Quick Glance
The exponential growth of healthcare data, ranging from electronic health records to genomic information, presents both opportunities and challenges. Artificial Intelligence (AI) is poised to address this data explosion by enabling population health analysis, personalized medicine, efficient data management, predictive analysis, accelerated drug discovery, clinician support, administrative efficiency, and enhanced data security. However, challenges like prediction accuracy, data privacy, regulatory compliance, and ethical considerations need to be addressed. With responsible development, AI can harness healthcare's massive data to improve patient care, advance research, and optimize operations.
In 2020, it was projected that the doubling time of medical knowledge was 0.2 years—just 73 days compared to 2010 when it was 3.5 years. Medical students who graduated in 2020 would experience four doublings in knowledge by the time they completed the minimum length of training (7 years) needed to practice medicine . This ever-increasing volume of data is part of a data revolution that is generated daily, encompassing electronic health records (EHRs), medical imaging, genomic information, wearables, and more. This data deluge presents both unprecedented opportunities and significant challenges for clinicians and allied professionals to assimilate and apply new information effectively. Fortunately, with the advent of Artificial Intelligence (AI), the healthcare industry is poised to not only manage this data deluge but also leverage it for improved patient care, research, and operational efficiency. AI has the potential to be one of the most beautiful and transformative developments in the field.
In this blog, we explore how AI is set to address the healthcare data challenge and revolutionize the industry.
Population Health
AI is being used to study large population datasets, helping healthcare systems better understand disease prevalence, risk factors, and treatment outcomes. As a result, preventative actions can be taken earlier and more effectively to ensure the health of our populations.
Personalized Medicine
The healthcare data deluge enables AI to create highly personalized engagement strategies, outreach, population health programs, treatment plans, and so much more. By consuming a patient’s interaction information and background, AI can develop a personalized engagement program for outreach and omni-channel experiences. By analyzing a patient's genetic, clinical, socioeconomic and lifestyle data, AI can recommend treatments tailored to the individual, leading to more effective and efficient healthcare delivery as prescribed by clinicians.
Efficient Data Management
AI can streamline the storage, retrieval, and management of vast amounts of healthcare data. Through advanced algorithms, AI helps categorize and index data for easy access and retrieval, reducing the time and effort required to search for critical patient information. AI can also monitor patient vitals continuously, and in real-time, enabling early intervention. This ensures that healthcare professionals have the right data at their fingertips when making decisions and helps drive better patient outcomes.
Predictive Analysis
AI excels at predictive analysis, which is invaluable in healthcare. It can forecast patient readmissions, patient scheduling cancellation behaviors, prior authorization approvals, and even patient deterioration. By identifying high-risk individuals, healthcare providers can intervene proactively, reducing hospitalizations and improving resource allocation.
Drug Discovery and Development
The vast datasets generated during clinical trials and research can be effectively analyzed by AI, expediting drug discovery and development. AI can identify potential drug candidates, predict drug interactions, and optimize clinical trial designs, reducing costs and time-to-market for new medications.
Clinician Support
AI can help reduce clinician burnout by being an always-on virtual assistant. AI can support clinicians by delivering encounter summaries or automating charting such as voice to text, and AI as an automated assistant can do lookups and other research including drug interactions, patient summaries and referral templates. By supporting clinicians in their daily work, AI can be a welcome tool to not only increase efficiency but to also reduce burnout on already overworked and often understaffed clinicians.
Administrative Efficiency
Beyond clinical applications, AI can improve healthcare administration. It can automate administrative tasks like appointment scheduling, billing, and claims processing, and prior authorizations reducing administrative burdens on healthcare providers and streamlining operations for payers. AI can handle complex scenarios that require interpretation of text, audio, and visual sources that historically have required human intervention – making the vision of real- time resolution a reality. Removing administrative barriers increases access to care while reducing the cost of care – a win/win scenario
Data Security and Privacy
AI can play a crucial role in improving data security and privacy. It can predict potential security weaknesses and breaches before they happen, detect subtle anomalies that may represent a breach, and adapt security defenses 24/7. AI can improve identity management and authentication to ensure data privacy and can easily de-identify health information to support large scale analysis without risk of privacy breaches. Applying AI for Data Security and Privacy is a must for all healthcare organizations managing critical patient data
Challenges and Considerations
In a Nutshell
Kelli Bravo helps healthcare and life sciences organizations develop digital transformation and engagement strategies that build relationships, simplify operations, and improve the way healthcare is delivered.
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About Coforge.
We are a global digital services and solutions provider, who leverage emerging technologies and deep domain expertise to deliver real-world business impact for our clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. We lead with our product engineering approach and leverage Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Our proprietary platforms power critical business processes across our core verticals. We are located in 21 countries with 26 delivery centers across nine countries.