The following is the first in an interview series “Brief interviews with healthcare innovators” highlighting innovative companies in the Labcorp Venture Fund portfolio. The Labcorp Venture Fund strategically invests in cutting-edge businesses that are working to make healthcare more personalized, accessible and convenient in alignment with Labcorp’s mission to improve health and improve lives.
Those early-stage businesses are often born out of the personal and professional experiences of doctors, clinicians, and other stakeholders in the broader healthcare system. Using technology, these companies aim to improve health system operations and patient experiences while simplifying and reducing the growing duties of physicians, healthcare staff and administrators alike.
Labcorp had the opportunity to get the inside scoop on the impact some of our portfolio companies are having in health systems today, and we’re sharing those learnings with you. To begin our series, Megann Vaughn Watters, vice president and head of Labcorp Venture Fund, interviewed a co-founder of Artisight to discuss how they are unique in this space and why we are thrilled to invest in this cutting-edge company.
Labcorp is proud to partner with Artisight as they transform healthcare through cutting- edge AI and ambient intelligence”, said Megann Vaughn Watters. “Our investment reflects our commitment to advancing technologies that make healthcare more data-driven and personalized to empower clinicians, streamline care delivery and improve patient outcomes.
Megann Vaughn Watters Vice President, Labcorp Venture Fund & Strategic Alliances
Artisight is a trailblazing company whose Smart Hospital Platform uses AI-powered computer vision, voice recognition and multi-sensor networks to automate routine tasks, monitor clinical activity and deliver real-time insights. Whether it’s a virtual nurse conducting discharge education, a computer vision model detecting fall risk or ambient documentation capturing assessments in real-time, Artisight enables hospitals to scale care delivery without increasing staff burden.
It was founded in 2017 by Andrew Gostine, MD, MBA, Tim Koby, PhD, MBA and Garrett Larance.
NLP combines AI and machine learning to help comprehend and converse with human language.
Origination of Innovation
Megann Vaughn Watters: We know you started your career as a physician, what inspired you to create Artisight?
Andrew Gostine: Artisight was born out of frustrations I was experiencing in my practice –primarily inefficiencies and increasing workloads that healthcare workers deal with daily, including increasing time spent on documentation, coordination and administrative tasks that took time away from patient care.
Megann Vaughn Watters: How does that experience influence Artisight’s mission?
Andrew Gostine: Those challenges I faced tie directly to our mission to:
- Reduce administrative friction
- Strengthen operational and financial performance
- Prepare healthcare organizations for the future
New technology in healthcare
Megann Vaughn Watters: What is Artisight’s solution and can you share some key features of the technology?
Andrew Gostine: Artisight’s Smart Hospital Platform uses AI-powered computer vision, voice recognition and multi-sensor networks to:
- Automate routine tasks
- Monitor clinical activity
- Deliver real-time insights
It merges multimodal data streams—audio, visual, sensor and environmental—for precision insights. The technology offers high-speed performance, increased privacy and real-time decision-making without requiring data to leave the patient room.
Megann Vaughn Watters: When it comes to innovation in healthcare, Artisight is at the forefront. What technologies do your solutions use?
Andrew Gostine: Artisight integrates computer vision, natural language processing (NLP), large language models (LLMs) and ultra-wideband (UWB) tracking operating in the background. It provides insights via an uninterrupted experience that doesn't require human intervention.
Megann Vaughn Watters: Wow, no human intervention–that does sounds unique. How does Artisight's approach differ from other healthcare solutions?
Andrew Gostine: Unlike siloed tools designed to solve one challenge, Artisight's Smart Hospital Platform is built to scale and designed to adapt to multiple workflows, disciplines and departments across the entire healthcare enterprise, from operating suites to outpatient clinics and procedural areas.
Megann Vaughn Watters: Your technology sounds impressive. I know many of our health systems are concerned with technologies integrating with current workflows. How scalable is Artisight's solution?
Andrew Gostine: Artisight's Smart Hospital Platform is built to scale across the entire healthcare enterprise. It can adapt to multiple workflows, disciplines and departments.
Additionally, Artisight's unified infrastructure:
- Enhances interoperability
- Reduces costs
- Facilitates seamless clinical adoption
- Integrates into existing processes
The proprietary AI models are locally trained using HIPAA-compliant pipelines for clinical accuracy and contextual relevance within each health system.
How technological innovation enhanced patient care and workflow automation
Megann Vaughn Watters: Let’s get down to brass tacks and put some data behind this solution. How many health systems have adopted Artisight?
Andrew Gostine: Artisight has been deployed in over 50 health systems across the U.S. to date.
Megann Vaughn Watters: And, how does Artisight’s products improve patient care?
Andrew Gostine: For patients, Artisight’s solutions mean safer environments, more consistent communication and faster discharges. This includes:
- Achieving a 69% reduction in patient falls at one site over eight weeks
- Improving patient throughput, with over 50% of patients discharged within 75 minutes (the national average is 120-150 minutes) at another site
- Providing clinicians with more time and capacity to focus on patient care rather than administrative tasks
Megann Vaughn Watters: Speaking of clinicians, how does Artisight benefit healthcare providers and staff?
Andrew Gostine: Clinicians report higher satisfaction due to reduced documentation time, more meaningful patient interactions and fewer interruptions to workflow. This has led to reduced burnout and lower turnover rates in some health systems.
Our data shows Artisight solutions can help save up to 30 minutes per shift on documentation for clinicians. At another site, it’s freed up over 43,000 nursing hours in a single year.
The future of innovation in healthcare
Megann Vaughn Watters: Artisight is already having an impact on health systems today, what do you see as Artisight’s plans for the future?
Andrew Gostine: Artisight's vision for the future is ambitious, with plans to expand ambient documentation and virtual care capabilities, integrate generative AI to support clinical decision-making and personalized care recommendations. Our goal is to address challenges across the entire continuum of care from supply closets and loading docks to outpatient clinics and procedural areas.
Megann Vaughn Watters: To make this vision a reality, how are you planning on partnering with hospitals and other healthcare companies?
Andrew Gostine: As Artisight continues to expand its reach and impact, strategic partnerships with health systems, electronic health record vendors, and healthcare-focused investors like Labcorp will play a crucial role in driving innovation and meaningful change in the healthcare landscape.
Partnering for innovation
Artisight demonstrates how innovation can drive meaningful change and provide significant, measurable benefits to patients, clinicians, and health systems. By harnessing the power of ambient intelligence, Artisight is addressing the operational and workforce challenges health systems encounter today while also paving the way for a more sustainable, efficient and patient-centric future.
Innovation is key to continuous improvement, but it can be challenging. Collaborate with Labcorp to access the technology, data, capital, resources, expertise and expertise you need to scale successful innovations.
More in this series
Brief interviews with healthcare innovators