https://www.toledoblade.com/local/educat...0220919195
University of Toledo officials say ProMedica has fallen behind on its required payments to its medical college as part of a seven-year affiliation agreement, but ProMedica counters that UT owes it money, not the other way around.
UT spokesman Meghan Cunningham said Monday that ProMedica missed its August and September payments to UT — but wouldn’t say how much those payments are — as part of a 50-year affiliation agreement in 2015 that calls for millions in annual payments from ProMedica. Beginning in 2020, that amount was set at $50 million.
Did anyone say this was a bad idea when arranged? Did they? Well yes they did...
This city REALLY needs what a Medical College can offer. For that matter, the state should put a little less of its pork into columbus and help out. In addition, it's a spectacular campus and the most relaxed place I ever went to get work done. Let it rot out like so many jewels have in this city, it won't come back.
I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
(09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Is this true? I just went to a Dr. appointment and the discussion centered on Paramount insurance's financial woes which were made to sound severe.
(09-21-2022 07:40 AM)IamN2daRockets! Wrote: [ -> ] (09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Is this true?
Yes, there is no longer a Paramount provided option for faculty, staff, and students in their benefits package. I presume as UTMC is a public hospital, that they will still take Paramount coverage for care...but yes, one of the largest employers in the City of Toledo is no longer carrying Paramount as a benefits provider.
(09-21-2022 07:59 AM)BearcatMan Wrote: [ -> ] (09-21-2022 07:40 AM)IamN2daRockets! Wrote: [ -> ] (09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Is this true?
Yes, there is no longer a Paramount provided option for faculty, staff, and students in their benefits package. I presume as UTMC is a public hospital, that they will still take Paramount coverage for care...but yes, one of the largest employers in the City of Toledo is no longer carrying Paramount as a benefits provider.
Thanks Bearcatman.... see my previous post. Apparently Paramount is in deep financial trouble.
(09-21-2022 09:49 AM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 07:59 AM)BearcatMan Wrote: [ -> ] (09-21-2022 07:40 AM)IamN2daRockets! Wrote: [ -> ] (09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Is this true?
Yes, there is no longer a Paramount provided option for faculty, staff, and students in their benefits package. I presume as UTMC is a public hospital, that they will still take Paramount coverage for care...but yes, one of the largest employers in the City of Toledo is no longer carrying Paramount as a benefits provider.
Thanks Bearcatman.... see my previous post. Apparently Paramount is in deep financial trouble.
Yep...the whole bottom is getting ready to drop out from Paramount/Promedica here shortly.
There were never updates about what was happening with the $50 million UT was supposed to receive annually. From what I can tell, Promedica moved a number of UTMC departments to their Toledo hospital campus, built new buildings for them and considered that part of their payment to UT. The original agreement (still online) only included UT residents and fellows moving.That was the extent of the agreement.
Promedica/Paramount lost their Ohio Medicaid contract. I think Promedica really screwed UT. Another thing under previous president Gaber's watch that turned sour.
(09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Since Paramount is owned by Promedica I would not say that is related.
(09-21-2022 10:15 AM)BearcatMan Wrote: [ -> ] (09-21-2022 09:49 AM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 07:59 AM)BearcatMan Wrote: [ -> ] (09-21-2022 07:40 AM)IamN2daRockets! Wrote: [ -> ] (09-20-2022 01:52 PM)BearcatMan Wrote: [ -> ]I'm sure in a completely unrelated bit of news, the University has dropped Paramount health coverage for all employees and students in favor of Medical Mutual of Ohio.
Is this true?
Yes, there is no longer a Paramount provided option for faculty, staff, and students in their benefits package. I presume as UTMC is a public hospital, that they will still take Paramount coverage for care...but yes, one of the largest employers in the City of Toledo is no longer carrying Paramount as a benefits provider.
Thanks Bearcatman.... see my previous post. Apparently Paramount is in deep financial trouble.
Yep...the whole bottom is getting ready to drop out from Paramount/Promedica here shortly.
Doubt that. They have more tan $1 Billion in the bank and a slew of nursing homes they can sell including satellite hospitals.
(09-21-2022 12:50 PM)DetroitRocket Wrote: [ -> ] (09-21-2022 10:15 AM)BearcatMan Wrote: [ -> ] (09-21-2022 09:49 AM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 07:59 AM)BearcatMan Wrote: [ -> ] (09-21-2022 07:40 AM)IamN2daRockets! Wrote: [ -> ]Is this true?
Yes, there is no longer a Paramount provided option for faculty, staff, and students in their benefits package. I presume as UTMC is a public hospital, that they will still take Paramount coverage for care...but yes, one of the largest employers in the City of Toledo is no longer carrying Paramount as a benefits provider.
Thanks Bearcatman.... see my previous post. Apparently Paramount is in deep financial trouble.
Yep...the whole bottom is getting ready to drop out from Paramount/Promedica here shortly.
Doubt that. They have more tan $1 Billion in the bank and a slew of nursing homes they can sell including satellite hospitals.
Perhaps the basic problem is whether Promedica perceives they are in trouble and whether they want the UT partnership to continue. Likely not in any scale like negotiated. They could force some sort of break/change I'm sure. Just a damn lovely situation. Postel inherited a mess.
AG Yost threatened a lawsuit today if Promedica doesn’t pay one of those missed payments under the contract.
(09-21-2022 03:20 PM)utpotts Wrote: [ -> ]AG Yost threatened a lawsuit today if Promedica doesn’t pay one of those missed payments under the contract.
Damn..... this has escalated into oblivion.
The article I read clearly states that Promedica is demanding a renegotiated contract which surely means a lower payment agreement. Thus likely offsetting this by requesting fewer services from the College of Medicine. Damn - this is bad bad bad.
Even if contract is firmly reinforced the relationships sour
(09-22-2022 01:25 PM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 03:20 PM)utpotts Wrote: [ -> ]AG Yost threatened a lawsuit today if Promedica doesn’t pay one of those missed payments under the contract.
Damn..... this has escalated into oblivion.
The article I read clearly states that UT is demanding a renegotiated contract which surely means a lower payment agreement. Thus likely offsetting this by requesting fewer services from the College of Medicine. Damn - this is bad bad bad.
Even if contract is firmly reinforced the relationships sour
My recollection, from seeing the contract on the UTMC website, neither party can back out without the other's permission.
(09-22-2022 03:46 PM)DetroitRocket Wrote: [ -> ] (09-22-2022 01:25 PM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 03:20 PM)utpotts Wrote: [ -> ]AG Yost threatened a lawsuit today if Promedica doesn’t pay one of those missed payments under the contract.
Damn..... this has escalated into oblivion.
The article I read clearly states that UT is demanding a renegotiated contract which surely means a lower payment agreement. Thus likely offsetting this by requesting fewer services from the College of Medicine. Damn - this is bad bad bad.
Even if contract is firmly reinforced the relationships sour
My recollection, from seeing the contract on the UTMC website, neither party can back out without the other's permission.
Correction - Promedica wants a renegotiated contract
(09-22-2022 04:15 PM)IamN2daRockets! Wrote: [ -> ] (09-22-2022 03:46 PM)DetroitRocket Wrote: [ -> ] (09-22-2022 01:25 PM)IamN2daRockets! Wrote: [ -> ] (09-21-2022 03:20 PM)utpotts Wrote: [ -> ]AG Yost threatened a lawsuit today if Promedica doesn’t pay one of those missed payments under the contract.
Damn..... this has escalated into oblivion.
The article I read clearly states that UT is demanding a renegotiated contract which surely means a lower payment agreement. Thus likely offsetting this by requesting fewer services from the College of Medicine. Damn - this is bad bad bad.
Even if contract is firmly reinforced the relationships sour
My recollection, from seeing the contract on the UTMC website, neither party can back out without the other's permission.
Correction - Promedica wants a renegotiated contract
"there will be lawyers"