AI in Healthcare and the Collapse of Silicon Valley Bank: Takeaways from ViVE Nashville 2023

Doctor using a laptop while holding a pen to

ViVE always promises to be among the year’s top events for digital health innovators, and a representative of TrustCommerce, the 2023’s Nashville ViVE edition did not disappoint.  

Public and private sector healthcare leaders convened to discuss the critical issues confronting the future of healthcare IT innovation and business transformation. 

The following are a few of my quick thoughts and takeaways:  

  • Just right: ViVE Nashville 2023 was a very well-organized event that was attended by many of the key stakeholders driving healthcare forward, yet the event was also not too big or overwhelming. The conference was held at a fun location, right in the middle of Nashville with plenty of hotels, restaurants, and entertainment within walking distance. Given the layout and format, it was easy to have great conversations and meet with speakers, exhibitors, and attendees. 
  • AI in healthcare looms large: Numerous conversations at ViVE centered around the potential to impact care delivery with, generally, artificial intelligence (AI), and, more specifically, large language models such as ChatGPT. While someday generative AI models like ChatGPT may be used to aid in clinical diagnosis and decision-making, initial healthcare-industry applications are more likely in administrative areas, such as streamlining clinical documentation. No question, it’s still early days for technology like AI in healthcare, and the future possibilities for it to improve clinical and operational processes for healthcare are considerable.  
  • Macroeconomic headwinds: Given the current climate of tech-industry layoffs, the collapse of Silicon Valley Bank, and fears of a recession, investors in the digital healthcare space are expected to be understandably cautious in the near future. As a result, the macroeconomic landscape that funded many advancements in technology and startups over the last decade is changing, putting some companies in a more difficult position to continue on their same paths. It will be interesting to see which companies and business models are able to withstand a restricted funding environment amid the potential macroeconomic headwinds facing the broader economy in the near-term.  

So long, Nashville, and see you at ViVE 2024 in Los Angeles! 

-Ryne Natzke

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