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Displaying items tagged: Spectrum Health

Thursday, 02 March 2023 16:45

Corewell Health operations buck national trend to remain profitable for 2022

GRAND RAPIDS — Corewell Health’s operations finished 2022 in the black despite escalating costs for labor, supplies and drugs, but the health system reported an overall net loss as the market deeply affected the performance of its investments.

Published in Health Care
Monday, 14 November 2022 21:36

State, federal relief boost Corewell Health’s bottom line as ‘unfavorable’ conditions persist

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.

Published in Health Care
Tuesday, 11 October 2022 10:11

BHSH System rebrands as Corewell Health after Spectrum-Beaumont merger

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.

Published in Health Care

Sunday, 09 October 2022 18:29

Grand Rapids med device startup attracts $1M bridge investment led by Mayo Clinic

GRAND RAPIDS — The $1 million raised from investors brings The Patient Co. closer to the marketplace for a device designed to assist nurses and other care providers in safely moving patients.

Published in Health Care
Friday, 09 September 2022 12:08

BHSH slashes 400 non-clinical, administrative positions statewide to address rising costs

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. 

Published in Health Care
Thursday, 08 September 2022 16:39

BHSH System cuts two dozen leadership positions at Spectrum Health Lakeland

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

Published in Health Care

Thursday, 18 August 2022 12:04

Beaumont Health lost $100M in first half of 2022; Spectrum and Priority Health gains offset losses for BHSH System

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.

Published in Health Care
Thursday, 18 August 2022 10:30

Spectrum Health breaks ground on rehabilitation, nursing center in latest GR construction project

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

Published in Health Care
Thursday, 21 July 2022 10:55

Pine Rest, DeVos Children’s Hospital to partner on new $62M behavioral health center

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.

Published in Health Care

Tuesday, 12 July 2022 13:17

Mary Free Bed, Spectrum plan $60M pediatric rehabilitation hospital in Grand Rapids

GRAND RAPIDS — Mary Free Bed Rehabilitation Hospital and Spectrum Health’s DeVos Children’s Hospital plan to build the state’s first children’s rehabilitation hospital in Grand Rapids.

Published in Health Care
Wednesday, 25 May 2022 21:47

Health Alliance Plan to expand West Michigan presence with Spectrum Health agreement 

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

Published in Health Care
Thursday, 28 April 2022 11:46

Spectrum Health 2021 income dropped as health systems combatted COVID-19 case surges, staff shortages

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. 

Published in Health Care

Tuesday, 12 April 2022 13:04

BHSH System, GVSU launch $19M scholarship program to combat nursing shortage

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.

Published in Health Care
Sunday, 27 March 2022 18:02

MiBiz Growth Report: March 28, 2022

Recruitment platform Job.com has acquired QCI Healthcare Staffing, a Grand Rapids-based health care staffing agency. The deal was the fourth staffing agency acquisition by Job.com, which seeks to acquire small to medium-sized staffing agencies. Terms of the deal were not disclosed.

Published in Economic Development
Sunday, 27 March 2022 18:10

Holland Hospital leaders take on new roles as health care partnerships deepen

HOLLAND — Holland Hospital has put in motion an executive leadership succession plan while looking to extend its position in the lakeshore health care market and to build clinical services through partnerships with University of Michigan Health-West.

Published in Health Care

Sunday, 27 March 2022 18:40

‘A BIG DEAL’: Backed by Michigan investors, generic drug maker aims to disrupt insulin market

Legislation proposed in Congress would cap customers’ monthly out-of-pocket cost for insulin at $35, an idea President Joe Biden supported in his recent State of the Union address.

Published in Health Care
Tuesday, 22 March 2022 12:44

MSF approves $14M in brownfield incentives for Spectrum Health; amends programs to open accessibility

The Michigan Strategic Fund has approved a brownfield plan totaling $14 million in state tax capture for Spectrum Health’s Center for Transformation and Innovation that is under construction in Grand Rapids.

Published in Economic Development
Sunday, 13 February 2022 18:38

Spectrum-Beaumont merger creates SE Mich. market share opportunity for Priority Health

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.

Published in Health Care

Wednesday, 09 February 2022 13:04

Legislature approves $300M in COVID relief funding to help retain health care workers

Legislation allocating $1.2 billion in pandemic relief funding that’s now headed to Gov. Gretchen Whitmer for her signature includes $300 million to help health care providers retain and attract staff.

Published in Health Care
Monday, 31 January 2022 16:43

Future health care costs in focus as Spectrum, Beaumont finalize merger

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.

Published in Health Care
Sunday, 30 January 2022 18:12

Health care leaders speak out as workers endure ‘pandemic of violence’

Incidents of abuse and violence against health care workers already occurred at an alarming frequency two years ago.

Published in Health Care

Sunday, 16 January 2022 18:00

Hospitals delay care, add beds, shift staff in ‘most challenging’ COVID surge yet

 Hospitals and their medical personnel who are already deeply strained from high patient volumes face an even tougher time in the weeks ahead as COVID-19 cases rise and hospitalizations reach new peaks.

Published in Health Care
Thursday, 13 January 2022 13:33

Spectrum Health announces $151M in facility expansions, including new 11-story medical center in Grand Rapids

GRAND RAPIDS — Spectrum Health plans to spend $151 million to develop three new outpatient medical centers in downtown and rural markets north of Grand Rapids.

Published in Health Care
Tuesday, 11 January 2022 13:43

‘This surge is not like the others:’ State health officials expect spike in COVID-19 hospitalizations in coming month

Michigan is poised to see a “very sharp crest” in the coming weeks in COVID-19 cases and hospitalizations as the delta and omicron virus variants sicken thousands more people in a post-holiday surge, according to state health officials.

Published in Health Care

Tuesday, 28 December 2021 13:30

Spectrum Health approved for 54 additional hospital beds in case COVID surge worsens

GRAND RAPIDS — Spectrum Health can temporarily add another 54 inpatient hospital beds in Grand Rapids should a surge in patients from the COVID-19 pandemic worsen in the coming weeks.

Published in Health Care
Sunday, 19 December 2021 18:10

Hospital execs hope to gain lessons from pandemic-induced staffing crisis

The start of 2022 will be a grim one for hospitals.

Published in Health Care
Sunday, 19 December 2021 18:40

Completing a blockbuster merger, overcoming COVID fatigue top Spectrum Health exec’s priorities

Spectrum Health looks to close next year on a blockbuster merger with Southfield-based Beaumont Health. T

Published in Health Care

Wednesday, 08 December 2021 12:54

Mercy Health Muskegon granted emergency OK for additional 37 beds to deal with COVID surge

MUSKEGON — Mercy Health Muskegon has received emergency state approval to add 37 beds to handle high patient volumes amid the current COVID-19 surge.

Published in Health Care
Friday, 03 December 2021 16:27

Mercy, Spectrum, UM Health-West at or near capacity with COVID-19 patients

Officials with three major West Michigan health systems reported Friday that their hospitals are at, or near, capacity with COVID-19 patients, test positivity rates are at record highs, and worker fatigue is at its worst levels of the pandemic.

Published in Health Care
Sunday, 05 December 2021 18:00

8 West Michigan projects to watch

The construction industry experienced widespread pauses on projects in 2020 during the onset of the COVID-19 pandemic. However, the backlog made for a packed year in 2021, which features a range of ongoing projects including housing developments and reuses of former industrial buildings.

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