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2014-457 Health - Piedmont Health Services - Outside Agency Performance Agreement to properly and fully complete the work set forth in the Scope of Services $10,000
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2014-457 Health - Piedmont Health Services - Outside Agency Performance Agreement to properly and fully complete the work set forth in the Scope of Services $10,000
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Last modified
5/23/2017 11:32:17 AM
Creation date
10/17/2014 2:17:49 PM
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BOCC
Date
10/17/2014
Meeting Type
Work Session
Document Type
Agreement
Agenda Item
Manager signed
Amount
$10,000.00
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R 2014-457 Health - Piedmont Health Services - Outside Agency Performance Agreement
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2014
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Notes to Financial Statements <br /> Page 20 <br /> Note 16: Temporarily Restricted Net Assets, Continued , <br /> 2013 2012 <br /> Used for capital acquisitions: <br /> Rural Hope Center $ 67, 000 <br /> University of North Carolina <br /> Health Care Systems - 2,253 <br /> Kate B. Reynolds Foundation - 1,468 <br /> Fidelity Foundation 89,502 <br /> AccessCare - 554 <br /> Hamlett Associates 26,551 - <br /> Total Amount Released <br /> from Restriction- <br /> Capital Acquisitions $ 26,551 S 160,777 <br /> Note 17: Stop-Loss Insurance <br /> The Organization entered into a stop-loss agreement with an <br /> insurance company to limit its losses on individual claims. <br /> Under the terms of this agreement, the insurance company will <br /> reimburse the Organization approximately 90 percent of the cost <br /> of each person's annual hospital services, in excess of a <br /> $100,000 .deductible, up to $1,000,000 per covered person per <br /> policy period in excess of the specific _deductible and . co- , <br /> insurance. <br /> Stop-loss insurance premiums of approximately $39,321 and <br /> $39,591 are included in patient care expenses in 2013 and 2012, <br /> respectively. Approximately $.-0- . and $100,209 in stop-loss <br /> insurance recoveries are deducted from patient care expenses in <br /> 2013 and 2012, respectively. <br /> Included in other receivables is approximately. $-0- and <br /> $100,209 recoverable from insurers at November 30, 2013 and <br /> 2012, respectively. <br /> -33- <br />
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