Latest / Becker’s Healthcare Podcast / Scott Becker - The Most Important Trends Happening in Healthcare Today 3-9-26
Transcript
- 0:00This is Scott Becker with the Beckers HealthCare
- 0:03podcast.
- 0:04We're gonna talk today about several of the
- 0:06most interesting thoughts and trends in health care.
- 0:09We'll talk about some of the most interesting
- 0:11and encouraging things. We'll talk about some of
- 0:13the most alarming developments.
- 0:16We'll then touch on some of the most
- 0:17important developments.
- 0:19We'll discuss
- 0:20artificial intelligence,
- 0:22and we'll talk a little bit about government
- 0:24and health care. Finally,
- 0:26we'll answer the question somebody asked me, Do
- 0:28I think as an outsider in health care,
- 0:30meaning not a physician,
- 0:32not not a not a health care administrator,
- 0:36do I think the health care world is
- 0:37crazy or not? So so let's try and
- 0:40go through these five or six subjects, and
- 0:41I'll try and do so relatively quickly so
- 0:44I can get people in and out of
- 0:46this podcast in fifteen minutes.
- 0:48So the first thing, when I look at
- 0:50what's encouraging in health care,
- 0:53the first thing I see that's encouraging in
- 0:55health care is that over the last few
- 0:57years, we've expedited tremendously as a nation
- 1:01the way in which we're developing nurses, advanced
- 1:04practitioners,
- 1:05and physician assistants. We're now producing about 200,000
- 1:09nurses a year.
- 1:11Just a couple years ago, that seemed like
- 1:12an impossible number. That's done a great job
- 1:15to help fill the gap in the amount
- 1:17of nurses that we're creating a year.
- 1:19There could be some complaints about how quickly
- 1:22that's being done about the lack of experience
- 1:24some of the nurses, but all in all,
- 1:26I think this is a great thing that
- 1:27we've asked that we've accelerated this. In contrast,
- 1:31only about 23,000
- 1:33doctors a year start med school a year,
- 1:35so we've got this huge daunting difference between
- 1:37the amount of nurses we're producing and the
- 1:39amount of doctors we're producing.
- 1:41Second thing that's encouraging
- 1:43is cascading use cases
- 1:45with technology.
- 1:47More and more ways the AI is making
- 1:49a big dent on the administrative side, whether
- 1:52it's MBA and listening,
- 1:53whether it's revenue cycle,
- 1:55whether it's OR management,
- 1:58predictive analytics,
- 1:59lots of places we're seeing cascading use cases
- 2:02with technology and artificial intelligence.
- 2:05Third, lots of improvements in pharmaceuticals,
- 2:08in in streamlining the way in which people
- 2:11get their pharmaceuticals.
- 2:12Again, still lots of challenges for very challenging
- 2:15rare diseases,
- 2:16pancreatic cancer, brain cancer, still not a lot
- 2:19of progress, but, generally,
- 2:21continuing to fund research, we need more and
- 2:24more support of the National Institute of Health
- 2:27and research in the country, but still overall
- 2:29as a nation doing a tremendous job developing
- 2:32pharmaceuticals
- 2:32and solutions
- 2:33and and personalized
- 2:35solutions and precision medicine.
- 2:37Fourth, and and this may be a negative
- 2:40or a positive,
- 2:41but I'll try to choose it as encouraging.
- 2:44I think there's greater recognition as a nation
- 2:46that we have a health care crisis coming,
- 2:48and that we've gotta deal with it. I
- 2:50hope that that gets more front and center.
- 2:53Washington still seems not focused on truly problem
- 2:55solving and fixing problems, but, hopefully, we've got
- 2:57more and more of that recognition
- 2:59that we've got a true health care crisis
- 3:01coming, and we've gotta find a way to
- 3:02solve it.
- 3:03Finally, fifth,
- 3:05greater recognition
- 3:07that the money that is spent back and
- 3:09forth from government
- 3:10to massive insurance companies
- 3:12isn't helping. And in some ways, it's just
- 3:14a massive money transfer that that's leading essentially
- 3:18to greater health care inflation,
- 3:20that that we're putting more money through insurance
- 3:22companies, whether through Medicare Advantage, through Medicaid, or
- 3:25other ways, and it's not really leading
- 3:28to reducing cost for improving health care. And
- 3:31that quite frankly, we'll talk about this in
- 3:33a second, that we're moving in the wrong
- 3:35direction largely
- 3:36when it comes to the AAAIM,
- 3:38quality, cost, and access.
- 3:40And, again, this is a complicated issue because
- 3:43we need subsidies so people can afford health
- 3:45insurance because it's so expensive. At the same
- 3:47time, the more that we subsidize things through
- 3:49the insurance companies, the more the cost continue
- 3:51to escalate and go up. So so those
- 3:53are some of the most encouraging things that
- 3:55we see, and I know I've I've sort
- 3:57of hopped the line there a little bit
- 3:59with some discouraging and challenging issues as well.
- 4:02Here are several of the most alarming developments
- 4:05in health
- 4:06care. First,
- 4:07growing shortages of specialists and subspecialists.
- 4:10Only about 23,000
- 4:11doctors start medical school each year. We find
- 4:14more and more that the bench of specialists
- 4:16in certain cancer, certain areas
- 4:19is really, really short in our country. But
- 4:22even though it appears that we've got a
- 4:23lot of oncologists, they are overwhelmed when we
- 4:25get into subspecialties. We are really, really short.
- 4:29Second,
- 4:30Washington DC
- 4:31seems largely broke to me in terms of
- 4:34actually solving problems.
- 4:35We've got the left on one hand, talks
- 4:37about coverage for all. We agree with coverage
- 4:40for all. The right talks about the free
- 4:42market in health care. The answer, of course,
- 4:44is somewhere in between. We already don't have
- 4:46a true free market. More than 50% of
- 4:48health care or about that is being done
- 4:50through governmental pay.
- 4:52And coverage for all is great, but coverage
- 4:54without fixing the supply problem is like writing
- 4:57a check you cannot cash. We've gotta do
- 5:00both. If you wanna talk about coverage for
- 5:01all, I'm a big fan.
- 5:02But at the end of the day, we
- 5:03gotta fix the supply problem in health care
- 5:05too.
- 5:06Third problem, alarming situation. There's so much talk
- 5:10by academics,
- 5:11by others
- 5:12about the payment system,
- 5:14and I think a lot of that is
- 5:15misguided. A lot of that discussion should be
- 5:17on the
- 5:25payment system? Yes. The payment system is its
- 5:27own quagmire, but at the end of the
- 5:28day, we have 350,000,000
- 5:30people in our country, only a million or
- 5:32so doctors. We've gotta get that some some
- 5:35progress made on that supply problem.
- 5:38Fourth,
- 5:39cost, quality, and access all going in the
- 5:42wrong direction.
- 5:43Used to be that people thought you can
- 5:45get two or three of these right or
- 5:47one or three of these right. Now it
- 5:48seems like cost is going up, quota is
- 5:50going down, and access is really challenging.
- 5:54Fifth, the length of medical education in our
- 5:56country has become about a twelve year phenomenon,
- 5:59four years of college, four years of med
- 6:00school, three to four years of residency, often
- 6:03one to two years of fellowship.
- 6:05They do it quicker in other countries, and
- 6:06we're the beneficiaries of it. Medical education in
- 6:09our country, we produce great doctors, but we
- 6:11do so incredibly, inefficiently,
- 6:13and expensively.
- 6:14Medical education was developed largely before the Internet
- 6:17in our country. We've gotta figure a way
- 6:19to expedite it to get people out of
- 6:20med school and residency and practicing by '28,
- 6:23'29, not 3032,
- 6:25particularly as more and more doctors go part
- 6:27time by 40 to 50.
- 6:29The numbers just don't work. The number of
- 6:31doctors compared to our population.
- 6:34Sixth, rural health care is in a vicious
- 6:36cycle. Not enough doctors,
- 6:38not enough population,
- 6:40more and more of the population moving to
- 6:41the top metro areas, doctors and population. So
- 6:44we've got this vicious cycle of what happens
- 6:46in rural areas in terms of health care
- 6:48as more and more our country moves away
- 6:50from rural areas, really trying to take care
- 6:52of those areas and have them be growth
- 6:54spots versus
- 6:56dying health care spots, really challenging.
- 6:59Seventh, we've got this increased tearing of health
- 7:02care. You used to have commercial and governmental
- 7:04and indigent.
- 7:06Now you've got a whole
- 7:07build of concierge medicine,
- 7:09which only the top five to 10%
- 7:12of wealthy or affluent people could afford. Then
- 7:14you've got commercial
- 7:16insurance, then you got governmental insurance, then you
- 7:18got indigent insurance.
- 7:20You've got more and more multiple tiers of
- 7:22health care. And this long term is a
- 7:24disaster from a health equity perspective. Again, I
- 7:26don't blame the doctors or the systems one
- 7:28bit, but we gotta fix the supply problems.
- 7:31Eighth, we have a massive aging of America,
- 7:34more older people than younger people, and this
- 7:37creates a real challenge when so many of
- 7:39our safety nets, Social Security, Medicare, other things
- 7:42have been built on the concept that a
- 7:44lot of people will be working compared to
- 7:45the people not working. Now you've got this
- 7:47massive aging of America
- 7:49economically.
- 7:50The amount of care that's needed creates real
- 7:52challenges, real problems. Finally, ninth, 40% of hospitals
- 7:56are losing money. So that is a, real
- 7:59challenge. Hospitals are the safe net of our
- 8:01health care system plus doctors. We've gotta get
- 8:03those two things
- 8:04situated better,
- 8:06while we also produce more nurses and PAs
- 8:09in in in pursuit technological
- 8:12solutions.
- 8:13Third, we'll talk about some of the most
- 8:15important developments that we see and that we
- 8:18need.
- 8:19And I'll go through five or six of
- 8:20them.
- 8:21First, the need to get the best and
- 8:23brightest into med school and into specialties to
- 8:26keep on trying to make it really attractive,
- 8:28get the best and brightest to go to
- 8:29med school versus law school,
- 8:31accounting, finance, all these other areas, technology.
- 8:34We need both. We need a lot of
- 8:35the best and brightest going to med school
- 8:37too. Second, we need to figure out a
- 8:39way to get our doctors out of school
- 8:41sooner and practicing sooner. We need to update
- 8:44medical
- 8:45education. We produce great doctors, but we do
- 8:47so in a very lengthy period of time.
- 8:50Third, we've gotta find a way to increase
- 8:52the amount of specialists and subspecialists.
- 8:55And part of my sense of this is
- 8:57we're gonna move a lot of primary care
- 8:58over time to PAs and advanced practitioners. So
- 9:01in the meantime, we've gotta figure out how
- 9:02to increase the number of specialists and subspecialists.
- 9:06Fourth,
- 9:07we're gonna have constant improvements in technology,
- 9:10and my belief is it's technology plus doctors
- 9:12and nurses that will solve the problem. It's
- 9:14not one or the other.
- 9:16Fifth, many of the solutions in technology are
- 9:19two x solutions. They help leverage our population
- 9:21better. They help leverage our doctors and nurses
- 9:24better. They don't replace our nurses and doctors.
- 9:27It's sort of both. You need great technology
- 9:29and great doctors.
- 9:31Sixth,
- 9:31great developments in medicines, GLP ones, other types
- 9:35of things that could really help people.
- 9:37We're still struggling in many types of cancer
- 9:39in in the precision medicine, and so it
- 9:41is really helpful, but still not there for
- 9:43a lot of different areas. Finally, seventh, there's
- 9:46this need for any system to be great
- 9:48at something that whatever you're doing, you've gotta
- 9:50be great at. So that's sort of the
- 9:52most some of the most important developments that
- 9:54we're watching,
- 9:55technology,
- 9:56pharmaceuticals,
- 9:58technology plus people solutions, and and trying to
- 10:00expedite and accelerate medical education.
- 10:03In terms of artificial intelligence,
- 10:06it's almost like with their spot when the
- 10:08Apple, the iPhone was developed.
- 10:10There will be so many different use cases
- 10:11that we can't even imagine. Right now, we're
- 10:14already seeing a ton of use cases around
- 10:16ambient listening, revenue cycle predictive analytics,
- 10:19lot of other areas, and we're seeing this
- 10:22cascading evolution of clinical use cases, and we'll
- 10:25see how that evolves and where it gets
- 10:27to.
- 10:28Finally, I'll talk for a second about the
- 10:30government and health care from my perspective in
- 10:32terms of actual problem solving
- 10:34versus sloganeering.
- 10:35The government is largely broken. They don't seem
- 10:38to wanna figure out health care. They wanna
- 10:40figure out getting reelected. Again,
- 10:42the left often says coverage for all. We
- 10:44totally agree with that. But coverage without supply
- 10:47and access is a disaster.
- 10:49The second, the right often says get the
- 10:51government out of our health care. That, again,
- 10:53is ridiculous because we the government's already half
- 10:57of health care or something like that.
- 10:59Neither seems to be really focused on solving
- 11:01supply demand challenges.
- 11:04I think that's a real problem. We've gotta
- 11:06get more government focused on really problem solving
- 11:09versus sloganeering.
- 11:11Finally,
- 11:12most health care economists that talk about health
- 11:15care are often agenda driven, narrative driven, and
- 11:18often misfocused.
- 11:20You could talk about all you want about
- 11:23economics
- 11:24and payment systems. There's problems with fear for
- 11:26service. There's problems with capitation,
- 11:28whichever payment system you use. But if we
- 11:30don't solve supply and demand,
- 11:32we've got real, real challenges.
- 11:35One of the things I think about is
- 11:36in health care, and this goes back to
- 11:38the question, as an outsider, I think it's
- 11:40crazy. I I don't at all. I think
- 11:42the beauty of health care is we're taking
- 11:43care of 350,000,000
- 11:45people.
- 11:45It is the third largest country in the
- 11:48world after China and India. We do it
- 11:50in many ways very well, but it is
- 11:53challenging and getting harder and harder.
- 11:56The other thing that I love about health
- 11:57care is every single one of us is
- 11:58a consumer, so so no one can really
- 11:59pull the wool over your eyes as to
- 12:01what's going on in health care because we
- 12:03all our consumers, and in some ways, all
- 12:04the front row seat at it, because we
- 12:06have the same access problems that others have
- 12:09and and see it very clearly. So I
- 12:10I some of us might have better access
- 12:11than others, but at the end of the
- 12:13day, we we really are in a spot
- 12:15where all of us are consumers and almost
- 12:17face different health care challenges, different health care
- 12:18problems, and see the system in in different
- 12:21ways, but we all have our own lens
- 12:22on what health care looks like. We end
- 12:24up at the ER for good reason because
- 12:26we can't find access elsewhere
- 12:28elsewhere,
- 12:29and that's why you know, and there's so
- 12:30many different discussions about this, but I love
- 12:31the fact that we're all consumers and I'll
- 12:33see it.
- 12:34Finally,
- 12:35we do do this far better than a
- 12:37lot of the other largest countries in the
- 12:38world. There's a lot to be thankful for,
- 12:40but we've gotta make some serious improvements as
- 12:42well. I hope people find this helpful. I
- 12:44hope you listen to it all the way
- 12:46through. There's obviously so much more we could
- 12:47talk about. We've got all the shortages of
- 12:49behavioral health resources. So much we could talk
- 12:51about. Health equity is challenging. There was so
- 12:53much to talk about in health care. These
- 12:55are just some of our thoughts, some of
- 12:56the things we want people to think about.
- 12:58Again, feel free if you listen to this
- 12:59all the way through, if you enjoy it
- 13:01or you hate it, if you're the first
- 13:03person to text me at (773)
- 13:05766-5322,
- 13:07I'll go ahead and send you a one
- 13:08hundred hour Amazon gift certificate to thank you
- 13:10for listening. Again, Scott Becker, founder, publisher of
- 13:14Becker's HealthCare. Thank you so much for joining
- 13:16us.