Artificial Intelligence playing a significant role in the healthcare industry. According to the reports by Frost & Sullivan, the healthcare AI market is expected to experience a CAGR of 40% by the end of 2021, and it can improve healthcare outcomes by 30 to 40% and reduce treatment costs in half.
As per the analysis, AI applications in healthcare can reach USD 150 billion dollars in yearly savings for the United States healthcare economy by 2026.
Importance of AI in the Healthcare
The judgments made by the physicians can now be improved with the additional layer of the AI over the information. Training the code using this information decreases the probable errors in the healthcare field.
Electronic Health Record
Electronic health records are generally a digital patent chart containing information from a number of hospital encounters include in an account that can access facilities and hospitals. It has all data including the type of medicine, disease, test prescribed, test results, and many more. Most of this information has served manually at some time. But we can change it with the help of Artificial Intelligence by using data extraction from free documents through AI. We can also access the medical data by NLP (Natural Language Processing).
Medical Imaging Diagnostics
Artificial Intelligence plays an important role in assisting intelligence in the radiology images accessed by the scanning machines. CT scans, X-rays, and MRIs use to know about the human body’s inner workings. The pathologist, the doctors, and the diagnostic imaging team can reach a common decision related to treatment. And the chance of overwhelming hurdles is extremely high. By using deep learning algorithms, it becomes possible to distinguish among cancerous and non-cancerous cells in a highly precise way. The surgeons and radiologists can now able to solve any problem and study precisely. And able to do something more than the human eyes can do.
Virtual Health Assistance
It is likely to improve patient engagement to the further level with IVA (Intelligent Virtual Assistant) and MVA (Medical Virtual Assistant). Nowadays, medical support has reached beyond the wearables with advising patients to not only handle their objectives but also to truly help them after their health. Just like a real assistant will such as offer medical advice for common complaints, medication reminders, suggest eating habits and diet, remind doctor appointments, a reminder for a medication refill, let virtual interaction with experts, and many more.
The Artificial Intelligence assistant can immediately provide information on the patient’s present and past health. And make references that will help in the diagnosis. Procedures have become slightly invasive techniques whereby hospital stay significantly reduce. And the most important thing is, the AI-based equipment monitor the health levels of patients after the surgeons, nurses, and wardens have gone to sleep or rest.