Displaying items tagged: Spectrum Health

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.

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.

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.

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 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.

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.

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.

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 — 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. 

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.

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.

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.

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.

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.

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.

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.

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.

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

 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.

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.

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.

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.

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

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

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

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.

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.