Enabling High-Value Provider Performance Through Dynamic Healthcare Analytics with Keith Somers
Keith Somers is the Co-founder & COO of HealthCorum, it is a health data analytics company uniquely focused on identifying care that is unnecessary and of low-value to patients, eliminating wasteful spending prevalent in provider networks and saving money for healthcare organizations. In this episode, we talked about how HealthCorum uniquely focuses on developing technology to identify and reduce the delivery of low-value care.
Who is Keith Somers? [1:42]
Keith is a business development specialist and multi-time startup founder, with experience both scaling operations and selling within large SaaS organizations. As a Co-founder at HealthCorum, he is responsible for managing company operations and all market interactions.
Finding a co-founder [3:48]
Co-founder Lab helped Keith find his perfect partner for his business.
From SAAS to healthcare industry [5:23]
The opportunity in the rise of value-based payment models.
What is HealthCorum? [7:01]
HealthCorum is a health data analytics company uniquely focused on identifying care that is unnecessary and of low-value to patients, eliminating wasteful spending prevalent in provider networks and saving money for healthcare organizations.
Reducing healthcare costs and “low value” to the patients explained [8:13]
Keith explains that this term is widely recognized in the industry, but essentially it refers to care. That is either unnecessary or brings additional risks with it and ultimately is not a good value for the patient.
AI in healthcare? [10:58]
HealthCorum has developed a first-of-its-kind AI technology called the HealthCorum Neural Network (HNN) which learns from existing clinical guidelines and formulates an unbiased logic to recognize instances of low-value care in health claims data.
Biggest milestone and accomplishment for Keith and HealthCorum [15:25]
In 2020, they signed a multi-year deal with a health plan.
Biggest challenges and how they dealt with it? [16:45]
Keith said “the biggest challenge is getting that first customer and getting them to take that leap of faith” as it is difficult when you're in this space and talking about data. The customer always wants quality assurance before committing and paying.
Keith answers the rapid-fire round of questions [23:22]