#459 – Keith Figlioli, Managing Partner at LRVHealth

Introduction

In this episode of the Slice of Healthcare podcast, host Jared Taylor sits down with Keith Figlioli, the managing partner at LRVHealth, to discuss the evolution of healthcare technology, the impact of AI, and the future of the industry. Keith brings over 20 years of experience in healthcare informatics, providing a deep dive into the current state and future potential of healthcare innovation.

The Evolution of Healthcare Technology

Keith Figlioli has witnessed multiple waves of healthcare technology advancements. Reflecting on his career, he notes that what is considered innovative today often has roots in past efforts. The healthcare sector has seen the rise and consolidation of point solutions, the implementation of electronic health records (EHRs), and the gradual adoption of data analytics. Despite these advancements, significant challenges remain in achieving seamless data integration and interoperability.

The Impact of AI on Healthcare

AI’s potential in healthcare is vast, yet Keith emphasizes that the journey toward realizing its full benefits is far from over. The industry has invested billions in technologies and systems like EHRs, but the return on investment (ROI) has been slow. Keith suggests that while generative AI brings exciting possibilities, its true impact will unfold over the next decade. He also highlights the complexity of the healthcare system, which, unlike other industries, is heavily regulated and involves both public and private sectors.

Blending Technology with Human Expertise

Keith stresses that healthcare is not just about technology. Effective solutions require a blend of advanced technologies and human expertise. He cites examples where technology can significantly reduce the need for extensive human resources in tasks like performance improvement and patient intake. However, he asserts that human involvement will always be crucial in healthcare, underscoring the need for a balanced approach.

Advice for Young Professionals

For those entering the health IT space, Keith offers sage advice: be prepared for a long journey. He encourages aspiring entrepreneurs and professionals to have a strong, altruistic reason for choosing healthcare, as the industry demands perseverance and a commitment to improving patient care. Personal experiences often drive the passion needed to navigate the challenges and make meaningful contributions.

Future Trends in Healthcare IT

Looking ahead, Keith sees a shift away from viewing healthcare solely as a technology problem. He envisions a future where technology is applied alongside human expertise to enhance efficiency and outcomes. This approach will be crucial as the industry continues to evolve, integrating AI and other advanced technologies in ways that complement the human touch.

Conclusion

Keith Figlioli’s insights highlight the complexities and opportunities within the healthcare technology landscape. As AI and other innovations continue to develop, the focus will be on creating integrated solutions that combine technological advancements with human expertise to achieve sustainable improvements in healthcare.