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Newsletter | Academy-IQ

Executive Edge: September 23, 2024

Hello Academy IQ Members! 

Week of September 23rd, 2024 

This week’s newsletter is 1,779 words or a 7-minute read.  

Welcome to the Executive Edge. Here we offer solution companies insights on issues facing health system executives today - all based on our extensive executive and health system intelligence. Use these insights to spark conversations, demonstrate your knowledge of industry trends, and position your company as a valuable partner to health systems. 

Keep the feedback coming – tell us how you like this new format! Find us at AcademyIQ@hmacademy.com

Olivia and the Academy IQ Team 

Key Takeaways

  1. Inside The Rise of the Patient Payer: As healthcare consumers shoulder more financial responsibility, new opportunities are emerging in health insurance - ancillary financing and cash-pay services. Health systems that adapt to this consumer-driven shift by offering transparent pricing and patient-friendly options will stand out, but they will seek partners who can support these changes effectively.

  2. Compounded GLP-1s Compounding Shortage Complexity: With the demand for GLP-1 drugs like Ozempic and Wegovy soaring, compounding pharmacies are stepping in to address shortages. However, while these compounded versions offer a temporary solution at a lower cost, they also bring significant regulatory risks and potential safety concerns. The compounded GLP-1 market remains volatile, with legal battles brewing and looming changes as branded drug production ramps up.

  3. How Healthcare Leaders Are Navigating 2024’s Top Financial Challenges: Healthcare executives are facing mounting revenue cycle pressures, with payer denials and staffing shortages at the forefront. A recent Guidehouse and HFMA report highlights how organizations are addressing these pain points through outsourcing, tech investment, and improving patient access to boost financial performance.