Empowered Patient Podcast

Dr. Michael Gao, Co-Founder and CEO of SmarterDx, discusses the challenges hospitals face in getting paid for their services. He explains that the revenue cycle, which involves generating accurate receipts for patient care, is a complex process that requires manual work from healthcare professionals. SmarterDx is streamlining the process by using AI to scan and analyze medical data, allowing professionals to focus on making judgments based on clinically validated data to report and bill more accurately for actions taken.   Michael explains, "One of the biggest challenges in the healthcare environment today is that hospitals have a hard time getting paid to provide the services they do for sick patients. And we've all seen through COVID, and certainly, in modern-day, these organizations are operating off of 1% operating margins or even losing money year over year. I think, very fundamentally, the problem that we're trying to solve is how do we make sure that the hospital can tell a complete patient story and