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By Nadiia Wyttenbach and Paul Hemings Healthcare AI has matured. Today we see companies generating $10–300m in revenues, with multi-year contracts scaling to $40–60m, near-zero churn, and profitability within 12–18 months. Unlike consumer AI, errors in healthcare carry life- and-death consequences, so specialist, clinically grounded providers win where generalists and Big Tech consistently struggle. Based on tenders and commercial track records across Europe, the US, and MENA