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ICYMI: Michigan Business Beat | Brian Peters MHA - Details on Trending Healthcare Market Activity

Michigan Business Beat
November 2, 2023 12:00 PM

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Chris Holman welcomes back Brian Peters, CEO, of MHA, the Michigan Health & Hospital Association, Lansing, MI.
 

Watch Brian and Chris discuss MHA's reaction to the ongoing consolidation in the healthcare sector in the YouTube video shared below:

In the conversation, Chris looked to find out several things from Brian:

There was big news last week with an announced joint venture between Henry Ford and Ascension. It seems like hospitals have been in the news a lot in recent years related to hospitals consolidating into larger systems. What is driving these activities?

How does hospital and health system consolidation impact access to care, particularly for rural Michigan?

What are the benefits of hospital mergers and acquisitions? Do they lead to increased healthcare costs?

Do you anticipate we will continue to see more activity like this in the near future?

Anything else on this topic or coming up for the MHA that you’d like to share?

Henry Ford Health, Ascension Michigan Agree to Joint Venture

October 18, 2023
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Henry Ford Health and Ascension Michigan have signed an agreement to enter a joint venture that will bring together Ascension’s southeast Michigan and Genesys healthcare facilities and assets with Henry Ford’s. This will allow both organizations to advance the health of the communities they serve and improve outcomes, access and equity for all by establishing an integrated network focused on population health and community initiatives that support the region’s most vulnerable populations, as well as innovation, academic medicine, and advanced, complex care.

“Together we can expand healthcare services and deliver innovations in care — from prevention and early detection through the treatment of complex conditions — to more people and communities across our state, including those who are most vulnerable,” said Robert Riney, President and CEO, Henry Ford Health. “We share a deeply-rooted dedication to providing world-class healthcare that everyone deserves, regardless of geographic, demographic, or socioeconomic status.”

“We are united in our shared values, cultures, and commitment to those we serve,” said Carol Schmidt, FACHE, Senior Vice President, Ascension, and Ministry Market Executive, Ascension Michigan. “Together, we will make significant strides in improving the health of Michigan communities through unparalleled investments in critical community health initiatives, as well as contributing secure, high paying jobs and other related employment.”

The combined organization would employ approximately 50,000 team members at more than 550 sites of care across our region.

Ascension Michigan’s acute care hospitals that are included in the partnership are: Ascension Genesys Hospital; Ascension Macomb-Oakland Hospital, Warren and Madison Heights Campuses; Ascension Providence Hospital, Novi and Southfield Campuses; Ascension

Providence Rochester Hospital; Ascension River District Hospital; and Ascension St. John Hospital. All the acute care hospitals’ related sites of care will also be included, as well as Ascension Brighton Center for Recovery. All of Henry Ford’s acute care hospitals and other care facilities and assets, including Health Alliance Plan, will be included in the partnership.

Ascension Michigan’s southwest and northern hospitals — Ascension Borgess Hospital, Ascension Borgess Allegan Hospital; Ascension Borgess-Lee Hospital, Ascension Borgess-Pipp Hospital; Ascension St. Joseph Hospital, Ascension St. Mary’s Hospital and Ascension Standish Hospital — will remain valued members of Ascension’s national health ministry and continue to provide their communities with high-quality Catholic healthcare.

The expanded organization, slated to be branded Henry Ford Health, will remain headquartered in Detroit. It would be led by President and CEO Bob Riney and governed by a Board of Directors representative of both organizations. Both organizations are committed to working to maintain the Catholic identity of the Ascension Michigan facilities included in the partnership. Conversations on the future state of the Catholic identity of these facilities are ongoing.

Through a fully integrated healthcare delivery network, the joint venture would deliver exceptional performance in quality, safety, and service. This expanded care network will create greater opportunities to coordinate, grow, and adapt services and care settings to meet consumer needs in the new, post-pandemic normal – expanding access to care, lowering costs, and improving health outcomes.

“Patients across Michigan will have more access than ever to end-to-end healthcare services, from primary care through complex specialty care and procedures,” said Dr. Doug Apple, Chief Clinical Officer, Ascension Michigan. “Together, we will coordinate existing and expanded services to surround our patients with what they need to live healthy lives – with more options closer to home. By focusing on the creation of an integrated, streamlined healthcare journey, we can improve the consumer experience, improve care coordination, and provide superior value.”

By coming together, the combined organization would provide expanded career pathways and increased opportunities for career development and advancement at more sites and in more areas, as well as amplifying the capabilities of Henry Ford Health and Ascension Michigan to attract and grow top talent.

This joint venture is also designed to expand opportunities for healthcare providers, including significantly enhanced patient-centered care delivery models and improved care coordination through interconnectivity between patients, providers, and care management functions.

According to Dr. Adnan Munkarah, President, Care Delivery System & Chief Clinical Officer, Henry Ford Health, “The commitment of the new combined organization to clinical excellence, educational partnerships and research remains steadfast, as is the focus on continuing to advance research that has immediate clinical applications and will improve treatment and outcomes. Additionally, the expanded footprint created through this joint venture will allow Henry Ford Health to provide outstanding comprehensive medical care, train more physicians, nurses, and allied health professionals, at more sites, and in more specialties, across the communities we serve.”

The organizations are in the process of submitting the agreement to state and federal regulatory agencies for review and hope the transaction will close by summer 2024.

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Michigan Business Beat, hosted by Chris Holman, discusses economic development, new or unusual entrepreneurial initiatives, and successful business practices from different regions and industries around Michigan with a wide range of entrepreneurs and business leaders.

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