log in to manage your profile and account
- Create your account
- Receive up-to-date newsletters
- Set up text alerts
Published: Saturday, October 07, 2017 @ 11:55 AM
Unless a deal is reached soon between UnitedHealthcare and Premier Health, thousands of people with Medicare plans through the insurer will soon have to decide whether they want to switch insurance companies or health care providers next year.
WHEN DID THE CONTRACT EXPIRE BETWEEN UNITEDHEALTHCARE AND PREMIER?
The contract expired expired May 13 after negotiations fell apart, but Medicare Advantage recipients were exempted and have remained in network under a deal that extends until the end of this year. Medicare open enrollment period starts Oct. 15. and runs until Dec. 7.
» BUSINESS NEWS: Walmart pushes for policy action for more U.S. manufacturing growth
WHO IS IMPACTED?
With the two parties saying their negotiations remain far apart, the 4,000 Medicare Advantage members with UnitedHealthcare that use Premier Health are faced with choosing a new doctor or a new insurance company.
WHY DID THE DISPUTE HAPPEN?
The dispute centers around the giant insurer’s plan to rank hospitals and doctors in tiers based on cost and quality, with the goal of incentivizing lower health care costs. Premier opposes the ranking system, which it says is already steering patients away from its hospitals and providers.
“We’re not even talking at this point,” said Tom Duncan, Premier Health chief financial officer.
HOW DOES IT IMPACT WHERE PATIENTS GO?
Patients with health benefit plans that are part of the UnitedHealthcare tiering system have lower co-payments if they choose doctors from a group ranked “tier 1,” which includes physicians the insurer considers cost-efficient.
» JOB ALERT: Amazon to build another fulfillment center in Ohio
Premier officials say the ranking system doesn’t take into account expenses the hospital system has for offering specialized care such as its Level 1 trauma center, high risk maternity care, and burn care. The cost data used by UnitedHealthcare to determine its tiers is skewed by these higher-end services, according to Premier.
None of Premier’s hospitals are in UnitedHealthcare’s tier 1, although some of its doctors are.
Published: Saturday, February 17, 2018 @ 3:23 PM
— Winn-Dixie owner Bi-Lo is preparing for bankruptcy, according to a Bloomberg report.
Up to 200 stores could close as part of a bankruptcy filing, Bloomberg reported. According to Winn-Dixie's website, the retailer has locations in Florida, Georgia, Alabama, Louisiana and Mississippi.
The bankruptcy filing could come as early as next month, Bloomberg reported.
Bi-Lo has not publicly confirmed any bankruptcy plans.
Published: Sunday, February 18, 2018 @ 10:29 AM
— Greg Barney’s journey to owner of Unibilt Industries Inc. has included everything from accounting to framing homes.
After working as Vandalia’s Unibilt as vice president of business development for several years, took the helm Jan. 1, buying a company that has built more than 12,000 modular homes since the late 1960s.
Barney bought the company from Sharon and Doug Scholz, who decided to retire.
Scholz’ father Carl started Unibilt in 1969. Barney’s father, Jack, worked with Carl Scholz in the 1950s at Vandalia Sales; the elder Barney started Vandalia Rental in 1961, and that company is now a busy equipment rental business run by Barney’s nephew, Kurt Barney.
3 QUICK READS YOU MAY HAVE MISSED
• Attorneys for DP&L: Utility needs $55M for ‘reasonable rate of return’
• St. Mary’s trailer dealer opens Harrison Twp. site
Unibilt builds modular homes inside an manufacturing complex on Johnson Station Road in Vandalia where weather doesn’t affect storage or construction.
By the time modular homes are placed on their foundations, the structures are 85 percent complete.
“These are built exactly like you build a home out on the job site,” Barney said. “They’re just built in pieces and (shipped) right out to the job site.”
The University of Dayton graduate worked for accounting firm Ernst and Young for eight years before getting into developing and residential “stick-framing.” (“Stick-framing” or “stick-building” are terms Barney uses for building a home on site once lumber and parts have been delivered. The entire house is raised on site.)
Then the Great Recession turned his head around.
“I got through the downturn and kind of re-evaluated everything,” Barney said. “The downturn kind of decimated the industry. A lot of people retired and moved on.”
Young people were avoiding construction trades. Demand for new homes didn’t appear to be there. Even today, in a period of renewed demand, it’s difficult to find qualified trades people, Barney said.
Still, the pull of home-building — modular home-building — was there for Barney.
“I view this as something that will become a little more prominent in the industry,” he said. “Right now, you see a lot of people looking at different ways, better ways, to build houses.”
Home-building really hasn’t changed in decades, he said. The lack of qualified trades people — carpenters, framers, plumbers, electricians and many others — are forcing a new look at how homes are built.
“It’s become extremely expensive and really only an affordable product (for the builders) for the higher-end homes,” he said.
Modular building is faster and efficient, Barney believes. All materials are nearby and weather delays aren’t a factor. Framers, plumbers, electricians, drywall finishers and others work at the same station of the build process where perform the same job every day.
TOP BUSINESS STORIES OF WEEK
Unibilt has 86 employees and is hiring. Barney sees a need for a dozen more employees before 2019.
Materials enter into one end of Unibilt’s 120,000-square-foot production site and at the other end are largely finished homes.
He doesn’t expect modular construction to overtake stick-framing. But he does believe growth is likely.
“I think the thing we fight is a stigma,” Barney said. “Everyone looks at us as a manufacturer of double-wides. And it’s just not like that.”
Unibilt offers a range of custom options, he said.
Published: Thursday, February 15, 2018 @ 2:51 PM
— Gibson guitar company, which has been a staple brand among various musical instruments since 1902, is facing bankruptcy.
According to the Nashville Post, Gibson’s chief financial officer, Bill Lawrence, left after six months on the job and just as $375 million in senior secured notes mature and another $145 million in bank loans become due if they aren’t refinanced by July. The departure of Lawrence was seen as abrupt and a statement about the desperate situation Gibson is in currently.
The company, which generates $1 billion a year in revenues, recently moved out of its Nashville warehouse, where it had operated since the mid 1980s.
The company owner since then, Henry Juskiewicz, is trying to re-order the company according to the Post but is facing a battle with creditors over bad business decisions. The company recently sold Baldwin piano, and is hoping to see a boost in cash from the various electronics companies it had purchased the last several years.
Gibson began in 1902 in Kalamazoo, Mich., producing various instruments, including acoustic guitars and the Les Paul, designed by noted guitarist Les Paul, which became one of the most iconic instruments ever made. The Gibson Les Paul began production in 1952, and became a staple of the rock and roll movement since. The company since developed other iconic guitars such as the SG, Firebird, the Flying V and he ES-335 among others.
Published: Monday, December 04, 2017 @ 7:54 AM
Updated: Friday, February 23, 2018 @ 4:03 PM
— Roosters is planning to open a restaurant in Miami Twp., with plans to replace another nearby location.
A limited liability company affiliated with the casual dining chain bought a restaurant property at 9400 Springboro Pike, which was formerly home to Caddy’s Tap House.
Officials with Roosters couldn’t be immediately reached for comment.
Tracey Herron, with Equity Inc., who represented Roosters in the real estate deal, said the location will replace its smaller leased store at 103 N. Springboro Pike near the Dayton Mall.
The 8,500-square-foot restaurant is near the Interstate 75 and 675 interchange.
Roosters Real Estate LLC bought the property for $1.7 million in a sale recorded Dec. 1 by Montgomery County.
Caddy’s shut down its restaurant and bar at the location in May due to poor performance, the restaurant owner said at the time.
A marketing flyer by Oberer Realty, which had been listing the property for sale, stated about 54,832 people live within three miles of the restaurant with an average household income of $79,657.