Henry Ford Health System-Michigan State University Health Sciences

What it reported doing in 2024

Since solidifying national institutes of health (nih) recognition as an aligned organization in november 2022, henry ford health + Michigan state university health sciences is accelerating discoveries to transform life. Our research is focused on creating breakthroughs that lead to prevention, early detection, diagnoses and treatments that improve health and wellness.creativity and possibilities multiply when researchers from renowned institutions come together. With our collaboration, one plus one becomes much more than two.together, we strive to support further global understanding and advancements in areas that directly impact our communities in Michigan and beyond. Our primary focus is bringing together research and clinical applications to create a national and international destination for access to the most advanced cancer therapies and research. In 2024, we are expanding our partnership focus areas, developing affinity groups and continuing to strengthen our collective impact in: neuroscience cardiometabolic health women's health immunology imaging musculoskeletal health population health precision healthin june 2024, henry ford health, Michigan state university, and community leaders celebrated the groundbreaking of the 335,000-square-foot henry ford health + Michigan state university health sciences research center in detroit's new center neighborhood. The $335 million research facility is scheduled to open in 2027 and will be the first physical materialization of the 30-year partnership signed between the two Michigan institutions in 2021.advancing research: for more than a century, henry ford health has embodied clinical research expertise, introducing the newest therapies for patients. Msu, an academic powerhouse for more than 150 years, has renowned strength in basic research. Together, we are bringing medical discoveries from bench to bedside.our world class research facility in detroit, set to open in 2027, will further fuse basic and translational research, serving as an epicenter for innovation and discovery.combatting cancer: we are bringing together research and clinical applications to create a national and international destination for access to the most advanced cancer therapies and research. A key focus is closing the gap in health care outcomes for individuals with cancer based on race, ethnicity, gender, and socioeconomic status.partnership investments in cancer research include nearly $3 million in seed funding and integration grants to cultivate collaboration, with the ultimate aim to blaze a path to innovative clinical trials.evolving education: we are working together to prepare the next generation of physicians and nurses to care for patients. We have introduced a new msu college of human medicine campus at henry ford hospital in detroit, expanded msu college of nursing programs throughout the health system and worked to further strengthen our long-standing msu college of osteopathic medicine partnership.clinical integration: the henry ford + msu partnership took another step forward with the signing of a master services agreement (msa), effective jan. 1, 2025. The msa solidifies the future of a meaningful integration of clinical services, including expanding the scope of services, improving access to quality care for Michigan residents and implementing best practices.the henry ford medical group, a nationally respected team of more than 2,800 providers and researchers, is providing the operational and financial expertise to help achieve these goals through shared leadership with msu. Msu health care is adopting henry ford health's established systems, leveraging economies of scale, accessing their vendor networks and utilizing their expertise.strengthening detroit: a strong commitment to the city of detroit is at the heart of this partnership. As leaders in advanced research and medical education, complex care and precision health, population health management and value-based care, henry ford an

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 2 of 7 controls in place; rating input score 29
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -2,901.9%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
• Liabilities to assets ratio: 0.81; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

• Program expense growth: 12.2% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 45.5% per year; rating input score 100; 96th percentile among comparable filings
• Asset growth: -13% per year; rating input score 0; 5th percentile among comparable filings