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Home Health & Hospice Week

Compliance:

Beware Of Board of Director Insider Deals

Published on Thu Jun 28, 2012

Non-profit hospice gets raked over the coals in the press for doing business with board members and their spouses.How careful are you in avoiding the appearance of impropriety with your Board of Directors? You may want to get more diligent after seeing the case of Hospice of the Bluegrass in Lexington, Ky.In a June 23 article, the Lexington Herald-Leader newspaper takes the nonprofit to task for spending about $1.8 million over five years on business deals with companies of their board members or their spouses.For example: The hospice paid about a half million dollars for legal services from a firm that had two attorneys on the board; nearly $900,000 for insurance from a firm that had two employees on the board; nearly $400,000 for printing from a firm owned by the chief clinical officer's husband; more than $22,500 for heating and air conditioning from the CFO's husband; and more than [...]
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