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Joining forces: Beaumont, Spectrum Health took similar paths with dissimilar results


Joining forces: Beaumont, Spectrum Health took similar paths with dissimilar results
Butterworth Hospital, part of Grand Rapids-based Spectrum Health, at left, and Beaumont Health, headquartered in Southfield.
Southfield-based Beaumont Health and Grand Rapids-based Spectrum Health are barreling toward a merger, one that will create not only the state s largest health system but its largest employer. The two health systems have been on a similar trajectory for the past two decades both created by mergers themselves but with dissimilar results.
Beaumont has struggled to keep its employees happy as it launched several cost-cutting campaigns to improve margins and reinvestments. Meanwhile, Spectrum has proven to be an adept operator, gobbling up smaller systems along the way, and growing to become a dominant player on Michigan s west side. ....

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The Way Forward: Telehealth, mergers and new business arrangements to dominate health care


The Way Forward: Telehealth, mergers and new business arrangements to dominate health care
Beaumont Health
Beaumont Health s merger talks with Grand Rapids-based Spectrum Health are part of a trend toward consolidation.
Health care
COVID impact: Health care suffered severe disruption as COVID cases swamped hospitals but much other care, and the payment that went with it, ground to a halt.
The Way Forward: Federal stimulus money helped health systems stay afloat financially. Mergers and other joint agreements are the wave of the future.
Also in this report:
Nonprofitsface long recovery, uncertainty
State governmentlikely to take up less space
Manufacturing: Auto industry worries get flipped on their heads ....

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