“People were stepping over piles of money on the floor to solve really big problems that are important and meaningful to solve like social determinants of health but missing the opportunity that automation and technology could provide to bend the cost curve…and get more money in the system to take care of people, which is where the funding really matters.”
Our CEO and Co-Founder Meghan Gaffney was interviewed by Carrie Nixon and Rebecca Quilt on their podcast, Decoding Healthcare Innovations—a podcast for novel and destructive healthcare business leaders seeking to transform how we receive and experience healthcare.
During Meghan’s time on the podcast, she dives in and focuses mainly on the impact of “peripheral” healthcare innovations: those platforms and technologies which were not initially designed for healthcare.
In the first portion, Meghan goes into detail on how she realized there was a huge opportunity missing in healthcare, and how automation and technology could fix it. Meghan says, “It felt to me at that time like as these conversations were happening people were stepping over piles of money on the floor to solve really big problems that are important and meaningful to solve like social determinants of health but missing the opportunity that automation and technology could provide to bend the cost curve and save money so that the 25 to 30 percent of our premium dollars that today go to healthcare administration could be reduced and get more money in the system to take care of people, which is where the funding really matters.” She continues speaking about how our other Co-Founder and CTO, Bob Linder helped her vision come to life, and how Veda was born.
Meghan and Carrie continue discussing issues that arise when it comes to looking up providers, which providers fall under your health plan, and data that may not be updated in the system. That is where veda comes to the rescue. Veda’s Velocity platform automates roster intake and takes your unstructured, unwieldy files, and standardizes it to your preferred format for faster, more accurate data management. Using patented AI technology, Velocity enables files to be verified, corrected, and updated within your database… fast.
Carrie closes out the podcast by asking Meghan if she has any advice for the listeners. Meghan goes into some great detail for those who are looking to become entrepreneurs, and for those who are looking to get into the healthcare industry.
Click here to listen or watch the entire podcast episode.
