Derek Streat is an experienced entrepreneur with a track record of founding and leading six venture-backed companies, including DexCare, an AI-powered care orchestration platform.
DexCare integrates with existing systems to forecast demand, allocate resources, and guide patients to the most appropriate care, delivering actionable insights and streamlined operations.
Streat founded DexCare to bridge the access gap for everyone, and aims to serve more patients effectively by reducing provider burnout, creating capacity, and expanding access.
DexCare uses AI to optimize healthcare delivery by predicting and distributing care resources. It enables 40% more patients to receive care using the same clinical resources, drives a 24% increase in new patient acquisition, and saves over 34,000 hours of physician time.
Streat learned through his previous ventures that introducing innovation in healthcare requires building trust with stakeholders and addressing the unintended consequences that can emerge when technology intersects with human lives.
Streat believes that AI in healthcare extends the capacity of healthcare professionals and must operate alongside care providers to be successful. Platforms like DexCare demonstrate how AI can help health systems operate more efficiently and reduce burnout.
AI adoption in healthcare requires a focus on data fidelity, diversity, and aggregation. DexCare prioritizes data intelligence as the cornerstone of its applications to power how care is orchestrated, routed, and delivered while avoiding perpetuating inequities.
In healthcare, implementing AI requires rigorous, standardized policies to ensure the safe and ethical use of the technology. AI advancements can contribute to personalized medicine and greater access to consumer-centric care.
Streat advises entrepreneurs looking to bring AI into healthcare to stay adaptable, embrace setbacks, and focus on building solutions that solve for immediate, real-world problems.