Hello Academy IQ Members!

Week of August 26th, 2024

This week’s newsletter is 1387 words or a 6-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. Health IT Data Exchange Standards Under Scrutiny with New HHS Proposal: Epic’s new Individual Access Services (IAS) feature leverages TEFCA frameworks to enable patients to securely share their medical records with health and wellness apps, expanding data sharing beyond traditional provider networks. While deployment is expected to be swift, nationwide adoption may take longer due to varying demand and readiness.

  2. IRA Drug Negotiations Announced: The Inflation Reduction Act aims to cut Medicare drug costs by up to 79% starting in 2026, projecting $1.5 billion in savings, but faces ongoing legal challenges and concerns about market and trial impacts.

  3. HHS Proposal Aims to Shore Up Public Health, Payer Data Sharing: HHS’s new proposal pushes for certified health IT to drive transparency and interoperability, potentially easing burdens for providers and payers. While challenges loom over timelines and adaptation, the promise of streamlined data exchange and improved patient care could be a game-changer.

  4. Cleveland Clinic Hired a Chief AI Officer from Outside Healthcare – Why Should You Care? Cleveland Clinic’s bold move to hire a tech industry outsider as their Chief AI Officer highlights a shift towards radical innovation and fresh perspectives in healthcare. As AI reshapes the landscape, will the industry lean into unconventional expertise or stick with tried-and-true insiders?