The 10 Most Innovative Companies Bringing AI to Healthcare The 10 Most Innovative Companies Bringing AI to He | Page 13

level to serve the evolving needs of payer and provider clients that manage the clinical and administrative needs of millions of lives in the US alone. The company believes, technology can be used to exponentially scale the engagement, monitoring, and day-to- day care; to coordinate with the most vulnerable and at-risk populations (Medicaid, Medicare, and Dual Eligible). By personalizing intelligent engagement, making technology invisible, cost negligible, and complexity irrelevant, while meeting patients’ requirements, technologically, intellectually, culturally, and emotionally. “An engaged consumer is a healthier consumer. Engagement is the block-buster drug of the century,” says the CEO. According to VentureBeat, Care Angel is one of the three most Valuable Applications of AI in Healthcare, AI- powered Virtual Nurse Assistants; estimating the value of virtual nurse assistants to a whopping $20 billion. never been proactively cared for due to lack of human labor resources, complexity, and costs. The company believes that in the not-too distant future, when one leaves a physician’s office or a hospital setting and goes home, an intelligent AI-powered Virtual Nurse Assistant, like Angel, will do all the automated follow up as an extension of the existing care teams to help one to be healthy and informed, and connected to care, while family members and clinical care managers are alerted when there is an issue or a need, catching small issues before they become hospitalizations. The exponential capacity is enormous. “ Transforming Healthcare Engagement “ The company believes access to quality healthcare is a right all should have. Care Angel’s mission is to empower millions to take better care. The company was established after putting together a decade worth of experience in applying telehealth technologies; to make care more accessible, affordable, and available for basic episodic and chronic care. “Post-acute episodic care accounts for only about 15 percent of healthcare costs, the remaining 85 percent of costs are attributed to chronic care,” asserts the CEO of Care Angel. Here lies Care Angel’s ultimate challenge −to apply the momentum and principles of remote care to ten times the populations that have traditionally The Enthusiastic Promoter of Care Angel Wolf Shlagman is the CEO, Founder, and Chief Angel of Care Angel. He is a creative technologist, tinkerer, and visionary behind the success of the company. He has a long history of using technology to create solutions that make several aspects of life more accessible, convenient, cost effective, efficient, and consumer friendly. As a serial entrepreneur, Wolf previously founded ‘Consult a Doctor’ in 2007, one of the earliest pioneers of B2B2C telemedicine platforms, which was acquired by Teladoc, Inc. (NYSE: TDOC), a Kleiner, Perkins portfolio company, in 2013 and the combined companies were taken public shortly thereafter. As an innovator, Wolf has been shaping and transforming the telehealth space since the earliest days of digital health, nearly 20 years ago. He is a technological and business leader with executive level strategic, technical, and partnership development experience. He is recognized as being a hands-on leader who is driven by passion in the pursuit of building impactful enterprise platforms and consumer solutions targeted to help alleviate the most pressing challenges affecting the entire healthcare ecosystem. Care Angel is especially meaningful, as it will help to care for millions who lack access, most notably our parents and grandparents. A large amount of healthcare costs go towards managing chronic conditions, mostly in seniors. Along with this the high-risk, rising-risk, high cost, and vulnerable populations around the world, is affecting billions of lives. Understanding this major demographic shift, Wolf set out to transform how his mom and people across the globe are taken care of. Foreseeing the major void in the market, Wolf was determined to help the industry and the people it serves, by applying technology to take better care of their conditions, from the comfort of their homes. But it goes much deeper than that, because the caregivers, providers and clinicians are also experiencing severe burnout due to the shortage of millions of physicians, care managers, and nurses around the world. We have