Innovaccer, a digital health startup, is tackling a big issue in healthcare: the overwhelming amount of fragmented data. With the recent launch of its software platform, Gravity, the company aims to make healthcare more efficient by streamlining data management.
Abhinav Shashank, Innovaccer’s CEO, sees a critical problem in how technology impacts healthcare. Despite having access to various tools, hospitals struggle with inefficiencies. “Our Uber drivers have better tech than our doctors,” he notes.
Gravity is designed to change that. Instead of logging into multiple platforms, Gravity consolidates various healthcare tools and data in one place. With over 400 connections to sources like electronic health records and insurance claims, it gives healthcare professionals comprehensive access to vital information. This design not only enhances patient care but also aims to cut costs for hospitals.
The need for better data management solutions is timely. The market for healthcare interoperability solutions is projected to grow from $4 billion in 2023 to $14.5 billion by 2034, highlighting a growing recognition of this need (source: Precedence Research).
Shashank emphasizes the importance of integrating technology across different systems. “You need a strong infrastructure for applications to work together,” he says. This understanding comes from his own experiences early on when he and his co-founders transitioned from non-healthcare fields to focusing entirely on healthcare.
Innovaccer has already gained traction, signing contracts with major players like Kaiser Permanente and Banner Health. This success shows that there’s a demand for what they offer. Their approach includes not just AI tools but also applications built by healthcare providers themselves, creating a more tailored solution for individual needs.
Shashank’s vision is to use technology to tackle waste in the U.S. healthcare system, which, according to estimates from JAMA, amounts to as high as $935 billion annually. He believes AI can play a crucial role in minimizing this waste.
In a time when healthcare faces immense challenges, Innovaccer’s Gravity offers a potential path forward. By simplifying data access and enabling better technological integration, hospitals can improve care and efficiency. This innovative approach could set a new standard in healthcare delivery.
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