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The Future Of UTMC - DetroitRocket - 02-11-2020 04:28 AM
University of Toledo Examining Options for Future of UTMC
By Meghan Cunningham : February 10th, 2020
Planning underway to stabilize hospital finances and examine future options
Facing the same economic realities of a rapidly evolving healthcare industry that confront most independent hospitals, The University of Toledo is thoroughly examining the operations and services of The University of Toledo Medical Center (UTMC) in the context of the current healthcare environment. This is being undertaken to determine the best options moving forward for the well-being of the University, its faculty, staff and students, and the Toledo community.
In recent years, UTMC has responded to the changing demographics and healthcare needs of our community by increasing its focus on primary care with the opening of the Comprehensive Care Center (2019), transitioning its Trauma Center to a Level 3 facility (2019) and expanding behavioral health services with the addition of an in-patient detoxification unit (2017).
“We have been investing in UTMC to help strengthen and expand the services most needed in our region because it is the right thing to do for our employees and the right thing to do for our neighbors,” UToledo President Sharon L. Gaber said. “During this time, we’ve also been closely monitoring the hospital’s financial health. We recognize the challenges at hand and have outlined a process to evaluate options for the future of UTMC.”
The University previously shared that the hospital’s losses for fiscal year 2018 totaled $3.5 million and grew to $7 million in fiscal year 2019. Halfway through the current fiscal year UTMC losses stand at $12.6 million, as reported by UTMC CEO Dan Barbee and UToledo CFO Matt Schroeder to the trustees on Monday.
“Unfortunately, the hospital is in an unsustainable financial position in its current model,” UToledo Board of Trustees Chair Mary Ellen Pisanelli said. “We are determined to work with a sense of urgency to address the hospital’s current financial situation and consider all options for UTMC moving forward. We will be as transparent and inclusive as possible throughout this process.”
UToledo has engaged advisors to review UTMC’s financial information, current service lines, market conditions and changing community needs, current and projected healthcare industry trends and more.
The process is expected to take several months.
If you have any questions to direct to the Board of Trustees, please submit them in writing to BOT@utoledo.edu.
RE: The Future Of UTMC - BearcatMan - 02-11-2020 08:49 AM
Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
RE: The Future Of UTMC - Springboromark - 02-11-2020 09:10 AM
Sad
RE: The Future Of UTMC - UTerry - 02-11-2020 09:27 AM
(02-11-2020 08:49 AM)BearcatMan Wrote: Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
If you sell the hospital, what do you do with one of the top Pharmacy Programs in the country???
How about the nursing program?
Does UT shut down teaching all of it's health care education programs???
if not, where do you house the programs at? move them back on main campus?
RE: The Future Of UTMC - DetroitRocket - 02-11-2020 09:28 AM
(02-11-2020 08:49 AM)BearcatMan Wrote: Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
The affiliation with Promedica was supposed to provide the medical school with fifty million dollars every year, which should have stopped the bleeding at UTMC which was supporting the medical school to the tune of 25 million a year. Not sure what is actually happening, but the president hasn't been very forthcoming.
RE: The Future Of UTMC - BearcatMan - 02-11-2020 09:58 AM
(02-11-2020 09:28 AM)DetroitRocket Wrote:(02-11-2020 08:49 AM)BearcatMan Wrote: Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
The affiliation with Promedica was supposed to provide the medical school with fifty million dollars every year, which should have stopped the bleeding at UTMC which was supporting the medical school to the tune of 25 million a year. Not sure what is actually happening, but the president hasn't been very forthcoming. People aren't getting that UTMC got the money, but the Medical/Nursing/Pharm Schools are not ALL of UTMC.
Medical School and Hospital are two VERY different things, and if you actually look at the financials, quite a bit of that Promedica money was going to subsidize the hospital operations, not the medical school, which is why the numbers are not as bad as they should be given the drop-off in treatment/care numbers.
This would only be a sale of the Hospital itself, not the entire campus, so UT would retain Pharmacy, Nursing, and Medical Schools in the sale. There really is not a BAD part to this deal. You could retain the supposed Top pharmacy school (that is actually the 5th ranked pharmacy school in the state) along with the high-value added nursing and medical schools while getting out of the patient care business...it would be a budgetary boon for us and allow for a business entity that knows how to run patient care facilities to improve the hospital itself.
RE: The Future Of UTMC - DetroitRocket - 02-11-2020 10:36 AM
(02-11-2020 09:58 AM)BearcatMan Wrote:(02-11-2020 09:28 AM)DetroitRocket Wrote:(02-11-2020 08:49 AM)BearcatMan Wrote: Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
The affiliation with Promedica was supposed to provide the medical school with fifty million dollars every year, which should have stopped the bleeding at UTMC which was supporting the medical school to the tune of 25 million a year. Not sure what is actually happening, but the president hasn't been very forthcoming. People aren't getting that UTMC got the money, but the Medical/Nursing/Pharm Schools are not ALL of UTMC.
Medical School and Hospital are two VERY different things, and if you actually look at the financials, quite a bit of that Promedica money was going to subsidize the hospital operations, not the medical school, which is why the numbers are not as bad as they should be given the drop-off in treatment/care numbers.
This would only be a sale of the Hospital itself, not the entire campus, so UT would retain Pharmacy, Nursing, and Medical Schools in the sale. There really is not a BAD part to this deal. You could retain the supposed Top pharmacy school (that is actually the 5th ranked pharmacy school in the state) along with the high-value added nursing and medical schools while getting out of the patient care business...it would be a budgetary boon for us and allow for a business entity that knows how to run patient care facilities to improve the hospital itself.
Pharmacy is #4 in Ohio and #60 nationally according to USN&WR, but still a very good school with PhD level programs that many don't have. Pharmacy as a profession, however, is really having a tough time. There has been an explosion of pharmacy schools over the last ten years that has created a glut of pharmacists so that salaries and job opportunities have both decreased. Some retail pharmacy chains have cut salaries for new hires by 25%.
Back to UTMC, there is also the $250 million in medical school upgrades from Promedica that don't seem to have materialized. My guess is that the med school gets moved to the Toledo Hospital campus.
RE: The Future Of UTMC - BearcatMan - 02-11-2020 10:37 AM
(02-11-2020 10:36 AM)DetroitRocket Wrote:(02-11-2020 09:58 AM)BearcatMan Wrote:(02-11-2020 09:28 AM)DetroitRocket Wrote:(02-11-2020 08:49 AM)BearcatMan Wrote: Sell it...The UNIVERSITY of Toledo shouldn't be involved in providing health care, and with the added motivation of dropping a financial anvil off the budget's shoulders, it's a no-brainer.
One does have to wonder, though, what this means for another University Division that has lost triple what UTMC has lost over the last 5 years....
The affiliation with Promedica was supposed to provide the medical school with fifty million dollars every year, which should have stopped the bleeding at UTMC which was supporting the medical school to the tune of 25 million a year. Not sure what is actually happening, but the president hasn't been very forthcoming. People aren't getting that UTMC got the money, but the Medical/Nursing/Pharm Schools are not ALL of UTMC.
Medical School and Hospital are two VERY different things, and if you actually look at the financials, quite a bit of that Promedica money was going to subsidize the hospital operations, not the medical school, which is why the numbers are not as bad as they should be given the drop-off in treatment/care numbers.
This would only be a sale of the Hospital itself, not the entire campus, so UT would retain Pharmacy, Nursing, and Medical Schools in the sale. There really is not a BAD part to this deal. You could retain the supposed Top pharmacy school (that is actually the 5th ranked pharmacy school in the state) along with the high-value added nursing and medical schools while getting out of the patient care business...it would be a budgetary boon for us and allow for a business entity that knows how to run patient care facilities to improve the hospital itself.
Pharmacy is #4 in Ohio and #60 nationally according to USN&WR, but still a very good school with PhD level programs that many don't have. Pharmacy as a profession, however, is really having a tough time. There has been an explosion of pharmacy schools over the last ten years that has created a glut of pharmacists so that salaries and job opportunities have both decreased. Some retail pharmacy chains have cut salaries for new hires by 25%.
Back to UTMC, there is also the $250 million in medical school upgrades from Promedica that don't seem to have materialized. My guess is that the med school gets moved to the Toledo Hospital campus.
I'm guessing that would be the most likely outcome of this...they've been eyeing a teaching hospital designation for awhile there, and with the financial partnership with UT it's a natural progression of the relationship.
RE: The Future Of UTMC - PaulJ - 02-11-2020 12:09 PM
Bye Bye UT Hospital, formally known as MUO, formally known as MCO. In a rapidly changing heath care industry there is no need for a full hospital function at that location nor for UT to own it as a drag on UT operating budget. Sell it, let another company turn it into a community clinic. The merger left UT with an expensive white elephant of a hospital that allowed Jacobs to bleed main campus to keep the hospital running, forcing cutbacks, restructuring and reorganization of academic mission, while doing nothing with the hospital expect shove UT money into it. Bye Bye
RE: The Future Of UTMC - FMRocket - 02-11-2020 03:18 PM
(02-11-2020 03:08 PM)FMRocket Wrote: If sale of the UTMC is a possibility, I would like to see the VA take control of the facility... Being a veteran I utilize the fairly new VA clinic on S. Detroit for immediate medical needs... But anything extensive - (nuclear medicine), MRI’s / ultrasounds, I have to go to the VA center up in Ann Arbor...
Any type of specialists on certain conditions all have to be referred up in AA... From Perrysburg it’s about 115 miles round trip for myself several times a year...
It would make sense to have a facility in NW Ohio to service the special treatment/hospitalization of local vets or others within a 50 mile radius ...
RE: The Future Of UTMC - BearcatMan - 02-12-2020 07:43 AM
(02-11-2020 03:18 PM)FMRocket Wrote:(02-11-2020 03:08 PM)FMRocket Wrote: If sale of the UTMC is a possibility, I would like to see the VA take control of the facility... Being a veteran I utilize the fairly new VA clinic on S. Detroit for immediate medical needs... But anything extensive - (nuclear medicine), MRI’s / ultrasounds, I have to go to the VA center up in Ann Arbor...
Any type of specialists on certain conditions all have to be referred up in AA... From Perrysburg it’s about 115 miles round trip for myself several times a year...
It would make sense to have a facility in NW Ohio to service the special treatment/hospitalization of local vets or others within a 50 mile radius ...
I doubt the VA would double up that close to another major hospital...it'll be McLaren as they try to build a bridge across the southern part of the Toledo community with St. Luke's. Theyve clearly seen an opportunity to expand in the area which is poor with options for care as far as the companies leading the facilities are concerned.
RE: The Future Of UTMC - eastisbest - 02-12-2020 05:24 PM
(02-12-2020 07:43 AM)BearcatMan Wrote: I doubt the VA would double up that close to another major hospital...it'll be McLaren as they try to build a bridge across the southern part of the Toledo community with St. Luke's. Theyve clearly seen an opportunity to expand in the area which is poor with options for care as far as the companies leading the facilities are concerned.
Baaaa to that. Not Veterans. Veterinary. Animals is where it's going to be. People care more about their doggies and kitties and comfort lizards than combat vets. Team up with UWisc Veterinary and get Scout on the team.
Where is the closest serious animal hospital? The one where you send them when there's nothing local? Ann Arbor per usual?
RE: The Future Of UTMC - BearcatMan - 02-13-2020 08:54 AM
(02-12-2020 05:24 PM)eastisbest Wrote:(02-12-2020 07:43 AM)BearcatMan Wrote: I doubt the VA would double up that close to another major hospital...it'll be McLaren as they try to build a bridge across the southern part of the Toledo community with St. Luke's. Theyve clearly seen an opportunity to expand in the area which is poor with options for care as far as the companies leading the facilities are concerned.
Baaaa to that. Not Veterans. Veterinary. Animals is where it's going to be. People care more about their doggies and kitties and comfort lizards than combat vets. Team up with UWisc Veterinary and get Scout on the team.
Where is the closest serious animal hospital? The one where you send them when there's nothing local? Ann Arbor per usual?
To be clear, I think it's a great idea for the VA to expand down here, I just don't see it happening with there being one of the largest non-Beltway facilities in the country for Veterans 45 minutes away.
RE: The Future Of UTMC - eastisbest - 02-13-2020 04:57 PM
(02-13-2020 08:54 AM)BearcatMan Wrote:(02-12-2020 05:24 PM)eastisbest Wrote:(02-12-2020 07:43 AM)BearcatMan Wrote: I doubt the VA would double up that close to another major hospital...it'll be McLaren as they try to build a bridge across the southern part of the Toledo community with St. Luke's. Theyve clearly seen an opportunity to expand in the area which is poor with options for care as far as the companies leading the facilities are concerned.
Baaaa to that. Not Veterans. Veterinary. Animals is where it's going to be. People care more about their doggies and kitties and comfort lizards than combat vets. Team up with UWisc Veterinary and get Scout on the team.
Where is the closest serious animal hospital? The one where you send them when there's nothing local? Ann Arbor per usual?
To be clear, I think it's a great idea for the VA to expand down here, I just don't see it happening with there being one of the largest non-Beltway facilities in the country for Veterans 45 minutes away.
That would be like UMHospitals or Cleveland Clinic opening up very large adjunct facilities.
Making Vets haul to Ann Arbor really isn't there goal. If there's a need and market elsewhere there's a need and market. That's the only thing matters, making that determination and seeing if there is a role that can be played locally.
There used to be a place just up the road towards Reynolds. Is that no longer there?
RE: The Future Of UTMC - BearcatMan - 02-14-2020 09:14 AM
(02-13-2020 04:57 PM)eastisbest Wrote:(02-13-2020 08:54 AM)BearcatMan Wrote:(02-12-2020 05:24 PM)eastisbest Wrote:(02-12-2020 07:43 AM)BearcatMan Wrote: I doubt the VA would double up that close to another major hospital...it'll be McLaren as they try to build a bridge across the southern part of the Toledo community with St. Luke's. Theyve clearly seen an opportunity to expand in the area which is poor with options for care as far as the companies leading the facilities are concerned.
Baaaa to that. Not Veterans. Veterinary. Animals is where it's going to be. People care more about their doggies and kitties and comfort lizards than combat vets. Team up with UWisc Veterinary and get Scout on the team.
Where is the closest serious animal hospital? The one where you send them when there's nothing local? Ann Arbor per usual?
To be clear, I think it's a great idea for the VA to expand down here, I just don't see it happening with there being one of the largest non-Beltway facilities in the country for Veterans 45 minutes away.
That would be like UMHospitals or Cleveland Clinic opening up very large adjunct facilities.
Making Vets haul to Ann Arbor really isn't there goal. If there's a need and market elsewhere there's a need and market. That's the only thing matters, making that determination and seeing if there is a role that can be played locally.
There used to be a place just up the road towards Reynolds. Is that no longer there?
There's a clinic right next to the new Bowsher HS, but it's only outpatient care, so that's probably what the argument is.