How AI Benefits Healthcare Institutions

How AI Benefits Healthcare Institutions

October 03, 2019 | 04.30 PM EDT

The healthcare industry is facing rapid changes owing to the latest advancements in AI. Accenture's research on AI health market suggests that healthcare AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026. Be it better patient experience or stringent government regulations, healthcare institutions are at the forefront of an industry-wide digital transformation.

Ideally, they are an integral part of the healthcare ecosystem and facilitate a more seamless experience between the providers and patients. Consequently, it's essential to understand the challenges and opportunities in healthcare to identify and implement advanced AI technologies that are relevant and reliable.

Health AI market

Source: Accenture's Insight on Artificial Intelligence for Healthcare

AI and EHR Workflow

In the United States, providers spend more time filling out Electronic Health Records (EHRs) than engaging with their patients. AI is particularly good at performing repetitive tasks which proves to be highly beneficial to the healthcare industry. It can automate the entire EHR workflow from capturing patient visits to updating EHRs.

Furthermore, it can also identify, analyze, and compare common patterns and trends from the available patient data. It accounts for alerting providers on potential future health outcomes of the patients. For instance, IBM's Watson makes treatment recommendations to providers based on patients' medical records. Likewise, the healthcare industry leverages AI-driven clinical documentation apps to build a comprehensive and smart Electronic Health Record (EHR) system. CascadeMD is an AI-powered provider-centric application that streamlines clinical documentation workflow in real-time for Electronic Health Record (EHR)/Electronic Medical Record (EMR). It helps improve provider-patient experience.

AI and Patient Experience

Time, distance, and lack of communication are few of the most common factors which often contribute towards unsatisfactory patient experience. AI can effortlessly optimize patient experience irrespective of the level of complexity involved in healthcare delivery. It democratizes healthcare by streamlining patient experience with "self-service" AI applications. For example, AI-powered patient-centric apps like Babylon Health and ADA help patients to quickly check on their health symptoms at any time from anywhere and receive health-related alerts on their mobile devices. Dr.Now is an app that helps patients book virtual consultations via video with a general practitioner (GP).

The healthcare institutions provide a diverse range of healthcare services to the public across various geographical locations which result in generating petabytes of data. Emerging technologies such as AI, Big Data, and Robotics powering advanced healthcare applications can help transform the quality of healthcare delivery by digitally optimizing healthcare data as well as patient experience across healthcare institutions, globally.