TriEdge CEO Simcha Hyman Thinks AI Can Tackle a $226 Billion Communication Problem in Healthcare

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-- Healthcare communication breakdowns cost the U.S. system billions annually while contributing to provider burnout, patient dissatisfaction, and potentially compromised care. Despite technological advances in electronic health record (EHR) systems and patient portals, fundamental challenges persist in connecting patients, providers, and families.
"The immediate technical challenge involves creating systems that can translate complex medical information while maintaining privacy safeguards," said Simcha Hyman, CEO of New York-based family office TriEdge Investments. "The longer-term challenge involves integrating these systems into existing workflows without disrupting care delivery.”

A Government Accountability Office report found that lack of care coordination due to data fragmentation costs the healthcare system up to $226 billion annually. Physicians devote nearly half their workday to EHR tasks rather than direct patient care, according to a study published in the Annals of Internal Medicine. Meanwhile, 61% of patients report avoiding doctor visits due to scheduling difficulties, based on a survey by Notable Health.

AI Solutions for Provider-Patient Communication

Recent advances in AI present promising solutions to these longstanding healthcare communication problems. Unlike previous technological approaches, large language models can dynamically interpret and translate complex medical information for different audiences.

"With LLMs, we can now let a doctor enter a chart note and give family members the ability to interpret it based on their level of clinical understanding," said Hyman. 

Healthcare organizations have begun implementing similar technologies. University of California, San Diego School of Medicine researchers published findings in April 2024 demonstrating AI's ability to help physicians draft more empathetic and comprehensive responses to patient messages within Epic Systems' EHR. The study found that AI-assisted messages scored 30% higher in addressing patient concerns and were rated more empathetic than those written without AI assistance.

Similarly, Stanford Health Care implemented ambient clinical intelligence technology that records patient-physician conversations and generates draft clinical notes. Their pilot program showed 96% of physicians found the technology easy to use, and 78% reported it expedited note-taking.

Addressing Administrative Burden and Provider Burnout

The documentation burden in healthcare directly contributes to the alarming rates of provider burnout. Despite a slight decline from pandemic peaks, physician burnout remained high at 48.2% in 2024, with EHR documentation playing a significant role, according to the American Medical Association.

A 2024 survey by Harris Poll and Google Cloud revealed that providers face overwhelming administrative workloads, with clinicians spending approximately 28 hours weekly on administrative tasks and insurance personnel devoting about 36 hours to these responsibilities. This workload directly fuels burnout, with more than 80% of physicians reporting that growing administrative work contributes to their burnout symptoms.

AI-powered documentation solutions have demonstrated potential to alleviate this burden. For example, the AI startup Oscar Health implemented OpenAI technology and reduced the time spent documenting medical conversations by nearly 40%, allowing clinicians to focus more on patient care.

Adoption continues to grow. The AMA's 2024 report on physicians' attitudes toward AI found that 68% recognize benefits to their practice, up slightly from 65% in 2023. Actual AI use among physicians has notably increased, rising from 38% in 2023 to 66% in 2024.

Building Effective Healthcare AI

Simcha Hyman emphasizes that successful AI technology must address real needs in healthcare rather than chase industry hype. "We find that many companies building healthcare technology don't actually understand the real problems," he says.

This perspective has shaped implementation approaches that focus on starting with specific user pain points and providing appropriate training for all stakeholders.

Implementation success depends on combining technological sophistication with deep healthcare operational knowledge. Companies developing these systems must navigate complex regulatory environments, privacy requirements, and the fundamental challenge of translating medical information appropriately.

A critical element often overlooked is the knowledge gap between technology capabilities and clinical users. "A large part of what we're doing involves increasing the technological skill set of healthcare workers," says Hyman. "AI has enormous potential to aid clinicians, but only if they understand how to effectively incorporate it into their practice.”

A systematic review published in 2024 by the Journal of Medical Internet Research found that inadequate training represented the most commonly cited barrier to AI adoption among healthcare professionals.

"Healthcare delivery presents both technical and philosophical challenges," Hyman emphasizes. "Success demands understanding not just what technology can do, but how it should be implemented to serve healthcare's fundamental mission of improving patient outcomes."

For healthcare organizations implementing AI-enhanced communication systems, the goal extends beyond increased efficiency to fundamental improvement in care delivery and outcomes. With more widespread training and acceptance within the medical community, the enhanced transparency and information flow using these technologies could create more connected and effective healthcare environments.

Contact Info:
Name: Alex Morgan
Email: Send Email
Organization: TriEdge Investments
Phone: 0123 456 789
Website: https://www.triedgeinvestments.com/

Release ID: 89161814

CONTACT ISSUER
Name: Alex Morgan
Email: Send Email
Organization: TriEdge Investments
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