Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, Michael Freed doesn't "see any value in this merger. Newsweek Ranks 3 Beaumont Hospitals Among Best in U.S. One Down, Three to Go. 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. Starkman: Beaumont CFO John Kerndl and Top CEO Aide Say No! Biden last July issued an executive order instructing the FTC to be more critical of hospital mergers because studies show they invariably result in higher patient costs and poorer quality of care. She never followed up with a comment. The writer, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. Jane Jordan, Beaumonts general counsel, is said to have stuck around only to help Fox negotiate a merger deal. Michigan Attorney General Dana Nessel could also have moved to block the Spectrum deal or demanded certain concessions, but she has proven to be a regulatory lightweight, particularly on matters relating to healthcare. Soon after, Fox announced the Advocate Aurora deal. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Freese Deckers bio said her biggest priority is building a health system that celebrates and reinforces diversity and inclusion for employees, patients, families, and members. Yet the entire BHSH senior management team as best I can tell is as lily white as a loaf of Wonder bread. 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. Among the benefits of the deal Fox trumpeted was a $1 billion commitment to move the William Beaumont School of Medicine from Oakland University to Beaumonts flagship Royal Oak campus and a significant increase in technology spending. Despite warning the pandemic would destroy U.S. hospitals, Beaumont overall had a very good year in 2020, increasing its reserve by $1 billion to $3.5 billion. Fox has blamed the pandemic for Beaumonts HR problems, but the issues predated Covid. Whats notable about the joint announcement and Beaumonts internal communications is whats missing. Rather than having people speculate he was passed over, he chose to step down in advance. Craig's guest is Eric Starkman, Deadline Detroit contributor and author of the blog Starkman Approved. The nursing shortage in our state is a critical and complex challenge that must be solved with bold and collaborative solutions, the Detroit Free Press quoted Freese Decker as saying. So What? 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. He also noted that Beaumont received Medicare advances of $505 million in 2020 that needs to be returned this year. Spectrum reported that Beaumont's operations already have racked up nearly $100 million in losses. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, Tina Freese Decker, Spectrum president and CEO, a month membership or a one-time donation, 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, Andy Levin Goes After Amazon's Union Busting in Alabama, but Silent About Beaumont. Understandably, Spectrum is a more profitable hospital system, but its profits also are bolstered by its lucrative Priority Health insurance arm. The metric that matters most is quality of patient care. Giving some of them oversight over a considerably bigger hospital system is reckless and irresponsible. As often happens when you meld two organizations, the weaker one brings the stronger one down. 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. This is Beaumont's latest attempt to merge with another hospital . Companies often create diversity positions for window dressing purposes. The courage it took for Freed to write and post a letter questioning the judgment of Spectrums board and reminding them of their fiduciary responsibilities cannot be emphasized enough. One of the deciding factors in evaluating merging Beaumont and Spectrum will be the financial terms of the deal. The anesthesiologists did this while earning a fraction of their . . Fox has a change of control clause in his contract, meaning he will likely receive a lucrative exit package. Fox and Geary have referred to the Spectrum transaction as a merger and a partnership. Fox has disclosed that he will depart once the deal is completed, and Id be surprised if Grant and Jordan plan to stick around. Israel relies nearly 100 percent on Pfizer vaccines, while the U.S. also has a prevalence of Moderna and J&J vaccines. The scuttlebutt around town is that Beaumont directors believe that a merger is the only way to get rid of Fox. If (Beaumonts) operating margins are adequate, and they have plenty of cash, whats the problem? 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. 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. In June of last year Fox announced he planned to merge Beaumont into Advocate Aurora, a Chicago-based hospital network whose CEO was on record as having insatiableambitious plans. 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. Reach the writer ateric@starkmanapproved.com. To the distaste of the pediatric heads colleagues, Susick walked him out of the hospital in front of his staff. Yet the, 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, 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. Also unavailable for clarifications will be Dawn Geisert, Beaumonts former compliance chief. Spectrums takeover must be approved by Michigan Attorney General Dana Nessel and the Federal Trade Commission. John Kerndl, who joined Beaumont in 2016, quit in March. Spectrums prices are higher than Beaumonts, as the hospital network has significantly less competition in western Michigan. Freed doesnt disclose his hunch about Beaumonts financials, which received less oversight than he possibly knows. Even Beaumont employees suffering from myopia can read this writing . Reach Eric Starkman at: eric@starkmanapproved.com. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Beaumont Troy, the only hospital in the companys network with a 5-star ranking for safety from the Centers of Medicare and Medicaid, doesnt have the management strife of Royal Oak. The only aspect of the deal worth cheering about is that Fox will finally be removed from Beaumont, but the company shouldnt have to lose its independence to make that happen. Tina Freese Decker, president and CEO of Spectrum, is chair of the Michigan Health & Hospital Association. Seven Failed Beaumont Directors Will Serve on Board If Spectrum Merger Gets Approval Tweet. Reach the writer ateric@starkmanapproved.com. In its announcement to employees, Beaumont said the merged company will maintain dual headquarters in Southfield and Grand Rapids, an economically inefficient move if true but it likely isnt. Even if the executive couldnt restore Beaumont to its former glory, he or she could at least have minimized the damage and fetched a higher price for the hospital network than whatever Fox has negotiated. Beaumonts orthopedic surgeons, ranked among the best in the country, are doing their lucrative joint replacement surgeries at area ambulatory centers. I dont know how we could handle a catastrophe, said a source at Royal Oaks ER. Spectrum also reported that Beaumont lost $253 million on its investments. 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. Its a standard practice when companies of near comparable size combine: The company whose CEO is tapped to lead the mergedcompany agrees to have the chairman of the partner company serve as chair. By Eric Starkman. Various studies, including one published in 2019 by Harvard researchers, also show that hospital mergers result in worsened patient experiences. The merger could still fall apart if Spectrum has a top-notch duediligence team. Based on what was paid to the CEO of one of Beaumonts predecessor companies, Fox possibly stands to receive more than $30 million to sail into the Georgia sunset. 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. 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. This columnist, a Los Angeles freelancer, is a former Detroit News business reporter who blogs atStarkman Approved. The Centers for Medicare and Medicaid Services objectively ranks hospitals for quality and Beaumont recently got dismal results: Of Beaumonts eight hospitals, only Beaumont Troy, which is overseen by managers willing to stand up to Fox and Wilson, earned a coveted 5-star rating. 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. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. That leaves the hospital with just two cardiothoracic surgeons, down from nine years ago. 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. Why would Beaumont nurses want to remain on staff when they can make more money working at a staffing agency? What, if any, role Wilson will play after the merger hasnt been disclosed. Beaumont CEO John Fox will forever be remembered in the Detroit area as a con man. That wasnt entirely true. A merger of Spectrum and Beaumont must be approved by Michigan Attorney General Dana Nessel, who has shown no interest in championing healthcare issues and can be counted on to rubber stamp the deal. That would mean there wouldnt be one senior executive from Beaumont involved in the management of the combined hospital systems. Spectrums board strikes me as pretty buttoned up, so they might not yet appreciate the extent of how damaged Beaumont really is. The joint release promotes the benefits of Priority Health, Spectrums insurance plan. It isnt clear from Beaumonts stats that the hospitals Covid patients were admitted because of the disease or possibly some other serious ailments. It appears that Beaumont Health CEO John Fox won't be bundling his millions and bidding Michigan goodbye as soon as he hoped. The deal will invariably be good for Fox, as he will likely get a very lucrative exit package to sail into the Georgia sunset. Fox cancelled the Advocate Aurora deal a few days later. In a further diss to the community, Beaumont converted a laundry facility into a makeshift morgue without getting permits. How Absurd. Moreover, rookie nurses still have a lot to learn. I imagine Fox is luxuriating at one of his Atlanta or North Carolina manors laughing hysterically at the Michigan executive yahoo who took Beaumont off his hands and no doubt paid him millions as part of the deal. 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.. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved. Although Spectrum and Beaumont have characterized their combination as a merger, Spectrum is effectively taking over Beaumont. His chief marketing officer resigned last September, his CFO quit in March, his chief compliance officer left a few weeks ago, and his chief revenue officer is out the door in a few days. Spectrums joint release with Beaumont says the aim of the deal is to make health care more affordable for the communities we serve. Heres my challenge to Freese Decker: For every independent study she can come up with showing where hospital mergers resulted in more affordable care, I will come up with two showing the opposite. Disgruntled Staff. Employees blame them both for Beaumonts implosion. Beaumont was once mostly staffed by highly skilled veterans, among the best in healthcare. By Eric Starkman During the Covid pandemic, a hospital's safety practices are more. Spectrum CEO Tina Freese Decker will lead the combined company. AG Dana Nessel was personally warned by Beaumont donor and former director Mark Shaevsky two years ago that Fox and his board cronies needed to be removed, but she allowed the hospital system to deteriorate, as did Michigan Gov. Pamela Ries, senior vice president and head of HR at Spectrum, is listed as chief integration officer. Inexperienced nurses All of Spectrums top executives are based in Grand Rapids, which is understandable since none of Foxs top lieutenants remained with the company. Merging with Beaumont would more than double Spectrums size in some areas. Southeastern Michigan residents shouldnt look to Rep. Andy Levin to save the day. That resulted in Beaumont staff nurses working alongside nurses getting paid considerably more money doing the same job, prompting more staff nurses to leave. Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Those workforce headwinds should have been known to Freese Decker well before she took over Beaumont. February 02, 2022, 4:58 PM . 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. 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. According to an email obtained by the Detroit TV station, Beaumont transferred its Covid patients because the CEO said the hospital system was losing too much money treating them. 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. Yet the Leapfrog safety rating of Henry Fords flagship hospital in Detroit is a C, while its ambulatory center in more affluent West Bloomfield enjoys an A. HFH chief Lassiter is Black, and almost half of the flagship hospitals staff is nonwhite. In another example of how Freese Decker is just like John Fox in looking to deceive and distract, Spectrum announced it will provide Oakland University with $20 million over the next five years for a Beaumont Health Nurse Scholar Program. Six months into Freese Deckers acquisition of Beaumont Health from former controversial CEO John Fox, metro Detroits biggest hospital system is suffering from a pandemic of red ink. A traditional Bachelor of Science degree in nursing is typically four years. That's bad news for Metro Detroit's biggest hospital . Beaumont is offering all its nurses systemwide an additional $45 to $50 an hour bonus to work beyond their assigned shifts, an additional $15 an hour for techs. John Fox, the Atlanta carpetbagger who washed up on the shores of southeastern Michigan seven years ago to bolster Beaumont Healths profits and gussy up Metro Detroits biggest hospital network so that he could sell it, appears hes pulled off what he set out to do. Another open position is the Chief Inclusion, Equity, Diversity and Social Impact Officer.. They say waits extending six hours and beyond stem from a chronic shortage of inpatient nurses thats forced the closing of various wards. Even when Fox announces a merger deal with Spectrum, theres still no guarantee it will go through. The FTCs approval isnt certain, as President Biden has asked the agency to be more critical of mergers. 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.. Thats how Beaumont ended up in the sorry state that it did. This is a good time to give a shoutout to former Beaumont chair John Lewis, who at the end of the day bears the greatest responsibility for the hospital systems decline. Its totally bizarre.. Beaumont does not have a good reputation regarding how they treat employees. Studies out of Israel suggest that Pfizers vaccine protection begins waning after six months, but the FDA said that U.S. data is inconclusive. Spectrums CEO Freese Decker joined Spectrum in 2002 as an administrative fellow, a program designed to train masters level graduates the administrative aspects of a healthcare facility. To support Deadline Detroit's independent. Also, if you wish to support Deadline Detroit's. Less readily understood is why Spectrum would want to do a deal. Eric Starkman of Los Angeles is a former Detroit News business reporter who blogs at Starkman Approved.. By Eric Starkman. About a half dozen of Freams former board cronies also serve on the Spectrum board, once entirely controlled by Grand Rapids and western Michigan-based residents. 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. Spectrum also is comfortable issuing misleading or deceptive statements, so culturally Beaumont is possibly a great fit. Copyrightdocument.write(new Date().getFullYear());Deadline Detroit, Inc. - All Rights Reserved, AG Dana Nessel and Gov. 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Beaumont, consistent with its practice of putting a spin on undesirable news, notified employees that it is making "good progress" toward . 'The Week That Was:' Will Kristina Karamo Seriously Damage Michigan's Republican Party? Beaumont Troy also operates at a reduced capacity. Beaumont has signed a letter of intent to merge with Spectrum Health, a Grand Rapids-based hospital network focused on Western Michigan, the company announced internally Wednesday. Beaumonts board failed in their duties overseeing the hospital system they were responsible for protecting. Its near impossible to put a positive spin on a critical and passionate letter written by a former top executive who played a major role transforming Spectrum into a western Michigan powerhouse. BHSHs management team is comprised entirely of Spectrum executives, except Beaumont Royal Oak president Nancy Susick, who has been named interim president of what is being called BHSH Beaumont Health. 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 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. 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. Fox isnt the only hospital executive looking to exploit the perception that the unvaccinated are responsible for wreaking havoc. Getting more Americans vaccinated is widely believed the ticket to saving lives and preventing hospitals from being overrun with Covid patients at deaths door. She bolted last month. Spectrums management is rightfully proud of the people who they are ultimately accountable to because directors bios and photos are featured on the companys website. In a major blow to the hospital, Reza Dabir, Dearborns top cardiothoracic surgeon, resigned to join Ascension Health. Support our reporting by becoming aDeadline Detroit memberfor as little as $3 per month. 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. Travel nurses are also required to oversee only four patients at a time and are exempted from having to transport patients to other areas of the hospital. Nurses employed by staffing agencies are paid more than staff nurses performing the same functions. Share. Grand Rapids business community is small and tight knit, and Spectrum is a major employer in western Michigan. 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. Six months into Freese Decker's acquisition of Beaumont Health from former controversial CEO John Fox, metro Detroit's biggest hospital system is suffering from a pandemic of red ink. Also fostering ill will is Beaumonts mandate requiring that all employees be vaccinated or be fired. Studies also show that hospital mergers also result in a decline in patient care. Beaumont Beaumont employees and vendors are encouraged to reach out, with confidentiality assured. Starkman: Why Beaumont's John Fox Could Haul More Than $30 Million Back to Atlanta Tweet. Beaumont Health was significantly impacted by these financial and workforce headwinds that were particularly strong in Southeast Michigan (in the second quarter). Its Beaumonts attempt to mislead southeastern Michigan residents that they arent losing a local institution. Spectrumreportedthat Beaumonts operations already have racked up nearly $100 million in losses. 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. The Detroit Free Press quotedSpectrum's Freese Decker as saying, Today is a historic day. Its one of the rare instances where shes made a statement of undeniable truth. Spectrum, with $6.9 billion in revenues, operates 14 hospitals in the western side of the stateand has 30,000 employees. Those warnings are what led Congress to approve the financial largesse that Beaumont and other hospitals benefited from. 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. If this is a signal of what to expect if Grand Rapids-based Spectrum Health is allowed to rescue Beaumont Health from further decline, maybe the takeover isnt quite as ill-advised as I thought. Fox and spinmeister Geary have a history of making statements that are deceptive and misleading, a compilation of which can be found here. Why isnt Freese Decker following through on that supposedly great initiative? Starkman: Electric Vehicles and the Exploitation of Michigan Taxpayers. Under Freese Deckers leadership, Spectrum experienced considerable turnover of its Black employees, some of whom approached an attorney to explore whether they had cause to file a discrimination lawsuit. The Beaumont Health System, comprised of Royal Oak, Troy, and Grosse Pointe hospitals, was far superior and the expectation was that the merger would elevate the quality of staff and patient care at the Oakwood and Botsford hospitals. That Fream will serve as chair of the board overseeing a combined Spectrum and Beaumont is a disgrace and underscores Michigans poor leadership. A lifelong Michigander with an impressive background, Barbee resigned in October to join Indiana University Health as head of HR. In what will likely be his final FU to Metro Detroit, Fox will depart on Friday. Still, Beaumont is clearly going to be a financial albatross on Spectrums operations for quite some time. 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. BHSH will be the biggest hospital network in Michigan and the states biggest employer. 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. And spinmeister Geary have a history of making statements that are deceptive misleading... Vendors are encouraged to reach out, with confidentiality assured, Reza Dabir Dearborns... At Royal Oaks ER from myopia can read this writing over a considerably bigger hospital system they were for. Beaumont received Medicare advances of $ 505 million in losses deceptive statements, so they might not yet the. Hospital system they were responsible for wreaking havoc have a history of making statements that are deceptive misleading. Equity, diversity and Social Impact officer than staff nurses performing the same.. 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