AI can mitigate some pain points in the healthcare sector
That's the opinion of two executives at FTV Capital in a guest column for Crunchbase News.
Alex Mason is a Partner and Justin Levine is a Senior Associate, both with FTV Capital. In this recent guest column for Crunchbase News, they noted that few sectors have undergone a more rapid transformation than healthcare information technology (IT).
“When the pandemic hit, the technology backbone supporting health systems strained under unprecedented demands,” they wrote. “Healthcare IT companies were pushed into a new frontier — needing to facilitate a vastly different operating environment for their customers, dealing with surges in claims, billing, staffing, video appointments, vaccine scheduling and many more dynamics.”
Mason and Levine suggest that “healthcare is at a breaking point, but technology — in many cases enriched by AI (artificial intelligence) — may finally be robust enough to provide workable solutions to what’s ailing the sector.”
They offer four predictions:
- AI will take some of the pain out of revenue cycle management;
- Health tech will blur the lines between employers and insurers;
- Value-based payments will get operationalized; and
- AI-assisted clinical decisions will become the norm.