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- Welcome to the Becker's
Healthcare Podcast.

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We are at Becker's are excited

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to welcome more than
2,500 healthcare execs

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to Chicago next April
for our annual meeting.

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Over the four day event,

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you'll hear more than 450 elite hospital

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and health system execs.

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Share the big ideas and best strategies

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driving healthcare forward.

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Visit conferences dot
becker's hospital review.com

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to register or email agenda
team at becker's healthcare.com.

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This event is close to non-providers.

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Unless coming through a sponsorship

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or exhibit, reach out
soon to sponsor the event.

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We will be sold out by
the end of the year.

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Here's your daily industry news briefing

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for today, December 18th.

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First, Walgreens Village MD
will exit the Indiana market

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and close a dozen clinics in
the state in January, 2024,

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which is in line with the majority

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owner's cost reduction plans.

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A spokesperson for the
company told Becker's, quote,

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after careful consideration

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and analysis, we have made the decision

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to exit the Indiana market.

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We're committed to helping our
teams during this transition

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and we are working diligently
to care for our patients.

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During this transition. Village
md, which is majority owned

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by Walgreens Boost Alliance,

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had opened new sites in Indiana
Dub Village Medical in 2021.

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The market exited in
line with Walgreens plan

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to cut at least $1 billion in
costs announced in October,

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which will involve moving
Village MD out of a handful

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of markets and the closure of

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around 60 clinics in physical 2024.

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As we exit these non-strategic markets,

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our long-term focus will be
achieve achieving density in

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those regions with the greatest potential

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to drive future profitability growth,

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and where we can best serve patients

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with our consolidated sets of assets.

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And quote John Driscoll,
executive VP and Bryce

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and president of US Healthcare
at Walgreens said about the

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cost cutting efforts in the fall.

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Village MD is in 26
markets with 680 locations

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with many practices located
next to Walgreens pharmacies.

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It completed its $8.9 billion acquisition

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of Physician Practice Group
Summit Health in January, 2023,

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aiming to create one

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of the largest independent
provider groups in the country.

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Village MD's Market exit
may come in multiple forms,

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including sales and hybrid equity

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arrangements, the company noted.

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Second, the coordinating center

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of the Augmented Intelligence and Medicine

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and Healthcare Initiative

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by Kaiser Permanente is
funding five healthcare

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organizations research Progre
projects focused on using AI

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and machine learning algorithms.

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Recipients of the grants
backed by funds from the Gordon

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and Betty Moore Foundation
are receiving up

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to $750,000 according to a
news release from Kaiser.

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Here are some of the organizations
receiving funding from

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Kaiser Parkland Health,

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the Smit Heart Institute at
Senior Sinai Medical Center.

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Emory University Central de

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LA did La Cida de Sanrio

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Vanderbilt University Medical Center.

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Third, while Span Health is
using a $1.5 million donation

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to launch a new nursing innovation unit.

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Philanthropist Jean and Ed
Arnold donated the money

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and the innovation unit
will be named after

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- Ms. Arnold.

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The center will include
professional development

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opportunities, innovation
and research opportunities

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and clinical practice according

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to a news release from WellSpan.

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Are you interested in engaging
in dynamic conversations

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with hundreds of top
health system executives

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and gaining valuable
insight for your business?

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Join the 300 plus sponsors

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and exhibitors at the Becker's
14th annual meeting April 8th

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through the 11th in Chicago.

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Email Jessica Cole at j cole
at becker's healthcare.com

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to reserve your spot today.