Artificial Intelligence (AI) has successfully taken over humans, integration of this modern technology has resulted in a decrease in operational cost and increasing efficiency. AI adoption is getting more sophisticated with each passing day, the involvement of AI technology is used vastly in the healthcare industry and expected to transfer the future of this sector possibly.
Robotics and Artificial Intelligence (AI) has become an integral part of the healthcare ecosystem. Many recent studies have shown that this modern technology has proven to be very beneficial for the healthcare sector as it helps doctors in disease diagnosis and cancer screenings.
Healthcare costs are touching new heights, and patients fail to pay heavy bills. Doctors are making good money, which is costing much high to patients, this results in shatters the healthcare system of the country. Besides being superficial, it has rooted deep down with great inefficiencies in the insurance and healthcare systems, all these problems can easily be solved with the help of the involvement of AI technology in the healthcare sector.
Explore to Know How AI Can Help in Fixing Health Care Sector
According to the recent report, AI has bagged a market cap of around 9.5 billion USD in 2018, and this number is estimated to grow more and reach around 118.6 billion USD by 2025. Previously the Global Healthcare AI Market accounted for around 0.95 billion USD in 2017, this number is expected to reach around 19.25 billion USD by the end of 2026, CAGR is expected to grow and reach to 39.7% in the same year. (Source)
Artificial Intelligence (AI) has numerous benefits to offer to mankind, one of the biggest benefits of this modern technology is that it helps to stay fit and healthy and erases the need of the doctor and reduces it to a great extent. The collaboration of AI and the Internet of Medical Things (IoMT) in the healthcare sector is helping people. Additionally, this modern technology increases the ability of healthcare professionals to better understand the day to day needs and patterns of the patients. The integration of this modern technology is helping to improve feedback, support, and guidance to the healthcare sector.
Healthcare services are becoming more expensive with each passing day, this results in making the patients bankrupt because of increasing costs. Artificial Intelligence (AI) has great potential and helps to fix various problems that are raised in the healthcare sector, explore to know which problems can be fixed with the help of modern technology such as AI.
Reduces Administrative Costs
More than 30% of the medical costs in the U.S. are associated with the administration. This cost might include the need for billing of staff, consulting fees, insurance-related activities, and much more. Artificial Intelligence (AI) helps the healthcare sector to automate the insurance claims as well as paperwork, reduce frauds, finding the right vendors for drugs and reduce frauds and much more can result in decreasing the administrative cost to a huge extent.
Nowadays, modern technologies are used in developing smart app like pandora for the use of people. Developers use technologies such as artificial intelligence, the internet of things, and many more to develop a management system or any other advanced system which automates all the work and ease the life of the users. Artificial intelligence is also used to develop advanced and smart apps solutions, which can help to monitor the health of the patients and help them to provide medication details that also without having the need for involvement of the doctor.
Pre-diagnostic chatbots can be considered as one of the best examples of this healthcare approach. This advanced solution can easily talk with the patients and can instruct them to maintain their health more efficiently and accurately than ever before. It can also help patients to identify at the initial stage by identifying all the symptoms and can suggest efficient and accurate medication or advice accordingly.
Artificial Intelligence is not only used to monitor the health of the patients, but the healthcare industry is also using it to synthesize and aggregate information. Besides this, it can also help them to reuse existing drugs and also helps in automating the task related to clinical and preclinical experiments. This modern technology also helps in publishing all the results automatically. These activities help the healthcare sector to discover the drugs faster than ever before, this eventually results in decreasing the cost of finding the drugs for the use of the users.
Less Human Errors
In the case of malpractices, doctors need to pay a huge penny to patient’s families. By putting automated techniques with the help of modern technology such as Artificial Intelligence (AI) in various areas of the healthcare sector can reduce human errors to a great extent. Thus integration of this modern technology must be considered to vanish the malpractice practice to a large extent.
Lower Operational Costs
Automating health check-ups and digital billing systems using Artificial Intelligence can help to reduce the operational amount to a great extent. Various operations can be automated to run the hospitals, this results in decreasing the operation cost at the same time.
Know-How Artificial Intelligence is Used in the Healthcare System?
The Healthcare sector is integrating artificial intelligence in various ways and is leveraging various advantages after considering using it, knowing how various healthcare systems are developed using modern artificial intelligence technology. This healthcare sector includes:
- Discovering new therapies.
- Primary care.
- Patient risk identification.
- Simplifying clinical documentation.
- Diagnosis and disease detection.
- Developments in reproduction strategy.
- Measuring healthcare quality.
The Convergence of Emerging Artificial Intelligence Technologies
Artificial Intelligence (AI) is surely an emerging technology which has a great scope for the healthcare sector as it is transforming it by introducing new and innovative solutions. But there are various areas where data and security breaches are measured after the involvement of modern technologies.
But a combination of modern technology with artificial intelligence can prove to be an ideal solution for the healthcare sector. For instance, Blockchain can be combined with AI to develop an advanced platform that tamper-proof, Blockchain technology can be considered as a distributed ledger-based technology on cryptography. Similarly, the Internet of Things (IoT) can be combined with Artificial Intelligence (AI) technology to introduce much smarter and better solutions.
Moreover, robots and Artificial Intelligence (AI) follow Machine Learning (ML) algorithms to introduce new things to the world. This modern technology can prove to be more beneficial for healthcare sectors as it helps to treat and diagnose people at any location such as workplaces, homes, hospitals, and clinics. This change is offering convergence to bring change in existing healthcare methods by introducing new and innovative solutions to treat people having long-term chronic diseases.
Artificial Intelligence is considered as a revolutionary technology, this technology is making our lives much easier and simpler since it came into existence. There is no doubt that this technology can’t take the place of doctors, but it can help them to improve their work and helps to enhance their treatment and other health-related processes to a great extent.