Eqhealth solutions inc conflict of interest policy
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eQHealth Solutions, Inc. CONFLICT OF INTEREST POLICY PowerPoint PPT Presentation


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eQHealth Solutions, Inc. CONFLICT OF INTEREST POLICY.

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eQHealth Solutions, Inc. CONFLICT OF INTEREST POLICY

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Eqhealth solutions inc conflict of interest policy

eQHealth Solutions, Inc.CONFLICT OF INTEREST POLICY

The purpose of this policy is to protect eQHealth Solutions when it is contemplating entering into a transaction or arrangement that might benefit the private interest of eQHealth Solutions and other business entities affiliated to it and those of employees, officers, directors, managers and sub-contractors or might result in a possible excess benefit transaction. Board members, employees, officers, directors, managers, and sub-contractors have an obligation to conduct business within guidelines that prohibit actual or potential conflicts of interest.


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CONFLICT OF INTEREST (con’t)

Definitions

Conflict of Interest – An actual or potential conflict of interest occurs when a board member, employee, manager, sub-contractor or interested party is in a position to influence a decision in any matter involving his/her partner, business associate, health care facility or association of health care facilities or immediate family member in which he/she has a monetary interest. For the purpose of this policy, a relative is any person who is related by blood or marriage, or whose relationship with a board member, employee, or designated committee member is similar to that of persons who are related by blood or marriage.


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CONFLICT OF INTEREST (con’t)

Definitions (con’t)

Organizational Conflict of Interest – Due to other activities or relationships with other persons or entities, a person or entity is unable or potentially unable to render impartial assistance or advice to the company or client, or the person/entity’s objectivity in performing the contract work is or might be otherwise impaired, or a person/entity has an unfair competitive advantage.


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CONFLICT OF INTEREST (con’t)

Definitions (con’t)

Financial Interest – A person/entity has a financial interest if the person/entity has, directly or indirectly, through business, investment, or family:

  • An ownership or investment interest in any entity with which eQHealth Solutions has a transaction or arrangement

  • A compensation arrangement with eQHealth or with any entity or individual with which eQHealth has a transaction or arrangement.

  • A potential ownership or investment interest in, or compensation arrangement with, any entity or individual with which eQHealth is negotiating a transaction or arrangement.

  • A direct or indirect ownership or investment interest (including an option or non-vested interest) in any entity that exists through equity, debt, or other means and includes any indirect ownership or investment interest no matter how many levels removed from a direct interest.

  • A compensation arrangement with an entity.


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CONFLICT OF INTEREST (con’t)

Definitions (con’t)

Compensation includes direct or indirect remuneration as well as gifts or favors that are not insubstantial.

A financial interest is not necessarily a conflict of interest. A person/entity who has a financial interest may have a conflict of interest only if the Board or designated committee of the Board decides that a conflict of interest exists.


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CONFLICT OF INTEREST (con’t)

Procedures

  • In connection with any actual or possible conflict of interest, eQHealth and other entities affiliated to it, and those of employees, officers, directors, managers, and sub-contractors must disclose the existence of any financial interest or organizational conflicts and be given the opportunity to disclose all material facts to the Board or its designated committee.

  • The Board or its designated committee shall decide if a conflict of interest exists.


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CONFLICT OF INTEREST (con’t)

Procedures (con’t)

  • If the Board or its designated committee has reasonable cause to believe a person/entity has failed to disclose actual or possible conflicts of interest, it shall inform the person/entity of the basis for such belief and afford them an opportunity to explain the alleged failure to disclose.

  • If, after hearing the person/entity’s response and after making further investigations warranted by the circumstances, the Board or its designated committee determines the person/entity has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.


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CONFLICT OF INTEREST (con’t)

Annual Training

Each Board Member, manager, employee, and sub-contractor shall annually receive refresher training on the Conflict of Interest Policy and shall annually sign a statement which affirms that they:

  • Receive a copy of the conflicts of interest policy,

  • Read and understand the policy,

  • Agree to comply with the policy, and

  • Understand that eQHealth is a 501(c) 3 organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.


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