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Morning Brew January 24, 2024

Healthcare Brew

GE Healthcare

Happy Wednesday! If you need some extra motivation to stick to your 2024 workout plan, researchers from the University of Portsmouth in England found that exercise not only increases your dopamine levels, but may also improve your reaction time. They believe exercise can be a viable treatment for “a host of health conditions,” including Parkinson’s disease. Take this as your cue to schedule some gym time this week.

In today’s edition:

Hospital at home

Recovering margins

Everyone’s tired

—Maia Anderson, Will Peischel

TECH

At-home checkup

A woman uses a device to check her temperature Withings

One of the most popular healthcare subjects in recent years has been bringing the hospital into a patient’s home as a way to make care more accessible and lower overall healthcare costs.

Withings, a French consumer electronics company, is getting into the hospital-at-home business with its new device that executives touted as being able to perform a “one-minute health checkup.” BeamO, which debuted at the 2024 Consumer Electronics Show (CES) conference in Las Vegas on January 7, allows patients to check their vitals at home and send the data straight to their doctors.

“Once, body temperature was the only health scan routinely taken at home. BeamO will revolutionize the measurement of the core vitals carried out during medical visits from the comfort of one’s own home,” Eric Carreel, founder and president of Withings, said in a statement.

Keep reading here.—MA

Do you work in healthcare or have information about the industry that we should know? Email Maia at [email protected]. For confidential conversations, ask Maia for her number on Signal.

     

PRESENTED BY GE HEALTHCARE

Healthcare’s healthy future

GE Healthcare

Healthcare is at a promising tipping point. With breakthroughs in medical technology, smart devices, and connected care solutions, clinicians are increasingly able to provide personalized care fast and without the administrative burden.

That’s right: Healthcare’s latest innovations are brightening its future, helping healthcare systems deliver value-based care.

With the help of AI and connected systems, clinicians can diagnose and treat patients quickly and with more precision than ever. And the progress doesn’t stop there—these breakthroughs can help transform the future of care.

GE HealthCare is motivated by the opportunities these breakthroughs provide—for their ability to not only reshape the future but also improve patient, clinician, and provider experiences.

These innovations are happening fast, paving the way to relieve clinician burnout, heal fragmented systems, and increase access to care. Best part? This is just the beginning. Learn more.

HEALTHCARE ECONOMICS

Signs of recovery

Recession earnings calls predictions Eugene Mymrin/Getty Images

Operating margins at not-for-profit hospitals are expected to “gradually improve” in 2024 but will still lag far behind pre-pandemic levels, according to a January report from credit rating agency Fitch Ratings.

Median operating margins for not-for-profit hospitals dipped to record lows during the pandemic, falling to 0.2% in 2022, according to the agency, which has yet to report numbers for 2023. In 2019, the median not-for-profit hospital operating margin was 2.4%, according to Moody’s.

Despite signs that margins are improving, they’re still “nowhere near” where they were pre-2020, and a “larger expense base will keep huge gains unlikely,” according to Fitch.

“2024 will not be markedly better and certainly not the V-shaped recovery we’re hoping for,” Kevin Holloran, senior director and sector head at Fitch, said in a statement.

Keep reading here.—MA

     

MENTAL HEALTH

It’s not just you

Tired healthcare worker with eyelids being held open by matches Francis Scialabba

It’s not just empty office spaces and long Covid-19: Another persistent effect of the pandemic is a struggling healthcare workforce.

Healthcare workers are still reporting high rates of clinical depression and burnout—even as hospitals are no longer operating in an emergency state—and those mental health issues can undercut the industry’s workforce as a whole, according to new data from healthcare talent marketplace Vivian Health.

Through a survey Vivian Health conducted online between December 2023 and this month, nearly half (46%) of 863 respondents experienced clinical depression in 2023, though the severity of the disorder was divided along generational lines. About three in five (59%) millennial workers and 56% of Gen Z workers reported having experienced the condition, while 37% of baby boomers reported having had clinical depression.

Keep reading here.—WP

Do you work in healthcare or have information about the industry that we should know? Email Will at [email protected]. For confidential conversations, ask Will for his number on Signal.

     

TOGETHER WITH HSBC

HSBC

A glimpse into the future of healthcare. What does 2024 have in store for venture-backed healthcare? Find out in HSBC Innovation Banking’s Venture Healthcare Report. Get expert analysis of 2023 and predictions for 2024. Download the report today.

VITAL SIGNS

A laptop tracking vital signs is placed on rolling medical equipment. Francis Scialabba

Today’s top healthcare reads.

Stat: Covid-19, the flu, and RSV were responsible for 0.8%–2.6% of total hospitalizations in Washington state by mid-January. (the Seattle Times)

Quote: “There’s not any actual power in the bill.”—Jordan Scott, an organizer with the Pennsylvania Harm Reduction Network, on legislation that would dictate how states and localities should spend opioid settlement money (KFF Health News)

Read: Adults in the US are living longer—but they’re spending more of that time being unhealthy. (the Wall Street Journal)

A new era: With technological innovations and connected solutions, healthcare clinicians can precisely diagnose and treat patients faster than ever. GE HealthCare is motivated by the breakthroughs in healthcare. Learn about healthcare’s bright future.*

*A message from our sponsor.

VIRTUAL EVENT

Hospitals unveiled

ad MB

New Year’s resolutions aren’t just for diet culture and weight-loss journeys. Join Healthcare Brew on Jan. 31 for a discussion with Kevin Zhang, partner at Upfront Ventures, to hear what executives should consider for the year ahead. We will discuss how tech innovations are disrupting traditional hospital and healthcare operations. Register now!

JOBS

iHire’s healthcare-specific communities—like iHireNursing, iHirePharmacy, and iHireMentalHealth—cut through the noise and connect you with jobs that match your unique experience so you can get hired faster.

Get iHire’s take on the latest BLS jobs numbers as you plan for 2024.

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