- Welcome to the Becker's Healthcare Podcast.
We at Becker's are excited
to welcome more than 2,500 healthcare executives
to Chicago next April for our annual meeting.
Over the four day event,
you'll hear more than 450 elite hospital
and health system executives.
Share the big ideas
and best strategies driving healthcare forward.
Visit conferences dot becker's hospital review.com
to register or email agenda team at becker's healthcare.com.
This event is closed to non-providers.
Unless coming through our sponsorship or exhibit.
Reach out soon to sponsor the event.
We'll be sold out by the end of the year.
Without further ado,
here's your daily industry news briefing for today.
December 20th. First, Sashi Moodley,
chief Medical Officer at Walgreens Health said he predicts
the healthcare industry will make a strategic shift toward
value-based care models.
In 2024, quote, I predict increased adoption
of value-based care models.
He told Becker's the increasing emphasis on improving
patient outcomes while simultaneously controlling costs
creates pressures to evolve the traditional fee
for service model as payers accelerate their demands to pay
for outcomes and not promises.
Dr. Moodley also said he predicts risk-bearing entities will
seek to form deeper strategic partnerships
and reduce reliance on coordinating multiple
vendors and solutions.
Specifically, health systems will look
to enter value-based care models to continue
to improve patient outcomes
and diversify their revenue streams,
while also seeking strategic partners like Walgreens
to help alleviate labor shortages, rising costs,
and other operational issues.
Coming out of the COVID-19 pandemic.
Second verily, the Life Sciences unit owned
by Google's parent company,
alphabet is losing its Chief Medical Officer,
Amy Abernethy, chief Medical Officer
and president of product Development is leaving Verily
to lead a new healthcare nonprofit.
According to her LinkedIn, she wrote, quote, the decision
to leave Verily was difficult, but made easier.
Knowing that we are now actively building what only two
and a half years ago was a bold vision.
I am con, I am confident that the vision roadmaps
and plans are in place.
The team is awesome. The progress is astonishing.
At Veley, Ms.
Abernethy oversaw teams that developed
and delivered solutions that bridge the gap
between clinical research and care.
This comes shortly after Alphabet said in October
that it would be laying off an unknown number of employees.
At Verily third invitation,
a biotech company focusing on genetic testing laid off
15% of its staff.
As the company initiated a cost cutting plan at the end
of 2022, the company had laid off around 1700 employees
beyond the layoffs.
The company is also divesting from citizen, a med tech
- Platform for storing EHR data.
The company projects that the layoffs
and divers divers teacher will result in an annualized cash
savings of 90 million to a hundred million.
According to a news release from the company.
In its most recent financial report, that company
reported a $1.3 billion loss in the nine month period
ending September 30th.
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with hundreds of top health system executives
and gaining valuable insight for your business?
Join the 300 plus sponsors EXI
and exhibitors at the Becker's 14th annual meeting.
April 11th. April 8th through the 11th in Chicago.
Email Jessica Cole at jCole@beckershealthcare.com
to reserve your spot today.