Latest / CareTalk: Healthcare. Unfiltered. / Advancing Healthcare Accessibility With Analytics & AI w/ Rajesh Subramaniam, ResultsCX | HealthBiz Brief
Transcript
- 0:00Can advanced analytics and AI transform healthcare, making it more accessible, efficient, and effective?
- 0:07I'd like to think so, but we've heard these kinds of promises before.
- 0:11So what's different now?
- 0:17Welcome to Health Biz Briefs.
- 0:20I'm David Williams, President of Health Business Group here with Result CX CEO Rajesh Subramaniam.
- 0:27Rajesh, thank you for joining me today.
- 0:29My pleasure to be here.
- 0:30So let me put the question to you.
- 0:32I mean, can data analytics and AI really transform health care?
- 0:37Absolutely.
- 0:37I mean, it sounds so commonsensical, doesn't it?
- 0:40I mean, you know, if you look at data, it gives you certain insights.
- 0:44It enables you to act on it and what it does it, it saves you time.
- 0:49Imagine if there is a patient care that needs, you can save time for an intervention that can go do anything from solving their health requirements to saving their lives.
- 0:58So that comes from analytics.
- 1:00Imagine what happens in care, in the care continuum.
- 1:04If you know somebody's got a certain pattern of intervention that is required.
- 1:11And analytics allows for the next generation of drugs that are coming in to identify which customers where this can help and augment their experience.
- 1:22So what you're doing is you're elevating the member experience.
- 1:27You're elevating the patient experience.
- 1:30And you're also reducing the burden on the system, which is fraught with challenges because the money which is unclogged, from driving higher velocity that's driven by data and analytics can fuel a different level of innovation, which the pharmaceutical industry in America and in Europe is known for driving innovation.
- 1:53Imagine you put many more dollars out there to them to find the next super cure for cancer for different disease types.
- 2:01And the starting point is to make sure that you can do whatever you're doing today, you can do it better.
- 2:06And that only comes from insights.
- 2:09Rajesh, I've heard about the patient journey, but you have something called the digitally influenced customer journey.
- 2:16What is that?
- 2:17Yeah.
- 2:18So a patient journey is a subset of the overall customer journey because a patient is also a customer.
- 2:28A patient is a customer for a hospital.
- 2:30A patient is a customer for the insurance company where he or she or they are filing their claims.
- 2:36The patient is also a customer to the pharmaceutical company, to the CVSs or the Walgreens of the world.
- 2:46So a patient is a customer across multiple vectors.
- 2:51Now, how do you unify their experience across all their touch points in their journey comes back to analyzing how are you going to solve their problem, how are you going to alleviate their problems.
- 3:03and how you're going to ensure that they drive a level of loyalty with the brands that they work with.
- 3:08And for that, it's not going to happen just with human touch.
- 3:12It's going to happen with nuances of everything that you see from simple automation, simple AI to generative AI application across a digital ecosystem, along with assisted support, which brings in the element of empathy.
- 3:28Because in health care, you need empathy.
- 3:30I mean, you know, don't need a robot which is emotional as trying to solve a problem.
- 3:35So bringing in the element of empathy and sympathy as required along with solving for the problems is the way what we call a digitally enabled customer experience.
- 3:46Rajesh, you have a very interesting and impressive personal journey coming from humble beginnings in India, lost your father at an early age.
- 3:55and have really made just tremendous progress in your career and your life.
- 4:00Is there anything that you read that provides you inspiration on an ongoing basis?
- 4:05Yeah, no, for me, I read about heroes.
- 4:09I read about, it could be biographies, it could be fiction stories.
- 4:17It's about how people have become heroes and how they've changed the world.
- 4:22Either they have solved problems, They've created victories.
- 4:27So everything I read is going back to my own roots, which is from Hindu mythology to reading biographies of success stories of Jack Welch, Steve Jobs, inspirational leaders who have basically changed a generation's mindset in terms of how they deal with building big businesses.
- 4:53Well, great.
- 4:53Well, Rajesh Subramaniam, CEO of ResultsCX, it's been great having you on Health Biz Briefs.
- 4:58Listeners, if you like what you hear, head on over to the Health Biz Podcast for a full -length interview with Rajesh about his life and career.
- 5:06Rajesh, thank you so much.
- 5:08Thank you very much, Jim.
- 5:09Good to be here.