Transcript
Matthew Mottola: When we talk about AI, it's never been more important to have a reliable credentialing, verification, and background check partner. Tell us about your current company. Give us the elevator pitch. And then why did someone like you build this? You could be doing anything, but you've decided to work on background checks.
Eric Ly: I'll give you the surface level explanation of KarmaCheck. We are a background check company, and further than that we have primarily focused in the healthcare area. All the folks that take care of us, whether they're nurses or doctors, have to go through a certain kind of checks to be certified to provide care to patients. Those are qualified, certified professionals. What we do is we really try to make that process go as quickly and as effortlessly and as conveniently as possible, because there's more care that could be given, and it could be given more efficiently. We have a special brand of that called credentialing, which is just a super duper version of background checks. We help make providing healthcare more efficient. That's what KarmaCheck does.
Matthew Mottola: Credentialing, what is it? Why does it matter?
Eric Ly: It matters because there's a shortage of healthcare professionals these days, nurses, even doctors, and it's going to get worse in the coming years. The other thing that's happening is that if you look at healthcare, we all know that the industry is big, but it's also very costly. We're not talking about the drugs and the pharmaceuticals. The care itself is also very expensive. And then you have a trend where the population is getting older, so as time goes on we're going to need more and more care as a society. When you add all that together it's kind of a perfect storm that we all want to avoid. We want to have efficient healthcare, we want to have personalized healthcare. I believe AI is also going to be part of the answer here, AI-powered healthcare. But there's always going to be a need for people, for doctors, for nurses, and others in healthcare. We're trying to bring the cost down, bring the administrative cost down, and continue to help healthcare professionals get to the bedside to deliver that healthcare that people are going to need more and more of as time goes.
