Clark Regional Medical Center
Rating: 0 stars 0 0 review 65
804 Bypass Rd Winchester KY 40391 USA
The greater clark foundation, inc. Formerly operated in a manner consistent with the requirements of rev. Ruling 69-545, through it provision of health care services to the community, regardless of its ability to pay. We want our community to be unrelenting in our pursuit of excellence in all assets that define a strong sense of place -civic engagement, economic development, education, health, well-being and quality of life. Gcf will play the important role of catalyst, crusader and promoter to ensure that ours is a vital and resilient community.
In, 1915, the organization was originally granted a charter as a non-profit organization operating as a hospital. As reported in the 990 for the year ending june 30, 2010, the organization sold its hospital operations to an unrelated third party. Fye june 30, 2011, the organization incurred reminent expenses for its former hospital operations that were not included or accrued in the prior financial statements. These expenses include legal and accounting fees for the settlement of the sales transaction, and othe reminent costs. Inclusive of adjustments to third party payor reimbursements and liabilities.
the board of directors voted as of may 2010, the organization could better serve its community through means other than operating non-profit hospitals. The organization provides reasonably priced health care facilities in order to recruit and maintain healthcare providers to clark county / winchester, ky and surrounding counties which it has historically provided. The organization is performing these tasks by continuing to maintain and rent real property retained by the organization after the sale of its hospital operations.
to achieve its exempt purpose and deploy its assets efficiently as it transitions from a hospital described in 170(b)(1)(a)(iii) to a 509(a)(2) organization, the volunteer board of directors engaged in a variety of strategies including grants and other programs to accomplish its mission.
the organization is completing a program to demolish the former abandoned hospital building according to environmental governmental agencies best practices. In addition, the organization is investigating the restoration of hospital land into park and recreational areas for the socio-economic, health and well being of citizens in its mission area.
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