Displaying items tagged: BHSH System

More than $100 million in state and federal assistance accounted for much of Corewell Health’s operating margin during the first nine months of 2022, as results narrowed amid higher labor costs.

The health system that temporarily took on the BHSH System moniker following the blockbuster merger earlier this year between Spectrum Health and Beaumont Health is now known as Corewell Health.

People in the News: A roundup of new hires, promotions and awards in West Michigan.

GRAND RAPIDS — BHSH System has eliminated 400 positions across the state in a move to address rising costs that have been hitting the health care industry hard this year. 

ST. JOSEPH — BHSH Spectrum Health Lakeland has cut nearly two dozen leadership positions in Southwest Michigan.

First-half financial data for BHSH System show a nearly $100 million loss for Beaumont Health was offset by stronger performances by Spectrum Health and Priority Health in West Michigan.

First half revenues fell well below BHSH System’s projections as major losses in Southeast Michigan were offset by gains in West Michigan. 

That’s according to a new quarterly report that sheds light on the finances of the largest in-state health care provider created by the merger of Beaumont Health and Spectrum Health earlier this year.

GRAND RAPIDS — BHSH System Spectrum Health West Michigan began work today on a new $37 million rehabilitation and nursing center in Grand Rapids.

BHSH System, the parent corporation of Spectrum Health in West Michigan and the largest in-state health system, will “continue to provide reproductive health care to our communities” as a legal case continues on a 91-year-old law banning most abortions in Michigan.

Recent announcements of two new pediatric care centers in Grand Rapids signal a heightened push for collaboration with other health care providers from BHSH System’s Spectrum Health West Michigan.

Pine Rest Christian Mental Health Services plans a new $62 million pediatric center to address what CEO Mark Eastburg calls the “crushing need” for mental health treatment among children and adolescents.

Michigan Gov. Gretchen Whitmer has renewed her request for the Michigan Supreme Court to immediately consider her lawsuit to determine whether abortion is protected under the state’s constitution.

BHSH System — the company formed out of the merger of Spectrum Health and Beaumont Health — reinstated its abortion policy over the weekend after initial confusion following the U.S. Supreme Court’s overturning of Roe v. Wade.

BHSH System has reinstated its policy of performing abortions in “medically necessary” situations roughly 24 hours after saying it would only do so if the mother’s life was at risk.

Health Alliance Plan filled a significant gap in its West Michigan care provider network with a new deal with BHSH Spectrum Health West Michigan.

GRAND RAPIDS — CMS Energy and Spectrum Health West Michigan are partnering on a new solar energy project that will help meet the power needs at a planned 80-bed subacute rehabilitation center on the city’s northeast side.

GRAND RAPIDS — Spectrum Health recorded a smaller bottom line for 2021 as health systems nationally were ailing from COVID-19 case surges and staff shortages that drove up labor costs. 

The merger between Spectrum Health and Beaumont Health created a larger network from which Scott McLean can source deals.

Anew partnership between Grand Valley State University and BHSH System to increase the talent pipeline for nurses could lead to a series of similar efforts as health care and higher education officials seek to resolve an urgent staffing crisis.

GRAND RAPIDS — BHSH System will put $19 million toward increasing the talent pipeline for nurses who earn their degree at Grand Valley State University, officials announced today.

The $300 million that state lawmakers recently appropriated to help health care providers attract and retain workers amid an acute staffing shortage could begin flowing by early spring.

The recent merger between Spectrum Health and Beaumont Health creates the potential for Priority Health to make deeper inroads in the Southeast Michigan health insurance market.

The new health system that Spectrum Health and Beaumont Health plan to launch Tuesday will have considerable market clout in the Michigan health care market, raising concerns about the potential effect on costs.