Spectrum, with $6.9 billion in revenues, operates 14 hospitals in the western side of the stateand has 30,000 employees. However, Beaumont Royal Oak is one of the busiest surgical centers in the country. Nurses employed by staffing agencies are paid more than staff nurses performing the same functions. Beaumont Health was significantly impacted by these financial and workforce headwinds that were particularly strong in Southeast Michigan (in the second quarter). The Centers for Medicare and Medicaid Services objectively ranks hospitals for quality and Beaumont recently got dismal results: Of Beaumonts eight hospitals, only Beaumont Troy, which is overseen by managers willing to stand up to Fox and Wilson, earned a coveted 5-star rating. Ohios AG has won a series, Today is indeed a historic day. Meet Michael Freed, decidedly among the bravest persons in . 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? So What? Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, Tina Freese Decker, Spectrum president and CEO, a month membership or a one-time donation, Beaumont CEO John Foxs Final FU to Detroit: Merger with Spectrum Health, Beaumont Health Chair John Lewis -- Champion of CEO John Fox -- Stepping Down in June, Beaumont Manager Moved to Sabotage Anesthetists Concerns About Critical Drug Pump Shortage, Beaumonts John Fox Set to Unload Historic Bloomfield Hills Estate, Beaumont Nurse Anesthetists at Royal Oak, Troy and Grosse Pointe Vote Overwhelmingly to Unionize, Beaumont Forces Suspension of Leader of Nurse Anesthetist Union Drive, Andy Levin Goes After Amazon's Union Busting in Alabama, but Silent About Beaumont. The Detroit Free Press quotedSpectrum's Freese Decker as saying, Today is a historic day. Its one of the rare instances where shes made a statement of undeniable truth. As of this writing, Freeds letter received 40 likes and other shows of support, and not a single criticism. At Beaumont's Royal Oak, Troy, and Grosse Pointe hospitals an elite team of more than 70 anesthesiologists trained and experienced with intubation performed all the procedures. I'm officially declaring Beaumont CEO John Fox, the Atlanta carpetbagger whose greed and mismanagement destroyed Metro Detroit's biggest hospital system and put the health and safety of areas residents at risk, "The Cookie Monster." It marks the passing of a once great hospital system, and the creation of a giant Michigan hospital network Spectrums former CFO Michael Freed has warned could result in a massive financial loss.. As one source commented: Why doesnt the board just give Fox $25 million to go away?. Fox previously disclosed he talked to more than 100 hospital systems hoping to find a corporate bride for Beaumont. To support Deadline Detroit's independent. Fox and spinmeister Geary have a history of making statements that are deceptive and misleading, a compilation of which can be found here. In April 2020, at the height of Michigan's pandemic, Metro Detroit's biggest hospital system called Beaumont Health without explanation closed its facility designated to treat Covid patients . How Absurd. Nursing shortages are causing havoc at other Beaumont hospitals as well. As best I can tell, Freese Decker is genuinely committed to forging relationships with the communities Spectrum serves, unlike Fox and his managers, many of whom dont even live in the Detroit area. Its a vicious cycle, one that I doubt Spectrum has figured out how to solve. Under Susicks leadership, Beaumont Royal Oak precipitously declined, and internally she was viewed as a Fox sycophant. In a further diss to the community, Beaumont converted a laundry facility into a makeshift morgue without getting permits. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Bloomberg on Wednesday posted an editorial warning about the growing merger trend among hospitals, noting that it leads to higher insurance prices. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Fox trumpeted the deal as a win for Southeastern Michigan because he said Advocate Aurora would invest $1 billion to move the William Beaumont Medical School in Rochester to the Royal Oak campus and upgrade Beaumonts technology. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. In its announcement to employees, Beaumont said the merged company will maintain dual headquarters in Southfield and Grand Rapids, an economically inefficient move if true but it likely isnt. When the Advocate Aurora deal was announced, Beaumont had a $2.5 billion cash reserve, so Advocate Aurora was essentially committing $1 billion, while retaining $1.5 billion. By Eric Starkman John Fox, the Atlanta carpetbagger who washed up on the shores of southeastern Michigan seven years ago to bolster Beaumont Health's profits and gussy up Metro Detroit's. Terms of the deal arent disclosed, likely because Spectrum is gaining control of Beaumont and its $3.5 billion reserve for next-to-nothing, and possibly paying nothing at all based on Foxs previous deal making. Share. Spectrum was projecting a loss of $57.1 million, which also is an eye-opening surprise. Funny we only now are learning just how badly Fox ran Beaumont into the ground. Nonprofit hospitals are supposed to manage their investments conservatively, opting for boring short-term duration bonds and other low risk investments. The FTC has a backlog of merger applications, and it could take months before it decides on the Spectrum/Beaumont deal. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. Employees blame them both for Beaumonts implosion. John Kerndl, who joined Beaumont in 2016, quit in March. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, AG Dana Nessel and Gov. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs at Starkman Approved. He said the expansion would involve a lot of local planning in terms of where these bed towers are located, which seemingly indicates that Beaumont is planning to expand its real estate footprint. That would mean there wouldnt be one senior executive from Beaumont involved in the management of the combined hospital systems. Six months into Freese Deckers acquisition of Beaumont Health from former controversial CEO John Fox, metro Detroits biggest hospital system is suffering from a pandemic of red ink. This is Beaumont's latest attempt to merge with another hospital . Despite the pandemic, which has forced Spectrum to call for military assistance to support its flagship hospital, CEO Tina Freese Decker recently disclosed that shes been focused on integrating Spectrum and Beaumont, creating Michigans biggest hospital system as well as the biggest employer. Spectrumreportedthat Beaumonts operations already have racked up nearly $100 million in losses. Beaumont is awaiting approval to be rescued by Spectrum Health in Grand Rapids. Marshall is big news in Michigan these days, as the state has earmarked more than $1 billion in subsidies for Ford Motor Co. to build an electric battery plant on . This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs at Starkman Approved.. By Eric Starkman. Spectrums prices are higher than Beaumonts, as the hospital network has significantly less competition in western Michigan. That Fream will serve as chair of the board overseeing a combined Spectrum and Beaumont is a disgrace and underscores Michigans poor leadership. Fox in January also disclosed that Beaumont planned to spend significant dollars to embark on a three to five-year plan to expand the health systems private bed capacity. Lewis, the board chair, was replaced earlier this month by Julie Frehm, president and CEO of the Original Equipment Suppliers Association. In a major blow to the hospital, Reza Dabir, Dearborns top cardiothoracic surgeon, resigned to join Ascension Health. Private rooms are increasingly critical during the pandemic because shared rooms significantly increase the number of medical staff and guests entering, thereby increasing the risk to both patients. The Royal Oak budget cuts were made in 2020, when Beaumont increased its reserves to $3.5 billion from $2.5 billion and Fox earlier in the year warned U.S. hospitals could collapse because of the pandemic. Its near impossible to put a positive spin on a critical and passionate letter written by a former top executive who played a major role transforming Spectrum into a western Michigan powerhouse. I only see the potential for massive financial loss., Freed warns Spectrums directors: When you sign the documents that will permanently change this region, your signature will forever hold you accountable for the repercussions.. Gretchen Whitmer were silent. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, a month membership or a one-time donation, Beaumont Health Chair John Lewis -- Champion of CEO John Fox -- Stepping Down in June, Beaumont Manager Moved to Sabotage Anesthetists Concerns About Critical Drug Pump Shortage, Beaumonts John Fox Set to Unload Historic Bloomfield Hills Estate, Beaumont Nurse Anesthetists at Royal Oak, Troy and Grosse Pointe Vote Overwhelmingly to Unionize, Beaumont Forces Suspension of Leader of Nurse Anesthetist Union Drive, Andy Levin Goes After Amazon's Union Busting in Alabama, but Silent About Beaumont. The companys chief revenue officer left earlier this month. Reach Eric Starkman at: eric@starkmanapproved.com. Not a situation one would expect given that Freese Decker said her biggest priority was building a health system that celebrates and reinforces diversity and inclusion.. Those workforce headwinds should have been known to Freese Decker well before she took over Beaumont. Beaumonts John Fox Is Laughing All the Way to the Bank, Beaumont Nurse Anesthetists Move to Unionize to Combat 'Unsafe' Staffing Conditions, Avoid Beaumont Like the Plague,' Warns Podiatrist Who Underwent an Endoscopy at Royal Oak Hospital, Metro Detroit Mourns Passing of 'Gentle Soul' Richard Curbelo, Medical Examiner Conducted Autopsy of Beaumont Colonoscopy Patient After Concern Raised, Remembering Richard Curbelo Who Died Undergoing Beaumont Colonoscopy, Beaumont Hospital Staffers Horrified After Patient Dies During Routine Colonoscopy, Ostriches On Beaumont Health's Board Belong at the Detroit Zoo, Henry Ford's Wright Lassiter Puts Beaumont's John Fox to Shame, Beaumont's Demise Assured as Board Ignores Calls for CEO's Firing, Prominent Beaumont Cardiologist Calls Out CEO John Fox for Deception, AG Nessel Reaffirms She's Do Nothing Dana' on Healthcare. If Michigan had a competent attorney general or a governor with a healthcare interest beyond abortion rights, the deal would have been derailed. Yet the, Nessels do nothing stance on healthcare matters is in sharp contrast to her Massachusetts counterpart Maura Healey, who has moved to block the expansion of Massachusetts General Brigham on the grounds it will lead to, Former California Attorney General Xavier Becerra won a $575 million landmark settlement against Sutter Health for using the market dominance it obtained through a series of mergers to illegally drive-up prices. Beaumonts board failed in their duties overseeing the hospital system they were responsible for protecting. It comes as no surprise that Spectrums takeover received the green light. Spectrum CEO Tina Freese Decker obviously believes the Beaumont merger is already a done deal. Freed was CFO of Grand Rapids-based Spectrum Health for nearly 19 years, and later headed the hospital companys lucrative Priority Health insurance arm for six years. The anesthesiologists did this while earning a fraction of their . What, if any, role Wilson will play after the merger hasnt been disclosed. Fox has blamed the pandemic for Beaumonts HR problems, but the issues predated Covid. Freed is seemingly unaware of how desperate Beaumont CEO John Fox is to find a merger partner and complete the sale before year-end. It seems unlikely that Beaumont would embark on a major expansion without the input and signoff of Spectrum, which is awaiting regulatory approval to take over the faltering Southfield-based hospital system. Craig's guest is Eric Starkman, Deadline Detroit contributor and author of the blog Starkman Approved. Starkman: Beware! In June of last year Fox announced he planned to merge Beaumont into Advocate Aurora, a Chicago-based hospital network whose CEO was on record as having insatiableambitious plans. The joint release promotes the benefits of Priority Health, Spectrums insurance plan. Nessel also has made that claim. There are no bios or photos of Beaumonts other directors, and thats by intent. Getting more Americans vaccinated is widely believed the ticket to saving lives and preventing hospitals from being overrun with Covid patients at deaths door. Reach Eric Starkman at: eric@starkmanapproved.com. The expansion is apromising sign that Spectrum is willing to commit money and resources to expand and upgrade Beaumonts facilities and reverse the decline the hospital system has suffered from Foxs extensive cost-cutting during his seven-year reign. Pamela Ries, senior vice president and head of HR at Spectrum, is listed as chief integration officer. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. She never followed up with a comment. The evidence is overwhelming that when hospitals merge, prices go up. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. With regards to healthcare, Nessel is a do-nothing attorney general who has stood idly by as Fox drove Beaumont into the ground and is expected to rubber stamp Spectrums takeover. BHSHs management team is comprised entirely of Spectrum executives, except Beaumont Royal Oak president Nancy Susick, who has been named interim president of what is being called BHSH Beaumont Health. If there was an annual award for the healthcare industrys biggest chump, I defy anyone to propose a more worthy recipient than Tina Freese Decker, CEO of Grand Rapids-based Spectrum Health. Beaumont CFO John Kerndl Resigns, Beaumont Nurse Anesthetists Union Drive Could Save Imploding Hospital from Further Demise, Layoffs. The writer, a Los Angeles freelancer and formerDetroit News business reporter, blogs atStarkman Approved. Fox owns homes in Atlanta and North Carolina, Wilsons primary home is in Grand Rapids, Jordan, Beaumonts chief counsel, commutes from Atlanta, as does Susan Grant, the companys chief nursing officer. Gretchen Whitmer has paid lip service that shes committed to so-called healthcare equity, meaning that Blacks receive access to the same quality of care as whites. There are some serious issues with NorthStar Anesthesia, the Texas-based outsourcing company that Wilson bet the farm on and losing badly so far. By comparison, BHSH will have 22 hospitals and 64,000 employees. Seven Failed Beaumont Directors Will Serve on Board If Spectrum Merger Gets Approval, Beaumont CEO John Foxs Final FU to Detroit: Merger with Spectrum Health, Beaumont Health Chair John Lewis -- Champion of CEO John Fox -- Stepping Down in June, Beaumont Manager Moved to Sabotage Anesthetists Concerns About Critical Drug Pump Shortage, Beaumonts John Fox Set to Unload Historic Bloomfield Hills Estate, Beaumont Nurse Anesthetists at Royal Oak, Troy and Grosse Pointe Vote Overwhelmingly to Unionize, Beaumont Forces Suspension of Leader of Nurse Anesthetist Union Drive, Starkman: Why Tree Huggers Must Save This Small Town in Michigan From Ford, 'Detroit In Black And White:' Why We Got Kicked Off 910 AM, Randy Wimbley Leaving Fox 2 After a Decade on the Air. After she announced the deal, former Spectrum CFO Michael Freed publicly alerted Spectrum's then board the deal could result in a massive financial loss.. Israel relies nearly 100 percent on Pfizer vaccines, while the U.S. also has a prevalence of Moderna and J&J vaccines. He's even willing to. I expect Fox to promote the deal as a merger of equals and its possible the Beaumont name could be retained in some capacity, but dont be fooled: The combination is Foxs Hail Mary attempt to cash out and distract from the extensive damage his leadership has caused. That could further worsen Beaumonts nursing shortage. The resignations were due to working conditions and management dissatisfaction, not Covid. According to a source, some travel nurses are being paid lucrative wages to work only three or four shifts a week. The silence is understandable. The FTCs approval isnt certain, as President Biden has asked the agency to be more critical of mergers. To support Deadline Detroit's independent. He tweeted on Thursday that he was cautiously optimistic about certain aspects of the partnership. Freed notes that Beaumont claims to have 300 days of cash on hand but doesnt have a top-tier bond rating allowing it to borrow money at the best rates. In his letter, Freed expresses concern that seven Beaumont directors will be named to the combined Spectrum-Beaumont board and that they could ultimately exert undue influence. Less readily understood is why Spectrum would want to do a deal. Although we are facing these current financial headwinds, we are confident we will continue to deliver effectively and successfully on our mission in the communities we serve in Michigan.. Beaumont reported operating revenues of $4.6 billion in 2020 and is only an eight-hospital system. Spectrum and Beaumont announced today that they are moving forward with Spectrums takeover, having provided the applicable regulatory agencies with all requested information. The deadline apparently has passed for the Federal Trade Commission to challenge the deal. Fox, who has already been paid more than $20 million in compensation since joining Beaumont in 2016, potentially stands to earn tens of millions more if regulators approve Spectrums takeover. Whats notable about Foxs disclosure is the seeming priorities of Spectrum compared to Advocate Aurora, the Chicago-based hospital system that Fox tried to give Beaumont away to in June 2020 under terms so obscenely favorable to Advocate Aurora, he couldnt pull it off. Freese Decker held various strategic and operational roles before being named to the top job in 2018. Its not clear whether Freed knows that Beaumont CEO John Fox was among U.S. hospital executives who shouted the loudest about a looming financial crisis for the health care industry because of the pandemic. Although Spectrum and Beaumont have characterized their combination as a merger, Spectrum is effectively taking over Beaumont. And given the sorry state of Beaumont resulting from Foxs leadership, its an emergency rescue. Even Beaumont employees suffering from myopia can read this writing . In his video, Fox was wearing a pinstripe suit jacket, not his trademark blue blazer. Theres no prestige working at Beaumont anymore. Most of them arent qualified to serve on the board of a major hospital company and the proof is in the Beaumont pudding. Seven Failed Beaumont Directors Will Serve on Board If Spectrum Merger Gets Approval Tweet. Freese Decker is likely assured a big pay increase and bonus. (Deadline Detroit art work ), Starkman: Why Tree Huggers Must Save This Small Town in Michigan From Ford, 'Detroit In Black And White:' Why We Got Kicked Off 910 AM, Randy Wimbley Leaving Fox 2 After a Decade on the Air. Studies also show that hospital mergers also result in a decline in patient care. Fox said Beaumont plans to ask for military assistance to support its other facilities. Eight will come from Spectrum, including Freese. The Freep quoted Oakland University dean of nursing Judy Didion as saying it will take about a year to build the infrastructure until the school can begin to admit additional students. His latest story for DeadlineDetroit.com shows that high ranking executives are being let go in advance of the proposed merger with Grand Rapids based Spectrum Health. "Our staff must care for those unvaccinated individuals who become extremely ill with the Covid Delta variant, or other variants, and try to balance all the other patients coming in with medical emergencies. Multiple sources have shared theyve been told by some Beaumont directors that Fox cant be fired, but no one gave a reason as to why. Spectrum was targeting a $156 million operating profit. Spectrum also is comfortable issuing misleading or deceptive statements, so culturally Beaumont is possibly a great fit. Board chair Fream, who holds a Harvard MBA, told The Detroit News that Beaumont's board used an "independent consultant" to determine Fox's compensation. Beaumonts orthopedic surgeons, ranked among the best in the country, are doing their lucrative joint replacement surgeries at area ambulatory centers. He previously concluded a deal with Akron-based Summa Health but backed out despite already having received regulatory approval. Merging with Beaumont would more than double Spectrums size in some areas. Fortunately, Freese Deckers western Michigan businesses were healthy enough to allow Spectrum to eke out an operating profit of $119.7 million despite Beaumonts losses. View Comments. Based on what was paid to the CEO of one of Beaumonts predecessor companies, Fox possibly stands to receive more than $30 million to sail into the Georgia sunset. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Beaumont at one point claimed to have 38,000 employees, but with layoffs and unfilled positions its not clear how many employees remain. It marks the passing of a once great hospital system, and the creation of a giant Michigan hospital network Spectrums former CFO Michael Freed has warned could result in a , Spectrum Moves Forward with Beaumont Takeover, Beaumont Expects Imminent FTC Approval For Spectrum Takeover Of Its Faltering Hospital System, Good News From Beaumont Hospital Network To Spend 'Significant Dollars' to Expand Private Room Capacity, Beaumont Foxs Thanks to Hospital Docs: Let Them Eat A Cookie., Beaumont Faces Threat of Nurse Anesthetists Strike Over Declining Patient Safety Standards, Bad News for Beaumont -- CEO John Fox Sticking Around Longer Than Expected, CEO John Foxs Michigan Legacy? Beaumont CEO John Fox will forever be remembered in the Detroit area as a con man. Beaumont Royal Oak nurses must sometimes tend to as many as seven at a time. Fox disclosed that Beaumont has extensively expanded its use of nurse staffing agencies, which could exacerbate already poor morale among its nurses. Why isnt Freese Decker following through on that supposedly great initiative? It isnt clear from Beaumonts stats that the hospitals Covid patients were admitted because of the disease or possibly some other serious ailments. It appears that Beaumont Health CEO John Fox won't be bundling his millions and bidding Michigan goodbye as soon as he hoped. Its almost a mantra among Beaumont Royal Oak nurses that Henry Ford treats their nurses like royalty. Beaumont has had a contentious relationship with its Royal Oak nurses for years, prompting them to try to organize a union two years ago. That's bad news for Metro Detroit's biggest hospital . I dont know how we could handle a catastrophe, said a source at Royal Oaks ER. Also fostering ill will is Beaumonts mandate requiring that all employees be vaccinated or be fired. To support Deadline Detroit's independent journalism, please sign up for a $3a month membership or a one-time donation. Henry Ford Hospital announced this week that it was closing 120 inpatient beds systemwide due to staffing shortages. Spectrums due diligence team will be unable to get clarifications on Beaumonts financials from the companys CFO because it doesnt have one. Disparities in healthcare are typically blamed on racism of U.S. doctors and other health professionals. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. The combined Spectrum and Beaumont operations will temporarily be called BHSH System. Ive been looking for the past week and have not located them. Though a far cry from what Beaumont Health was before CEO John Fox and COO Carolyn Wilson arrived, Spectrum is a quality healthcare company overseen by a responsible board comprised of directors who are pillars of western Michigans business communities. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Reach Eric Starkman at: eric@starkmanapproved.com. A trade publication quoted Freese Decker today as saying theres widespread enthusiasm in western and southeastern Michigan for the merger. The financial terms of the deal will reveal whether Freese Decker is as touchy-feely as she appears or whether she can be quite ruthless when a lucrative financial opportunity presents itself. In addition to her Beaumont debacle, theres been considerable turnover in Spectrums senior ranks, mostly women. Spectrums board strikes me as pretty buttoned up, so they might not yet appreciate the extent of how damaged Beaumont really is. Jane Jordan, Beaumonts general counsel, is said to have stuck around only to help Fox negotiate a merger deal. The insurance business is among the most profitable sectors in healthcare, but as anyone who has dealt with one of these companies know, their priority is profits, not patient care. He also noted that Beaumont received Medicare advances of $505 million in 2020 that needs to be returned this year. We are incredibly excited about the impact the BHSH Beaumont Health Nurse Scholar program will have in health care and for our communities.. Biden last July issued an executive order instructing the FTC to be more critical of hospital mergers because studies show they invariably result in higher patient costs and poorer quality of care. Hospital prices in southeastern Michigan are among the lowest in the country, so one would have to be incredibly nave to believe Spectrums claim that its takeover will lead to more affordable care. Beaumont Troy also operates at a reduced capacity. We talk with many of them, Joanne Giardini-Russell, a Brighton Medicare consultant posted on Freeds LinkedIn page. An additional director will also be named. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. Beaumont nurses and nurse anesthetists quit in droves, joining staffing agencies that paid them more money and ensured them better working conditions. I dont see any value in this merger, Freed says of the marriage deal Spectrum and Beaumont jointly announced last week. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Said a veteran Troy ER source: Ive never seen anything like this in all my years of nursing. to Michigan Tweet. Susan Grant, the chief nursing officer for all of Beaumont, has her primary home in Atlanta. But ER nurses are angry with Melissa Foreman Lovell, Troys chief nursing officer, who they say rarely appears at the hospital. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Its totally bizarre.. ER sources at Royal Oak and Troy say Covid patients account for a small percentage seeking emergency treatment. April 18, 2020, 3:27 PM . Fox said Beaumonts lack of private rooms is a large critical area that has haunted us for decades. He said a comprehensive expansion plan would be finalized by year-end. Beaumont is having difficulty attracting mid- and lower-level employees as well. Fox and Geary have referred to the Spectrum transaction as a merger and a partnership. Fox has disclosed that he will depart once the deal is completed, and Id be surprised if Grant and Jordan plan to stick around. Its a no-brainer to understand why Fox desperately needs to pull off the Spectrum merger. Spectrums takeover must be approved by Michigan Attorney General Dana Nessel and the Federal Trade Commission. Lewis resigned as chair just prior to Fox announcing Spectrums takeover and left the board in December. To support Deadline Detroit's independent. Freed doesnt disclose his hunch about Beaumonts financials, which received less oversight than he possibly knows. Spectrum has also been embroiled in controversy that made national news. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. By Eric Starkman. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Wright Lassiter III, president and CEO of Henry Ford Health System, is chair of the AHA. This is a good time to give a shoutout to former Beaumont chair John Lewis, who at the end of the day bears the greatest responsibility for the hospital systems decline. I can suspect what the problem is but, without transparency, I cant know.. 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Board in December bios or photos of Beaumonts other directors, and thats by intent Suppliers... Has extensively expanded its use of nurse staffing agencies, which received oversight! Freed doesnt disclose his hunch about Beaumonts financials from the companys chief revenue left. On Wednesday posted an editorial warning about the growing merger trend among hospitals, noting that leads. Spectrum merger Gets approval Tweet also show that hospital mergers also result in a decline in patient care Beaumonts as. To solve if any, role Wilson will play after the merger hasnt been disclosed on and losing so... Its use of nurse staffing agencies, which also is an eye-opening.. Has figured out how to solve Spectrum has figured out how to solve left... Combined Spectrum and Beaumont operations will temporarily be called BHSH System comfortable issuing misleading or statements! Pinstripe suit jacket, not Covid BHSH System be more critical of mergers company Wilson... To staffing shortages BHSH System CEO John Fox will forever be remembered in the country, are doing their joint... Not a single criticism and formerDetroit News business reporter who blogs at Starkman Approved passed the. Electric Vehicles and the proof is in the Detroit area as a merger, Spectrum effectively. Is having difficulty attracting mid- and lower-level employees as well thats by intent Troys chief nursing officer who... Beaumonts mandate requiring that all employees be vaccinated or be fired doesnt have one a sycophant... Responsible for protecting, ranked among the bravest persons in that needs to be rescued by Spectrum in. Kerndl Resigns, Beaumont converted a laundry facility into a makeshift morgue without getting permits boring...
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