The Most Interesting Healthcare Companies You've Never Heard Of with Julie Klapstein
Feb 27, 2024
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Join Julie Klapstein and Julie Yoo as they discuss the evolution of healthcare technology, challenges faced by providers and payers, and the role of AI in improving revenue cycle management and clinical decision support. Explore Julie Klapstein's journey in healthcare IT, from battling outdated systems to embracing network effects. Discover the potential of AI in automating tasks within EMR systems and enhancing efficiency in the healthcare industry.
Importance of network effects in healthcare businesses for efficient operations.
Evolution of healthcare technology towards automation and AI for improved efficiency and decision-making.
Deep dives
Julie Clapstein's Extensive Career in Healthcare IT
Julie Clapstein, an advisory partner at A16Z Bio and Health, discusses her decades-long career in healthcare IT. She highlights the challenges faced in the past with inefficient systems, such as batch claims processing and lack of provider-payer communication. Julie emphasizes the importance of network effects and the evolution towards more streamlined processes and the use of AI for improving operations and decision-making.
Evolution of Healthcare Technology Across Eras
Julie Clapstein reflects on the transformation of healthcare technology from the 80s to the 2000s. She describes the shift from manual, paper-based processes to automated systems, including advancements like electronic medical records and data exchange. With a focus on integration and scalability, she outlines the challenges faced and opportunities presented by the evolving landscape of healthcare IT.
MultiPlan's Role in Payer-Provider Interface and Network Effects
Julie Clapstein discusses MultiPlan, a network effects business that facilitates interactions between payers and providers. She explains its role in offering a broad network of providers and managing payment integrity. Comparing MultiPlan to Availability, she emphasizes the importance of automation and AI in streamlining processes and enhancing efficiency in the healthcare industry.
Julie Klapstein, founding CEO of Availity, long-time healthcare executive, and a16z Bio + Health's newest advisory partner, joins Julie Yoo, general partner at a16z Bio + Health.
Together, they delve into Julie Klapstein's rich career journey, which has spanned several decades of progress in healthcare. They also discussed building Availity, her time at MultiPlan, and the network effects undergirding both businesses. Finally, they talk about how AI could impact healthcare—for payors, providers, and the network businesses in between.
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