Radio Advisory

Advisory Board
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Jan 30, 2024 • 33min

193: Is health system growth still possible?

Between high labor costs, inflation, workforce shortages, and a host of other challenges, the past couple of years have been some of the most straining financial times for health systems in recent memory. Though the tides may be starting to turn, it is critical that health systems do not get complacent. How can health systems prepare to grow in the midst of an optimistic yet volatile landscape? Paradoxically, the growth path for health systems is actually to shrink. That’s why, in this episode, host Rachel (Rae) Woods invites Advisory Board health systems expert Vidal Seegobin, and quantitative insights expert Larry Watts to discuss why heath systems might have to first shrink in order to grow and prepare themselves for the future. Throughout the conversation, they discuss why leaders need to look past the optimism of short term relief, and why hospital-based health systems need to start working smarter and not harder. Links: [Tool] Market Scenario Planner Ep. 147: Pursuing growth in today's financial landscape [Rerun] The dire state of hospital finances (Part 1: Hospital of the Future series) Survey insights: 6 priorities for health system strategists in 2024 Ep. 161: Unwavering purpose, the creation of Ballad Health 3 reasons to prioritize comprehensive sleep services Need a quick answer to a healthcare question? Ask Advisory! Whether it's about where the market is headed, or how to navigate our website our team of experts are just a call or email away. Visit ask.advisory.com or email ask@advisory.com to learn more. A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Jan 23, 2024 • 29min

192: What CEOs need to know in 2024 (Part 2)

Last week, in the first part of our series on what CEOs need to pay attention to in 2024, we discussed several of the seismic changes that have emerged in the healthcare industry. In particular, we discussed where care is delivered, and how the healthcare industry is shifting from hospital-first care delivery to vertically integrated ecosystems. In part two of our series, host Rachel (Rae) Woods welcomes back Advisory Board experts Natalie Trebes, Prianca Pai, and Sharon Yuen to discuss two other seismic shifts: who delivers care and how it’s paid for. In the conversation, they discuss how care team roles are shifting in a world of generative AI, how treatment economics are evolving in the new era of bespoke care, and more. Links: Ep. 191: What CEOs need to know in 2024 (Part 1) Bold predictions for healthcare in 2024 Ep. 189: A preview of Advisory Board's 2024 research 11 Things CEOs Need to Know in 2024 Improving detection of ATTR-CM: Insights from experts Learn about Advisory Board Sponsorship at advisory.com/sponsorship A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Jan 16, 2024 • 33min

191: What CEOs need to know in 2024 (Part 1)

As we step into 2024, there is no denying that the healthcare industry is vastly different than it was 5 years ago, 1 year ago, maybe even one month ago. As the immediacy of the pandemic has ebbed, several other seismic changes have emerged that promise to transform the core of the healthcare industry. Understandably, healthcare leaders are concerned about the pressures they face today and those that lie ahead in 2024. That's why, in part 1 of a two-part series on what CEOs need to know in 2024, host Rachel (Rae) Woods invites Advisory Board experts Natalie Trebes, Prianca Pai, and Sharon Yuen to unpack these seismic changes and discuss how leaders should be preparing for the future. Links: Bold predictions for healthcare in 2024 11 Things CEOs Need to Know in 2024 Ep. 189: A preview of Advisory Board's 2024 research Ep. 145: Part 1: What CEOs need to know in 2023 Learn about Advisory Board Sponsorship at advisory.com/sponsorship Advisory Board On-Demand Courses A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Dec 19, 2023 • 30min

190: Behind the scenes with Rae & AskAdvisory

Every year, Advisory Board receives thousands of questions from healthcare leaders about what's happening in the industry and how their organizations should respond. The team who answers these questions is called AskAdvisory – and today we're giving listeners a behind-the-scenes look at how these experts help leaders answer their most pressing questions. In Part 1 of this episode, host Rachel (Rae) Woods invites some of our AskAdvisory colleagues to answer some of the questions they've received this year. Then, in Part 2, Rae invites Chris Phelps, lead producer of the Radio Advisory team, to give listeners an inside look on how we make Radio Advisory. Links: The board’s guide to 5 AI challenges The Hospital Benchmark Generator Low-acuity fast track Market Scenario Planner National site-of-care shift maps Ep. 159: Ozempic, Wegovy, and our questions on weight management drugs Ep. 172: Build a value-based enterprise: Live from 2023 Value-Based Care Summit Ep. 145: Part 1: What CEOs need to know in 2023 Ep. 146: Part 2: What CEOs need to know in 2023 Encore: Revisiting our conversation on building ethical AI systems Ep. 173: 4 ways to prevent a physician shortage [Bonus content] Follow Advisory Board on Instagram A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Dec 12, 2023 • 25min

189: A preview of Advisory Board's 2024 research

With the new year just around the corner, we wanted to take some time to reflect on everything we've researched in the last twelve months and set our research agenda for the year ahead. In 2023, we spent a lot of time focusing on how to overcome a difficult financial landscape, what AI means for the future of healthcare, and how the industry should reckon with new high-cost drugs. But what will we be focusing on in 2024? In this episode, guest host Rachel (Rae) Woods invites eleven (yes, you read that right) Advisory Board experts to discuss what exactly is on our radar in the new year and what you can expect to hear from us here at Radio Advisory throughout 2024. Topics include: (1:23) Strengthening care teams (4:20) Generative AI (6:44) Payer-provider partnerships (10:02) Future of hospital sustainability (11:57) Future of cancer care (14:51) Financing and integrating innovation (17:37) Ambulatory surgery center strategy (20:19) Value-based care performance Links: Ep. 144: What's on our radar for 2023 The best AI strategy isn't about AI How technology can help solve the workforce crisis 6 insights on the medical group landscape for 2024 [Webinar, Jan. 11, 2024] The future of cancer care — and how to prepare 4 essential EOY conversations to have with your nursing team 3 takeaways from our latest webinar on AI in healthcare A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Dec 5, 2023 • 33min

188: The business case for investing in women's health

Women experience healthcare differently compared to men – women consistently have worse outcomes when it comes to chronic diseases, feel unheard, and are oftentimes left out of education and research. Women's health also gets conflated with maternal health, but we know women's health is so much bigger than pregnancy. Improving women's health outcomes requires a more holistic approach to caring for women, but allocating more dollars when working with limited resources may feel unsustainable to some organizations. In this episode, host Rachel (Rae) Woods invites Advisory Board's Gaby Marmolejos, Kara Marlatt, and Ellie Wiles to discuss why there's a strong business case to better meet women's needs, including but not limited to maternal health. Links: 6 things to understand about women's health in the United States 5 steps to improve women's health and well-being How to Grow Share of Wallet with Women's Primary Care Ep. 175: We need to talk about maternal health in America [Bonus content] [Infographic] How healthy is your structural heart program? A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Nov 28, 2023 • 36min

187: ChristianaCare's comprehensive, CFO-approved approach to behavioral healthcare

It's no secret that the US is in the midst of a behavioral health crisis—and with the impacts of unmet need affecting every corner of the industry, many leaders are feeling powerless to sustainably address it. In this episode, guest host Abby Burns invites ChristianaCare's Chief Biopsychosocial Officer, Erin Booker, to discuss how Erin is driving—and making the case for—a comprehensive and holistic behavioral healthcare strategy. Erin shares how she converted her CFO to be a champion for integrated behavioral healthcare, as well as how she approaches workforce challenges, partnership, and policy advancement. Links: ChristianaCare's website Ep. 154: The behavioral health crisis won't change (unless we do) The 5 root causes of behavioral health inequity Ep. 68: Seattle Children's approach to behavioral health Tactics to build a stronger behavioral health system Learn more about Advisory Board's on-demand courses A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Nov 21, 2023 • 26min

186: The new era of drugs is now

In the past few months, we have talked a lot about high-cost drugs. We've done episodes on new innovations, equity implications, the rise of weight management drugs and more. While there is a lot to be excited about, there is a lot to be anxious about too, like high costs and impending legislation. A lot of the industry is tempted to "wait and see" what the new era of drugs will bring, but the reality is that "new era" is already here. That's why, in this episode, host Rachel (Rae) Woods invites Advisory Board pharmacy experts Rachael Peroutky and Chloe Bakst to discuss how the industry should be thinking about this new era of drugs, and why healthcare organizations can't afford to sit around today and strategize later. Links: Ep. 177: Advancing equity in a world of innovation for some, costs for all: Live from the 2023 Clinical Innovation Summit Ep. 167: How nervous should we be about high-cost drugs? Ep. 159: Ozempic, Wegovy, and our questions on weight management drugs [Webinar Recording] State of the Industry: How high-cost drugs change everything Read Advisory Board's case study about how University of Michigan Health-West improved clinician well-being with Nuance's Dragon Ambient eXperience (DAX). A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Nov 14, 2023 • 27min

185: AI adoption: why you can't afford to "wait and see"

It is no question that we are in an unprecedented era of technological change. Large language models and the rise of generative AI have dominated industry conversations in recent months, and for good reasons. It's clear that AI is here to stay, but what isn't so clear is how the industry should adopt it. Should you run headfirst into experimentation? Or wait for data and case studies before implementation? In this episode, host Rachel (Rae) Woods invites Advisory Board digital health experts Ty Aderhold and Elysia Culver to discuss how the industry needs to be thinking about AI adoption and integration. Throughout the conversation, they discuss what we can (and cannot) learn from past technologies, what it means to be an "early mover" or "fast follower," and why taking an incremental approach can empower your business strategy. Have a healthcare question? Want to learn more about what goes on behind-the-scenes at Radio Advisory? Submit your question and we may use it in our final episode of 2024! Email podcasts@advisory.com or leave us a voice message by Thanksgiving for consideration. Thanks! Links: The best AI strategy isn't about AI Overcoming AI challenges to unlock potential Leading the way: How health system executives approach AI in healthcare Ep. 180: Tom Lawry on why AI has a PR problem Ep. 138: Microsoft's head of AI on building ethical systems Visit advisory.com/AIstrategy to learn what's necessary for AI to drive transformative outcomes in the healthcare landscape. A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.
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Nov 7, 2023 • 33min

184: Coverage whiplash: the headache of Medicaid redeterminations and how to respond

During the COVID-19 Public Health Emergency, the federal government and insurers implemented several measures to expand coverage options and better ensure ease of access to healthcare services. One of the most significant policies was the expansion of Medicaid programs and the requirement that individuals be continuously enrolled through the end of the PHE. The expanded eligibility ended when the PHE expired in May 2023, and the industry is reeling from the whiplash of coverage changes. In this episode, host Rachel (Rae) Woods invites Advisory Board health plan experts Chelsea Needham and Sally Kim to discuss what you need to know about Medicaid redeterminations, how health plans are responding, and what this means for the healthcare industry. Have a healthcare question? Want to learn more about what goes on behind-the-scenes at Radio Advisory? Submit your question and we may use it in our final episode of 2024! Email podcasts@advisory.com or leave us a voice message by Thanksgiving for consideration. Thanks! Links: A deep dive into the end of the COVID PHE A 'staggering' 15M+ Americans could lose Medicaid coverage Why are 600+ rural hospitals at risk of closing? C-Suite Cheat Sheet: Medicaid Expansion Visit advisory.com/expertsupport to learn how you can bring Advisory Board experts to your organization to deliver presentations, workshops, and more on AI and other topics that keep healthcare leaders up at night. A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.

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