A lot of AI. And a HLTH check.

šŸŽƒ Healthcare through a Kentucky lens. It's niche. But neat! šŸ€

Author

Andrew Steen
October 28, 2025

šŸ€ Letā€™s go!

HLTH drop

HLTH was last week in Vegas. There were a few folks from the ā€˜ville in attendance, including Mamata Majmundar, MD, FAAFP, CPE, CHCQM. This is her feedback as a first-time attendee šŸ‘‡ļø

This was my first time attending HLTH, and it was excellent for human connection! As a physician and entrepreneur, I was energized to be surrounded by founders, investors and innovators from around the world shaping the future of healthtech. I had the chance to reconnect with clients, colleagues and friends Iā€™ve met over the years, and to build new relationships including with people right in my own backyard [We see you, Rosa Hart!]. One of the most enlightening sessions for me as a physician and LinkedIn-only user was led by TikTok, highlighting how TikTok can be used to share trusted, bite-sized health information with the public. Itā€™s a powerful reminder that how we connect with patients is evolving. HLTH is big (thousands of people!), but the team does a superb job making it manageable and engaging. Between the in person networking, CME opportunities and off-site events like AgeTech Connect, it was an excellent experience. Nothing replaces real conversations and HLTH was full of them.

- Mamata

Stay tunedā€¦

Menlo Ventures on AI in healthcare

This is an interesting survey of 700+ executives from Menlo Ventures on AI adoption in healthcare.

ā€œHealth systems have shortened average buying cycles from 8.0 months for traditional IT purchases to 6.6 months, an 18% acceleration. Not all sectors are moving at this pace. Payers have seen buying cycles lengthen from 9.4 months to 11.3 monthsā€¦ā€ Interesting.

Also interesting, Slingshot; ā€œOur survey reveals that 85% of all generative AI spend in healthcare currently flows to startups rather than incumbents.ā€

Speaking of AI

Artificial Intelligence (AI) in Aging and Elderly Care Market Report 2025

The Artificial Intelligence (AI) in Aging and Elderly Care Market, valued at USD 43.76B in 2025, is projected to reach USD 122.88B by 2029, growing at a 22.5% CAGR.

www.researchandmarkets.com/reports/6075297/artificial-intelligence-ai-in-aging-elderly?utm_source=newsletter&utm_medium=email&utm_campaign=innovationrx&cdlcid=66c73ba59e1a4fe59293cdb9Ā§ion=

Thatā€™s a big market, Slingshot.

Lonely seniors

From Forbes; ā€œThe AI boom has brought with it a new crop of startups looking to build a business on an urgent but vaguely dystopian idea: solving loneliness among the elderly.ā€

Lonely Seniors Are Turning To AI Bots For Companionship

The AI boom has brought with it a new crop of startups looking to build a business on an urgent but vaguely dystopian idea: solving loneliness among the elderly.

www.forbes.com/sites/rashishrivastava/2025/10/18/lonely-seniors-are-turning-to-ai-bots-for-companionship

Our Humana friendsā€”and othersā€”might recall Humana talking about loneliness among seniors as far back as 2017. So, yeah.

RCM

But, of note not really because itā€™s in the RCM space. Rather, because Cincinnati-based Bon Secours Mercy Health appears to be doing alright, alright, alright.

Healthcare RCM EBITDA Multiples: PE firms Invest in Bon Secours Mercy's Ensemble (~16.7x EBITDA)

Ensemble Health Partners, a provider of technology-enabled revenue cycle management solutions for health systems, including hospitals and affiliated physician groups, announced that Berkshire Partners and Warburg Pincus have entered into an agreement to make a significant investment in the Ensemble. Former 100% interest owner Bon Secours Mercy Health (BSMH) will continue as a commercial partner, a shareholder, and will remain on the Ensemble board. Prior investor Golden Gate Capital will also re

www.scoperesearch.co/post/healthcare-rcm-ebitda-multiples-pe-firms-invest-in-bon-secours-mercy-s-ensemble-~16-7x-ebitda?_bhlid=ba72607e339ae8a1ffea450ff32c3c0e462c5a40

Digital Health 50

The 7th annual Digital Health 50 from CB Insights.