Spectrum also experienced considerable turnover of Black employees, some of whom considered filing a class action lawsuit . Grand Rapids business community is small and tight knit, and Spectrum is a major employer in western Michigan. (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. Business Starkman: Bloodbath at Beaumont - COO Carolyn Wilson and Top Doctor Ousted; Chief Quality Officer Resigns Tweet Share July 22, 2021, 12:45 PM This columnist, a Los Angeles freelancer,. That Fox, who along with Wilson has shown they have no commitment to southeastern Michigan, was allowed to negotiate Beaumonts fate underscores just what an irresponsible disgrace Beaumonts board is. Henry Ford Hospital announced this week that it was closing 120 inpatient beds systemwide due to staffing shortages. By Eric Starkman Beaumont Health CEO John Fox has no shame. If Michigan had a competent attorney general or a governor with a healthcare interest beyond abortion rights, the deal would have been derailed. Reach Eric Starkman at: eric@starkmanapproved.com. If theyre out there, theyre certainly not easy to find and, no, a few quotes about financials every quarter does not count as transparency, at least not in my book.. The companys chief revenue officer left earlier this month. The Detroit News. Its not unusual for a so-called charge or supervisory ICU nurse to have just one year of experience. The company announced this week that Aaron Gillingham, Beaumont Healths senior vice president and chief human resources officer and interim chief compliance officer, has resigned. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. The Chief People Officer position is listed as open, indicating that Ries isnt getting the top HR job at BHSH. The release, which Fream presumably signed off on, said her appointment was part of a normal governance leadership rotational process.. Beaumont Health was significantly impacted by these financial and workforce headwinds that were particularly strong in Southeast Michigan (in the second quarter). Whats notable about the joint announcement and Beaumonts internal communications is whats missing. To the distaste of the pediatric heads colleagues, Susick walked him out of the hospital in front of his staff. We talk with many of them, Joanne Giardini-Russell, a Brighton Medicare consultant posted on Freeds LinkedIn page. He tweeted on Thursday that he was cautiously optimistic about certain aspects of the partnership. February 02, 2022, 4:58 PM . He previously concluded a deal with Akron-based Summa Health but backed out despite already having received regulatory approval. Tina Freese Decker, president and CEO of Spectrum, is chair of the Michigan Health & Hospital Association. Its Beaumonts attempt to mislead southeastern Michigan residents that they arent losing a local institution. He didnt address staff as folks as hes repeatedly done in the past and he looked more relaxed and rested than in previous videos. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Most of Foxs senior management team has departed, and hes expected to leave once the takeover is completed and he receives the millions of dollars likely owed to him under his golden parachute agreement. Disgruntled Staff. Starkman: Beaumont CFO John Kerndl and Top CEO Aide Say No! 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. A traditional Bachelor of Science degree in nursing is typically four years. But unlike Beaumont, Henry Fords staffing issues arent due to mismanagement. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Typically, when deals of these sorts are announced, the CEO of the acquired company pays lip service to being committed to ensuring a smooth transition and promises to stick around and lend their full support. They are looking at diversity as a numbers game. Carey has spent more than 20 years as a . A lifelong Michigander with an impressive background, Barbee resigned in October to join Indiana University Health as head of HR. By Eric Starkman During the Covid pandemic, a hospital's safety practices are more. Newsweek Ranks 3 Beaumont Hospitals Among Best in U.S. One Down, Three to Go. Beaumont Dearborn also is receiving military assistance to help the hospital manage its Covid patient load. 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. 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. Those warnings are what led Congress to approve the financial largesse that Beaumont and other hospitals benefited from. 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.. And that has resulted in the emergency rooms of Beaumont Royal Oak and Troy becoming so overwhelmed they are unprepared to handle unexpected catastrophes required of them as regional trauma centers. Spectrum reported that Beaumont's operations already have racked up nearly $100 million in losses. John Fox, the Atlanta carpetbagger who washed up on the shores of southeastern Michigan seven years ago to bolster Beaumont Healths profits and gussy up Metro Detroits biggest hospital network so that he could sell it, appears hes pulled off what he set out to do. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Corewell Health has appointed Dr. Daniel Carey as the new president for its Beaumont Hospital campus in Royal Oak. The Beaumont Health System, comprised of Royal Oak, Troy, and Grosse Pointe hospitals, was far superior and the expectation was that the merger would elevate the quality of staff and patient care at the Oakwood and Botsford hospitals. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? That's bad news for Metro Detroit's biggest hospital system. Starkman: Beaumont's Woes Prove CEO Tina Freese Decker Unfit to Run Michigan's Biggest Hospital System Tweet Share August 19, 2022, 3:14 PM The writer, a Los Angeles freelancer and former. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, AG Dana Nessel and Gov. Consultants are part of the . Beaumont CEO Fox and COO Wilson Must Go Now! 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 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. Among the benefits of the deal Fox trumpeted was a $1 billion commitment to move the William Beaumont School of Medicine from Oakland University to Beaumonts flagship Royal Oak campus and a significant increase in technology spending. Freed has vowed he will hold Spectrums directors accountable for the repercussions to his Grand Rapids community. The silence is understandable. Freese Decker is likely assured a big pay increase and bonus. Hes even willing to exploit the publics fear of Covid to distract from his own mismanagement. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? 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. September 15, 2020, 9:36 PM . Spectrum appears to have grown organically, focused on a region it knows well. Fox has a change of control clause in his contract, meaning he will likely receive a lucrative exit package. Beaumont is awaiting approval to be rescued by Spectrum Health in Grand Rapids. Said a veteran Troy ER source: Ive never seen anything like this in all my years of nursing. This is Beaumont's latest attempt to merge with another hospital . About a half dozen of Freams former board cronies also serve on the Spectrum board, once entirely controlled by Grand Rapids and western Michigan-based residents. 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. 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. Spectrums financial statements indicate that cash and investments from the acquisition was $3.2 billion. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. And given the sorry state of Beaumont resulting from Foxs leadership, its an emergency rescue. In a company video posted on Vimeo Thursday, Beaumont CEO John Fox disclosed that Beaumont plans to spend significant dollars to embark on a three to five-year plan to expand the health systems private bed capacity. Said Kevin Cawley, a Michigan health care consultant: The only possible value I could identify (for the merger) was in national and international physician recruitment, and that frankly is a stretch.. As often happens when you meld two organizations, the weaker one brings the stronger one down. Spectrums due diligence team will be unable to get clarifications on Beaumonts financials from the companys CFO because it doesnt have one. Whats becoming increasingly obvious is how Freese Decker, like John Fox, is prone to making public statements that have no basis in fact. The quality of care has declined to such a degree that insiders readily admit they wouldnt entrust their families care to the hospital. Thats right, CFO Matthew Cox referred to Beaumont as an acquisition, not a merger as Freese Decker and Fox led the media to believe. Spectrums board includes Doug DeVos, co-chair of Amway, whose family is among the most powerful in Michigan. 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. The combined Spectrum and Beaumont operations will temporarily be called BHSH System. We are incredibly excited about the impact the BHSH Beaumont Health Nurse Scholar program will have in health care and for our communities.. Beaumonts leadership page only features a photo and bio of Julie Fream, who on paper at least seems credible: Fream is the president and CEO of the Original Equipment Suppliers Association, an industry nonprofit, and she has a Harvard MBA. Working at Beaumont under Fox and his former COO Carolyn Wilson was a hellacious HR experience, and the pandemic worsened the situation. Beaumont is having difficulty attracting mid- and lower-level employees as well. Though Spectrum Health is a respectable hospital network run by a management and board deeply committed to the Grand Rapids area, the evidence is overwhelming that southeastern Michigan residents wont ultimately benefit from the deal. Reach Eric Starkman at: eric@starkmanapproved.com. Studies show that when hospitals combine, healthcare prices increase while patient quality declines. Spectrum CEO Tina Freese Decker will lead the combined company. I imagine Fox is luxuriating at one of his Atlanta or North Carolina manors laughing hysterically at the Michigan executive yahoo who took Beaumont off his hands and no doubt paid him millions as part of the deal. 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. Less readily understood is why Spectrum would want to do a deal. The terms of the deal were so obscenely favorable to Advocate Aurora that Rep. Andy Levin, whose district includes Beaumont Royal Oak, announced he would oppose the deal. And there is no mention of what, if any, role Beaumont COO Carolyn Wilson will play after the merger. "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. 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. 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.. Those workforce headwinds should have been known to Freese Decker well before she took over Beaumont. It is said that you can judge a person by the company they keep. The writer, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. 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. If this is a signal of what to expect if Grand Rapids-based Spectrum Health is allowed to rescue Beaumont Health from further decline, maybe the takeover isnt quite as ill-advised as I thought. Reach Eric Starkman at: eric@starkmanapproved.com. Nonprofit hospitals are supposed to manage their investments conservatively, opting for boring short-term duration bonds and other low risk investments. Prioritys goal is to capture as much market share as possible and then use that power to reduce what it pays to doctors to cover their services. 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. Spectrum is a competently run company on an upward trajectory, while Beaumont is a very damaged goods operation. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. The FTC decision to implicitly rubber stamp Spectrums takeover underscores the weakness of President Bidens leadership and the little respect he commands, even among his own appointees. The Michigan Nurses Union vowed it would no longer seek to organize at Beaumont because of the companys climate of fear.. Beaumont spokesman Mark Geary ignored a request for comment. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured.

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