A rtificial intelligence is transforming businesses in unprecedented ways. Global enterprises are adopting AI to improve operational efficiencies, elevate business outcomes and deliver superior customer experiences. The Healthcare industry has started to realize the need for AI-driven solutions to address some of the most pressing challenges in the industry.

MarketsandMarkets research report indicates that AI is set to grow from $667.1 million in 2016 to over $7.9 billion by 2022, at a CAGR of 53 percent over the forecast period.

The world is working closely to explore how this fast-developing area can improve the overall healthcare experience for both patients and the Healthcare industry by translating the potential of AI solutions into benefits. While AI in healthcare solutions on one side can help save people’s life and improve care, alternatively, it can enable Healthcare and life science businesses — make the best use of their expertise and make informed decisions.

Though AI in healthcare is seen as an emerging technology trend, there is also an undeniable fear and uncertainty. As alongside the opportunities, AI solutions involve a number of ethical and regulatory challenges, precisely where they can have significant impact on the life and health of patients involved. Moreover, it is critical to developing clear standards and frameworks alongside technological developments. Nevertheless, the world will understand that AI and human labour are two unique functioning systems that are irreplaceable.

While AI promises speed, consistency and accuracy. It can’t simply replace human empathy, acumen and objective analysis. So, together they will complement each other’s capabilities. The Healthcare industry realizes that AI would give real-time insights to drive meaningful change — and help capture as many dollars as possible, while also delivering an excellent patient experience. A new generation of AI-enabled healthcare products and services could help

• In precise early diagnosis and prevention of diseases
• Robot-assisted surgery
• Rapid image recognition, symptom checking and risk stratification to personalize health screening in the field of diagnostics
• Generation of new medicines by algorithms that can compare thousands of drug compounds in a matter of weeks instead of years.
• Administrative workflow support
• Virtual nursing assistants
• Clinical use cases
• Fraud detection and many more

The spiking incidents of COVID-19 have brought AI to the forefront more than ever — to track, contain and also to gain a better perspective of the disease. It is one of the best possible tools for evaluating a global pandemic, which requires comprehending vast data from multiple sources, dimensions at a lesser time.

From clinical decision support to diagnosis to patient engagement to revenue cycle, Artificial intelligence and machine learning algorithms are addressing some of the biggest challenges in healthcare. Though the breadth of AI applications in The Healthcare industry is rapidly increasing and is vast, let’s explore its contribution to key healthcare innovation, which has garnered much attention — Patient Engagement.

AI-Driven Patient Engagement

A survey of over 300 clinicians and health systems reported that more than 70% of them have lesser than 50% of patients highly engaged and 42% of them had just about 25% highly engaged.

AI-powered patient engagement solution provides real-time insights — helping patients proactively manage their health. This level of engagement leverages the power of AI in healthcare to drive meaningful customer relationships. It allows physicians and hospitals to take advantage of technology to accelerate patient experience and satisfaction.

A patient engagement solution provides patients access to their medical records, efficient appointment scheduling, direct communication with staff and their care coordination teams, and more. So, a comprehensive patient engagement platform driven by AI increases the quality and efficiency of healthcare and also the market share.

If you would like to explore how AI in healthcare can help your Healthcare system, SolvEdge will be glad to guide you. Learn more about our patient-focused, physician designed patient engagement platform — RippleCARE.

Talk to our team!