4 Things to Know about AI in Healthcare that will make you Feel Better

Artificial intelligence has been known by now that it simplifies the lives of patients, doctors and hospital staff by performing tasks that are usually carried out by humans, in a lesser cost and faster time-frame that what it would usually take a human to complete.

The AI sector was valued at approximately USD 625 million earlier in 2014 and is projected to reach a USD 155 billion by early 2026.

USING AI TO EFFICIENTLY DIAGNOSE AND REDUCE ERRORS

In 2015, misdiagnosing illness and medical errors accounted for 11% of all deaths in the United States. With regards to the same, the promise of improving the diagnostic process is one of AI’s most surprising healthcare applications.

Back in the day, it was a whole long process of actually diagnosing diseases and reducing errors because of the limitations to technology and know-how of resources. With the help of AI, one can now predict and diagnose a disease at a faster rate compared to five years ago. For example, an AI model using algorithms and deep learning diagnosed breast cancer at a much higher rate than 12 pathologists.

RESEARCH AND DEVELOPMENT OF NEW MEDICINES WITH AI

As you may already know that the healthcare development industry is bogged down by mind boggling development costs and research that takes a lot of hours. Figuratively, it costs somewhere around USD 2.65 billion to put each drug through trials. Even after all of this investment, only 12% of those tested drugs are released for human use. Biopharmaceutical companies are quickly taking notice of the knowledge, efficiency, and accuracy  that AI has the potential to provide.

To give you an example, one of the biggest AI breakthroughs in healthcare development industry came in 2007 when researchers tasked a robot named Adam. Adam scoured billions of data points in numerous public databases to hypothesize about the functions of nineteen genes within yeast.

STREAMLINING PATIENT EXPERIENCE WITH AI

Time is money when it comes to healthcare and research. Efficiently providing a friendly, quick and seamless patient experience allows physicians, doctors, hospitals, and clinics treat more patients daily, which is a good sign of progress.

Hospitals in the United States of America saw more than 36 million patients in 2016, with different ailments, and insurance coverage. A 2016 study of 33,000 physician reviews revealed 96.7% of patient complaints are regarding customer service, paperwork confusion, and bad front desk experiences.

Things are changing over the past few years as new innovations in AI healthcare technology are streamlining the patient experience with regards to customer satisfaction, management, and operations.

AI ROBOT-ASSISTED SURGERY

Hospitals have started using robots to assist with everything from minimally-invasive procedures to heart surgeries. Robots help doctors perform complex procedures with a flexibility, control, and precision that goes beyond the capabilities of a human mind.

As of today, robots are equipped with cameras, arms and instruments with an AI backed algorithm to person tasks. Surgeons have the ability to control the mechanical arms while seated at a computer console.

Fact be told, robot-backed surgeries have led to fewer surgery-related complications, quicker recovery time, and less pain. Do share with me your thoughts in the comments section below.

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