CodaMetrix’s Post

The automation of medical coding, expediting insurance approval process, virtual AI-based care coordination and revenue analysis... just a few ways AI is helping with administrative burdens in the healthcare sector. How is your organization adopting technology to offset such burdens? Marina Tempkin with TechCrunch highlights startups that are working towards an integrated future with AI. #healthcare #LEAN #artificialintelligence https://lnkd.in/gNYVTwrt

As a small business owner and consultant, I’m always on the lookout for innovations that can benefit healthcare providers. The recent article from TechCrunch highlighting the most exciting digital health startups of 2024 showcases the incredible potential of AI and technology in healthcare. ✨ Key Highlights from the Article: Automation of Routine Tasks 🚀: Startups are leveraging AI to handle repetitive administrative tasks, allowing healthcare professionals to focus more on patient care. Cost Efficiency 💰: These technologies are reducing operational costs, freeing up resources to enhance patient services. Error Reduction 📉: Advanced tech solutions are minimizing human errors in data management, ensuring more accurate and reliable records. Improved Patient Experience ❤️: Innovations in digital health are streamlining processes, leading to faster service and greater patient satisfaction. At HealthTok, we are committed to integrating these cutting-edge technologies into healthcare practices to create smoother, more efficient operations. Let’s work together to harness the power of AI and technology, just like the innovative startups featured in the article. #HealthcareInnovation #AIAutomation #EfficiencyInHealthcare #TechInHealthcare

📃 Incumbent EHRs (i.e. Epic) are entering the #GenAI Autonomous Medical Scribe space with a little help from their Tech Giant Friends (i.e. Microsoft) https://lnkd.in/gQKft_Uh 🤓 See the market map / spreadsheet pic from an article by Paulius Mui, MD and Ben Lee https://lnkd.in/g_tqMSAh 👍 Integration into the largest EHR is a huge selling point, assuming that provider onboarding time is a fraction of the time of a 3rd party tool.  🤔 Should Autonomous Med scribe startup competitors follow a similar GTM channel, partnering with existing EHRs? If so, startups may less frequently have to engage providers for a sale - the EHR will sell on the startup's behalf. 👍 This tool's 40% increase in first-time approval of Prior Auth is impressive. Some physicians state that interactions with insurance carriers is the cause of documentation burden (which is the cause of physician burnout).  🤔 How do startups counterposition GTM and Product to maneuver around the giants? I think answer lies in the ability to rapidly iterate without the bureaucracy of partnerships between huge incumbents. 🚢 Will these giants be able to keep up with more nimble startups, especially in a market that is moving as fast as GenAI?

The trusted relationship between a patient and their PCP is a critical factor in managing health. This relationship should not be replaced by “pods” or even by well meaning access to random PCPs on-demand via telemedicine. Instead we should support our PCPs, incentivize them appropriately, and reduce administrative burden that strains their time with patients. Let’s put PCPs and patients at the center of healthcare.

Maintaining focus is one of the biggest challenges for med device and healthtech startups, given the degree of industry churn (see article below). At the same time, staying aware of industry dynamics decreases your risk of being unexpectedly disrupted by a new competitor, policy change, champion departure, an M&A deal involving a prospective customer, law change… How does your team balance focus and market vigilance? Article Link: https://lnkd.in/gMNEg5y2 #healthtechstartup #medtechinnovator #healthcareinnovation #startupteam #teameffectiveness #teamstrengths #healthtechinvesting #angelinvesting #femalefounders #womenininnovation

The #CarePod is ready to see you! Very interesting concept that has been in the air for years: “The AI-based #CarePods, bring health diagnostics and care plans from doctors’ offices directly to the public, putting users in the driver’s seat of their health, Aoun said. “#Forward leverages proprietary #AI to turn clinical expertise and the latest medical research into diagnostic tools and care plans for #CarePod users. "Slowly but surely, what we're doing is just migrating every single thing from doctors and nurses to hardware and software," Let’s allow that thought to sink in for a bit… I just think it could be a Primary Care game changer briging healthcare to the hands of many addressing the needs of the conscious #healthcare #consumer that wants to stay on top of their healthcare management without waiting for the annual checkup to happen… Disruptive? For sure… gamechanger? highly likely, many, many moving parts to close the loop, but the proof of concept is out there…as usual, good article, a lot of innovation, as usual, make your own opinion…

Considering the frustration of waiting for hours in a clinic or emergency room, especially amidst a hectic schedule or for minor issues, would you opt for a service that eliminates those wait times? CarePods present a convenient and efficient solution, offering quality care without the hassle of wasting time or money. Even if this concept doesn't become widespread, I appreciate the innovative efforts aimed at making #affordablehealthcare accessible to all. Forward is revolutionizing the primary care industry through its use of #ai and a data-driven approach. #HealthcareInnovation #ForwardThinking #AccessibleCare

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