The growing role of Artificial Intelligence in Healthcare
The digitalization of healthcare has changed how the industry manages diseases, with artificial intelligence (AI) providing the industry with the opportunity to capture and analyze data in a new way that is beneficial to patients, physicians, and the broader healthcare community.
In October, Boston Healthcare connected with the innovators of AI-enabled companies at the AI in Healthcare Conference. Discussions focused on the use cases of AI in healthcare, barriers to adoption, as well as measures to ensure successful integration of AI.
Also discussed were the many value propositions of AI in healthcare, including:
- Improving workflow efficiencies,
- Reducing or controlling healthcare costs and spending,
- Lessening the time and cost of developing new personalized treatments, and
- Avoiding repeat visits and readmissions.
Despite clear use cases for AI in healthcare, many barriers to adoption still exist.
For successful AI adoption, there needs to be increased and secure data sharing as well as communication between AI innovators and physicians, lab technicians, and other potential users of AI technologies.
Increased communication between AI innovators and AI technology users is particularly important as the value and utility expectations for an AI product or service may vary amongst different stakeholders. In AI, as is in other healthcare fields, being able to bypass or pass FDA regulations does not guarantee product adoption. Being able to understand the unmet needs that are important to healthcare stakeholders will ultimately create value and demand for AI healthcare products and services.
Boston Healthcare is aware of the growing market for AI in healthcare and is prepared to help AI innovators realize the value of their product and navigate AI adoption and implementation barriers in the healthcare landscape.