The sixth annual GlobalSTL Health Innovation Summit (GHIS) on Workforce offers solutions for the healthcare workforce crisis that is impacting access to care and quality of care and is estimated to have reduced health systems' profitability by $54 billion in 2021. The challenges are larger than what HR alone can address and require innovative workforce solutions.
In a continuous effort to drive solutions to GlobalSTL’s healthcare partners, the sixth annual GlobalSTL Health Innovation Summit, August 17, 2022, will focus exclusively on meeting workforce challenges with actionable, innovative solutions to the industry’s most difficult current problems. Register now for virtual or in-person attendance at Hillman Hall, Washington University in St. Louis.
The significance of the healthcare workforce shortage by the numbers (American Hospital Association):
- 20 percent of the healthcare workforce has quit; 33 percent of the remaining workforce contemplate quitting
- 132 percent increase in the use of agency and temporary workers; 52 percent jump in overtime (2021)
- $54 billion in reduced profitability after $176 billion CARES Act funding; $24 billion increase in labor costs (post-pandemic, 2021)
- 524,000 fewer US healthcare workers since February 2020
- 16 percent of hospitals cited “critical staffing shortages” (October 2021)
GlobalSTL, an initiative of BioSTL, is the premier business development platform for digital health companies looking to access Midwest customers. The GlobalSTL platform of strategic business development partners includes 18 healthcare organizations from five Midwestern states whose combined revenues are $410 billion (10% US healthcare spend) – and growing. GlobalSTL sources needs-based innovation that addresses strategic interests and pain points for our platform partners.
GlobalSTL has a proven track record of sourcing cutting-edge innovations from around the globe to solve pain points related to healthcare and delivery and hospital operations for regional hospital systems and providers, payers, and pharmacy benefits managers. Overwhelming, GlobalSTL heard from its partners that the number one concern was retaining and attracting a workforce to handle the ever-shifting healthcare needs, especially since the height of the pandemic.
GlobalSTL Workforce Innovation Summit Goals:
- Showcase practical and innovative approaches to immediately increase workforce supply
- Learn about healthcare workforce models for the post-pandemic era
- Engage with a curated Workforce Solutions toolbox to address pressing workforce issues
Highlights of the 2022 GlobalSTL Health Innovation Summit on Workforce:
- How to reduce travel nurse spending by 25 percent in six months
- Implementing a new healthcare workforce strategy for the post-pandemic era
- How to access the latent healthcare workforce that the Great Resignation created
- Learn why reimagining the base of the workforce pyramid is key to health system profitability
“Today’s healthcare workforce crisis affecting the cost of care and increasingly access to care will not go away with the same thinking that we have used in the past,” said Vijay Chauhan, GlobalSTL Lead. “The workforce landscape is changing quickly, and many believe that it will not look the same as it did pre-pandemic. Health systems must adapt and implement innovative solutions in addition to developing their own change-management strategies to propel the shift required to implement systematic change. Our Summit will showcase curated case studies of health systems addressing the workforce challenges head-on and in a ‘no spin-zone’ environment with healthcare’s key decision makers all in one room to provide a one-of-a-kind learning experience for everyone in attendance.”
Healthcare workforce innovation companies participating in the 2022 GlobalSTL Health Innovation Summit on Workforce include:
- Aiva is a virtual health assistant providing voice-powered care for Smart Rooms in hospital patient rooms, rehab facilities, and senior living communities. Aiva uses a secure enterprise platform for Amazon Echos, Google Homes, and other voice assistants to increase satisfaction for caregivers and patients alike.
- AvaSure’s TeleSitter helps hospitals reduce the cost of using one-to-one sitters to avert patient harms. AvaSure delivers advanced 24/7 virtual monitoring solutions that improve safety across the entire health system, alleviating workforce burdens while providing better clinical outcomes and peace of mind. AvaSure’s virtual solutions integrate with electronic health records.
- Laudio’s Leader Operations Solution automates repetitive work, then recommends actions and best practices so leaders can gain better visibility with their staff, create meaningful team connections, and have a more straightforward path to meet goals. Organizations using Laudio see better performance regarding employee retention, engagement, and satisfaction.
- MedArrive enables healthcare providers and payers to power care services into the home, leveraging a fully integrated care management platform that bridges the virtual care gap with physician-led telemedicine combined with our network of EMS professionals.
- Prolucent Health provides hospital systems an AI-powered platform to unify staffing efforts across the entire workforce and transform talent acquisition. Launched by a team of seasoned healthcare technology executives, Prolucent is leading the change needed to meet workforce demands in healthcare through innovation and thoughtful disruption.
- ShiftMed is a healthcare marketplace designed to help nurses and healthcare professionals find open shifts at neighboring facilities that need additional support. As one of the largest workforce management platforms in healthcare, ShiftMed’s platform delivers easy-to-use, effective, and innovative tools that help providers streamline day-to-day operations and optimize show rates.
- Uber Health is a HIPAA-compliant technology solution for healthcare organizations that leverages the ride-hailing power of the Uber platform. Unlike traditional patient transportation options, Uber Health leverages the on-demand reliability and efficiency of the Uber network and puts it to work for you to reduce the transportation barrier to care. Its web-based dashboard allows healthcare professionals to request, manage, and pay for rides for others, at scale. Healthcare organizations are using Uber Health to help get people to and from the care they need and to get staff to and from work. Using Uber Health, healthcare partners can arrange, schedule, and track rides at the touch of a button.
- Woebot is a mental health chatbot that creates a human-level therapeutic bond, enabling it to effectively deliver clinically validated therapy. Through tiny, endearing conversations, Woebot gets to know how each user thinks and their goals to then personalize check-ins and walk users through clinically tested techniques best suited for them, all while eliminating stigma, waitlists, and geographic barriers associated with accessing mental and behavioral healthcare.
Read the full agenda here.
The following companies, healthcare organizations and associations are attending:
Advent Health | Ascension Health | Banner Health | BJC HealthCare | Centene Corporation | Chestnut Health System | CoxHealth | Dartmouth Health | Froedtert Health | Kaiser Permanente | Lake Regional Health System | Memorial Health | Mercy | Missouri Behavioral Health Council | Missouri Hospital Association | Molina Healthcare | MU Health Care | OSF HealthCare | Saint Louis University School of Medicine | Southern Illinois Health | SSMHealth | UnityPoint Health | Washington University in St. Louis School of Medicine
Watch the recap video of the 2022 GlobalSTL Health Innovation Summit on Workforce: