How AI can transform healthcare
Artificial intelligence is driving changes in almost every industry, healthcare included. The cost of healthcare has been rising rapidly for decades on end. Some studies have concluded that healthcare will account for over 20% of the GDP of the US by 2025. At the same time, healthcare professionals are working hard to treat the increasing number of patients with their high patient care expectations. Artificial intelligence could be the solution that the industry is desperately searching for.
Simply put, artificial intelligence is intelligence which is demonstrated by machines, as opposed to the natural intelligence displayed by humans Artificial intelligence is sometimes also referred to as machine learning. AI mainly functions through the use of algorithms, which is a set of instructions that a mechanical computer is able to execute.
Artificial intelligence and machine learning can help save time in diagnostics and treatment, ultimately trimming down costs in labour, which decreases the total cost. The company Athelas uses machine learning and computer vision to be able to identify morphology and quickly characterize cell types through a tiny finger prick of blood. Athelas CEO Tanay Tandon on the innovative use of artificial intelligence, “clinicians and health plans are able to save thousands of dollars annually per patient by reducing hospitalizations, detecting adverse events earlier from frequent Athelas tests, and by keeping patients safely compliant on necessary therapeutics.” This technology is used by thousands of clinicians to save time and money.
In the healthcare industry, accuracy is key, artificial intelligence allows for the improved accuracy of diagnostics and many other aspects of healthcare, more accurate information can lead to better preparations and decisions, for example, AI can aid in the reporting of COVID-19 cases which can help hospitals and workers make critical decisions along the road to recovery.
Do you think artificial intelligence technology can transform the healthcare industry for the better? Tweet us at @HealthcareDog and let us know.