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Olive: The All-in-One AI Solution for Healthcare

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The word artificial intelligence (AI) is synonymous with transformation across every industry today, and healthcare is no exception. AI is radically altering the face of healthcare by enabling healthcare organizations to leverage the sea of data they possess. However, amid this paradigm shift, what is imperative for organizations is to separate the wheat from the chaff. Organizations must realize that the potential of AI goes beyond automating tasks. In that case, any bot can automate tasks with robotic process automation (RPA). But what is pivotal for organizations is to have an intelligent AI strategy that can penetrate deeper and align with the organization’s workflow while paving the way for sustained optimization in the future.

Enter Olive – an all-encompassing AI solution that supports and optimizes every administrative workflow of a healthcare provider. Olive is more like an AI workforce that can seamlessly work alongside healthcare employees to think cognitively and make complex decisions more precisely and faster. Olive’s extensive AI capabilities enable healthcare organizations to enhance their processes, from revenue cycle and supply chain management to pharmaceutical and shared services. Notably, Olive is the only healthcare-specific artificial intelligence as a service (AIaaS) solution currently available in the market.

Sean Lane, CEO of Olive, says that more than $1 trillion is being wasted in spending in the healthcare landscape, and Olive’s goal is to eradicate that wastage. “We have talked about the trillion dollars of waste in healthcare; our goal is to shift those resources to other areas,” Lane remarks. “We are looking into global expansion and the applicability of our products across the whole planet. Our market is much larger than just a trillion dollars of waste in the U.S. It is probably $4 to $5 trillion is the waste that we’re hoping to help automate,” he adds.



At the core of this intelligent automation is three powerful AI engines – Alpha, Omega, and Deep Purple. Alpha enables Olive to identify the right processes to automate and implement high-value automation. It thereby allows organizations to confidently prioritize their processes for automation and accelerate the time to build them. Meanwhile, Omega is a central operations center that ensures Olive delivers reliable, quality, and continuous improvements. It consequently relieves organizations of the burden of AI maintenance and optimization. At the same time, Deep Purple is a network that keeps on ameliorating the efficiencies of Olive. Garnering intelligence from every healthcare organization that has hired Olive, Deep Purple constantly enhances the foundation of Olive, making it more resilient and powerful day by day.

But that’s not all! With its data visualization framework, Apertures, Olive provides organizations with unparalleled visibility into its performance and value. The data visualizations offer pivotal insights about Olive’s performance, reflecting the value that customers want and need to know about. Apertures reduce complexity, increase intuitiveness, and track Olive’s impact around the clock.

Riding on the coattails of such expansive capabilities, Olive is swiftly carving a niche out for itself as the go-to AI solution for healthcare providers. With the calling to make healthcare more efficient, more affordable, and more human, Olive is rapidly progressing on its mission to revolutionize healthcare with AI.

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Top 10 Healthcare Startups - 2021

Company
Olive

Headquarters
Columbus, OH

Management
Sean Lane, CEO , Olive

Description
Olive’s extensive AI capabilities enable healthcare organizations to enhance their processes, from revenue cycle and supply chain management to pharmaceutical and shared services. Olive is more like an AI workforce that can seamlessly work alongside healthcare employees to think cognitively and make complex decisions more precisely and faster. Notably, Olive is the only healthcare-specific artificial intelligence as a service (AIaaS) solution currently available in the market.