Special Guests:
Lyle Berkowitz, MD, FACP, FHIMSS - LinkedIn
Sergei Polevikov, ABD, MBA, MS, MA 🇮🇱🇺🇦 - LinkedIn
Technology vs Tech-Enabled Services in Healthcare
I'm not sure why they're so obsessed with the technology. I'm much happier being on the service side because I get all this great, cool technology and I just see the cost going down and down and down. is the technology gets better and better, which I love. That's great for me. So if I'm a VC, I'm like, should I be investing in technology or should I be investing in tech-enabled services that take advantage of all this technology? I was at a conference recently where talking to a couple of the ambient AI vendors who were saying, yeah, we're doing something special. It's not going to be a race to the bottom on price. And every single health system there was like, it is. And so I'd love to hear what, and this is a smart panel, what you guys think. But from my perspective, I'm living, I'm very happy because this is an amazing explosion of technology, which we're getting, it's getting cheaper, better, faster for us to use. And the end of the day, yeah, I still get paid via E&M codes or other mechanisms to take care of patients. And the more efficient I do it, the better I've often said, We don't have a shortage of physicians in this country. We have a shortage of using them efficiently.
AI's Potential to Enhance FHIR
And I think to kind of wrap this around AI, and this is how we're thinking about AI in the context of all this, is we think AI at a high level can supercharge fire's potential.
Big Tech's Market Threat
And for all I know, they can just come in and wipe the whole market. I think right now they have better opportunities. They see so many so much distortion and negativity in health care. And they're just waiting on the sidelines for now. But but that's a big elephant in the room.
Valuation and Competition in Tech Investments
And I don't provide access to just a workforce. I'm giving access to a highly tech-enabled virtualist workforce to do as much care as possible, as efficiently as possible. I'm ecstatic about all the money that's being thrown at these companies, but I also recognize there are only gonna be a couple of winners. And maybe there's a philosophy that you throw as much money as you can at one company until they become the winner, but I still will be curious as how they're gonna grow into their valuations when Ambien AI could charge $500 per doctor per month two years ago, then 200, then 100, then 50, then 20, then they're going to give away for free or pay us to use it. I'm not sure. But I'd love to throw that out there to the folks. And Michael, you're working on, I'm not sure how much you're building or repurposing, et cetera, tech, but I'd love to hear how you're going to compete and in a world where there's so much VC being thrown at these things, but the tech's getting easier and easier every day.
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