Latest / Becker’s Healthcare Podcast / Scott Becker - 3 Things Going Well in Healthcare 6-30-26
Transcript
- 0:02- There's a small circle of people who truly
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- 0:50- This is Scott Becker with the Beckers HealthCare
- 0:53- podcast.
- 0:54- Today's discussion,
- 0:56- three things that are going well.
- 0:58- So so here's the issue. We spend so
- 1:01- much time talking about things that are going
- 1:03- really poorly in health care or quite challenging.
- 1:06- The trip blame going in the wrong direction,
- 1:09- supply
- 1:10- and going in the wrong direction
- 1:12- that we don't spend enough time, I think,
- 1:14- focusing on some things that are going really
- 1:16- well. I'm gonna touch on three of those.
- 1:19- Before that, I'll make a quick general observation.
- 1:22- The first general observation is that for a
- 1:24- population of 350,000,000
- 1:26- people,
- 1:27- the system is un imperfect, but we do
- 1:29- a pretty good job better than any other
- 1:32- large country in the world, meaning a country
- 1:34- with 50 or a 100,000,000 people or so
- 1:36- of taking care of our people at every
- 1:39- end of the of the spectrum economically.
- 1:41- So as challenging as it is,
- 1:44- in judging ourselves not against countries of five
- 1:46- to 10,000,000 people, but countries with 50, a
- 1:49- hundred, two hundred million people,
- 1:51- we do an incredibly
- 1:52- good job. And we shouldn't ever take that
- 1:55- for granted because it can get a lot
- 1:57- worse and quite frankly will if we don't
- 1:59- fix the supply and demand issues.
- 2:02- But when you compare us overall,
- 2:04- particularly at the lower end of the economic
- 2:07- spectrum
- 2:08- to countries like China, India, Nigeria, and a
- 2:11- ton more larger countries,
- 2:14- that are
- 2:15- amongst the five largest countries in the world
- 2:17- or top 10 largest countries in the world,
- 2:19- we do a remarkably good job. So that's
- 2:22- just a level set a little bit. I
- 2:24- know it's an unpopular concept.
- 2:26- But here are three things that are going
- 2:27- quite well.
- 2:30- First,
- 2:31- we'll talk about,
- 2:33- artificial intelligence,
- 2:35- imperfect
- 2:36- cascading use cases,
- 2:38- but starting to see real improvements both on
- 2:40- the administrative and the clinical side.
- 2:43- More and more on the administrative side, we're
- 2:45- moving towards a spot where some of the
- 2:47- things have become a need to have versus
- 2:50- a want to have.
- 2:51- Ambient listening technology,
- 2:54- a lot of the revenue cycle stuff, a
- 2:56- lot of the administrative back office stuff has
- 2:58- become a need to have versus a want
- 3:00- to have. And you're also seeing tremendous
- 3:03- levels of improvement every day on the clinical
- 3:06- side. Quite frankly, I think we're gonna solve
- 3:08- our primary care shortage
- 3:10- by not having more primary
- 3:12- care physicians,
- 3:13- but having PAs and and nurse practitioners
- 3:16- and others with the aid of AI, with
- 3:18- the aid of primary care oversight,
- 3:20- take care of our primary care shortage over
- 3:22- the long run. I think that's where we're
- 3:24- going. So some of those things are going
- 3:25- really well. Doesn't mean we still have lots
- 3:27- of shortages and looming challenges, particularly in specialty
- 3:30- areas, but I do think there's a lot
- 3:32- to be thankful for there.
- 3:34- The second thing I'll talk about is we're
- 3:36- watching
- 3:37- right before our eyes
- 3:39- one of these
- 3:40- very quick who moved our cheese moments.
- 3:44- We're we're seeing essentially
- 3:46- thirty million people a year now are on
- 3:48- GLP ones. Something like forty seven or 50
- 3:50- million have tried that. But what's fascinating about
- 3:53- this and how quickly it's changed is, just
- 3:55- a couple years ago, people were getting their
- 3:57- GLP ones
- 3:58- through their physician's office, through their health system
- 4:01- physician, and so forth.
- 4:03- Now I would guess that the huge, huge
- 4:06- majority of that is coming through the telehealth
- 4:08- provider services.
- 4:10- And in this effort by the telehealth providers
- 4:13- was sort of minimum,
- 4:16- some physician oversight,
- 4:18- etcetera,
- 4:19- it
- 4:20- it it's really moved a ton of strain
- 4:22- off of what otherwise would be falling on
- 4:24- your primary care physician's offices
- 4:27- and your health system offices.
- 4:29- So I think largely an incredible movement
- 4:32- of an example right before our eyes of
- 4:34- care moving outside of hospital health systems
- 4:37- and taking some stress off the hospital health
- 4:39- systems and the traditional practitioners offices. Sort of
- 4:42- it happened before our eyes. It's fascinating to
- 4:44- watch. It is a caveat or not a
- 4:46- caveat. As a follow on point to that
- 4:48- and add on point,
- 4:49- we're also seeing there this incredible
- 4:53- movement
- 4:54- towards the consumerism there and that drive down
- 4:57- the cost and price of GLP ones. Just
- 4:59- a couple years ago or even a year
- 5:01- ago, it was all going through insurers, a
- 5:03- thousand bucks plus a month.
- 5:05- Now you get into this real consumer paying
- 5:08- for it situation,
- 5:09- and a lot of the semi or the
- 5:11- compounded semi good types are down to 100
- 5:13- to 200 a month.
- 5:14- Even the prescription
- 5:16- name brands are down to 300 to 500
- 5:18- a month. And this is just a huge
- 5:20- improvement. An example of free enterprise working side
- 5:23- by side with the nonprofit health system and
- 5:25- and health care universe that we set up.
- 5:27- So those are two things so far that
- 5:29- are going really well. But a third thing
- 5:31- that I think is going really well,
- 5:34- there's been this incredible
- 5:36- improvement in acceleration in the training of nurses
- 5:38- and nurse practitioners in our country. We're now
- 5:41- producing about 200,000 nurses a year,
- 5:44- plus we're importing about 30,000 nurses a year.
- 5:47- In between the two, we've all but staunched
- 5:50- the flow, the loss, the blood loss we're
- 5:53- having in the nursing establishment.
- 5:55- During COVID, we went down from five million
- 5:57- to four million nurses. We're essentially back to
- 6:00- those numbers. We're now actually matriculating
- 6:03- more nurses each year than we're losing. Doesn't
- 6:06- mean there's still not allocation problems and challenges.
- 6:08- People will say, oh, nursing education is not
- 6:10- as good as it was. But at the
- 6:12- end of the day, this is a huge
- 6:14- improvement.
- 6:15- At the same time, not that the negative
- 6:16- on this, but we've made none of that
- 6:18- improvement in how we're training and educating physicians.
- 6:21- We do an incredible job of educating physicians,
- 6:23- but incredibly expensively and incredibly long, and other
- 6:26- countries do it just as well in a
- 6:28- shorter time frame or less expensively. In any
- 6:30- event, those are three things that are going
- 6:32- really well.
- 6:33- I'd love your feedback on this episode.
- 6:36- (773)
- 6:37- 766-5322.
- 6:40- If you're the first person to give me
- 6:41- feedback on this, I'd love your thoughts. I'd
- 6:43- love your also thoughts on what else is
- 6:45- going well.
- 6:46- We will send you a $100 Amazon gift
- 6:48- card. You gotta be the first one. You
- 6:50- can't be someone who's claiming the gift card
- 6:52- recently,
- 6:53- but would love to hear your feedback on
- 6:55- your thoughts on this. I thought it was
- 6:56- time for a little bit of positive news
- 6:58- of what we're seeing positively in the health
- 6:59- care sector. Doesn't mean we don't have big
- 7:01- challenges, big problems, but there are a lot
- 7:02- of things that are really moving in the
- 7:04- right direction right before our eyes. Thank you
- 7:06- for listening to the Becker's health care podcast.