Executive SummaryIn this episode, Joe interviews Lukas, co-founder of Minds Medical, and Ingo, senior partner of SYNPULSE. The story follows the pivot of Minds Medical from a healthcare-focused AI startup serving hospitals to its services for fintech/insurtech companies during the COVID-19 pandemic. They also discuss the challenges of extracting structured data from unstructured medical documents and the potential applications of this technology in the insurance industry. The conversation highlights the joint offering of intelligent document processing for the insurance industry and the acquisition process between the two companies.
When Corona hit, all hospitals stopped picking up the phone. So we had to focus all our energy on the insurance product.
Lukas Naab, Founder Minds Medical
Follow Us!If you are listening to our content for the 2nd time please consider following us on social media.
https://linktr.ee/startupradio
With SYNPULSE8 we are now building a product for the global insurance market.
Lukas Naab, Founder Minds Medical
Our Enabler StartupravenA startup's journey can be a tough one, but it doesn't have ́to feel like you're alone on your quest! Invest in others' success with us by joining our community of entrepreneurs who are building amazing things every day - no matter how big or small their ideas may seem at first glance.
The best way to find investors and cooperation partners for early-stage startups. Sign up here: https://startupraven.com/
Our Enabler HTAI and the Enterprise Europe Network Hessen This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Learn more here: https://www.htai.de/ and https://www.een-hessen.de/
We discovered for example that one large hospital in Germany has more than 200 different forms just to discharge patients. [And there are more than 1.800 different hospitals in Germany]. This amount of unstructured data requires machine learning and AI to be useful.
Lukas Naab, Founder Minds Medical
The FounderLukas is the founder and CEO of Frankfurt-based AI startup Minds Medical. Since the acquisition of Minds Medical he is in the new company the principal product owner for SYNPULSE8. During the outbreak of corona, hospitals had many other things to do and just stopped picking up the phone, all at the same time. So Minds Medical had to focus completely on their insurance product. They eventually decided to join forces with SYNPULSE since they already had a joint offering for disability insurance providers.
The StartupMinds Medical was acquired by SYNPULSE, now known as SYNPULSE8. This becomes part of their offering to insurance companies and insurtech startups, active in the healthcare space. The problem these insurers are facing is the sheer amount of unstructured medical data they get bombarded with to make a simple medical decision.
SYNPULSE8 helps to structure this data and make it conveniently available for the insurance underwriters, who have to make the decision to insure the applicant or not.
July 2019 InterviewYou can find the interview here: https://www.youtube.com/watch?v=8tAEqR6OKT0
Tune in to our Internet Radio Station here:https://www.startup.radio/
FeedbackWe are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! You can also suggest topics or interview partners that you’d like featured on future episodes by leaving a comment below — we would love to hear from YOU!!!
https://forms.gle/mLV6mVKwGwKuut8BA
The InterviewerThis interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
Keep Up to DateHere is our publication calendar: https://calendar.google.com/calendar/embed?src=012i27ak525qi3smgjl8v9tbio%40group.calendar.google.com&ctz=Europe%2FBerlin
All Links and Show NotesHere is our blog post: https://medium.com/startuprad-io/ai-structuring-data-from-unstructured-medical-documents-minds-medical-e-384-b05d2ebd43a8
Mentioned in this episode:
Learn more
www.startupraven.com
This podcast uses the following third-party services for analysis:
Podder - https://www.podderapp.com/privacy-policy
Podcorn - https://podcorn.com/privacy
Chartable - https://chartable.com/privacy