NonprofitsCorewell Health

Health Care

Corewell Health

GRAND RAPIDS, MI

Total revenue

$440.8M

Total expenses

$383.2M

Net assets

$230.1M

Grants received

$1.7M

12 grants

EIN

381426919

Tax year

2020

Mission

Commitment to excellence and quality in the delivery of personal and compassionate health care.

Programs

2 programs

The hospital's mission extends beyond its campus where it is a leader in providing outpatient health care services to all members of the community, including Medicaid patients, under-insured patients and patients without insurance.In 2020, the Hospital recorded 133,063 outpatient ancillary visits.In March of 2020, Covid-19 began to take full-effect in the United States and Michigan. This now global pandemic has led to many challenges and changes in the healthcare industry as a whole. Some specific actions and programs that Beaumont Health put into place include: Strategic critical inventory management, including tracking of global production trends of vital equipment, purchasing, and stockpiling, standardization of equipment, such as ventilators and management of cardiac monitors, HEPA units, IT and facility infrastructure, etc. Activation of various pandemic protocols including the 24/7 Corporate and Site Emergency Operations Centers (EOCs). Continued EOC communication with interdisciplinary site leaders throughout the System. Developed EOC Data Dashboards for access to all leaders. Evaluation and re-deployment of labor pool activities including Beaumont Medical Group and Ambulatory staffing resources to support hospitals during surge events. Coordinated with Local, State, and Federal governmental departments to assist with all public health initiatives, coordination of patient care, and tracking and transmission of Covid-19 data.Beaumont Health also implemented various community programs and initiatives to help lead the way during the Covid-19 pandemic response for the communities it serves. These programs included: Covid-19 hotline to provide information and support Curbside screening and testing sites Developing improved and altered standards of care in response to the latest Covid-19 guidance. Implementing Infection Prevention Activities such as visitor guidance/restrictions, enhanced security and crowd control management, and disseminating urgent information to providers, staff, and visitors. On-lining of community/employee vaccine clinics near the end of 2020.Implementation of the above programs and protocols, along with near-unprecedented changes in patient volumes and the types of care and procedures that were available, has led to various changes in Beaumont Health's financial metrics. As the pandemic continues, Beaumont Health will move forward in providing compassionate, extraordinary care every day.

Expenses: $186.2MGrants: $5.3M

The Emergency Care Center at the Hospital is staffed and equipped to handle the most severe illnesses and injuries as well as minor traumas that require medical attention.The Hospital's ability to care for critically injured patients sets it apart from other area hospitals. The Hospital is verified as a Level II trauma center by the American College of Surgeons and meets rigid standards for patient care.The Hospital treated 52,154 individuals in its emergency center in 2020. The Hospital provides these medical services regardless of a patient's financial circumstances.In March of 2020, Covid-19 began to take full-effect in the United States and Michigan. This now global pandemic has led to many challenges and changes in the healthcare industry as a whole. Some specific actions and programs that Beaumont Health put into place include: Strategic critical inventory management, including tracking of global production trends of vital equipment, purchasing, and stockpiling, standardization of equipment, such as ventilators and management of cardiac monitors, HEPA units, IT and facility infrastructure, etc. Activation of various pandemic protocols including the 24/7 Corporate and Site Emergency Operations Centers (EOCs). Continued EOC communication with interdisciplinary site leaders throughout the System. Developed EOC Data Dashboards for access to all leaders. Evaluation and re-deployment of labor pool activities including Beaumont Medical Group and Ambulatory staffing resources to support hospitals during surge events. Coordinated with Local, State, and Federal governmental departments to assist with all public health initiatives, coordination of patient care, and tracking and transmission of Covid-19 data.Beaumont Health also implemented various community programs and initiatives to help lead the way during the Covid-19 pandemic response for the communities it serves. These programs included: Covid-19 hotline to provide information and support Curbside screening and testing sites Developing improved and altered standards of care in response to the latest Covid-19 guidance. Implementing Infection Prevention Activities such as visitor guidance/restrictions, enhanced security and crowd control management, and disseminating urgent information to providers, staff, and visitors. On-lining of community/employee vaccine clinics near the end of 2020.Implementation of the above programs and protocols, along with near-unprecedented changes in patient volumes and the types of care and procedures that were available, has led to various changes in Beaumont Health's financial metrics. As the pandemic continues, Beaumont Health will move forward in providing compassionate, extraordinary care every day.

Expenses: $30.1MGrants: $854K

Financials

FY 2020

Revenue

Contributions & grants$10.2M
Program service revenue$404.7M
Investment income$9.0M
Other revenue$17.0M
Total revenue$440.8M

Expenses

Grants paid$10.5M
Salaries & benefits$145.3M
Fundraising
Other expenses$227.4M
Total expenses$383.2M
Total assets$342.1M
Net assets$230.1M

People

26 listed

NameRoleCompensation

Julie Fream

Vice Chairperson

Board

2 hrs/wk

Martha Quay

Director

Board

2 hrs/wk

Robert Williams MD

Director

Board

2 hrs/wk

Ronald Hall Jr

Director

Board

2 hrs/wk

Stephen Howard

Vice-Chairman

Board

2 hrs/wk

John Fox

President & CEO

Board

2 hrs/wk

Timothy O'Brien

Director

Board

2 hrs/wk

William Goldsmith

Director

Board

2 hrs/wk

John Kerndl

EVP & Chief Financial Officer

Board

2 hrs/wk

Thomas Saeli

Director

Board

2 hrs/wk

David Wood MD

Director

Board

2 hrs/wk

Harris Mainster DO

Director

Board

2 hrs/wk

John Nemes

Secretary / Treasurer

Board

2 hrs/wk

Christopher Blake

Director

Board

2 hrs/wk

Geoffrey Hockman

Director

Board

2 hrs/wk

Gerson Cooper

Director

Board

2 hrs/wk

John Lewis

Chairman

Board

2 hrs/wk

Richard Gary Herman

Physician

Staff

$878K

50 hrs/wk

David Gowman

Physician

Staff

$795K

50 hrs/wk

Anthony Lutz

Physician

Staff

$732K

50 hrs/wk

Scott Searing

Physician

Staff

$710K

50 hrs/wk

Eugene Laveroni

Physician

Staff

$615K

50 hrs/wk

Constance O'Malley

Former Key Employee

Staff

$527K

48 hrs/wk

Paul LaCasse

Fmr EVP Acute Care&Diver Bus

Staff

$521K

0

Michael Rebock

CMO

Staff

$243K

50 hrs/wk

David Claeys

President - Dearborn & FH

Staff

25 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$26K
TO SUPPORT EXEMPT PURPOSE
2024
$944K
TO SUPPORT EXEMPT PURPOSE
2023
$10K
Patient Support
2023
$100K
RESPIRATORY EQUIP
2022
$49K
GENERAL ASSISTANCE
2022
$25K
SUPPORT BOTSFORD HOS
2022
$207K
GRANT PASS THROUGH
2021
$122K
RESPIRATORY EQUIP
2021
$92K
RESPIRATORY EQUIP
2020
$86K
GRANT PASS THROUGH FOR COVID-19
2020
$55K
General Assistance
2020
$17K
GRANT PASS THROUGH FOR COVID-19
2019

Funded by

$1.7M from 5 funders · 12 grants · 2019–2024

Beaumont Health Foundation

$1.1M · 4 grants · 2020–2024

Detroit & Wayne County Tuberculosis

$313K · 3 grants · 2020–2022

Michigan Health & Hospital Association

$310K · 3 grants · 2019–2021

Zieger Health Care Corporation

$25K · 1 grant · 2022

American Cancer Society Inc

$10K · 1 grant · 2023

Details

EIN381426919
NTEE codeE21
Subsection03
Ruling date2014-03
Formed1944
Employees3570
Volunteers262
COREWELL HEALTH — Mission, Financials & Grants Received | Grantivo