What were the hot topics at J.P. Morgan 2023? Here to discuss is Rob DeMichiei, Board Director, Strategic Advisor and Former CFO. Advent, Baylor Scott & White, CommonSpirit and Ascension all shared their “structured cost reduction initiatives”. We’re talking reductions in the hundreds of millions of dollars. How do labor costs tie into this? Have we reached the peak? Whatever the case may be, premium pay is now an embedded cost that's not going away. Equity and inclusion and value-based care have also become an embedded discussion. How daunting is the complexity of healthcare today? Intermountain’s presentation on their 50 year journey from fee for service to value based care gives us a big clue.

Key Points:
Health-care pricing doesn't work
There’s an operational trend towards integrated call centers
Walgreens and CVS both have strategies around significant acquisitions of physician groups
https://www.healthcatalyst.com/

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers - https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/. Only available LIVE!

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Today on TownHall Jake Lancaster, Chief Medical Information Officer at Baptist Memorial Health Care talks with Mark Zhang, Associate CMIO at Brigham and Women's Hospital and Medical Director at Brigham Digital Innovation Hub about the emerging technology extended reality. In this episode they discuss how Mark came to found the American Medical Extended Reality Association (AMXRA). How will its existence along with similar organizations be important to the future of the technology? How are healthcare organizations using extended reality technologies and what is next for it? What process did Mark use to research the XR space to create an XR club within his organization?

You can listen to Mark’s previous episode on TownHall here: https://thisweekhealth.com/captivate-podcast/jake-lancaster-and-mark-zhang-on-brigham-and-womens-hospital-informatics-and-digital-innovation-hub/

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers. Only available LIVE!
https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/

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Today on TownHall Reid Stephan, VP and CIO at St. Lukes talks with Ray Lowe, SVP & CIO at AltaMed about FQHCs and how AltaMed has utilized technology to increase access to care. As a former rocket scientist, does Ray see Healthcare IT as harder or easier than rocket science? What are FQHCs and why are they important? How is Ray using technology to deliver on the quadruple aim and to make sure there are viable margins?

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers. Only available LIVE!
https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/

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David Ting, Founder and CTO of Tausight joins Bill for the news. There’s lots of challenges financially within health systems. What did the J.P. Morgan Conference uncover? What is the financial state of healthcare today? Is healthcare out of the recession? What should health system CIO's be focused on right now? Ascension posted a big net income gain to $1.8 billion. CommonSpirit is limiting expansion in a bid for positive cash flow after recent struggles. Plus what are the classic blunders in the digitization of medical devices and how can we avoid them?

Key Points:
A lot of CIOs are talking about shrinking budgets
Have we hit rock bottom? Or is the economy on the upswing?
If you don't take care of your existing staff, you're going to have to get really good at finding people
https://www.tausight.com/

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers - https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/. Only available LIVE!

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What does the role of CTO for the federal government entail? This position provides a one-of-a-kind perspective on healthcare in the United States. Aneesh Chopra, previous holder of this position and current President of CareJourney, joins us to discuss fiscal policy, and how the C-suite might consolidate and build to scale. What are the tech trends and people trends for 2023? What’s going on in the markets, and how can CIOs grapple with growth and cost savings optimization?

Key Points:
CEOs are now looking for product development from their CIO
Innovation is taking all the things that you have and doing something new
What CIOs need to know and understand about bulk FHIR
https://carejourney.com/

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers - https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/. Only available LIVE!

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Today on TownHall Linda Yang, CIO, talks with Erin Osbourn, Former CIO for the NY Hotel Trades Council & Hotel Assoc. of NYC Employee Benefit Funds about how her team supported the organization and the effects on the organization by the critical period of the pandemic. What were some of the unexpected impacts of the pandemic that she saw? How did the pandemic affect team members? What are her thoughts on the evolution of the access and delivery of healthcare towards a more holistic approach?

Register now for our February 2nd webinar: Priorities for 2023. A CIO Discussion with Academic Medical Centers. Only available LIVE!
https://thisweekhealth.com/leaders-series-cio-amc-priorities-for-2023/

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