Welcome to Episode 55 of the Cloud Wars Horizon Minute — featuring news and commentary hosted by Acceleration Economy analyst Tom Smith. Each episode provides insights into one or more Innovation Accelerators on the Cloud Wars Horizon. This episode focuses on healthcare startup Opollo.
01:00 — The startup featured today is Opollo Technologies.
01:20 — This company is a little earlier in its development than most that we cover – it has no paying customers today and hasn’t yet secured funding; the company has bootstrapped itself through sources including startup competitions.
1:28 — Opollo was accepted into an IBM startup accelerator program that gives its plans meaningful validation.
01:45 — Opollo’s founder, and the person who wrote the original code that evolved into the company’s AI platform, is a medical doctor and an MBA who earned those two degrees just one year apart.
02:05 — The company’s plan: Use AI to help healthcare facilities to better plan — that is, monetize — the use of its very valuable emergency rooms by bringing together various data inputs. It’s also creating a marketplace that helps healthcare facilities sell operating room vacancies to health insurance companies
03:00 — In both use cases, customers should benefit from higher revenue and lower costs. Using one dataset it had access to, Opollo found that it could have saved a hospital about $10 million per year and generated $6 million in additional revenue.
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