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Fortune
Fortune
Lily Mae Lazarus

Kleiner Perkins, John Doerr, and UCSF Health think healthcare AI has been built all wrong

UCSF medical center (Credit: JUSTIN SULLIVAN—Getty Images)

Venture capital has poured nearly $18 billion into healthcare AI in a single year. The return on that investment, by most accounts, is a smorgasbord of pilots. Roughly 83% of health systems are running generative AI experiments—and only 5 to 10% of those ever reach enterprise-wide deployment. The rest die in procurement, drown in integration reviews, or launch in two departments and quietly stop expanding.

UCSF Health, Kleiner Perkins, and Doerr Capital don’t think that’s purely a technology problem. They’re betting that the technology is being built in the wrong place.

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