This Week Health

HLTH, CHIME, HC2HC – Three Events 4 Weeks, Here’s My Recap

Three conferences in four weeks, what did I hear, what was the flavor of each event. Today a recap of the journey.

Transcript
Bill Russell:

Today in health, it we're going to do a conference recap. We've been doing conference shows for the last couple of weeks. And today I'm going to give you a recap of. Some of the things that I'm thinking, some of the things that I think were key to that, I'm also going to give you a little update of what we're going to be doing next year. My name is bill Russell. I'm a former CIO for a 16 hospital system and create, or this week in health, it. I channeled dedicated to keeping health it staff current and engaged. All right before we begin a couple of things. One. I wouldn't be doing no shows next week. So the week of Thanksgiving, I'm not going to be doing any shows and I'm going to be taking a pretty long production break in December. So I will be doing. Shows through the end of this week. I'll probably be doing shows the first week of December, and then we'll be taking off through the end of the year before we take off again on January. I think it's third is the Monday this year and we will start up again. We've done about 200 and. I don't know, 240 of these shows. We've only taken off for holidays and one day, which I was in the hospital. So this is a lot of fun to do this show. But it's also a lot of work to get up every morning at five 30 and record these. So I wouldn't be taking about a three-week break at the end of December. From this show, but not from the. This week show or the news day show, you're going to still be hearing episodes of that through the end of the year. All right before we begin, I wanted to share an exciting announcement for this week in health. It starting in 2022. We're going to be launching two new podcast channels to bring our community more specialized content. And it's content that's very specific to your needs. Our channel will now include our news channel, which is this channel that you're listening to, but we're also going to take the news day show and drop it into this channel. We're going to have a new channel called community. A channel called academy. And a channel called conference. Let me give you an idea of what that's gonna look like. We will have four different channels on iTunes and Google play and the rest that you can subscribe to and each one will have a specific feel to it. The news channel obviously is this one, and it's about staying up to date on what's going on. It'll include these shows where I talk about a specific news story. It will also include the news day show. Where we have about an hour. Where I have other people on the show and we talk about what's going on to the news. So you get different perspectives on the news. The community channel is something I'm really excited about. We have invited guest hosts to come on and record with people from their network. And our hope there is to get deeper into the topics that are top of mind for you. Security, clinical informatics data, AI digital, you name it. But it's not only going to be me. It's primarily going to be guests hosts and we've already started those invitations and we have a couple of people lined up. If you think you would be good for that, please let me know bill@thisweekathealthit.com. All right. So that's the community channel and we are looking forward to that. That's gonna be fun. The academy channel. This is really what we consider to be it university. This is where you have somebody coming on board and you want to ramp them up as quickly as possible. We are going to take excerpts from our show over the last five years. The highlights and we are going to put out three shows a week in what we call the insights. Show within the academy channel. There will be other shows within that education sphere, the academy sphere. But we're starting with a show called insights, three episodes a week. Highlights from our shows over the last five years. If you have somebody who's new to health, it, somebody who's looking to come up to speed somebody who's who you're looking to develop and train and those kinds of things. This is a great channel for them. They're about 10 minutes long each. And a again, highlights from our show. So we've had some amazing guests with great insights. And we want to bring some of that content back. Into the consciousness. For discussion and keep that moving. And then the conference channel. A lot of us get on planes. We travel thousands of miles to go to a conference, to interact with people, to hear. Keynote speakers. To learn about new products and those kinds of things. That's what the conference channel is going to be about. We're going to do those long form interviews. We're going to call that show keynote, moving forward. We have solution showcases where we highlight the products that are interesting and coming forward. We're also going to have briefing campaigns on specific topics and those kinds of things. So that is what we're going to be doing next year for channels. For this week in health, it. And we are very excited about it. You're going to be able to subscribe starting on Monday of next week. You can subscribe by visiting us at this week. health.com/shows a page, which I have not developed yet, but will be developed by Monday for you to go out there and subscribe to these shows. All right. So here's what I wanted to do over the next couple of days. I wanted to give you a conference recap. I was asked at the end. Of the healthcare to healthcare event. To address the CEO's in the room and talk to them about my last four weeks. I was at the health conference, the chime fall forum. And the healthcare to healthcare. event And. What I did is I did a rundown of each event, what the flavor of that event was. And then I went into the top five things that were top of mind for the CIO. I'm going to save the top five things until the first week of December. And I will break those out. Probably those will be the last five shows I do. For the year. And I talk about each one of those five things in detail. If you want to know what the five things are, that are top of my, for health it executives. One is labor. Number two is cyber security. Number three is all things. Digital. Number four is automation. Number five is care venues. And I did it that quickly just to wet your appetite and you'll have to come back the first week of December to hear me break out each one of those. And what I heard and why it's top of mine. For today, let's go through the conferences. In a little bit of detail. The first conference I went to was the health conference. H L T H. However you want to say that. The name of that conference, I call it the health conference. It was in Boston. It was really well done. As I've talked about before. I just have a few notes from that conference. The first is there's an awful lot of money chasing health tech at this point. The this is the conference where innovators go, where a startups go. A lot of what happens here is you have the innovators meeting with the money people. And having conversations. It's also a place to be if you're trying to get awareness. Of what you are doing in healthcare. A lot of great talks from a front. Some of the ones I will highlight. Are in some of the companies I'm going to highlight for what they said. I'm not going to go into all the individual startups. There was a great. Solutions there. And that, that would take a week to talk about all those different things. So let me just give you an update on three companies. I think really really caught my eye and continue to catch my number one is Walmart. The Walmart presentation was exceptional. And continues to be exceptional. In terms of their approach, they've been in healthcare since 1978. And I think they, them at dollar general and CVS. These are the companies that are going to give us inroads into addressing some of the gaps in rural health. And they had a great message, a great offering in that space. The second is transparent. Anytime I get together with Glen Tullman, I'm really impressed. With how they are addressing the challenge that employers face. With regard to, to Providing care for their employees. The solution is elegant. It is smart. It is well thought out. It is. It's going to be interesting to watch and that's one to keep an eye on. The final one to keep an eye on. And I highlight these three for a reason. One is the audience for the show is primarily healthcare providers. And I believe Walmart is a, it, Walmart is a partnership opportunity. I believe transparent is a partnership opportunity and I believe best buy being. The third one is a. Partnership opportunity. As we've talked about on the show before they have bought a lot of devices, a device companies, medical device companies. They see themselves as really fixing. The last mile of healthcare into the home. And they're very good at it. They're extremely good at setting things up in the home, Ella. Electronics and technology in the home and all the things that entails a great partnership opportunity. Instead of trying to build that out for any health system. The final thing I'll know from the health conference is Every. Almost every presentation started with some facsimile of this. We are this company, I'm the CEO of this company and we have 120 open positions. We have 110 open positions. We have 105 open positions. There is serious competition for labor, especially in this health tech space. And it is only going to get tighter. And that's why it's the number one issue. I believe that's top of mind for all of you. Second conference was chime fall forum. Let me give you a couple of things that I learned from there. A lot of conversations, obviously we recorded 10 of them and shared them on this channel, but the. The thing I would say is the pandemic impact continues to be uneven. There is a growing haves and have nots in healthcare. Those organizations with the funds to do all the things they need to do, and those without the funds to do the things that they need to do. There's a drive to do more with less. In terms of. Not only funding, do more with less money, but also do more with less people. There's a staffing shortage that's going on in healthcare, in it and in nursing. And. Those two shortages are creating a challenge. For health systems and we'll continue to create a challenge for health systems. And so that is another thing that I picked up in the conversations. The other thing I'll say is digital. Everybody has a digital story. What they've done with chatbots, what they've done with scheduling, what they've done with digital front doors, what they've done with just a host of things. That people are doing a digital initiatives of bound and health system leaders are excited about those things. And pushing them forward. That's one of the, one of the benefits of the pandemic is we made a lot of progress very quickly. And there's a recognition that we are going to continue to move at that pace or need to move at that pace. And so the money is going to certain areas. Really easily and that's one is security and the second is digital initiatives. And so we're seeing a lot of progress in that space. The final conference I went to was the healthcare to healthcare. Event, which was a serious invite only event, about 15 CEOs in the room. Interesting conversation. The first takeaway for me from that was clinical automation. And we heard from a company called the artist site. I interviewed their CEO on the show. Clinical automation is interesting to me. It's one of the areas in automation that we've stayed away from. We've done all the administrative stuff. We continue to really look to fine tune the administrative, but the clinical automation has a lot of promise, especially in this age. Where we have a nurse. Shortage. So that's going to be something to keep an eye on. A lot of CEOs are worried about this erosion of culture due to remote work. And I know that some people are going to Hal and go, oh my gosh, I can't believe, the old stodgy. CEO's eye. I'll put me in that category of old stodgy, CIS, I was a walk around, talk to people, kind of manager. And I would have to learn all sorts of new methods and approaches. In order to do remote work. Also keep in mind that no matter how remote you make healthcare, 50% or more of your employees are always going to be on site. So it is going to have to be a dual kind of environment. And building culture in that environment takes a lot of effort, takes learning some new tricks, and that is going to be a challenge for many leaders. The other statistic I heard multiple times during my trip was 3 million women have left the workforce during the pandemic. This is I think part of the nursing shortage, but it's also. Going to be a challenge for us moving forward. In terms of having diversity of thought, having a different approach, having representation of women in the decision-making. As we know, women make a majority of the healthcare decisions in the United States and not having them present. In the healthcare ecosystem to help to guide the direction in the future. Both from a business side and from a clinical clinical side, as well as a technology side. Is going to be a significant loss. And I think that will lead to us being more creative in terms of how we bring women back into the workforce after the pandemic. And then finally, There's, we are making significant progress on cybersecurity, but there's a feeling and this is just my personal, that they are still winning the cybersecurity battle and that they is. The opponents they're getting in some of them are widespread and very debilitating kinds of attacks that take health systems down for. Mo for a month or so, and those get written up and we all hear about them and those are highly publicized. But there's a lot of other events where people get in a, they are milling around our network. And it's maybe not as broadly publicized because they're not taking the health system down, but they are wreaking havoc and we're still not winning this battle. There's still a long way to go. And a lot of work. To do in that area. So that's my, that's the recap of the Of the conferences again, I'll come back. In in a week following the Thanksgiving vacation and I'm going to go through the top five top of mind issues for health. It execs. And we will break each one of those down individually and talk about each one of those. So that is all for today. If you know someone that might benefit from our channel, please forward them a note. They can subscribe on our website this week, health.com or wherever you listen to podcasts, apple, Google, overcast, Spotify, Stitcher. You get the picture. We are everywhere and we hope to be even more places in 2022. We want to thank our channel sponsors who are investing in our mission to develop the next generation of health leaders. VM-ware Hill-Rom Starburst advisers, McAfee, and Aruba networks. Thanks for listening. That's all for now.

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