This week Marschall Runge, our Executive Vice President for Medical Affairs and dean of the Medical School, was the featured speaker at the B&F leadership forum. Among many other topics, he shared the reasons for our health system’s recent name change to Michigan Medicine. Michigan Medicine combines clinical care with a world-class medical school and an enormous research enterprise, and the new name better reflects the combined strength and shared mission of these three areas.
Michigan Medicine’s recent affiliation with Metro Health, a hospital and several community health centers in Grand Rapids, is a great example of how B&F supports the lifesaving patient care our medical colleagues provide here and across the state. A number of Finance teams, including Financial Operations, our Tax Department, Treasurer’s Office and Risk Management all played crucial roles in ensuring the deal was successful. These efforts included mapping Metro Health’s general ledger accounts to U-M’s financial system, evaluating compensation policies, reviewing tax return reporting requirements, assessing Metro Health’s debt obligations and insurance program, securing financing, and many other important support services. Facilities & Operations also assisted with due diligence related to the Metro Health facilities and property.
Thanks to all of you, this new partnership is moving forward with great promise!
On a separate note, I want to give a shout-out to the team that organized the Liberating Structures workshop I attended last week. This wonderful set of tools is designed to include and empower staff at all levels to solve problems in creative ways—part of our strategic goal of creating a great place to work. We plan to offer the training regularly, and I highly recommend you check it out!
With much appreciation and gratitude,