The Henry Ford Health System (HFHS) is a 501 (c) (3) non-profit healthcare organization with eight hospitals, numerous medical centers and one of the nation’s largest group practices, the Henry Ford Medical Group with more than 1,200 physicians practicing in over 40 specialties. With more than 30,000 employees, HFHS is one of the largest employers in the Detroit metro area.
The most recent IRS Form 990 (2017) reports HFHS spends less than the organization receives (in 2017, the organization reported $3 billion in revenue but spent just under $2.9 billion in revenue leaving $100 million added to the fund assets, which had a net fund balance at year-end of $918 million, up from $766 million at the beginning of the year). As with most health care systems, there are numerous non-profits (foundations and other organizations) that are affiliated with HFHS. This post addresses the primary organization, HFHS. Read more