During budget presentations Monday, UT officials said UTMC surpassed surpassed financial experts’ revenue expectations for the last half of 2020.
Officials predicted the former Medical College of Ohio Hospital would see reduced patient volumes, lost pharmacy retail, and more UTMC physicians and residents transferred to ProMedica hospitals as part of an affiliation agreement between the university and the nonprofit, private health-care system. Instead, patient volumes in recent months have been consistent or surpassed 2019’s numbers, pharmacy retail has increased, and transfers from UTMC have been put on hold — to the benefit of UTMC’s patient volumes and bottom line.
But perhaps most unforeseen was UTMC’s recent partnership with the Toledo Clinic, which is expected to help bring in much needed income in the coming years.
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Imagine South Toledo without its hospital