Simplifying healthcare processes through AI can revolutionize patient care and improve payment accuracy. On this episode of The Beat, recorded live at ViVE 2024, Rajeev Ronanki, CEO of Lyric AI, discusses the healthcare industry's digital transformation and the role of technology in improving patient care, emphasizing the importance of simplifying healthcare processes, utilizing AI, blockchain, and machine learning to streamline transactions and improve payment accuracy. He highlights the need for a platform-based approach in healthcare, where data-driven insights can predict and prevent diseases, ultimately leading to proactive and personalized healthcare. Rajeev stresses the ethical use of AI, advocating for transparency, data quality assessment, ongoing monitoring, and human oversight. He also discusses the future of payment innovation, emphasizing the importance of structure and reliability in transactions to enhance efficiency. Tune in and learn how AI and digital technologies can revolutionize healthcare delivery, improve patient outcomes, and reduce waste in the industry.
About Rajeev Ronanki:
Rajeev Ronanki has over 25 years of experience in innovation-driven industry and social change across healthcare and technology. As the CEO of Lyric, his leadership is marked by a commitment to reimagine healthcare through the lens of artificial intelligence to reduce complexity and help simplify the business of care.
Previously, Raj spearheaded the transformation of Elevance Health into a digital health platform as President of Carelon Digital Platforms. Prior to that, he established and led Deloitte’s life sciences and healthcare advanced analytics, artificial intelligence, and innovation practices.
A best-selling author and an authority on AI in healthcare, Raj is a coveted speaker, recently headlining the inaugural TED AI conference. He champions responsible AI, advocating for human-centric approaches, fairness, and bias reduction in technology. His career is a testament to his visionary leadership, constantly pushing the boundaries of healthcare technology.
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