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Reducing patient costs through machine learning and comparable supply categorization
Reducing patient costs through machine learning and comparable supply categorization
By Megan Bultema and Jackie Kokx Until recently, clinical practitioners focused almost exclusively on providing individual patients with safe and accurate treatment. Physicians favored methods that yielded the best outcomes for patients solely on a case-by-case basis. However, the needs of the medical sector are changing. An increase in demand has highlighted the variation that […]
Combine your powers of AI-enabled data analytics, machine learning and expert systems for maximum return
Combine your powers of AI-enabled data analytics, machine learning and expert systems for maximum return
By Justin Schaper and Megan Bultema Artificial intelligence (AI) is revolutionizing healthcare data analytics and changing the way we predict, learn and act based on insights gained through AI-powered data models. At Olive, we’ve learned that solving healthcare problems requires multiple types of solutions and technologies. In addition to AI, we use natural language processing […]
It’s not just about WASTE in healthcare — it’s also about TRASH
It’s not just about WASTE in healthcare — it’s also about TRASH
According to a recent JAMA review, the cost of waste in the U.S. healthcare system ranges from $760 billion to $935 billion annually.1 This waste is attributed to administration complexity, pricing, failure of care delivery, overtreatment or low-value care, fraud and abuse, and effectiveness of care coordination. But what about actual waste — the waste […]
The untapped waste in healthcare supply chain is physician-centric
The untapped waste in healthcare supply chain is physician-centric
By Dan Pietrusinkski According to a recent Modern Healthcare article and Navigant study, hospitals have a $25.7 billion cost savings opportunity — equating to an individual hospital savings of up to $12.1 million per year or the equivalent of 165 registered nurses.1 This probably doesn’t come as a surprise to any supply chain leader. After […]
Why reducing clinical variation in surgery is crucial to the ‘new normal’ of care
Why reducing clinical variation in surgery is crucial to the ‘new normal’ of care
When entrepreneurs build companies, they have a simple goal: to progress from an initial concept to a repeatable, profitable business model. For the first few months, the firm builds out its operational model. Then, once it attains the winning formula, it hopefully rinses and repeats. The resulting consistency drives down costs and improves quality, helping […]
7 tips to champion an AI initiative at your healthcare organization
7 tips to champion an AI initiative at your healthcare organization
You’re ready for AI and automation at your health system – but is the rest of your organization? Artificial intelligence is a transformational technology that can become the true backbone of your operations. When deployed at scale, it can have an exponential impact on your organization’s efficiency and care delivery. But to ensure that your […]
As AI use cases grow, is the AI-powered hospital the future for health systems?
As AI use cases grow, is the AI-powered hospital the future for health systems?
As adoption of artificial intelligence continues to grow across the industry, healthcare executives are pondering the future of work in the era of AI. And while our particular vision at Olive doesn’t include bots taking patient vitals and performing robot-assisted surgeries, we do envision health systems becoming what we call an ‘AI-Powered Hospital’. That means […]
5 reasons healthcare executives prefer AI-as-a-Service
5 reasons healthcare executives prefer AI-as-a-Service
A recent survey by Sage Growth Partners found that health system executives prefer a holistic approach to purchasing artificial intelligence services, with nearly half favoring a partner that can deliver an all-in-one offering. It’s called AI as a Service, or AIaaS.   Like other ‘as a Service’ models that have gained traction in recent years throughout […]

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