The Potential Of AI In Healthcare: 5 Ways AI Will Improve The Healthcare Industry

The healthcare industry has always been at the forefront of technology. And with the advent of artificial intelligence, IoT and advancements of machine learning, healthcare organizations can clarify their objectives and ways to attain them. From improved patient outcomes, account receivables to risk management and personalized patient care, there are endless opportunities to harness future-proof technology to render efficient and impactful patient care. 

According to a report of Cision PR Newswire AI to Save Healthcare Sector US$52 Billion in 2021. With the ever changing payment structure, patient demands have increased as they are expecting more from their healthcare providers. And here in the United States, healthcare is too expensive, it’s why the people are demanding more from providers. As per a report of the Centers for Medicare & Medicaid Services (CMS) “U.S. Healthcare disburse grew 4.6 percent in 2018 and spent nearly $1.2 trillion on Healthcare in fiscal year 2019, hitting $3.6 trillion or $11,172 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 percent. So, U.S. Healthcare contributes about 6.2 trillion U.S. Dollars in 2019.”

With the help of healthcare experts and analysts, we’ve drafted the list of top 5 ways artificial intelligence will revamp the healthcare industry to deliver quality patient care. 

1. Brain-Computer Interface

Using computers to interact is perhaps not a new idea, but bringing slight changes into communication by combining artificial intelligence with human intelligence without a keyboard, microphones, mouse or monitors is a leading success in healthcare research that has significant software for patient care. 

A brain computer interface is an intelligent computer-based system that detects brain signals, analyses them, and converts them into commands to get desired actions. According to this principle, any type of brain signals can be used to control a brain computer interface system. 

In case of neurological diseases and trauma to the nervous system, some patients lose their ability to speak, move, and communicate meaningfully with others. Brain computer interfaces laced with artificial intelligence could re-establish those fundamental experiences to those who may lose them forever. 

2. Digitalization of Medicine

Artificial Intelligence laced with futuristic aspects of virtual & augmented reality is anticipated to improve the American Healthcare System by covering the holes in accessibility. AI-based virtual medicine, also known as Telemedicine is helping patients from remote areas to connect with urban Healthcare centers, eventually minimizing waiting and readmission costs. 

According to a recent report of Mobihealthnews the global Telemedicine market will jump from its $38.3 billion valuation to $130.5 billion by 2025. This growth will unlock the potential to offer quality patient care. With its accessibility advantage, Telemedicine enables healthcare providers to track their patients remotely from their clinic or home. 

Artificial Intelligence in data gathering plays a vital role through receiving patients records & data from various hospitals. It all comes virtually and healthcare professionals can trust on this virtual information that also assists them in prioritizing patients. In this way, AI can surely revamp the Healthcare system. 

3. AI Always Has A Second Option

Highly-scalable and specific targeted algorithms operating AI-based medical healthcare software can help clinical screens for pathology and neurology with professional level accuracy. 

A recent study suggests that AI can unlock the opportunity to help pulmonologists detect respiratory symptoms easily to prepare accurate diagnosis, which will ultimately help in rendering quality patient care. 

AI has the potential that can be replaced, but not demolished, therefore it stands to improve the clinical experience of medical practitioners and help medical professionals in all fields. From cardiologists to pediatricians, AI is working as ears & eyes of professional medical experts in all fields. 

4. Personalized Wearables

Nearly everyone has access to high-tech gadgets with sensors that have the ability to collect data about their health, including footsteps and heart rate. Technology has improved everything, from our everyday life to healthcare and entertainment to education. Nowadays, from Apple Watch to Fitbit Versa, there are various variables, monitoring our health and Artificial Intelligence will play an essential role in refining insightful data from this. 

And, we’re living in a society in which we're liberal to know where this data has been shared. However, we are independent to stop sharing our personal data with companies like Facebook and Cambridge Analytics. And technology may evaluate the industry by smoothening the overall process, but patients tend to trust medical experts more than any gadget. This is a good chance to remap the healthcare industry simply by enabling healthcare providers access to wearable data to get insights into patients' health before rendering Healthcare services. 

5. Revamping Clinical Decision Making

As the entire healthcare industry is shifting from fee-for-rendering-services, it’s also shifting from reactive care. Other than chronic diseases, expensive acute events, and abrupt deterioration is the objective of every healthcare provider - and payment or reimbursement structures are finally at this point, enabling them to develop an operational process that is proactive and predictive. 

Most Healthcare providers fail to interpret pinpoint complications and improvement areas of their medical practice which eventually result in lower reimbursement, patients outcome and overall account receivables. So, Artificial Intelligence can be a breakthrough in rendering healthcare business intelligence solutions by emerging powerful analytics with high-end technology. AI is so powerful that it can prevent you from forthcoming situations like seizures and sepsis, which often require extensive analysis and complex data.

By empowering next-gen healthcare software and tools, Artificial Intelligence is shaping the healthcare industry with futuristic aspects. And with its future-proof advantages, healthcare providers are leveraging the potential of artificial intelligence, machine learning and IoT to improve their account receivables, patient outcomes and ultimately the quality of patient care.