The writer, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. The American Hospital Association (AHA), the trade group focused on promoting the financial interests of nonprofit hospitals and their managements, is a major lobbying force in Washington. Far from it. The list goes on. Merging with Beaumont would more than double Spectrums size in some areas. Those workforce headwinds should have been known to Freese Decker well before she took over Beaumont. When Fox arrived, Beaumont Royal Oak was among the best regional hospitals in the country; today it can best be described as a giant but mediocre community hospital. As Deadline Detroit recently reported, Beaumonts once-bustling endoscopy suite, where a patient died undergoing a routine colonoscopy in January, has suffered a rash of nurse resignations and can barely operate at 50 percent capacity. Nessel also has made that claim. 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.. 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. A hospital CEO committed to the best interests of their organization and the communities it services would typically demand a premium of one times the annual revenue, meaning Spectrum should pay nearly $5 billion to take over Beaumont. The head of Beaumonts audit committee was Julie Fream, who earlier this month became the hospital networks chair and has no auditing experience or background listed on her LinkedIn page. Beaumont does not have a good reputation regarding how they treat employees. The release, which Fream presumably signed off on, said her appointment was part of a normal governance leadership rotational process.. Spectrum is a competently run company on an upward trajectory, while Beaumont is a very damaged goods operation. Share. Wright Lassiter III, president and CEO of Henry Ford Health System, is chair of the AHA. Said a veteran Troy ER source: Ive never seen anything like this in all my years of nursing. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved. Naming Fream as chairman was done for optics, an attempt to assure Southeastern Michigan residents that their interests would be protected if Spectrum and Beaumont merge. Support our reporting and commentary by becoming a Deadline Detroit member for as little as $3 per month. Freed might want to reach out to Mark Shaevsky, a prominent southeastern Michigan attorney and a former Beaumont board member before it merged with two lesser hospital companies in 2014. Its Beaumonts attempt to mislead southeastern Michigan residents that they arent losing a local institution. 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. Confidentiality is assured. 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 isnt the only hospital executive looking to exploit the perception that the unvaccinated are responsible for wreaking havoc. But unlike Beaumont, Henry Fords staffing issues arent due to mismanagement. John Kerndl and Denise Waters. It comes as no surprise that Spectrums takeover received the green light. To support Deadline Detroit's independent journalism, please sign up for a $3a month membership or a one-time donation. Studies out of Israel suggest that Pfizers vaccine protection begins waning after six months, but the FDA said that U.S. data is inconclusive. By Eric Starkman. The Detroit News. Grand Rapids business community is small and tight knit, and Spectrum is a major employer in western Michigan. Financially, the pandemic was very good to Beaumont, as the hospital system pocketed an additional $1 billion for its $2.5 billion reserve kitty while furloughing and terminating hundreds of employees. No doubt the pot of cash is the bait that got the merger talks going. Gretchen Whitmer. Gretchen Whitmer were silent. The quality of care has declined to such a degree that insiders readily admit they wouldnt entrust their families care to the hospital. Spectrums takeover of Beaumont was a deal that should never have been allowed. (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. In what will likely be his final FU to Metro Detroit, Fox will depart on Friday. Freese Decker should be fired. He's even willing to. 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. September 15, 2020, 9:36 PM . 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. Fox didnt disclose how much Beaumont will spend to fund its real estate expansion. A Grand Rapids television station revealed that operating room OBGYN doctors were posting photos on social media of them holding up surgically removed organ and tissue material as part of a game they likened to The Price Is Right. The report by NBC affiliate WOODis a classic worth watching because the reporter cant believe what shes actually reporting. Beaumont Health CEO John Fox has no shame. An additional director will also be named. Beaumont was once mostly staffed by highly skilled veterans, among the best in healthcare. The combined Spectrum and Beaumont operations will temporarily be called BHSH System. Speaking of Oakland University, when Fox announced his ill-fated attempt to merge Beaumont into Chicago-based Advocate Aurora, one of the few benefits he touted was that Advocate Aurora had agreed to move Oakland Universitys William Beaumont School of Medicine to Beaumonts Royal Oak campus. Jane Jordan, Beaumonts general counsel, is said to have stuck around only to help Fox negotiate a merger deal. Starkman: Prominent Beaumont Cardiologist Calls for Ouster of Corporate Leaders, The Beaumont Health Superheroes Who Spoke Truth to Power, The Discredited PR Spin of Beaumont Health CEO John Fox, Beaumont and Advocate Aurora End Merger Discussions, Prominent Beaumont Donor Calls for Firing of CEO John Fox and His Key Executives, 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. 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. 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. Even Beaumont employees suffering from myopia can read this writing . 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. Employees blame them both for Beaumonts implosion. Tina Freese Decker, president and CEO of Spectrum, is chair of the Michigan Health & Hospital Association. 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. BHSH is what Spectrum calls its combined Beaumont and Spectrum operations. The FTCs approval isnt certain, as President Biden has asked the agency to be more critical of mergers. 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. Disgruntled Staff. Spectrum was targeting a $156 million operating profit. Much of Freeds letter focuses on why merging with Beaumont is very bad for western Michigan residents, but in doing so he calls out Beaumonts lack of financial transparency and notes that the few disclosures Beaumont makes dont add up. As of this writing, Freeds letter received 40 likes and other shows of support, and not a single criticism. Soon after, Fox announced the Advocate Aurora deal. Have you tried to find Beaumont Healths financial statements? Freed asks. So What? Hiring nurses for Henry Fords flagship Detroit hospital is a more formidable challenge because some candidates fear working in Detroit. The deal will invariably be good for Fox, as he will likely get a very lucrative exit package to sail into the Georgia sunset. Freese Decker this week toured Beaumont Troy Hospital, and notably neither Fox nor COO Carolyn Wilson were in tow. The merger rationale was that hospitals benefitted from getting bigger and achieving economies of scale. A lifelong Michigander with an impressive background, Barbee resigned in October to join Indiana University Health as head of HR. 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. Nonprofit hospitals are supposed to manage their investments conservatively, opting for boring short-term duration bonds and other low risk investments. Rather than having people speculate he was passed over, he chose to step down in advance. 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.. Even more disconcerting: Beaumont chairwoman Julie Fream will serve as chairwoman if the companies merge. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. 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. Other state attorney generals have also shown a willingness to take on the powerful interests of U.S. hospital companies. Susick fired Royal Oaks highly regarded and very much beloved head of pediatrics after he protested budget cuts that he argued would harm patient care. Also fostering ill will is Beaumonts mandate requiring that all employees be vaccinated or be fired. Still, Beaumont is clearly going to be a financial albatross on Spectrums operations for quite some time. Under the terms of the deal Fox negotiated, Advocate Aurora would have taken over Beaumont and its $2.5 billion reserve without forking out a penny. 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. 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 higher health care costs in that state. I dont see any value in this merger, Freed says of the marriage deal Spectrum and Beaumont jointly announced last week. Starkman: Prominent Beaumont Cardiologist Calls for Ouster of Corporate Leaders, The Clueless Generosity of Beaumont CEO John Fox, Beaumont's Bonuses and the Sorry State of Michigan's Political Leadership, The Controversial Company Beaumont CEO John Fox Keeps, Beaumont Chief John Fox to Detroit-Area Children -- FU Too, The Beaumont Health Superheroes Who Spoke Truth to Power, The Discredited PR Spin of Beaumont Health CEO John Fox, Beaumont and Advocate Aurora End Merger Discussions, Prominent Beaumont Donor Calls for Firing of CEO John Fox and His Key Executives, 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. Joseph Hill, who was hired to be diversity chief at Hermann Health System in Houston, was fired even before starting his job allegedly because he had already identified racial bias at the hospital. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Spectrum was projecting a loss of $57.1 million, which . Beaumont Royal Oak in the past 18 months has lost more than a dozen prominent surgeons, half of its fellowship trained anesthesiologists, more than 50 nurse anesthetists, and dozens of nurses. Spectrumreportedthat Beaumonts operations already have racked up nearly $100 million in losses. According to one source, Beaumont at least until recently had more than 3,000 job openings. Less readily understood is why Spectrum would want to do a deal. The good news is that Beaumont isnt overrun with critically ill Covid patients, which suggests that vaccines are doing what they were intended to do: Prevent people who contract the disease from becoming critically ill and dying. Reach Eric Starkman at: eric@starkmanapproved.com. That could further worsen Beaumonts nursing shortage. 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. I can suspect what the problem is but, without transparency, I cant know.. Spectrum and Beaumont are technically merging because the board of the combined companies will have near equal representation and Beaumont chair Julie Fream will serve as chair of the BHSH. The only remaining senior management executives are Grant, the chief nursing officer, and Jane Jordan, the chief lawyer, who like Grant and CEO Fox, has her primary home in Atlanta. Eight will come from Spectrum, including Freese. Beaumonts board failed in their duties overseeing the hospital system they were responsible for protecting. After posting his letter, Freed noted on his LinkedIn page that Beaumont made $167 million from its operations in 2020, which included revenue recognition of $349 million from the CARES Act and FEMA payments for Covid. Why would Beaumont nurses want to remain on staff when they can make more money working at a staffing agency? Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. 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.. to Michigan Tweet. Michigan Gov. Spectrums board is certainly a lot tougher on compensation. Even when Fox announces a merger deal with Spectrum, theres still no guarantee it will go through. By Eric Starkman. Working at Beaumont under Fox and his former COO Carolyn Wilson was a hellacious HR experience, and the pandemic worsened the situation. When you sign the documents that will permanently change this region, your signature will forever hold you accountable for the repercussions, Freed said in a letterhe posted on LinkedIn. The rankings are based on data compiled before Beaumont Royal Oak outsourced its anesthesia services, a controversial move linked to the death of a patient undergoing a routine colonoscopy and another patient landing in the ICU because of a pain medication overdose. The Chief People Officer position is listed as open, indicating that Ries isnt getting the top HR job at BHSH. Combining Spectrum with Beaumont would be akin to Target, whose management is respected and its brand has a loyal following, merging with Macys, a troubled chain whose flagship store in midtown Manhattan has lost its luster much like Beaumont Royal Oak. The promised dual headquarters was also BS. A credible and competent board would have fired Fox, Wilson, and chief medical officer David Wood Jr. after internal surveys last year revealed the majority of Beaumont doctors and nurses had no confidence in them. He also noted that Beaumont received Medicare advances of $505 million in 2020 that needs to be returned this year. Spectrum has also been embroiled in controversy that made national news. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Fox has blamed the pandemic for Beaumonts HR problems, but the issues predated Covid. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Fox cancelled the Advocate Aurora deal a few days later. 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.. 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. Beaumont CEO John Fox is headed for the door Friday. He didnt address staff as folks as hes repeatedly done in the past and he looked more relaxed and rested than in previous videos. To support Deadline Detroit's independent journalism, please sign up for a $3a month membership or a one-time donation. To support Deadline Detroit's independent. Support our reporting by becoming aDeadline Detroit memberfor as little as $3 per month. 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. Fox said Beaumont plans to ask for military assistance to support its other facilities. 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. February 02, 2022, 4:58 PM . Beaumont CEO John Fox will forever be remembered in the Detroit area as a con man. Allowing them to continue profiting from their mismanagement would undermine Spectrum managements credibility from the get-go. 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. In his video, Fox disclosed that none of the monies for the planned expansion are being diverted from funds to deal with Beaumonts chronic staff shortages that have forced the closing of wards because there isnt sufficient medical staff to cover them. A Zoom video conference call that was leaked this week among physicians and the marketing director of a North Carolina hospital involved a discussion on how to manipulate Covid patient stats to make them more scary to the public. Henry Ford also said the unvaccinated were exacerbating its staff shortages. 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? Giving some of them oversight over a considerably bigger hospital system is reckless and irresponsible. Freese Decker cant say she wasnt warned. Fox also disclosed that Beaumont has earmarked $40 million to purchase state-of-the-art beds, some of which are already being delivered. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? 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. A responsible board would have fired Fox months ago and brought in an interim CEO with strong ties to southeastern Michigan to try and stabilize the place. The Michigan Nurses Union vowed it would no longer seek to organize at Beaumont because of the companys climate of fear.. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? By Eric Starkman . 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. 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. Israel relies nearly 100 percent on Pfizer vaccines, while the U.S. also has a prevalence of Moderna and J&J vaccines. Carey has spent more than 20 years as a . The metric that matters most is quality of patient care. There is compelling research showing that hospital mergers result in higher patient costs and reduced quality of care. Moreover, rookie nurses still have a lot to learn. The writer, a Los Angeles freelancer, is a former Detroit News business reporter who . Beaumont derailed the effort after spending nearly $2 million on union busters, furthering ill will among its nurses. Beaumont, consistent with its practice of putting a spin on undesirable news, notified employees that it is making "good progress" toward . It is said that you can judge a person by the company they keep. 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. Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Reach Eric Starkman at: eric@starkmanapproved.com. To be sure, Beaumont isnt alone in suffering from a nursing shortage. Starkman: Why Beaumont's John Fox Could Haul More Than $30 Million Back to Atlanta Tweet. Starkman: Beaumont CFO John Kerndl and Top CEO Aide Say No! He's even willing to. Starkman: Beware! What, if any, role Wilson will play after the merger hasnt been disclosed. Spectrum also is comfortable issuing misleading or deceptive statements, so culturally Beaumont is possibly a great fit. On Thursday he posted an open letteron his LinkedIn page to Spectrums board implicitly questioning Beaumont Health's financials and warning that merging with the Southfield-based hospital network is ill advised. Pamela Ries, senior vice president and head of HR at Spectrum, is listed as chief integration officer. Spectrum appears to have grown organically, focused on a region it knows well. Spectrum, with $6.9 billion in revenues, operates 14 hospitals in the western side of the stateand has 30,000 employees. Underscoring Beaumonts disregard for transparency, the company routinely waits till the very last day before filing its Form 990, a document nonprofits are required to make public revealing compensation and other critical information. Beaumont spokesman Mark Geary ignored a request for comment. That would mean it will take at least five years for Spectrums nurse program to bear fruit, so it wont do anything to alleviate the current nursing shortage. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. The nurse anesthetists at Beaumont Royal Oak, Troy and Grosse Pointe hospitals, who are critical to keeping their facilities' lucrative surgery businesses humming, are mad as hell and aren't going to take it anymore. Nurses employed by staffing agencies are paid more than staff nurses performing the same functions. ER sources at Royal Oak and Troy say Covid patients account for a small percentage seeking emergency treatment. To support Deadline Detroit's independent. Most of them arent qualified to serve on the board of a major hospital company and the proof is in the Beaumont pudding. Many organizations are not interested in real change, Chris Metzler, the former associate dean for human resources and diversity studies at Georgetown University, told NBC News. Is that still on track given Beaumonts oceans of red ink? University Health as head of HR at Spectrum, is listed as Chief integration Officer all! And he looked more relaxed and rested than in previous videos 20 years as a con.. Ill will among its nurses large critical area that has haunted us for.. A deal that should never have been known to Freese Decker well before she took over.! Hospital Association western side of the marriage deal Spectrum and Beaumont jointly last! 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