Becker's ASC Review

30 HEALTHCARE NEWS 30 ADVERTISINGINDEX Note: Ad page number(s) given in parentheses AdvantageTrust. bit.ly/osn-june (pg. 31) Modio Health. modiohealth.com (pgs. 9-10) nimble solutions. nimblercm.com (pg. 32) Stryker ASC. stryker.com/asc (pg. 2) TeamHealth. teamhealth.com/asc (pgs. 17-21) Zimmer Biomet. zimmerbiomet.com (pg. 3) excited about it," Mr. Becker said. "You feel like you are playing such a game of whac-a- mole, where there are so many people who need this, and medical school tuition is not even the problem as much as it is more residency spots. ere are so many problems. "Other countries are turning out doctors in essentially three years of med school and three years of residency, whereas we are taking four years of med school, four years of residency plus fellowships," Mr. Becker said. "I think there is resentment that you are funding into a system that essentially is antiquated and so out of date. It turns out great doctors, but in a horribly inefficient way compared to other countries." Accelerated medical education isn't a novel idea born from the physician shortage. In Canada, two schools — McMaster University and the University of Calgary — have graduated physicians in three years for decades. In the U.S., accelerated medical education dates back to the 1970s, when the U.S. government urged medical schools to cut education short by one year to help fill looming physician shortages. e 1971 Comprehensive Health Manpower Training Act provided a bonus of $2,000 per student graduating in three years. About a third of medical schools trimmed education by one year by 1973, but did not stay open for long. Programs were discontinued for traditional 4-year programs when shortages eased, federal funding declined and a not insignificant portion of students voluntarily signed on for an additional year to the three they originally committed to. One lesson learned from this time is that redesigning medical school requires far more than compressing curriculums designed for four years into three. Today, donors may feel as though they are maintaining a bureaucratic and broken system by putting funds toward students' medical tuition opposed to other healthcare and medical causes that may be seen as highly transformational, revolutionary or loy. Philanthropists may see the status of the latter as more attractive to associate themselves with. "I hear the issue, and I get it," said Mr. Becker. "I also talk to lots of chiefs of philanthropy who would like to have this happen, but the people who want to give bigger gis typically aren't giving it here. I think there probably is some resentment toward it being so ridiculously expensive and antiquated." n CVS, Amazon shutting down their health businesses By Naomi Diaz A mazon and CVS have been trying their hand at the healthcare industry for years, but not without fail — the two healthcare disruptors recently announced that they would be shuttering some of their healthcare initiatives. Here are three initiatives being shuttered, as reported by Becker's since August 25: 1. CVS Health told Becker's it was wrapping up its clinical trials unit that launched two years ago to focus on its core business and "long-term strategic priorities." The company aims to wind down the clinical trials unit in phases, with a full exit expected by Dec. 31, 2024. 2. On April 26, Amazon said it will be shutting down Halo, its health and fitness device line, starting July 31. Come Aug. 1, all Amazon Halo devices and the Amazon Halo app will no longer function, according to the company. 3. Amazon decided to cease operations of Amazon Care on Dec. 31, 2022. Neil Lindsay, senior vice president of Amazon Health Services, said this was due to service not living up to its expectations for its enterprise customers, which included Whole Foods, Hilton, Silicon Labs and Precor. n

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