AI That Fits the Clinical Workflow
Interview with Anumana CEO Maulik Nanavaty

Key Learnings From Maulik's Experience
Driving adoption requires more than clinical accuracy — it demands physician-centered design at the point of care. Anumana focused on the “last mile” by embedding its AI directly into routine ECG workflows, requiring no extra steps from clinicians. By aligning with how physicians already work and delivering immediate, actionable, and more accurate insights, they ensured the technology added value without adding friction — a critical move that turned technical innovation into practical utility.
Win regulatory trust by making the risk-benefit case impossible to ignore. Anumana secured FDA confidence by anchoring its AI approval strategy in massive, real-world datasets — over 20 million patient records — to prove safety, reliability, and clinical value. Rather than leading with technical capabilities, they framed the technology around what matters most to reviewers: a defensible, data-backed risk-benefit profile that holds up in both regulatory and real-world settings.
When fundraising, lead with your risks — not just your upside. Maulik’s strategy flips the typical pitch: be brutally honest about potential pitfalls, then show how you’ll de-risk them. By pairing transparency with disciplined execution and realistic focus, he builds investor trust and attracts partners who value thoughtful leadership over hype. For capital-efficient growth, clarity beats charisma every time.
After three decades climbing the ranks at medical device giants like Boston Scientific and Baxter, a seasoned executive faced a choice that would have given most leaders pause: take the safe route to a public company CEO role, or dive headfirst into the uncertain world of AI in healthcare. The pull toward AI proved irresistible.
"I would regret it if I missed this," reflects Maulik Nanavaty on his decision to leave the corporate comfort zone for a startup called Anumana. "I'd rather be in the thick of it and be at the forefront rather than just be on a sideline looking at it."
That leap led Maulik to become CEO of an AI-driven health technology company that aims to transform how physicians interpret one of medicine's most fundamental diagnostic tools, the electrocardiogram (ECG), and expanding the use of generative AI in perioperative care. Co-founded by nference and Mayo Clinic, Anumana develops software-as-a-medical-device (SaMD) solutions that apply AI to support early detection, clinical decision-making, and real-time procedural guidance across cardiovascular care.
Anumana's approach represents a dramatic shift in medical device development, training algorithms on data from millions of patients rather than the hundreds or thousands typically used in traditional device studies. The company's FDA-cleared ECG-AI LEF (low ejection fraction) algorithm, which became eligible for reimbursement in January 2025, can detect LEF — a critical heart condition — from a standard 10-second electrocardiogram reading that physicians already perform routinely.
For Maulik, the transition from managing established medical device portfolios to leading AI innovation required not just learning new technology, but fundamentally rethinking approaches to everything from regulatory approval to clinical adoption. His journey offers insights into the evolving landscape of AI-powered healthcare and the leadership approaches required to navigate it successfully.
Guest
CEO of Anumana
Maulik Nanavaty is CEO of Anumana and a seasoned healthcare executive with over 30 years of global experience in the medical device industry. He spent 18 years at Boston Scientific, where he led its $1B+ Neuromodulation division and served as President of Boston Scientific Japan. Prior to that, he held leadership positions at Baxter. Known for driving innovation in implantable and artificial intelligence (AI)-powered technologies, Maulik also serves on the board of Rani Therapeutics.
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Designing for Seamless Clinical Adoption: The Invisible Technology Principle
When developing AI-powered medical devices, the most sophisticated algorithms mean nothing if physicians won't use them in practice. Maulik learned this lesson early at Anumana, where the challenge wasn't just creating accurate diagnostic tools, but ensuring they could integrate seamlessly into the high-pressure environment of clinical care.
The fundamental principle that guides Anumana's product development centers on seamless integration. As Maulik explains, "The technology has to remain invisible. It cannot interrupt or come in the way of a physician's workflow or clinical decision making." This philosophy stems from a practical understanding of clinical realities: physicians often have just 10 minutes with each patient and need immediate access to information that helps them make critical decisions.
Rather than asking healthcare providers to learn new procedures, Anumana builds on workflows that already exist. For the ECG-AI LEF product, this means enhancing the electrocardiogram readings that physicians routinely perform, requiring nothing more than pressing a button in their current workflow to receive AI-powered insights. This approach recognizes that busy clinicians won't adopt solutions that add complexity to their already demanding schedules.
The key to successful adoption lies in demonstrating clear clinical value from the physician's perspective. Maulik emphasizes that medtech developers must answer fundamental questions: "What does it change in my practice? What does the data tell me? What does the clinical outcome tell me?" Technology features matter less than tangible improvements to patient care and clinical decision-making.
This focus on seamless integration extends to "last mile" thinking. Regardless of how advanced the underlying technology may be, success ultimately depends on whether it enhances healthcare providers' ability to make better decisions within their existing operational framework. For Anumana, this has meant achieving impressive clinical accuracy — with the LEF algorithm scoring 0.94 on a scale where 1.0 represents perfect accuracy — while requiring no changes to established clinical routines.
Physicians already perform electrocardiograms as standard practice; Anumana's AI simply provides additional diagnostic insights from the same 10-second heart rhythm reading that clinicians were already capturing. By offering superior diagnostic accuracy without altering physician workflows, Anumana makes a compelling case for clinical adoption: physicians not only get insights faster, but they get better ones, too.
This approach reflects a broader lesson for medical device development: successful clinical adoption often depends more on workflow integration than technological advancement. Companies that prioritize seamless implementation over feature complexity tend to achieve higher physician adoption rates, as healthcare providers gravitate toward solutions that enhance their existing practices rather than forcing them to learn entirely new systems.
Use Risk-Benefit Balance to Build Regulatory Confidence
Successfully navigating regulatory approval for novel medical devices requires fundamentally reframing how companies approach the FDA review process. Rather than focusing solely on technological capabilities, Maulik emphasizes that regulatory success hinges on creating a compelling risk-benefit profile that justifies the reviewer's decision to approve the technology.
"Can you create a value proposition that is justifiable for a regulatory person to take a risk?" Maulik asks, highlighting the human element in regulatory decision-making. Reviewers must weigh not only the clinical evidence but also their own professional responsibility in approving completely new technologies. This creates a dynamic where regulators seek assurance that new medical devices won't create unacceptable patient risks while delivering meaningful clinical benefits.
For AI-powered medical devices specifically, this risk-benefit equation takes on additional complexity. Regulators approach AI with the perspective that while the technology may not directly harm patients, they need confidence it won't introduce new risks even as the full scope of benefits becomes established. The foundation of this equation lies in the quality and scale of supporting data.
Unlike traditional medical devices that might rely on studies involving hundreds or thousands of patients, AI algorithms require datasets encompassing hundreds of thousands of patients to demonstrate reliability across diverse clinical scenarios. "Is it robust enough that it does cover all the corner cases so that when you put it in the hands of a physician, not just the regulator, you have a high level of confidence it is completely reproducible all the time?" Maulik explains.
This comprehensive evidence base serves dual purposes: it provides regulators with the confidence they need to approve the technology while also ensuring that practicing physicians can trust the AI system's recommendations in real-world clinical settings. The scale difference is dramatic — where traditional device studies might involve a maximum of 1,000 patients, AI systems benefit from training data that spans hundreds of thousands or millions of patient records.
Anumana's regulatory strategy exemplifies this approach. The company's access to longitudinal data from over 7 million patients at Mayo Clinic, expanding to more than 20 million across multiple medical centers, provides the robust foundation that both regulators and clinicians require. This comprehensive dataset enables Anumana to demonstrate not just accuracy in controlled settings, but reliability across the full spectrum of patient presentations that physicians encounter in practice.
The regulatory landscape for AI medical devices has evolved significantly in recent years. Maulik observes a shift from default skepticism to collaborative engagement, noting "a high level of willingness to say, ‘What can we do to bring it to the market?’" from FDA reviewers. This change reflects regulators' recognition that AI tools can deliver substantial benefits to clinical care, particularly in areas where few effective diagnostic tools currently exist.
However, this increased openness doesn't diminish the importance of rigorous scientific evidence. Success still depends on demonstrating thorough development processes, proper model training, and substantial clinical validation published in peer-reviewed journals. The key difference lies in regulators' willingness to work with companies that demonstrate this level of scientific rigor, rather than viewing AI innovation as inherently problematic.
For medical device companies developing AI-powered solutions, this regulatory environment rewards those who invest early and heavily in comprehensive data collection and clinical validation, positioning robust evidence as both a regulatory requirement and a competitive advantage.

When Fundraising: Don't Minimize Your Risks — State Them Outright
While regulatory approval opens the door to market entry, sustainable growth requires ongoing capital investment. Maulik's approach to fundraising draws heavily from his regulatory philosophy: transparency and evidence-based communication prove more effective than polished presentations that obscure potential challenges.
When it comes to raising capital, Maulik advocates for an approach that runs counter to many entrepreneurs' instincts: complete transparency about potential pitfalls. Rather than glossing over challenges or presenting an overly optimistic view, he believes authentic communication forms the foundation of successful investor relationships.
"Be realistic and don't bullshit your way through it," Maulik emphasizes, noting that investors can easily see through overly polished presentations that lack substance. This genuine approach requires entrepreneurs to directly address potential risks rather than hoping investors won't notice them. "Here's the risk. Here's how we're going to derisk it. Here's where we see the opportunities," he explains as the framework for honest investor conversations.
This transparency extends to setting realistic expectations about focus and execution. Rather than promising to tackle multiple opportunities simultaneously, Maulik recommends demonstrating disciplined prioritization: "We will stay focused only on these two things until we get to this point." This approach builds investor confidence by showing entrepreneurs understand the importance of concentrated effort and realistic goal-setting.
The strategy also involves committing to under-promise and over-deliver rather than making grandiose claims that may not materialize. Investors appreciate entrepreneurs who set achievable milestones and then exceed them, as this pattern builds trust over time and demonstrates reliable execution capability.
Understanding What Investors Really Want
Beyond honesty about risks, successful fundraising requires understanding what motivates potential investors. "Understanding what the other side is looking for becomes really important," Maulik notes, emphasizing that effective capital raising resembles consultative selling more than traditional pitching. Like skilled salespeople who focus on customer needs rather than product features, entrepreneurs should tailor their approach to specific investor criteria and interests.
This investor-centric approach means clearly articulating how the company plans to de-risk the investment over time. Investors want to see a thoughtful strategy for reducing uncertainty and building toward eventual success, not just enthusiasm about market opportunities. Companies that can demonstrate systematic risk reduction while maintaining growth potential tend to attract more favorable investment terms.
The foundational elements that support this authentic approach include developing a clear value proposition, demonstrating execution discipline through past performance, and building a track record that gives investors confidence in focused delivery. However, these tactical elements only become powerful when combined with the genuine transparency that allows investors to make informed decisions about both opportunities and risks.
For entrepreneurs, this approach may feel counterintuitive — highlighting challenges rather than minimizing them seems likely to reduce investor interest. In practice, Maulik's experience suggests the opposite: investors appreciate honesty about risks because it demonstrates thoughtful leadership and creates the foundation for productive long-term partnerships rather than relationships built on unrealistic expectations.
Final Thoughts: Strategic Partnerships as an Accelerator
The principles that guide Anumana's approach to clinical adoption, regulatory approval, and fundraising converge in Maulik's strategy for strategic partnerships. Rather than attempting to build comprehensive solutions in-house, the company focuses on core competencies while partnering with established players like Boston Scientific, Mayo Clinic, and others who bring complementary capabilities.
"We're not going to get into the hardware business," Maulik explains, describing Anumana's partnership with Boston Scientific for imaging platforms. "Having that type of strategic partner really allows you to showcase what we're good at and what we can do in a very short time with a typical med device cycle."
Anumana positions itself as "device agnostic" while making existing platforms more intelligent through AI enhancement.
The speed advantage is significant. Rather than navigating lengthy medical device development phases, partnerships allow Anumana to integrate algorithms with proven hardware platforms, accelerating time to market while reducing development risk. For imaging applications with Boston Scientific, for example, this means creating "a digital envelope that's going to sit on top and provide a solution that enhances the current platforms."
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