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I wonder if ai can help doctors reclaim their practices, as the bureaucracy of dealing with insurance may become easier. Administrative overhead must be cheape

I wonder if ai can help doctors reclaim their practices, as the bureaucracy of dealing with insurance may become easier. Administrative overhead must be cheaper with ai. It was the main reason for consolidation and giving up management to hospitals and private equity.

Buttons840 14d ago
I think it's more likely AI will cause disruption by ruthlessly optimizing on behalf of individuals. Private Equity can afford to have people sitting around all day figuring out tricks and optimizations to save a buck here and there, and this is a power imbalance because the plebs care about things like spending time with their family, and they don't spend all their time trying to save a buck. Maybe one day the AIs will optimize for us while we spend time with our families. And if a new vet opens that costs $15 less, the AI will route customers to the new business, driving prices down, until we reach 0 profit margin across all industries. There's probably like a 10 trillion dollar incentive to not allow AI to truly work on behalf of individuals though, so we'll see what happens. For instance, just look at the ad industry alone; if AIs are shopping truly on behalf of individuals, and this becomes wide spread, then the ad industry is just gone.
- naveen99 14d ago
  Optimization of medical care in usa is mostly limited by regulation and fear of lawsuits. Neither of which is going away. You can always get cheaper care in other parts of the world. Vets see animals, not humans.
nradov 14d ago
AI can help doctors with the administrative side but insurance companies are also deploying AI. We're seeing an escalating arms race with provider AIs battling against payer AIs. That's only one part of economies of scale. The technical and legal compliance costs for running a provider organization are also killing small practices. And provider organizations also consolidate in order to gain power for negotiating rates with commercial insurers.

Buttons840 14d ago

I think it's more likely AI will cause disruption by ruthlessly optimizing on behalf of individuals. Private Equity can afford to have people sitting around all day figuring out tricks and optimizations to save a buck here and there, and this is a power imbalance because the plebs care about things like spending time with their family, and they don't spend all their time trying to save a buck. Maybe one day the AIs will optimize for us while we spend time with our families. And if a new vet opens that costs $15 less, the AI will route customers to the new business, driving prices down, until we reach 0 profit margin across all industries. There's probably like a 10 trillion dollar incentive to not allow AI to truly work on behalf of individuals though, so we'll see what happens. For instance, just look at the ad industry alone; if AIs are shopping truly on behalf of individuals, and this becomes wide spread, then the ad industry is just gone.

naveen99 14d ago
Optimization of medical care in usa is mostly limited by regulation and fear of lawsuits. Neither of which is going away. You can always get cheaper care in other parts of the world. Vets see animals, not humans.

nradov 14d ago

AI can help doctors with the administrative side but insurance companies are also deploying AI. We're seeing an escalating arms race with provider AIs battling against payer AIs. That's only one part of economies of scale. The technical and legal compliance costs for running a provider organization are also killing small practices. And provider organizations also consolidate in order to gain power for negotiating rates with commercial insurers.