Overview
What is Promedica Indemnity Corporation?
Promedica Indemnity Corporation is a Burlington, Vermont-based nonprofit organization. Its primary mission is to offer medical professional and general liability insurance coverage exclusively for the ProMedica Health System, Inc., and its subsidiaries. By providing this essential coverage, Promedica Indemnity Corporation protects the healthcare professionals and institutions under the ProMedica umbrella, ensuring they can deliver quality care without undue concern for potential legal claims.
Official website here: www.promedica.org
Is Promedica Indemnity Corporation legitimate?
Promedica Indemnity Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promedica Indemnity Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Promedica Indemnity Corporation?
Promedica Indemnity Corporation specializes in providing medical professional and general liability insurance coverage to Promedica Health System, Inc. and its subsidiaries. The corporation's mission is dedicated to safeguarding the interests of these organizations by offering comprehensive insurance coverage. By doing so, Promedica Indemnity Corporation ensures that the healthcare providers under its wing can focus on delivering quality patient care without the added worry of potential legal disputes. The corporation's commitment to its clients is unwavering, providing them with the necessary coverage to mitigate risks and foster a secure environment for their operations.
Official website here: www.promedica.org
Who is the CEO of Promedica Indemnity Corporation?
Terrence Metzger is the Trustee of Promedica Indemnity Corporation. The CEO's salary of Promedica Indemnity Corporation is $0 and their total compensation is $1,618,580.
Official website here: www.promedica.org
What is the revenue of Promedica Indemnity Corporation?
Promedica Indemnity Corporation's revenue in 2022 was $17,723,166.
Official website here: www.promedica.org
Who are the executives of Promedica Indemnity Corporation and what are their salaries?
- Randall Oostra (Phs Pres. & Ceo - Part Year) [Trustee/Director]
- Steven M Cavanaugh (Treasurer, Cfo - Part Year)
- Arturo Polizzi (President And Ceo)
- Jeffrey C Kuhn (Secretary, Chief Legal Officer - Part Year) [Trustee/Director]
- Stephen M Sadowski (Ex-Chief Legal Officer) [Trustee/Director]
- Scott Fought (Treasurer)
- Robert W Laclair (Trustee)
- Daniel W Farrell Jr (Trustee)
- Elaine Canning (Trustee)
- Larry C Peterson (Chairman) [Trustee/Director]
- Robert M Gagliardi (Trustee)
- Thomas J Winston (Ex-Officio) [Trustee/Director]
- Stephanie Mapes (Assistant Secretay)
- Louis Robichaux (Treasurer)
Official website here: www.promedica.org
Where can I find the form 990 for Promedica Indemnity Corporation?
The Promedica Indemnity Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.promedica.org
Learn more at the official website: www.promedica.org
Mission Statement of Promedica Indemnity Corporation
Promedica Indemnity Corporation, a key entity within the healthcare sector, is dedicated to providing medical professional and general liability insurance coverage exclusively for Promedica Health System, Inc. and its subsidiaries. In essence, this corporation serves as a protective shield, safeguarding the medical professionals and organizations under the Promedica umbrella from potential legal claims.
The mission of Promedica Indemnity Corporation is twofold. Firstly, it ensures that the healthcare personnel working under Promedica Health System, Inc. are shielded from financial burdens resulting from lawsuits and claims. Consequently, the doctors, nurses, and other medical staff can focus solely on delivering high-quality care to their patients without the added stress of potential legal issues.
Secondly, Promedica Indemnity Corporation provides a layer of security to the subsidiaries of Promedica Health System, Inc. By managing and assuming liability risks, the corporation enables these entities to operate with more confidence and less worry, allowing them to focus on their core functions and providing essential healthcare services to their communities. In this way, Promedica Indemnity Corporation plays a vital role in supporting the overall mission of Promedica Health System, Inc. to provide exceptional healthcare services.
Impact
This information is meant to be a general summary of Promedica Indemnity Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Promedica Indemnity Corporation's impact lies in providing essential medical professional and general liability insurance coverage exclusively for Promedica Health System, Inc. and its subsidiaries. By offering this specialized insurance service, Promedica Indemnity Corporation plays a crucial role in ensuring that healthcare providers within the Promedica network have the necessary protection and support to carry out their work effectively. This allows healthcare professionals to focus on delivering quality care to their patients without the added stress of potential financial liabilities. Ultimately, Promedica Indemnity Corporation's contribution helps to safeguard the operations and sustainability of Promedica Health System, Inc. and its affiliated entities, thereby supporting the overall delivery of healthcare services in the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BASIC PREMIUM REVENUE
Revenue
$16,342,390
Organization Details
Founding Year
2001
Phone
(419) 252-5772
Principal Officer
Terrence Metzger
Main Address
ONE CHURCH STREET 5TH FLOOR, BURLINGTON, VT, 05401
Website
www.promedica.org
NTEE Category
Code: E99 - Health
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