349: Can AI Reinvent Healthcare Admin? Cutting $260B in Waste and Optimizing Revenue Cycles with William Chan, CEO of Iodine Software

William Chan is the co-founder and CEO of Iodine Software, a company he helped launch in 2010 to pioneer the use of AI in helping healthcare providers get paid. A serial entrepreneur, he previously co-founded WhisperWire, acquired by Convergys, and Crimson, acquired by The Advisory Board, and has held product leadership roles at companies including Oracle. William holds a BS in computer science from Cornell University and an MBA from Harvard Business School.In this conversation, we discuss:The challenges hospitals face in accurately capturing patient care details for proper reimbursement.How AI can address staffing shortages by assisting with clinical documentation review.The importance of responsible AI that supports, rather than replaces, human decision-making in healthcare.Strategies to reduce bias and improve accuracy by training AI models on diverse datasets from different hospital types and geographies.Why AI must deliver clear, actionable insights that clinicians can validate, ensuring trust and accountability in healthcare decisions.William’s vision for reducing the $260 billion in administrative waste and enabling providers to focus more on patient care.Resources:Subscribe to the AI & The Future of Work NewsletterConnect with William on LinkedInAI fun fact articleOn How To Revolutionizing Finance and Decision-MakingPast episodes mentioned in this conversation:[With Dr. Shiv Rao, CEO and Co-Founder of Abridge] - On How Generative AI is fixing the Biggest Problem faced by Doctors

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