Revolutionizing Healthcare with AI
Eli Ben-Joseph, co-founder and CEO of Regard, sat down with the Slice of Healthcare podcast to share his journey and the innovative steps his company is taking to alleviate clinician burnout. Eli, alongside his co-founders, identified a glaring issue during their time shadowing doctors: the overwhelming amount of data and administrative tasks was detracting from patient care, the very reason many doctors entered the profession.
The Birth of Regard
The concept behind Regard began taking shape during Eli’s time at Stanford, where he and his co-founders recognized a growing problem in the medical field—clinician burnout caused by data overload. Instead of following the traditional path to medical school, the trio focused on solving this issue, leveraging their experiences and insights into the healthcare industry. This led to the development of an AI-driven platform designed to streamline workflows and allow doctors to focus more on patient care.
Tackling Burnout with AI
Eli explains that the key to solving clinician burnout lies in efficiently managing the vast amounts of data generated by electronic medical records (EMRs). Regard’s AI technology enables doctors to access and utilize this data more effectively, reducing the time spent on non-patient-related tasks. According to Eli, "97% of data in a chart does not get seen by a doctor on an average visit," which underscores the need for a solution like Regard that can bring critical information to the forefront.
Strategic Growth and Future Plans
Following a successful Series B funding round led by Oak, Regard is poised for further growth. The company plans to invest heavily in its core product, ensuring it continues to deliver value to its users. Additionally, Eli shared plans to expand into clinics, a move long anticipated by the team but previously limited by resources. The company is also exploring the potential of its data science division, aiming to develop advanced recommendation engines that could significantly enhance patient care.
Lessons from Early Challenges
Eli reflects on the initial challenges Regard faced, particularly the year-long struggle with their first medical record integration. This experience, though tough at the time, was invaluable in honing their processes and ensuring future success. He also offers advice to new founders, emphasizing the importance of delivering tangible value and securing a strong initial customer base to provide the necessary social proof for scaling.
Closing Thoughts
Eli’s journey with Regard is a testament to the power of perseverance and innovation in the healthcare industry. With a clear vision and a commitment to improving clinician workflows, Regard is set to make a lasting impact on how healthcare is delivered. As the company continues to grow, Eli remains focused on ensuring that their technology not only meets current needs but also paves the way for the future of AI in healthcare. Finally, to learn more about our guest and their company please use the links below: - Guest LinkedIn - Company LinkedIn - Company Website - Also, be sure to follow Slice of Healthcare on our social channels: - Website - LinkedIn - Twitter - YouTube - Newsletter -
