Latest / Becker’s Healthcare Digital Health + Health IT / Verily's chief medical officer steps down, Walgreens chief medical officer forecasts surge in value-based care + more

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Verily's chief medical officer steps down, Walgreens chief medical officer forecasts surge in value-based care + more · Becker’s Healthcare Digital Health + Health IT

• 0:00
  - Welcome to the Becker's Healthcare Podcast.
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  We at Becker's are excited
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  to welcome more than 2,500 healthcare executives
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  to Chicago next April for our annual meeting.
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  you'll hear more than 450 elite hospital
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  and health system executives.
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  Share the big ideas
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  and best strategies driving healthcare forward.
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• 0:38
  Without further ado,
• 0:39
  here's your daily industry news briefing for today.
• 0:42
  December 20th. First, Sashi Moodley,
• 0:46
  chief Medical Officer at Walgreens Health said he predicts
• 0:49
  the healthcare industry will make a strategic shift toward
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  value-based care models.
• 0:53
  In 2024, quote, I predict increased adoption
• 0:57
  of value-based care models.
• 0:58
  He told Becker's the increasing emphasis on improving
• 1:01
  patient outcomes while simultaneously controlling costs
• 1:05
  creates pressures to evolve the traditional fee
• 1:07
  for service model as payers accelerate their demands to pay
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  for outcomes and not promises.
• 1:14
  Dr. Moodley also said he predicts risk-bearing entities will
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  seek to form deeper strategic partnerships
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  and reduce reliance on coordinating multiple
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  vendors and solutions.
• 1:25
  Specifically, health systems will look
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  to enter value-based care models to continue
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  to improve patient outcomes
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  and diversify their revenue streams,
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  while also seeking strategic partners like Walgreens
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  to help alleviate labor shortages, rising costs,
• 1:40
  and other operational issues.
• 1:41
  Coming out of the COVID-19 pandemic.
• 1:45
  Second verily, the Life Sciences unit owned
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  by Google's parent company,
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  alphabet is losing its Chief Medical Officer,
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  Amy Abernethy, chief Medical Officer
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  and president of product Development is leaving Verily
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  to lead a new healthcare nonprofit.
• 2:02
  According to her LinkedIn, she wrote, quote, the decision
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  to leave Verily was difficult, but made easier.
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  Knowing that we are now actively building what only two
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  and a half years ago was a bold vision.
• 2:13
  I am con, I am confident that the vision roadmaps
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  and plans are in place.
• 2:18
  The team is awesome. The progress is astonishing.
• 2:22
  At Veley, Ms.
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  Abernethy oversaw teams that developed
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  and delivered solutions that bridge the gap
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  between clinical research and care.
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  This comes shortly after Alphabet said in October
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  that it would be laying off an unknown number of employees.
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  At Verily third invitation,
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  a biotech company focusing on genetic testing laid off
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  15% of its staff.
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  As the company initiated a cost cutting plan at the end
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  of 2022, the company had laid off around 1700 employees
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  beyond the layoffs.
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  The company is also divesting from citizen, a med tech
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  - Platform for storing EHR data.
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  The company projects that the layoffs
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  and divers divers teacher will result in an annualized cash
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  savings of 90 million to a hundred million.
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  According to a news release from the company.
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  In its most recent financial report, that company
• 3:15
  reported a $1.3 billion loss in the nine month period
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  ending September 30th.
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  with hundreds of top health system executives
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  Join the 300 plus sponsors EXI
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  Email Jessica Cole at jCole@beckershealthcare.com
• 3:41
  to reserve your spot today.