How Artificial Intelligence Powers Healthcare Industry

Big data and Machine Learning impact most aspects of modern life ranging from entertainment to healthcare. The best example is Netflix and Amazon Prime, which can offer the films and series people prefer to watch. As for the eCommerce website – Amazon, it throws numerous products to individual users by learning about their preferences with the power of data insights. 

Basically, data empowers organizations to do detailed personal profiling. In healthcare, it helps behavioural understanding, targeting, and predicting healthcare trends. When it melts down to Artificial Intelligence (AI), it can provide valuable improvements in all healthcare fields, from diagnostics to treatment. Already, AI algorithms are helping avoid human intervention in various tasks, for example, in analyzing medical images or correlating symptoms and biomarkers from electronic medical records (EMRs) with the characterization and prognosis of the disease. 

Healthcare services are in great demand in the US, while many nations across the globe are experiencing a shortage of healthcare practitioners, especially physicians. On the flip side, many institutions are likewise struggling to keep up with all the new technological developments and the high expectations of patients concerning levels of service and outcomes. 

The improvements in wireless technology and smartphones have given opportunities for on-demand healthcare services. This includes health tracking apps and search platforms, it has enabled a new form of healthcare delivery through remote interactions. AI-based healthcare technology helps cost-cutting and limits needless exposure to contagious illnesses at the clinic. 

The healthcare ecosystem greatly understands the significance of AI-powered tools. The next-generation healthcare technology is here, and it is going to boost a lot of convenience in delivering top-class care from the comfort of the seat. A survey conducted by a leading healthcare firm projects that AI applications can slash annual US healthcare expenses by USD 150 billion in 2026.

Artificial intelligence applications in healthcare

AI tools help unimaginably and enhance human support for the betterment of care, however, on the contrary, AI will never replace the work of physicians and other healthcare staff. AI is already supporting healthcare with a variety of tasks such as: 

  • Administrative workflow 
  • Clinical documentation
  • Patient outreach 
  • Image analysis
  • Medical device automation
  • Patient monitoring & more

In 2018, Forbes said AI for healthcare would support administrative workflows, image analysis, robotic surgery, virtual assistants, and clinical decision support. In 2019 McKinsey stated AI would also power up critical areas such as connected and cognitive devices, targeted and personalized medicine, and electroceuticals.

Artificial intelligence and Medical Visualization

In healthcare, data needs to be interpreted, which appears in the form of either an image or a video. This data interpretation can be a challenging task, as it requires rigorous training for medical staff. The ability to discern medical phenomena and actively learn new content as more research and information present themselves is much more a challenging task. Nevertheless, the demand is ever-increasing, and there is a notable shortage of experts in the field. 

Therefore, there is a dire need for a fresh approach, and AI guarantees to be the tool to bridge the demand gap.

Minimizing risks in clinical operations and increasing efficiencies

Artificial Intelligence-based solutions can dramatically streamline diagnostic and treatment processes. For this, it uses large amounts of structured and unstructured medical data across institutions. This helps practitioners/surgeons/doctors at hospitals and health systems in clinical decision-making. It provides real-time, data-driven insights that they can alter and implement based on their expertise.

Enhancing patient outcomes with Artificial Intelligence

Artificial Intelligence supports the decision-making process through analytical data: One of the best examples is the Mount Sinai health system AI algorithm developed by researchers to detect COVID-19 by integrating patients’ chest CT scans. It included clinical information like age, blood reports, symptoms, and possible contact with infected people. 

The algorithm impersonates the practitioner workflow used to detect COVID-19. Therefore, it presents a final analysis using separate probabilities of CT images, clinical data, and both combined. The AI system detected 58% of COVID-19-positive cases when radiologists interpreted those cases as negative due to the negative CT appearance.

Enhancing customer experience in nonclinical operations

Artificial Intelligence can examine large amounts of information quickly that empower hospitals and health plan administrators. Therefore it is easy to optimize performance, increase productivity, resulting in time and cost efficiencies. Plus, Artificial Intelligence-enabled solutions can improve the acumen generation process by enabling the organization to get the complete picture it needs to make data-driven decisions. Eventually, Artificial Intelligence can also deliver personalized experiences by promoting conversations with patients through virtual assistants.

Data-rich insights – healthcare’s best bet

As organizations continue to refine their approach to elite services in healthcare. The effective use of data is the best asset for helping navigate results—granular insights on patient behaviour by harnessing the power of AI. 
HealthTechWiz is a leading healthcare solutions provider in the US. We understand the future of AI in healthcare; our solutions will allow you to help follow quintessential performance indicators to drive financial, operational, and clinical improvements. Get a free 30 Mins consultation to understand the opportunities of delivering a data-driven, patient-first solution. 

Immanuel NavinChandran is the senior content writer at the HealthTechWiz. With 10 yrs of experience in writing, he is passionate about helping people understand the latest Healthcare Software Solutions, Mobile Healthcare App Development, Medical IoT, and Artificial Intelligence. When he is not writing, you can imagine, he is having a chit chat with his buddies on the latest technology or technology news.