In this episode we talk with John Keith, CEO, & Nikhil Mendhi, President & COO of Exponential AI. Tune in to learn why Healthcare Payers need AI today, areas to invest in, and more. This episode is sponsored by Exponential AI.
Summary
Why Healthcare Payers Need AI Today: Insights from Exponential AI's CEO and President/COO
The Healthcare Ecosystem Needs Fixing - and AI Can Help
In this episode of Becker's Hospital Review, host Ryan Mohammed talks to John Keith, CEO of Exponential AI, and Mandy Kilmentee, President and COO of Exponential AI. The urgency for AI in healthcare is clear: the healthcare ecosystem is broken, and AI can help create transparency, streamline operations, and build longitudinal views of care.
Real-time AI solutions at scale are necessary to make an impact in healthcare, Keith states. Kilmentee, who has experience in healthcare, notes that they are driven by their desire for innovation and transformation.
Overcoming the Challenges of AI Adoption in Healthcare
A few key factors challenging AI adoption in healthcare are cost, regulatory compliance, and lack of real-time data processing capabilities. Organizations need to invest in cloud-based solutions that enable real-time data processing and regulatory compliance. Additionally, they should focus on AI initiatives that generate immediate savings to offset implementation costs.
Leadership Commitment is Essential for Successful AI Implementation
The key factor in successful AI implementation today is leadership commitment. AI software is unique and requires retraining algorithms tailored to an organization's needs. Transparency and explainability of the algorithm are also important in building trust among users. Lastly, it's important to monitor and tweak algorithms as regulations and contracts shift and change over time.
This episode is sponsored by Exponential AI
Exponential AI's CEO and President/COO shared insights on why healthcare payers need AI today and the most critical factors for successful adoption in healthcare. Their extensive experience in healthcare and AI implementation have proven invaluable. This episode is sponsored by Exponential AI.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 03/06/2023 and can be listened here.
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