiliate of pocono ambulatory services, inc., provided services for ambulatory, outpatient surgical procedures by allocating rooms which were utilized for both outpatient and inpatient procedures. Pocono ambulatory services, inc. Was organized for the purpose of developing a center dedicated to performing outpatient procedures. In this regard, pocono ambulatory services acquired a general partnership interest in pasc. In order to ensure that pasc operates in a manner consistent with the health care standards and mission of the lehigh valley hospital - pocono, the partnership agreement expressly provides that pasc will adopt and maintain various standards and practices of the lehigh valley hospital - pocono. Pocono ambulatory services primarily operates in a management capacity for the center by providing outpatient services in a state-of-the-art, cost effective offsite facility, involving surgeons on staff at lehigh valley hospital - pocono. Accordingly, the uninsured and underinsured will not be denied treatment, thus allowing the overall health system to cope with this increasing social responsibility. Included among multiple specialty services provided by the center are orthopedics, ophthalmology, gynecology, ear, nose, and throat, rectal, podiatry, endoscopy, general surgery, and urology. Pocono ambulatory services merged into its sole corporate member, lehigh valley hospital - pocono, effective 12/31/2023.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 100%; rating input score 100
• 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; 9th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -13,587.4%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 121.3%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: -11.3% per year; rating input score 0; 27th percentile among comparable filings
• Revenue growth: -6.9% per year; rating input score 0; 40th percentile among comparable filings
• Asset growth: -2.2% per year; rating input score 0; 30th percentile among comparable filings