It’s a big day at Midstream. Our first LinkedIn post — and kicking off with news! Today we announced our partnership with CommonSpirit Health, bringing Midstream’s AI-native financial action platform to one of the nation’s largest nonprofit health systems. CommonSpirit continues to lead the way in responsible, cutting-edge AI adoption. And as our anchor partner, they’re already validating the real and immediate impact AI can have on strengthening health system financial sustainability. Huge thank you to Andreessen Horowitz and CommonSpirit Ventures for backing us from day one. We’re thrilled to share the news and to finally show the world what we’ve been building. Read the full press release here https://lnkd.in/g-RHgCbP And check out our co-founder and President Venkat Mocherla's post for more 👇
I’m excited to share that Midstream Health is officially out of stealth and partnering with CommonSpirit Health, one of the largest health systems in the country, bringing our AI-native financial action platform to their enterprise operations. Before I get into the “what” & the “how,” I want to start with my personal story of the “why.” My childhood summers in India were spent as an intern — and effectively the entire back office — of my grandfather’s clinic. He was my hero & loved practicing medicine so much that until his very last day he was, in the words of Warren Buffett, “tap dancing to work.” I moved to the Bay Area at 12 and have been a product of these two worlds ever since: one as that summer intern in my grandfather’s clinic & the other as a participant in one of the greatest technology ecosystems in the world, Silicon Valley. From launching new care models at Paladina to building new categories in Applied AI at Qventus, Inc to helping accelerate the best new ideas at a16z Bio + Health, I’ve been fortunate in my career to observe the industry from vastly different vantage points & also “tap dance to work.” Today's healthcare delivery ecosystem looks nothing like my grandfather's clinic — with operators making infinitely nuanced financial decisions every day in a regulated, unpredictable & high pressure environment... All based on siloed transactional + unstructured data, along w/ complex business context not captured in any dataset. We're at a breaking point in decision fatigue & affordability. Enter Midstream Health. Driven by our mission to maximize savings & build a zero-waste healthcare economy, Midstream’s AI-native platform delivers proactive financial intelligence to help health systems drive improved, long-term financial sustainability. When my co-founder, Sumit Kadakia, and I set out to build Midstream, we knew it would take a special village to turn the idea into reality. Along with our incredible founding team, we’re fortunate to launch in partnership with CommonSpirit Health, an organization with a long track record of innovating at scale and a clear conviction that real impact doesn’t come from one-off pilots, but from long-term partnership that builds a movement. Alongside the support of a world-class capital partner in a16z, we have the power to build boldly and the opportunity to truly change the status quo. I’m full of gratitude to every single teammate, partner, investor, advisor, friend who has made today possible, including the extended team at CommonSpirit and a16z! We’re actively building a coalition of leading health systems, supporting over $80B+ in Net Patient Revenue. More to come… Onward & Upward! And if this post wasn’t long enough, you can check out our full press release here: https://lnkd.in/ecnpSKRV
