"So... what's your AI strategy?" (I bet you've heard this one before )
Let's get real about AI in healthcare.
After 30+ years in tech and healthcare, and countless conversations with leaders across the industry, I've noticed something: we're all being asked about, and talking about our AI strategy, but few of us are talking about what we're actually going to DO with it.
🔍 The Investment Reality:
$370B: Potential value AI could bring to healthcare
$30B+: Invested in the last three years
Reality check: Only a handful of companies are scaling successfully
Thanks to Flare Capital Partners for sharing these market insights - their deep healthcare investment expertise helps put these trends in perspective.
Here's what no one is talking about - where the money's REALLY going:
🚀 Startups:
Leading the AI revolution in clinical solutions and financial efficiency
Pushing boundaries in patient engagement
Hard truth: Many are struggling with healthcare's complex scaling challenges
🏥 The Established Players:
Health Plans:
• Focusing on value-based care optimization
• Streamlining administrative tasks
• Goal: Better care management → lower premiums
Healthcare Providers:
• Prioritizing operational efficiency wins
• Testing clinical decision support
• Adoption has been slow, but growing optimism about reducing clinical workloads
Large Healthcare Organizations:
• Taking a cautious approach
• Focusing on proven ROI: back-office automation and patient engagement
MedTech & Pharma:
• MedTech: Revolutionizing imaging & diagnostics
• Pharma: Accelerating drug discovery & trials
• Key difference: Pharma seeing faster ROI despite regulatory hurdles
⚖️ The Regulatory Landscape: Federal agencies are waking up to AI's potential, but here's the catch - regulations need to catch up and be aligned at across all governmental entities. This will be crucial for safe, effective implementation across healthcare.
🎯 What Keeps Me Up at Night: We have the potential to address some of healthcare's most intractable challenges, but only if we move beyond the starry-eyed hyperbole and focus on true outcomes-driven change.
HTD Health is taking an opinionated stance: AI isn't just another tech trend – it's a tool for making healthcare work better for everyone. But it takes more than investment dollars and flashy demos. It takes experience, data, and a commitment to real-world results.
This is the first in a series where I'll break down what's actually happening at the intersection of AI, interoperability, policy, and healthcare business. No fluff, just practical insights from someone who's been in the trenches across healthcare.
I'd love to hear your thoughts: What's your organization actually DOING with AI, beyond the strategy decks? Drop a 👋 below if you'd like to discuss this offline and/or put me in my place.
Sparking Imagination for Responsible AI & Health
7mo✪ Ryan this is a phenomenal competition, I'm so excited to see Klick leading the exploration of disruption! Would love to hear about what you learned in the process and if there are insights we could share through the Society for AI & Health (SAIH).