Elad Walach,
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Co-founder and CEO, Aidoc
Elad Walach led artificial intelligence research efforts in the Israeli Air Force from 2011 to 2014. After leaving the military, Walach took that experience and jumped right into healthcare.
The value of AI in healthcare was evident then, he said, even if the hype had yet to arrive.
“[There were] the same issues that are percolating in healthcare right now, with the labor shortage and the fact that we spend so much on manual labor to solve the complexity of healthcare,” said Walach, who co-founded healthcare AI company Aidoc in 2016.
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See which young leaders made list.Aidoc developed an enterprise-wide operating system that helps health groups implement AI-driven workflows in ambulatory, inpatient, imaging and cardiology care. The goal is to improve efficiencies by presenting care insights to the appropriate clinicians at the right time, Walach said.
At a time when AI hype has flooded the vendor market, Aidoc’s approach provides health systems with a consolidated platform rather than offering AI for one specific department. This approach helps health systems scale AI to dozens of areas more quickly, Walach said.
According to Walach, the company increased revenue by 64% in 2023 and doubled the number of patients it analyzes per month to 2 million.
Throughout the last 12 months, Aidoc brought on business from Rochester, Minnesota-based Mayo Clinic, New Hyde Park, New York-based Northwell Health, and Baton Rouge, Louisiana-based Ochsner Health.
“This is not about technology,” Walach said. “It's about people and process change enabled by technology.”
—Gabriel Perna