Mon. Nov 28th, 2022

BHSH was intended to be a temporary name for the system, which officially merged this February.
It has a major presence in the state of Michigan, with 22 hospitals, a sizable outpatient business, a health plan covering 1 million people and combined revenue of $13 billion.
Following the merger, Beaumont’s president John Fox announced plans to leave the organization, and that his replacement would serve as president of the newly combined system.
The system announced in June that it appointed Benjamin Schwartz, a former Northwell Health executive, as its new president.
 In the first half of this year, the system’s operating income, including state and federal funding, was about $120 million, as is fell short of its $156 million projection, according to financial documents.
The legacy Beaumont Health division posted an operating loss of $96 million through June 30 and the Spectrum Health division posted operating income of about $140 million, exceeding earlier projections.
In September the system also announced it planned to cut 400 jobs in management roles amid financial pressures. The cuts represent less than 1% of the health system’s workforce, which employs 64,000 people.
“Our health system, like others around the nation, is facing significant financial pressures from historic inflation, rising pharmaceutical and labor costs, COVID 19, expiration of CARES Act funding and reimbursement not proportional with expenses,” the system said. 
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The pandemic has prompted nurses and residents in the state to rethink working conditions and what they will endure. Some have walked off the job, demanding better contracts, and some residents organized for the first time.
The effect of Friday's opinion will be felt by providers, medical groups and hospitals across the country, including primary care doctors and emergency physicians, experts say.
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Get the free daily newsletter read by industry experts
Topics covered: M&A, health IT, care delivery, healthcare policy & regulation, health insurance, operations and more.
The pandemic has prompted nurses and residents in the state to rethink working conditions and what they will endure. Some have walked off the job, demanding better contracts, and some residents organized for the first time.
The effect of Friday's opinion will be felt by providers, medical groups and hospitals across the country, including primary care doctors and emergency physicians, experts say.
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