Many people quickly realize that artificial intelligence (AI) has a lot of uses in healthcare, from chatting with patients to helping surgeons do their jobs and coming up with new drugs. Here is what to know about AI in healthcare and the ways AI systems can transform the healthcare industry for the better.
How AI is revolutionizing healthcare
Statista’s most recent data shows that the AI healthcare market is growing quickly. It grew from $11 billion in 2021 to an impressive $187 billion by 2030. It’s clear that healthcare stakeholders, from doctors to drug companies, will face big changes because of this exponential growth in AI technologies.
The combination of better machine learning (ML) algorithms, easier access to patient data, cheaper hardware, and the arrival of 5G has sped up the use of AI in healthcare. These artificial intelligence (AI) and machine learning (ML) tools can quickly search through huge amounts of health data, such as patient records and genetic databases, to find insights at once.
Operational efficiency through AI
Many healthcare organizations are using AI to improve clinical workflows, from routine administrative tasks such as claims processing to guiding patient care and clinical processes. Here are some of the possible benefits of AI in healthcare:
Streamlined Administrative Workflow
Healthcare providers spend much time on paperwork like credentialing, medical records, and other administrative tasks. Artificial intelligence (AI) and automation can do many boring tasks. For example, generative AI can help medical providers take notes, building complete medical records and improving medical records management. AI can also make it easier for departments to share patient data and electronic medical records, as well as speed up boost revenue cycle management by speeding up billing and reducing human error.
AI-Powered Nursing Assistants
A recent poll showed that 64% of patients would rather have AI answer their questions 24 hours a day, seven days a week, just like nurses do now. AI-powered virtual nurse assistants, including chatbots and apps, can answer medication questions, send reports and electronic health records to medical professionals, and even help families make doctor’s appointments. This kind of automation can free up clinical staff to focus on giving direct patient care better health outcomes.
Mitigating Dosage Errors
AI can play a pivotal role in identifying discrepancies in patient medication administration. For example, a study in Nature Medicine showed that almost 70% of patients did not follow the directions for giving insulin. AI tools that work invisibly in the background can find these problems, keeping patients safe.
Better Surgical Accuracy
AI-powered robots can handle complicated surgeries with less blood loss, infection, and pain afterward. It may also be able to aid in medical imaging and radiology images to better detect and provide accurate diagnoses.
The healthcare industry deals with a huge $380 billion in fraud annually, which drives up premiums and out-of-pocket patient costs. AI can find problems with insurance claims, which reduces the chance of fraud.
Elevating patient experience with AI
A study found that communication problems were the main issue for 83% of patients, which shows how important it is for patients and providers to talk to each other openly. AI tools that use natural language processing (NLP) and predictive analytics can help people talk to each other across these gaps. AI can help people work together to make decisions about patient care by giving them more detailed information. This can make patients happier and provide better patient outcomes.
AI’s potential in diagnostic efficiency
Harvard’s School of Public Health says that diagnoses made by AI could cut the cost of treatment in half and improve health outcomes by 40%. For example, research from the University of Hawaii showed how deep learning AI could help predict the risk of breast cancer. Training these AI algorithms on huge image databases can make diagnostic accuracy unmatched.
A group of MIT researchers also devised an ML algorithm that can figure out which situations need human expertise. A hybrid human-AI model worked best in some cases, like when it came to finding cardiomegaly on X-rays.
Another study showed that AI was better than experienced dermatologists at finding skin cancer. With over 100,000 images used to train deep learning algorithms, researchers found that AI was superior to 58 dermatologists’ diagnoses.
AI’s Role in Proactive Health Monitoring
With all the new health and fitness trackers on the market, doctors can get real-time information about your health and take steps to improve it. AI tools, such as big data applications and deep learning algorithms, can look at these huge datasets and help doctors make decisions. For example, AI’s ability to track contagious diseases like COVID-19 and malaria could completely change how the world watches over health.
AI’s Potential in Data Integration
It is impossible to beat AI in healthcare when it comes to taking in and sharing information. Wearable devices can check your glucose levels in real-time for diseases like diabetes, which affects 10% of people in the US. AI can put all of this information together and give healthcare professionals useful information that they can use to manage diseases better.
Harnessing AI for Enhanced Health Monitoring and Preventive Care
People rely increasingly on apps that carefully track and analyze their health metrics as health and fitness monitors become more popular. Patients can get proactive health monitoring and timely alerts in case of possible problems by sharing this real-time data with their healthcare providers.
AI-powered solutions, such as big data apps, machine learning algorithms, and deep learning methods, can help medical professionals look at huge amounts of data and make better clinical decisions. AI has the potential to find and keep an eye on contagious diseases like COVID-19, tuberculosis, and malaria, for example.
AI: Bridging the Gap in Healthcare Data
One of the best things about AI in healthcare is that it makes sharing and collecting data easier. Take the case of diabetes as an example. The US Centers for Disease Control and Prevention says that 10% of people in the country have diabetes. Wearable tech and other monitoring tools let modern patients tell themselves and their medical teams about their glucose levels in real-time.
AI can help providers gather, analyze, and draw conclusions from this huge amount of data from many different people. These insights can help doctors and nurses develop better ways to treat and manage diseases.
Companies like SELTA SQUARE are the first to use AI to make drugs safer. They are changing the pharmacovigilance (PV) process, which is a required field that looks for, reports, and stops bad drug effects. This process starts with the clinical trials and goes on for as long as the drug is on the market. SELTA SQUARE has made the PV process faster and more accurate by using a mix of AI and automation. This means that people around the world can get safer medicines.
Additionally, AI might make it less necessary to test potential drug compounds physically, saving a lot of money. Computers can run complex molecular simulations, bypassing traditional discovery methods’ high costs. AI can also help predict a drug’s toxicity, bioactivity, and other molecular properties. It can even make new drug molecules from scratch.
Navigating AI Governance in Healthcare
As AI’s use in healthcare grows and more AI-powered medical apps emerge, it’s important to set up ethical and legal oversight. Concerns include:
Lack of transparency
Data privacy issues related to training AI models
Problems with safety and liability
Laura Craft, VP Analyst at Gartner, stressed the importance of regulating AI in healthcare, especially regarding medical uses. She said innovators planning their pilot projects need standard rules and guidelines.
Experts in ethics, digital technology, law, human rights, and different health ministries worked with the World Health Organization (WHO) to make the report “Ethics & Governance of Artificial Intelligence for Health.” This report lists the ethical problems and risks that come up and suggests six rules that everyone should follow to make sure AI works for everyone:
Upholding human safety and well-being
Advocating for responsive and sustainable tools
The main goal of the WHO’s suggestions is to help with AI governance in healthcare, making the most of the technology’s potential while ensuring it is accountable and responsive.
AI’s Promising Future in the Healthcare Ecosystem
AI in healthcare has a lot of potential to reduce mistakes made by humans, help medical professionals, and provide 24/7 services to patients. As AI tools improve, more uses could improve, like assisting doctors in understanding medical images, disease diagnosis, and developing treatment plans.
In the future, AI tools could automate or improve even more tasks that medics and staff usually do. This would give healthcare workers more time to care for patients compassionately and effectively, improving the healthcare experience.
The Transformative Power of AI in Patient Experience
A shocking 83% of patients said bad communication was the hardest part of their healthcare experience, according to a recent study. This shows how important it is for patients and healthcare providers to be able to talk to each other better.
AI tools like speech recognition, natural language processing (NLP), and predictive analytics can help people talk to each other more clearly. By using AI, healthcare professionals can give more accurate information about treatment options, which makes it easier for people to work together to make decisions.
AI’s Role in Streamlining Diagnoses
The School of Public Health at Harvard says that diagnoses made by AI could cut the cost of treatment by up to 50% while also making health outcomes 40% better. The University of Hawaii has come up with an interesting case study. In this study, researchers found that deep learning AI technology could make predicting the risk of breast cancer a lot better. An AI algorithm trained on huge sets of images can do better than traditional radiological tests, though more research is needed.
Additionally, a group of researchers at MIT created an ML algorithm that can tell when human expertise is required. A hybrid human-AI model worked best in some situations, like when it came to finding cardiomegaly on chest X-rays.
In another groundbreaking study, artificial intelligence was better at finding skin cancer than experienced doctors. US, German, and French researchers used more than 100,000 pictures to train deep-learning algorithms to find skin cancer. If you put AI against 58 international dermatologists, it would win every time.
AI’s Potential in Proactive Health Monitoring
With so many health and fitness trackers on the market, people can now actively monitor their health metrics. Patients can get proactive monitoring of their health and timely interventions by giving their doctors real-time information and health data.
AI technologies, like big data apps and machine learning algorithms, can help doctors look at huge amounts of data and make better clinical decisions. AI has the potential to find and keep an eye on contagious diseases like COVID-19, tuberculosis, and malaria, for example.
Professional Healthcare Consulting with PayrHealth
There is no doubt that artificial intelligence has the potential to change healthcare. AI in healthcare is about to change everything, from improving the patient experience to making diagnoses easier to proactive health monitoring. AI tools are getting better all the time, and the healthcare field will soon be able to provide faster, more accurate, and patient-centered care. To learn more about how to stay ahead of the latest developments like artificial intelligence in healthcare, contact PayrHealth today to meet with our team.