Artificial intelligence (AI) is a game changer no matter what industry uses it. With technological advancements, AI has begun changing the healthcare industry in ways that were never possible. From using AI in clinical trials to finding new drug candidates to preventing medical errors, AI is changing how patients are treated and cared for and how clinicians run their practice.
While AI has been a subject of debate in the past, it is becoming increasingly popular in healthcare. However, many still have questions and concerns about the adaptation of AI throughout the industry. While adaptation is still slow to take off, AI in the healthcare market size is up, and patients believe that AI will help improve healthcare quality and efficiency.
Key Takeaways:
- The global AI in Healthcare market will reach $95.65 billion by 2028.
- Only roughly 9% of healthcare organizations have used AI models (for at least 5 years) as of 2021, and another 18% were considering using AI.
- Patients believe that AI will improve healthcare significantly (49%) and somewhat better (44.5%).
The Rising Role of AI in Healthcare
AI involves machines that can learn and work independently, making data-based decisions
While it has existed for quite some time in different settings, including AI in digital marketing, audience engagement, and digital assistants, many people have speculated just how useful AI will become in healthcare.
AI in healthcare isn’t exactly new. Think about it. Smartphones now come preloaded with apps such as the Health app from Apple or the Samsung Health app that allow you to track your health and wellness.
There are also dozens of wearables that help you track anything from your daily exercise to changes in your skin temperature. These apps and devices then use your personal data to generate suggestions for improving your health, sleeping, etc.
People don’t always know that these apps and devices can also share this data with third-party servers to create algorithms and use it to create AI services that help doctors and patients.
While some of the most common uses of AI in healthcare include using AI chatbots, automating administrative tasks, and even providing personalized care recommendations, many more uses remain unexplored.
Source: GMI Insights
5 Ways AI Is Changing the Healthcare Industry
Artificial intelligence is playing an increasingly important role in healthcare. From diagnosis to treatment, AI tools are helping doctors make better decisions, minimizing errors, and even detecting disease in an earlier stage. Here are five ways AI is changing the healthcare industry.
1. Drive Cost Savings
AI is helping drive cost savings in healthcare. A study by Accenture found that AI could help the U.S. healthcare industry save up to $150 billion per year by 2026.
These operational efficiencies result in time and cost savings for providers and patients. For example, automating administrative tasks, such as appointment scheduling and billing, can free up staff time to focus on more critical tasks.
Similarly, AI-enabled chatbots can help patients self-schedule appointments or answer common questions, saving them time and frustration.
2. Precision Medicine
Precision medicine is a rapidly growing field in healthcare that uses AI and other data-driven approaches to diagnose and treat diseases. In precision medicine, each patient’s treatment plan is tailored to their specific situation rather than using a one-size-fits-all approach. This personalized approach to medicine can result in better patient outcomes and lower healthcare costs.
Precision medicine is made possible by advances in AI, genomics, and other data-driven technologies. As these technologies continue to develop, precision medicine will become increasingly commonplace in healthcare.
3. Improving Provider Efficiency
In addition to cost savings, AI improves provider efficiency. Thanks to the advances in AI, providers are more capable of streamlining their daily administrative tasks and diagnostic and treatment processes. Providers can focus more time and attention on their patients, improving patient care.
Finally, as providers become more efficient, their patients will benefit from this increased care, resulting in improved patient satisfaction and better patient recommendations. Studies continue to find that those in the healthcare industry prioritize AI to help improve efficiency across the board.
Source: Deloitte’s State of AI Survey
4. Improved Patient Engagement
Engaging patients in their care is essential to provide the best possible outcomes. AI gives patients tools to manage their health better.
For example, AI-enabled chatbots help patients schedule appointments, refill prescriptions, and answer common questions. Patients feel more in control of their health and engaged in their care.
Additionally, AI assists providers to better understand their patient’s needs and preferences. Providers can employ this deeper understanding to customize care plans and treatment options, resulting in more engaged and satisfied patients.
5. Better Training for Clinicians and Staff
Healthcare industry professionals know they will never stop their education process. There is always more to learn and understand about their work and patients. While AI provides clinicians and staff with more information and tools to help them better serve their patients, it also improves their training and education process.
AI improves training for clinicians and staff in a few ways. First, it creates more realistic simulations for training purposes. Clinicians and staff learn how to handle different situations without putting patients at risk.
Additionally, AI customizes training for each individual based on their needs and learning style, ensuring that each clinician and staff member gets the most out of their training.
Finally, AI provides feedback and guidance during training so clinicians and staff can learn from their mistakes and improve their performance.
Stay Updated on How AI Is Changing the Healthcare Industry with Share Moving Media
As technology advances, there are more opportunities for AI to help in the healthcare industry. Share Moving Media can help you stay updated on all the latest news and advancements in AI so that you can prepare for what’s to come.
Contact our team today to learn more.