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Olive AI had big ambitions to change healthcare, as well as 950 hospital clients at one time, but ultimately ran out of time and money, Columbus Business First reported Nov. 16.
CEO Sean Lane, a veteran of the wars in Iraq and Afghanistan, started the company in 2012 to apply robotic process automation to health system billing and administrative functions.
“Olive is not an administrative assistant. It is a thing that can shift $1 trillion in cost to things that matter,” Mr. Lane told Columbus Business First in 2018. “The good thing is I knew it was going to be really, really hard. It pales in comparison to five combat tours and fighting the Taliban.”
But after raising more than...
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