Local health tech startup Olive overpromises

Local health tech startup Olive overpromises

Illustration of the Olive logo as a gas gauge on empty.
Illustration: Gabriella Turrisi/Axios

Olive AI is a buzzy community startup that guarantees to conserve overall health techniques hundreds of thousands of dollars by utilizing automation software program to slice charges and direct more time toward affected individual treatment.

  • But an investigation by Axios’ Erin Brodwin finds Olive inflates its abilities and has produced only a fraction of the price savings it claims.

Why it issues: The Columbus-based mostly enterprise is valued at $4 billion, making it the maximum-profile startup in overall health care automation.

Condition of perform: Interviews with 16 people today, which include former and existing staff members and health tech executives, suggest fears with the company’s tech choices, tracking of shopper price savings and managing of sensitive client knowledge.

What they are declaring: “There are hospitals that is not going to contact [Olive] since they know folks who’ve been burned,” 1 former employee told Axios. “And I assume people today really don’t want to admit it there is certainly a large sense of shame about it.”

The most current: On Monday, Olive declared programs to transfer its headquarters from downtown to Worthington and pledged to include hundreds of careers to its 1,400-employee workforce more than the next 10 a long time.

  • Worthington Metropolis Council authorised an incentive package Monday worth at least $1.3 million that features the firm a payroll grant for the new staff, on leading of an present tax abatement on the constructing it ideas to get at at 6700 North Significant Road.

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