Dr. Cheryl Pegas reminds us why Walmart Health is such an important player in Health and Healthcare.
Today in health, it, we take a look at health conference
Speaker:day two up here in Boston.
Speaker:My name is bill Russell.
Speaker:I'm a former CIO for a 16 hospital system and creator of this week in health.
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Speaker:Alright, day two of the health conference.
Speaker:Let me give you a little of what happened today.
Speaker:So I did a lot of interviews today, so my day was stilted.
Speaker:I did go to a couple of the sessions, got to see the Walmart presentation,
Speaker:general session, got to see the.
Speaker:Cigna.
Speaker:Presentation.
Speaker:As well as the Mayo clinic presentation, but at the end of the day, I didn't
Speaker:get to a lot of general sessions.
Speaker:I did go to one breakout session.
Speaker:And that was, Glen Tullman and Jonathan Bush.
Speaker:And I won't go into that a little bit in, in a minute.
Speaker:And I did some interviews.
Speaker:So you will hear some of those later this week.
Speaker:I did talk to Mike McNamara.
Speaker:the president and CEO,
Speaker:from impact health the company that did all the.
Speaker:Screening for the conference.
Speaker:They did all the testing.
Speaker:And screening for the conference.
Speaker:And I thought it was a fascinating interview just to understand how they ramp
Speaker:those things up, who they're doing it for.
Speaker:They do it for companies like MGM grand, opening up Las Vegas.
Speaker:Again.
Speaker:They do it for states.
Speaker:They do it for large employers.
Speaker:And obviously they do it for conferences as well.
Speaker:And we had a really cool discussion, got some statistics from him on
Speaker:how that process really went down.
Speaker:They, process between four and 5,000 people.
Speaker:Onsite doing the COVID testing.
Speaker:And I thought the process was pretty good now.
Speaker:Granted there could have been more people there, but
Speaker:at the end of the day, it takes 20 minutes to process the test.
Speaker:So there's 20 minutes built in there and there's going to be a line of some kind.
Speaker:And, you just have to do that.
Speaker:I was making note to someone who said they didn't like the line that.
Speaker:My line took about 20 minutes, but the reality was if that line went
Speaker:any faster, they didn't have enough seats for us all to social distance
Speaker:and to sit appropriately apart.
Speaker:So at the end of the day, the line couldn't really go any faster.
Speaker:Anyway.
Speaker:And the line was actually interesting.
Speaker:Cause you met some people that you hadn't seen in a while.
Speaker:You had a great conversation and the 20 minutes.
Speaker:Seeing like three minutes.
Speaker:So I really enjoyed the process.
Speaker:Enjoy the conversation with Mike McNamara.
Speaker:Look forward to sharing that.
Speaker:With you.
Speaker:I talked to Derek Baird used to be with Avia and I had known Derek
Speaker:for a while and really appreciated the work that he did at Avia.
Speaker:He left there.
Speaker:And went to be the president of the north America operation.
Speaker:For sense, sign health.
Speaker:Another interview I did this morning.
Speaker:Interesting company in the data space.
Speaker:It's a pretty busy space right now.
Speaker:Very hot space.
Speaker:And we talk a little bit about that, about the competition in that space,
Speaker:and also making the transition from Europe to the U S so the set
Speaker:sign has a very large presence
Speaker:in the UK.
Speaker:Working with NIH and they are bringing those same capabilities over to the U
Speaker:S and we talk a little bit about that.
Speaker:So that's going to be.
Speaker:A good conversation as well.
Speaker:And then I did spend some time with Glen.
Speaker:Tullman talking about the Walmart announcement and it's
Speaker:an exciting announcement.
Speaker:And I think a precursor to a lot of other announcements that are
Speaker:going to be coming down the pike.
Speaker:You're going to hear that.
Speaker:Interview on Monday, I believe.
Speaker:I think I'm going to air that instead of a news day show.
Speaker:Because I'm not really gonna have time this week to record a new state show.
Speaker:So we will.
Speaker:Air that in its entirety.
Speaker:With regard to some of the other events.
Speaker:Of the day.
Speaker:So I thought one of the more interesting ones was Dr.
Speaker:Cheryl Pegas.
Speaker:She is with Walmart health.
Speaker:And I love how she frames things up a great communicator.
Speaker:One of the things you started off with was that.
Speaker:has been in healthcare since:Speaker:I think it's one of those things that just escapes us.
Speaker:We just don't even think about.
Speaker:But it's not oh my gosh, Walmart getting into healthcare.
Speaker:Walmart has been into healthcare.
Speaker:And this is why the business insider story.
Speaker:I just made me giggle when I saw that Walmart was getting out of
Speaker:healthcare and I thought that there's no way Walmart is getting out of
Speaker:healthcare and sure enough, it's not.
Speaker:And let me give you their perspective on this, because I
Speaker:think it's really interesting.
Speaker:She talks about.
Speaker:Affordable, accessible and human centered care.
Speaker:And one of the things that they focus in on is the fact that
Speaker:we're on 40% of health is based on social determinants.
Speaker:About 30% is based on personal behaviors, right?
Speaker:Our decisions that we make, and then 20% is actually clinical care.
Speaker:Which is interesting because, sometimes we forget that sometimes we put a
Speaker:lot of emphasis on political care.
Speaker:And forget that an awful lot of what goes on that impacts people's
Speaker:health is outside of critical care.
Speaker:And I'm going to paraphrase here so
Speaker:she was conveying her view of healthcare.
Speaker:And she said, my job is to make sure that people feel that accessing healthcare
Speaker:is as easy as planning their vacation.
Speaker:The focus is on access.
Speaker:We have to not stay in our private offices from nine to five, Monday
Speaker:through Friday, but we have to provide care the way people live.
Speaker:And sometimes people think about healthcare on Saturday afternoon.
Speaker:Go figure.
Speaker:And that's where Walmart comes in while we're, it has a couple of things going
Speaker:for them that are pretty interesting.
Speaker:One to me, is that.
Speaker:They're everywhere, right?
Speaker:Their stores are literally everywhere and she cites that 4,000
Speaker:of their stores are actually in medically underserved communities.
Speaker:And she said our people live in these communities.
Speaker:And part of what they do as an organization is they listen to
Speaker:their employees and what their employees are telling them.
Speaker:And one of the things she noted that I found interesting as well, was that one
Speaker:of the benefits that they have is people feel healthcare is accessible when they're
Speaker:talking to people that they recognize people from their community, people that
Speaker:are from the same demographic as them.
Speaker:And so they employ people in that community.
Speaker:They employ people to deliver care in that community.
Speaker:And when they come in, they're actually talking to their neighbors.
Speaker:And so that is one of the, I think interesting aspects of Wal-Mart's.
Speaker:Plan.
Speaker:The other aspect obviously is where else can you do so much
Speaker:around your health in one visit?
Speaker:And she drove that point home a couple times.
Speaker:I don't know if I have a specific quote in here, but it's, it is one
Speaker:of those places where you can go.
Speaker:And you can see a clinician.
Speaker:You can actually see a dentist.
Speaker:You can go to a pharmacy, you can get food that you need.
Speaker:You can get a durable goods and items that you need for health.
Speaker:There's just so much you can do in a single visit.
Speaker:And that is impressive.
Speaker:Again, I thought it was a really great presentation of
Speaker:why Walmart is in healthcare.
Speaker:And why Walmart is a player in healthcare.
Speaker:Now, do I expect Walmart to be standing up hospitals know?
Speaker:And she talks about that.
Speaker:We partner, we want to partner.
Speaker:We want to partner with long-term care facilities.
Speaker:We want to partner with people delivering care in the home.
Speaker:We want to partner with the local care communities, and it's one of the
Speaker:reasons that they selected epic as their EMR so that they can integrate
Speaker:into the larger healthcare ecosystem.
Speaker:Again, great conversation.
Speaker:Really interesting.
Speaker:I could talk about the Jonathan Bush and Glen Tullman presentation.
Speaker:It was brilliant.
Speaker:It was funny.
Speaker:It was engaging.
Speaker:It was interesting to think about what they're doing today in healthcare,
Speaker:what they have done in healthcare and what is possible in healthcare.
Speaker:These are two great storytellers and they did a phenomenal job in that presentation.
Speaker:I might go back to that another time.
Speaker:But in the interest of time, I do want to cover the fact that Sirius computer
Speaker:solutions, which serious health care is a part of an announcement was
Speaker:made today with the intent of CDW to purchase serious health care, which
Speaker:I think is a pretty big announcement.
Speaker:It'll be interesting to see how that plays out.
Speaker:I think this is just the nature of the fact that there's just a lot
Speaker:of money out there in the space.
Speaker:And I think we're seeing some of that money get put to use.
Speaker:In the form of consolidating assets in the industry.
Speaker:Sirius healthcare has a great reputation in the industry.
Speaker:And I'm not just saying that because they're a sponsor of the show.
Speaker:They have great talent within their organization.
Speaker:They hire great people and they have done great work within the industry.
Speaker:I know a lot of people have relied on them pretty heavily.
Speaker:For things like cybersecurity things like moving to the cloud, things like EMR.
Speaker:Hosting and disaster recovery planning amongst a million
Speaker:other services that they offer.
Speaker:So we're going to keep an eye on that one.
Speaker:We're excited about the potential and the possibilities there, and just
Speaker:wanted to make you aware of that.
Speaker:So that's all for today.
Speaker:Check back off and we're going to continue to post.
Speaker:Information on the health conference, different interviews, and maybe
Speaker:one more of these diaries.
Speaker:We have a whole day tomorrow, I'm going to be doing a bunch of
Speaker:interviews and more conversations.
Speaker:So I'll continue to share those.
Speaker:Into next week, leading up to the chime conference where we are going to do not
Speaker:a live Newsday episode with Drexel nigh,
Speaker:but an onsite recorded episode of Newsday.
Speaker:And I hope to have some of our friends from the industry stop
Speaker:by and join the conversation.
Speaker:I think that will be a blast.
Speaker:That's all for today.
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