GRAND RAPIDS, MI – Directors at Spectrum Health and Beaumont Health have taken the next step towards creating a new health system.
The groups, which announced their proposed merger in May, said on Thursday that they had signed a merger agreement, which “signals an ongoing signal and commitment to a shared vision of the organizations to provide more, tolerance, balance and unparalleled health and community care for people across the state. ”
“We have worked together to develop a deeper understanding of each organization,” said Spectrum President and CEO Tina Freese Decker, who has been instrumental in guiding the overall health system. “Both Spectrum Health and Beaumont Health have rich histories with compassion, high quality and dedicated health care professionals.”
Staff with Spectrum were not immediately available for an interview on Thursday.
The new, comprehensive health system will include more than 64,000 employees and roughly $ 13 billion in revenue. Beaumont is based in Southfield, located in Oakland County.
Related: Spectrum Health has already seen a ‘significant financial loss’ in the Beaumont area
“We are very excited to make significant progress towards the launch of our new health system,” Beaumont Health Council Chairman Julie Fream said in a statement. “Beaumont Health and Spectrum Health each have strong operations. We are excited to combine the best of both parties as we create a new health plan that is For Michigan, About Michigan. ”
The new health plan will be chaired by a 16-member committee and is briefly called the BHSH Program. The final name will be chosen after the merger is completed, which can close this fall following process approval.
A news release from Spectrum and Beaumont describes the venue of the new program as follows:
- Health promotion and health equity: Provide exclusive, balanced care and service to all patients and mental health members will always be at the center of the new program work.
- Improving user experience: Making the experience easier for patients and members will include investing in new digital technologies and providing services in more convenient ways such as virtual and home care.
- Improving health care quality, value and outcomes: Creating a new health plan, which includes Primary Health Care, will allow for growth and investment in innovation initiatives that improve health and the environment for all Michiganders.
- Making health care more affordable for the communities we serve: Increasing the capabilities of Spectrum Health and Beaumont Health will improve performance and deliver tolerance, quality care and community throughout the state.
- Confirm what team members and doctors have heard: Receiving the input of doctors, nurses and other team members close to patients will be crucial to appreciating the mission and vision of the new organization. The new team will also develop a culture that attracts and maintains high-quality health professionals to live and work in Michigan.
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