Columbus, Ohio – Olive, a healthcare-specific artificial intelligence (AI) and robotic process automation company, announced plans to expand its presence in the Columbus Region, more than doubling its workforce with 100 new jobs. Olive recently evolved its core business to focus on one of the most promising areas in healthcare: artificial intelligence technology that helps healthcare organizations reduce administrative costs and reduce errors.
The potential for AI technology in healthcare is enormous. In fact, the surging healthcare AI market is expected to exceed $34 billion within the next five years. With that backdrop, Olive is poised to help solve some of the greatest challenges facing healthcare today. After raising $32.8 million in Series D funding last year, the company has added new customers and talent. With this latest commitment to Columbus, Olive will immediately begin hiring across a range of positions, including engineering, product management, marketing, sales and support positions.
“Olive’s expansion further proves that Columbus is a growing center for healthcare innovation, and we’re proud that the company continues to invest in the community that helped build it,” said Columbus Mayor Andrew J. Ginther. “We’re known for our collaborative business community, and the marrying of healthcare and technology in the Columbus Region helps advance both industries.”
Headquartered in Columbus, Olive provides AI solutions to healthcare organizations across the U.S., including hospitals, laboratories and the nation’s leading healthcare management systems. Olive acts as a digital workforce by automating repetitive, high volume tasks and workflows. As a result, Olive helps healthcare organizations improve efficiency and patient care, while reducing expensive administrative errors, improving cash collections and eliminating denials for no coverage.
“Since 2013, Olive has been proud to call Columbus home. As we continue our mission to carve a trillion dollars out of the cost of healthcare through artificial intelligence, we look forward to adding many talented humans from across the country to our growing team” said Olive CEO Sean Lane.
The Columbus Region is home to a robust healthcare innovation ecosystem, with more than 45,000 employees working in the industry. Columbus provides a competitive pool of healthcare IT talent, thanks to the more than 50 colleges and universities in the Region. The Region’s large pool of IT talent, combined with its well-established healthcare sector, makes it a hotbed for innovation.
“In Ohio, Olive is applying deep artificial intelligence technologies to improve the accuracy, speed and compliance of healthcare operations,” said JobsOhio Managing Director for Technology Ted Griffith. “The Columbus Region has an exceptional combination of young tech talent and a strong healthcare presence in place for Olive to grow its operations and create new jobs here.”
Olive is a healthcare-specific artificial intelligence and process automation company that empowers healthcare organizations to improve efficiency and patient care while reducing costly administrative errors. Olive acts as the intelligent router between systems and data by automating repetitive, high-volume tasks and workflows, providing true interoperability. Olive is helping some of the nation’s top healthcare and hospital organizations reduce data and billing errors, eliminate denials for no coverage, improve cash collections and more. To learn more, visit oliveai.com.
About Columbus 2020
As the economic development organization for the Columbus Region, Columbus 2020’s mission is to generate opportunity and build capacity for economic growth across 11 Central Ohio counties. In 2010, hundreds of business and community leaders developed the Columbus 2020 Regional Growth Strategy, and the Columbus Region is now experiencing the strongest decade of growth in its history. Consistently named among the best economic development organizations in the country, Columbus 2020 expertly guides companies through the location decision process. Through strategic business outreach and customized research, the Columbus 2020 team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
About the City of Columbus, Ohio
The City of Columbus is the 14th largest city in the United States with a population of 879,170 residents. The Columbus economy is balanced with a combination of education, technology, government, research, insurance and health care entities as major employers within the City. Columbus is gaining nationwide recognition for its booming downtown, historic neighborhoods, arts and sporting districts, open attitude and a noticeably affordable quality of life. Learn more about the City of Columbus at columbus.gov/development/Economic-Development.
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