11.8 C
New York
Saturday, December 5, 2020
Home STARTUPS Ada Health built an AI-driven startup by moving slowly and not breaking...

Ada Health built an AI-driven startup by moving slowly and not breaking things

When Ada Health was founded nine years ago, hardly anyone was talking about combining artificial intelligence and physician care — outside of a handful of futurists.

But the chatbot boom gave way to a powerful combination of AI-augmented health care which others, like Babylon Health in 2013 and KRY in 2015, also capitalized on. The journey Ada was about to take was not an obvious one, so I spoke to Dr. Claire Novorol, Ada’s co-founder and chief medical officer, at the Slush conference last year to unpack their process and strategy.

Co-founded with Daniel Nathrath and Dr. Martin Hirsch, the startup initially set out to be an assistant to doctors rather than something that would have a consumer interface. At the beginning, Novorol said they did not talk about what they were building as an AI so much as it was pure machine learning.

Years later, Ada is a free app, and just like the average chatbot, it asks a series of questions and employs an algorithm to make an initial health assessment. It then proposes next steps, such as making an appointment with a doctor or going to an emergency room. But Ada’s business model is not to supplant doctors but to create partnerships with healthcare providers and encourage patients to use it as an early screening system.

It was Novorol who convinced the company to pivot from creating tools for doctors into a patient-facing app that could save physicians time by providing patients with an initial diagnosis. Since the app launched in 2016, Ada has gone on to raise $69.3 million. In contrast, Babylon Health has raised $635.3 million, while KRY has raised $243.6 million. Ada claims to be the top medical app in 130 countries to date and has completed more than 15 million assessments to date.

Source: TechCrunch

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Trump orders most American troops to leave Somalia

The Pentagon has said it is pulling most US troops out of Somalia on President Donald Trump's orders, continuing a post-election push by Trump...

UK-EU trade talks ‘paused’ with deal still elusive

A week of intense trade talks between Britain and the European Union ended in stalemate Friday, with negotiators stepping back while politicians decide whether...

Calcutta High Court expresses displeasure against registry for not listing petition for 23 years

The Calcutta High Court on Friday expressed its strong displeasure against its Registry for not listing a habeas corpus petition for the last 23...

Canada opposes MSP, has scarce interest in well-being of Indian farmers: BJP

The BJP on Saturday slammed Canada's stand on farmers' protests in India as "nothing but hypocrisy", saying it is a strident critic of minimum...

Recent Comments

%d bloggers like this: