Innovation Insights - June 10th, 2024 Edition
Brian Norris MBA, RN, FHIMSS
Vice President & Managing Director | Value Based Care, Advanced Analytics
Welcome to this week's healthcare innovation newsletter, where we delve into the latest significant developments and trends in the industry. In this edition, we cover three key topics: the CMS's announcement of a $500 million funding opportunity aimed at increasing ACA outreach and enrollment efforts, the projected 15% decline in inpatient bariatric surgeries over the next decade, and the growing crisis of healthcare provider and clinician burnout. Additionally, we highlight the urgent fight against fentanyl overdose and share exciting upcoming events and initiatives in the healthcare sector.
Advocacy Corner – Fighting Fentanyl
In the time it took you to read this newsletter 1 person died from an overdose with an 72% likelihood it was from Fentanyl.
I had the opportunity to attend Country Music Awards Festival (CMA Fest) this past weekend. Jelly Roll is an artist I really enjoy. He shared his latest song and briefly his testimony to congress on the fight against Fentanyl in the USA. I thought his testimony was well done.
See Jelly Roll’s testimony here: https://www.youtube.com/watch?v=rDSekKuG44E
Reminder: Two major nursing initiatives to be aware of and consider supporting.
Upcoming Event To Check Out!
LinkedIn Live: https://www.dhirubhai.net/posts/caryntomer_this-is-going-to-be-such-a-fun-conversation-activity-7202388758883700736-ox55 ?Join Kathy McGrew CNIO Microsoft, Becky Fox, CCIO Intermountain Healthcare and myself, Brian Norris for a fireside chat on nursing innovation, generative AI’s impact and where nursing (and all clinical) innovation is headed. You won’t want to miss this! Use the link above to register for the June 14th session! The session is sponsored by MedeAnalytics .
#1 - CMS Announces $500 Million Funding Opportunity to Increase ACA Outreach and Enrollment Efforts
The Centers for Medicare & Medicaid Services (CMS) has announced a significant funding opportunity, with $500 million in grants available over the next five years. These grants aim to enhance outreach, education, and enrollment efforts for health coverage through the Federally Facilitated Marketplace (FFM) on HealthCare.gov . This marks the largest funding allocation for Navigator grants to date, emphasizing the importance of reaching underserved and diverse communities.
Key Points:
For more information, including how to apply and technical assistance session details, visit CMS Navigator Grants and the Grants.gov listing .
#2 - Inpatient Bariatric Surgeries to Decline 15% in 10 Years: Vizient Report
According to a June 10 report by Vizient, the rate of inpatient bariatric surgeries is expected to decrease by 15% by 2034. This trend is driven by two main factors: the increasing availability of weight loss pharmaceuticals and a projected rise in outpatient surgical volumes by 13%. Inpatient bariatric surgeries, which are typically reserved for higher acuity cases, are seeing a decline as patients opt for nonsurgical options like GLP-1 weight loss drugs (e.g., Wegovy and Zepbound).
In early 2024, bariatric surgeons reported fewer referrals and a "temporary lull" in operations. At Pittsburgh-based UPMC, there has been a significant rise in demand for nonsurgical obesity treatments, especially with the new class of medications.
A key concern for patients is the long-term efficacy of these treatments. Gastric sleeve operations result in a 30% weight loss before stabilizing at 20%-25% after 5-10 years, while gastric bypass surgeries lead to up to 38% initial weight loss, steadying at 30%. There is less long-term data on GLP-1s, but a four-year study published in Nature Medicine found that the average Wegovy user lost 10% of their body weight.
Financially, bariatric surgeries cost between $15,000 and $23,000 upfront, whereas GLP-1 injections cost about $1,000 per month.
Key Takeaways:
1.???? Projected Decline in Inpatient Surgeries: Inpatient bariatric surgeries are expected to drop by 15% by 2034, driven by the rise in weight loss pharmaceuticals and outpatient surgical volumes.
2.???? Shift to Nonsurgical Treatments: The popularity of GLP-1 weight loss drugs is leading patients to choose nonsurgical options, reducing the number of inpatient bariatric surgeries.
3.???? Cost and Long-Term Efficacy Considerations: While bariatric surgeries have significant upfront costs and known long-term outcomes, GLP-1 injections are expensive monthly and lack extensive long-term data on efficacy.
#3 - Addressing Healthcare Provider and Clinician Burnout: A Growing Crisis
Healthcare provider burnout is a critical issue with significant repercussions for both healthcare workers and patients. The demanding environments in which healthcare providers work often strain their physical, emotional, and psychological well-being, leading to increased mental health challenges and premature departures from the workforce. This growing problem threatens patient care accessibility and overall healthcare system functionality.
领英推荐
Key Quotes from Healthcare Workers:
Kevin C., Nurse, Florida: “There was a point where I could no longer contain the heartbreak of everyone that had been lost.”
Nisha B., Palliative Social Worker, Pennsylvania: “Something has to change. Something good has to come out of this or it will be for nothing.”
Derick S., Respiratory Therapist, Nevada: “The primary concern for burnout is not being able to emotionally take care of each patient individually or uniquely.”
Causes of Burnout:
Burnout among healthcare workers is driven by various factors, including:
Health Worker Burnout Harms Everyone:
More about this topic in the “Addressing Health Worker Burnout” report - https://www.hhs.gov/sites/default/files/health-worker-wellbeing-advisory.pdf
If not addressed, the burnout crisis will:
Solutions and Actions:
Everyone has a role to play in preventing health worker burnout. Here are some recommended actions based on various roles:
For Healthcare Organizations:
For Governments:
For Health Insurers:
For Health Tech Companies:
For Educational Institutions:
For Families, Friends, and Communities:
For Health Workers:
For Researchers:
By working together, we can help our healthcare workforce heal and thrive, ensuring they can continue to provide the care and support we all rely on. Addressing burnout is not just a healthcare issue; it's a public health imperative that requires collective action and commitment.
Have a wonderful week and thank you for reading.
Brian Norris MBA, RN, FHIMSS
Transformational Chief Marketing Officer (CMO) I Healthcare & Life Sciences AI+Analytics Innovation Visionary, Evangelist, Thought+Change Leader & Board Advisor, Impacting $ Bn in Enterprise SaaS Revenue I Forbes Council
5 个月Compelling insights, Brian Norris MBA, RN, FHIMSS..keep 'em coming!
??Founder of Real Estate Mastery Coaching RE agents w/ the 4S Formula: ??Sales ??Structure????Social??Self. Owner of Emerald Coast RE Experts powered by eXp
5 个月Let's grow!??