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Dr. Michael Gao

👤 Speaker
345 total appearances

Appearances Over Time

Podcast Appearances

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And the reason for that is I think it's actually –

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

you know, I think a large fraction of the market that is the fraction that we're targeting kind of wants to, for lack of better words, retain that expertise internally.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And so they can choose how to do things their way more.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And so I think there might be kind of, whether it's AR or coding or, you know, denials management or something like that, I think there will be potentially components that we take over.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And so I think, you know, you start with the easy stuff, which requires very little operational lift, in which the outcomes are all additive.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And then I think as we, what we hear a lot from our customers is that as they get a sense of the power of our technology and the quality of our work, they tend to want to give us more and more.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

So actually on the access side, interestingly, the vast majority of their growth in revenue are from existing customers rather than new customers.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

Yeah, both breadth and depth.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

So both different areas that they start working on, as well as kind of like the fraction of work within a given area that they that they get.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

I think consolidation has been sort of helpful overall.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And I think it's because...

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

A lot of times with consolidation, health systems suddenly find themselves, you know, when you consolidate, you add all the vendors that every individual hospital you consolidated work with.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And so they suddenly find themselves managing, you know, hundreds or thousands

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

literally even thousands of vendors.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And I think this is where, you know, I think part of the value that we provide to health systems is that we have a range of sort of, you know, technologies, products and solutions and services.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And, you know, with sort of one sort of data feed from your EMR, you can unlock multiple things.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

I think it's certainly much better than the pre-EMR days.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And I think sometimes, just to maybe give you a funny anecdote, when I was a resident, I remember one of the attendings was like, Mike, when we were residents, we saw 50 people a day and you guys have it easy to only see 20 people.

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

And I was like, well...

Vanguards of Health Care by Bloomberg Intelligence
Smarter Technologies’ Blueprint for AI-Driven Revenue Cycle Management

When you were a resident, the care for a heart attack was bed rest.