1 00:00:00,000 --> 00:00:01,925 - Welcome to the Becker's Healthcare Podcast. 2 00:00:02,585 --> 00:00:03,765 We at Becker's are excited 3 00:00:03,765 --> 00:00:06,765 to welcome more than 2,500 healthcare executives 4 00:00:06,765 --> 00:00:08,885 to Chicago in April for our annual meeting. 5 00:00:09,355 --> 00:00:10,525 Over this four day event, 6 00:00:10,525 --> 00:00:13,085 you'll hear more than 450 elite hospital 7 00:00:13,085 --> 00:00:14,325 and health system executives. 8 00:00:14,325 --> 00:00:16,445 Share the big ideas and best strategies 9 00:00:16,445 --> 00:00:17,525 driving healthcare forward. 10 00:00:18,215 --> 00:00:21,125 Visit conferences dot becker's hospital review.com 11 00:00:21,145 --> 00:00:24,885 to register or email agenda team at becker's healthcare.com. 12 00:00:25,355 --> 00:00:26,605 Without further ado, 13 00:00:26,665 --> 00:00:29,165 here's your daily industry news briefing for today. 14 00:00:29,175 --> 00:00:33,125 March 25th, first verily a healthcare 15 00:00:33,225 --> 00:00:35,885 and life sciences arm of Google Parent Company. 16 00:00:36,365 --> 00:00:37,805 Alphabet has cut jobs. 17 00:00:38,665 --> 00:00:41,365 The company has reorganized the operations 18 00:00:41,365 --> 00:00:43,645 of its immune profiler platform, 19 00:00:43,935 --> 00:00:47,085 which uses molecular profiling for drug development. 20 00:00:47,585 --> 00:00:49,325 Ley spokesperson told Becker's, 21 00:00:50,065 --> 00:00:53,245 the spokesperson emailed in a statement March 25th 22 00:00:53,245 --> 00:00:54,445 to Becker stating quote, 23 00:00:54,835 --> 00:00:57,165 this move is aligned with our portfolio. 24 00:00:57,785 --> 00:00:59,805 Reprioritization announced last year 25 00:01:00,425 --> 00:01:03,565 as Verily invest its resources to accelerate solutions 26 00:01:03,565 --> 00:01:05,525 that bridge the gap between care delivery 27 00:01:05,665 --> 00:01:06,845 and clinical research. 28 00:01:07,395 --> 00:01:09,285 This was a difficult decision to make, 29 00:01:09,625 --> 00:01:11,485 but we believe that it will best enable us 30 00:01:11,485 --> 00:01:13,885 to deliver on our precision health promise. 31 00:01:15,805 --> 00:01:18,165 Veley had previously laid off an unknown number 32 00:01:18,165 --> 00:01:19,365 of employees in October. 33 00:01:19,945 --> 00:01:22,365 The most recent round of job cuts was first reported 34 00:01:22,425 --> 00:01:23,645 by Business Insider. 35 00:01:24,585 --> 00:01:28,005 Second, CFOs have mixed opinions on 36 00:01:28,005 --> 00:01:30,005 how AI will affect the finances 37 00:01:30,005 --> 00:01:31,645 of their respective health systems. 38 00:01:31,955 --> 00:01:34,845 According to a report from the Healthcare Financial 39 00:01:34,845 --> 00:01:36,045 Management Association 40 00:01:36,225 --> 00:01:40,725 and eliciting insights, according to the report conducted 41 00:01:40,725 --> 00:01:44,085 with 135 health system CFOs, they said 42 00:01:44,085 --> 00:01:48,765 that CFO's pain points found that 39% of CFOs anticipate 43 00:01:48,765 --> 00:01:50,165 that AI will lower cost. 44 00:01:50,455 --> 00:01:54,325 While 27% said they will anticipate AI will increase 45 00:01:54,355 --> 00:01:57,565 overall, overall cost 34%. 46 00:01:57,585 --> 00:02:00,365 The effect said the effects of AI will be neutral. 47 00:02:01,535 --> 00:02:03,285 Third, Sacramento, 48 00:02:03,295 --> 00:02:06,805 California based Sutter Health opened an 11,000 square foot 49 00:02:06,805 --> 00:02:10,125 digital innovation center this month in San Francisco 50 00:02:10,385 --> 00:02:12,445 to develop new healthcare AI 51 00:02:12,665 --> 00:02:14,845 and remote patient monitoring platforms. 52 00:02:15,105 --> 00:02:17,845 The San Francisco Chronicle reported March 22nd, 53 00:02:18,705 --> 00:02:20,245 the 22 hospital system. 54 00:02:20,245 --> 00:02:22,525 Signed a seven year lease for the space in January 55 00:02:23,025 --> 00:02:24,885 and will bring its designers, developers, 56 00:02:24,885 --> 00:02:27,525 and engineers together with Bay Area AI 57 00:02:27,785 --> 00:02:29,765 and digital health firms to come up 58 00:02:29,765 --> 00:02:31,205 with new healthcare solutions. 59 00:02:32,115 --> 00:02:35,645 This is a long bet Chief Health CH Sutter Health Chief 60 00:02:35,645 --> 00:02:38,245 Innovation Officer Chris War told the newspaper 61 00:02:39,045 --> 00:02:42,485 products on development include in-home sensors including 62 00:02:42,485 --> 00:02:43,925 for the bed, stove, and refrigerator 63 00:02:43,925 --> 00:02:45,245 that track people's movements 64 00:02:45,245 --> 00:02:47,045 to determine when they're at risk for falling 65 00:02:47,665 --> 00:02:49,925 and AP to monitors, teens mental health 66 00:02:50,465 --> 00:02:51,485 and a digital program 67 00:02:51,535 --> 00:02:53,925 where hypertension patients keep tab on their 68 00:02:53,925 --> 00:02:55,125 blood pressure from the home. 69 00:02:55,985 --> 00:02:58,685 The center will also include a model hospital 70 00:02:58,835 --> 00:03:00,445 - Room of the future, complete 71 00:03:00,445 --> 00:03:02,125 with remote patient monitoring devices 72 00:03:02,585 --> 00:03:04,485 and an Apple genius bar type setup 73 00:03:04,485 --> 00:03:07,125 where patients can help the Sutter's Digital health apps 74 00:03:07,125 --> 00:03:08,245 according to the story. 75 00:03:09,345 --> 00:03:11,885 Are you interested in engaging in dynamic conversations 76 00:03:11,885 --> 00:03:13,805 with hundreds of top health system executives 77 00:03:13,985 --> 00:03:15,965 and getting valuable insight for your business? 78 00:03:16,555 --> 00:03:18,405 Join the 300 plus sponsors 79 00:03:18,405 --> 00:03:21,405 and exhibitors at the Becker's 14th annual meeting April 8th 80 00:03:21,405 --> 00:03:22,645 through the 11th in Chicago. 81 00:03:23,335 --> 00:03:26,205 Email Jessica Cole at j cole at becker's healthcare.com 82 00:03:26,205 --> 00:03:27,365 to reserve your spot today.