The University of Toledo
ProMedica, UT Extend Academic Relationship
posted on: 11/28/2011
TOLEDO, Ohio, July 25, 2011 – One year ago, ProMedica and The University of Toledo established the Academic Health Center, a relationship intended to enhance clinical education and research in our community and help ensure that a new generation of healthcare professionals will be ready to care for our community in the decades ahead.
The relationship between the two organizations continues to strengthen. In fact, The University of Toledo and ProMedica have extended the contractual relationship. After completion of the original agreement in 2016, the agreement will automatically renew for successive three-year terms.
"Extending the contract so that it will automatically renew is an indication of the level of commitment ProMedica and UT have to the success of the Academic Health Center," says Olivia Summons, Chairperson, Academic Health Center Corporation Board of Trustees. "It speaks volumes as to how far the relationship between ProMedica and The University of Toledo College of Medicine has come in just the last year."
To further emphasize the focus on keeping talented caregivers in the community, ProMedica and The University of Toledo have established the Better Together Scholarship Fund.
The purpose of this fund is to promote and improve retention and recruitment of healthcare providers in northwest Ohio and southeast Michigan by providing financial assistance to physicians of demonstrated ability who desire to further their education and training at The University of Toledo College of Medicine.
ProMedica will create this fund with an initial $500,000 gift, with a goal by the two organizations to raise an additional $4.5 million.
Two scholarships will be awarded each year, increasing to eight scholarships over time.
In addition to finding innovative ways to support future physicians, both organizations are working to find ways for this relationship to further benefit their employees.
For example, health insurance coverage through Paramount is being extended. Effective January 1, 2012, ProMedica employees through Paramount will be able to access UTMC at a comparable level of benefits as ProMedica facilities. In addition, as of January 1, 2012, UT employees will be able to go to ProMedica Bay Park Hospital – which will mean that UT employees can now access all ProMedica facilities.
"This relationship, though very positive for each organization individually and collectively, is truly all about putting the needs of the community first," says Randy Oostra, President and Chief Executive Officer of ProMedica. "The Better Together Scholarship Fund represents a very real investment in this community by both organizations to recruit and retain the best and brightest individuals who are preparing for a career in health care."
The Academic Health Center has made significant progress in its first year.
"ProMedica and the University of Toledo have been focused on creating and enhancing relationships within education and research that will strengthen both organizations," says Jeffrey Gold, M.D., Chancellor and Executive Vice President for Biosciences and Health Affairs Dean of College of Medicine & Life Sciences, The University of Toledo. "These efforts are leading the development of a richer, more vibrant and robust health care community that will result in increased clinical excellence throughout the region."
A few major highlights from the first year of the Academic Health Center include:
ProMedica, a mission-based organization that is ranked the No. 2 most integrated health system in the U.S., was formed in 1986 and is a Toledo, Ohio-based, not-for-profit healthcare organization with nearly 14,000 employees; 3,000 physicians and more than 306 facilities in Ohio and Michigan. ProMedica serves more than 2.73 million patients annually and includes 11 hospitals; ProMedica Continuum Services with senior, hospice, rehabilitation, and integrative services; ProMedica Physicians, a network of more than 315 primary care and specialty physicians; and Paramount Health Care, one of the largest HMOs in northwest Ohio. For more information, please visit www.promedica.org.
The University of Toledo, established in 1872, is a diverse, student-centered public metropolitan research university. The University is home to more than 23,000 students across 14 colleges and three primary campuses. The University offers more than 230 undergraduate, graduate and professional programs and is the center of 15 Division 1-A Rocket athletic teams as well as the University of Toledo Medical Center, physicians practices and clinical centers of excellence. For more information visit www.utoledo.edu.
The Academic Health Center is a relationship between The University of Toledo and ProMedica that seeks to coordinate and – as appropriate – integrate and expand their educational and research activity, envisions that it will increasingly become one of the nation’s most distinguished academic health science centers.