His company is tackling a $300 billion per year problem of healthcare waste - with a powerful technology and the ease of two little numbers.
Pinaki Dasgupta is a visionary health tech entrepreneur and a passionate advocate of Artificial Intelligence (AI) technology to improve healthcare. He has a successful record of accomplishment with incubating new ideas, launching new businesses and gaining significant revenue in early ventures.
Today, Pinaki is going to discuss about his company Hindsait – a healthcare technology company that uses artificial intelligence and predictive analytics to reduce unnecessary healthcare spend in the U.S. – a problem estimated to cost more than $300B per year.
In this Red Hot Healthcare episode, Dr. Steve and Pinaki discuss:
- The process involving Hindsait's unique algorithm
- How a 'zero-to-one' perspective keeps payer operations simplified
- The challenges of large payer adoption
- Other business sectors for use
Imagine Losing Your Vision...Now Imagine You Might Have NEVER Had To
Life can be a great teacher...though recovering from some of its lessons can be hard. Take retinopathy - the leading cause of blindness for working age Americans between the ages of 20 and 65. The leading cause of this condition is diabetes, growing rapidly to nearly 30 million Americans.
Two big surprises: First is that 90% of all retinopathy-related blindness can be detected early by a simple test; and treated successfully with medication. Second is that less than 50% of all diabetic patients ever get the yearly test in the first place. That's just in America - add on top of that nearly 400 million diabetic individuals worldwide.
How many people will lose their good vision and perhaps entire sight needlessly?
That became the impetus for Intelligent Retinal Imaging Systems or IRIS. Recently at HIMSS17, I had the opportunity to meet and speak with Jason Crawford, the CEO of IRIS. Their powerful retinal scanning technology, coupled with improved patient engagement and care coordination, was awarded the 2017 Microsoft Health Innovation Award.
Their mission is to inject their 2-minute diagnostic test to seamlessly alert both caregivers and patients carrying silent signs of retinopathy. Individuals who unbeknownst to them, would eventually become irreversibly sight-impaired or completely blind.
An example is Cox Health, a not-for-profit health system client in Missouri that serves a population of 24,000 patients with diabetes. In partnership with IRIS and its retinal telemedicine platform, Cox Health was able to bring the DRE to its patients with diabetes at the primary point of care.
By placing the exam at the primary point of care and connecting the data with the facility's EMR, Cox examined more than 2,600 patients. From just those scans, the system and doctors detected 800 potential sight-threatening conditions, including 347 that had a form of diabetic retinopathy with the potential of causing near term blindness.
In this Red Hot Healthcare episode, Dr. Steve and Jason Crawford discuss:
- Why IRIS' unique eye scan technology should be part of every yearly physical and checkup.
- How helping providers operationalize new technology is more necessary than just 'selling cameras'.
- AI and machine learning in applying retinal images to brain, kidney and heart health
- Growth of nearly 3X year-over-year...with more growth in sight
The value-based care train is a comin’ – and estimates point to only 8% of all health systems as ready for the CMS’ changes in risk shifting and care payment. More than that - the quality of communication in transitioning patients into post-acute care is often dismal.
One medical expert recently stated the unsettling reality…that veterinarians often take more time in discharging pets, than care facilities do with their patients.
Today we speak with Clay Richards, the CEO of naviHealth - one of the major leaders in post-acute care coordination. His company’s network carries 20% of all hospital discharges nationally, and he’s here to share some major insight and solutions. It’s right here on Red Hot Healthcare.
In this episode Dr. Steve and Clay discuss:
- Today's high waste levels in post-acute care
- Key predictor data in driving best care
- Poor risk adjustment in post-acute bundling
- The dilemma of provider 'cherry picking'
- naviHealth's powerful blend of patient engagement, timing, and technology
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