Everything Julie Yoo said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Yoo: AI task unbundling could nearly double clinical workforce capacity
“So, you know, imagine like almost doubling the capacity of a given clinical labor pool simply by applying some of these unbundling tactics.”
Yoo: Healthcare's lack of SaaS legacy enables faster AI adoption
“One of the dynamics that we believe is driving this rapid adoption cycle of these new AI tools is what we call this kind of leapfrog dynamic, where, you know, healthcare historically has been a laggard with respect to software-based technology. And we've alway…”
Yoo: Healthcare AI will increasingly be sold as digital labor
“We're at a breaking point where the industry needs these solutions, and therefore we're going to see a much higher adoption than we've ever seen before. I think it will come in the form of these super staff. I think we will increasingly see adoption of these A…”
Yoo: AI insurance lawsuits stem from denial speed, not denial rates
“The rate of denials is not going up, it's the speed with which the denials are happening that's going up.”
Yoo: Pandemic accelerates 10-year healthcare modernization trends into 2-3 years
“Now, all of those things were tailwinds that we thought would take 10 years or even longer to play out. But with the current dynamics at play during this pandemic it's more likely that those things will play out in two or three years.”
Yoo: Consumers will sever longstanding provider relationships for affordability and access
“Affordability will become even more prominent of a focus. And as a result, I believe that consumers will be willing to sever longstanding provider relationships in the name of affordability and access.”
Yoo: Health tech should automate admin tasks, not replace doctors
“We think that you know, the right conversation to have there is, you know, what if robots were actually able to automate a way The, you know, 80 to 90% of things that doctors have to do or frontline staff have to do that really take away from the human experie…”
Yoo: Boston has highest U.S. doctor density but severe access issues
“Boston is actually the highest density of physicians in the entire country, but they have the worst access issues because the vast majority of doctors there are working in academic environments.”
Yoo: Most hospitals have 10% to 20% open headcount constantly
“Most hospitals have About 10 to 20% of their head count open at any given time, and they simply just can't find enough people to fill those roles.”
Yoo: Healthcare is uniquely positioned with an existing AI approval framework
“We are the only industry that actually has an existing regulatory framework for approving products, especially in the clinical setting.”
Yoo: Insurers are creating dedicated billing codes for AI-assisted visits
“There are some early signs that insurance companies are creating actual billing codes for AI, where they now say that, you know, an AI enabled, you know, visit or an AI enabled diagnostic can now be reimbursed Differentially, and you can get, you know, sort of…”
Yoo: Electronic health records fail to capture real patient journeys
“EHRs are at best a highly abstract, you know, representation of patient journeys, at worst, you know, just sporadic encounter-related data that really does not capture the essence of what's happening with that individual.”
Yoo: Population-level healthcare inherently fails the majority of patients
“And arguably everything that's wrong with healthcare is because it is done at the population health level, because it's inherently then designed for, like, least common denominator, and therefore, like, the majority of people aren't actually being accommodated…”
Yoo: Automating healthcare claims could eliminate 30% of system waste
“You could eliminate 30% of the waste in our system if you were able to do that.”
Yoo: 100% of healthcare incumbents at JPM claimed active AI deployment
“At this last JP Morgan conference, like, a hundred percent of the incumbent, you know, payers and providers got up on stage and talked about not just what they want to do with AI, but how they're actually deploying AI in practice”
Yoo: Specialized AI models are required to accurately interpret medical information
“This is where I think one of the prime examples where we certainly believe that a specialist, you know, model is necessary to understand the specific nuances of how to interpret medical information versus general internet information.”
Yoo: Healthcare is ahead of tech regarding AI regulatory frameworks
“These are like some of the rare cases where healthcare is actually ahead of the curve as far as technology goes.”
Yoo: US healthcare system cannot bear costs of breakthrough therapies
“Our current healthcare insurance system is just not set up to bear the cost of these therapies, or to accurately gauge their value, given that some are curative, nor are our healthcare providers prepared to manage the complex logistics, data collection, and cl…”
Yoo: Administrative collection tasks consume one-third of US hospital revenue
“Roughly about a third of every dollar of revenue collected by a hospital is spent on Administrative tasks required to collect it, you know, meaning really you're only seeing roughly about a 70% yield on, on every dollar that you're actually supposed to get pai…”
Yoo: Tech-native health insurance neo-carriers represent a huge market opportunity
“We think there's a huge opportunity for sort of neo carriers, so to speak, right? So upstart health insurance products to be built in a tech native fashion. That number one does focus on user experience. Number two does use data in novel ways, whether it be on…”
Yoo: Large health system CFOs often lack financial visibility to cover payroll
“Turns out it's a relatively universal problem. This notion of kind of a system of record, a source of truth for the finances of healthcare providers. And, you know, that, and that has such, you know, significant implications on like broad swaths of workforce, …”
Yoo: The next digital health tech stack will enable risk-bearing care
“If the first generation of the digital health tech stack, which we wrote about in 2020, was about enabling administrative and operational efficiency for virtual first providers, the next generation will be about helping providers bear risk. And enabling payers…”
Yoo: The 2020 recession reversed healthcare labor growth for the first time
“This is the first recession in which the healthcare labor growth has actually been reversed. It's typically been the case that in past recessions, healthcare was the only industry that grew its labor force during those times, but this has been the reverse.”
Yoo: Novel care provider data will soon surpass traditional EHR data value
“The data that are being generated by these novel care providers, you know, outside of the traditional EHRs and the traditional providers is far more high resolution, far more granular. And very soon, I think we're going to be at a tipping point where it's far …”