July 7, 2021 3 mins read

How AI Is Transforming The Healthcare Industry

 

Artificial Intelligence (AI) is perhaps one of the biggest and most transformative technologies of our times. When AI software is used in any industry, machine-learning algorithms and computer programs utilize volumes of data to identify trends, thereby quickening processes and resolving complex issues.

As far as the healthcare industry is concerned, hospital management software and other AI-powered healthcare solutions offer a host of benefits, including assisting healthcare providers to make better decisions and enhancing the efficiency of diagnosing health issues.

According to ResearchAndMarkets.com, AI in the healthcare market could reach $35,323.5 million by 2027, growing at an exponential Compound Annual Growth Rate (CAGR) from 2020 to 2027. Read further to understand how AI and healthcare technologies help in improving the functionality of the industry.

Offering Virtual Nursing Assistants

Over the years, AI-powered healthcare software programs are being constantly used in hospitals to offer top-quality virtual nursing assistance. Recent data studies show that the market would reach approximately 2.83 billion by 2027 at a CAGR of 27.2%.

Virtual nursing assistants help patients by examining their symptoms, determining the health issue, and scheduling appointments, amongst many other services. Moreover, these healthcare assistants are available round-the-clock to assist patients no matter where they are.

This can help in diagnosing the issues early before the situation aggravates. As virtual nursing assistance helps in optimizing clinical procedures, unnecessary visits to hospitals can also be avoided.

Carrying Out AI-Aided Robotic Surgeries

Robot-assisted surgeries were introduced to aid medical professionals to perform surgical tasks with precision, especially those involving repetitive movements. AI algorithms in robot-assisted surgeries help in identifying patterns to enhance the robots’ accuracy and automate suturing.

Machine learning can be applied to examine surgeons’ expertise and to improve the materials used for robot-aided surgeries. The Robotic Surgery Services Global Market Report 2020-30 mentions the market is expected to reach $1.03 billion by 2023 at a CAGR of 21.55%. This could be because many healthcare providers are looking to integrate reputable hospital management software programs while carrying out robotic surgeries.

Diagnosing Illnesses With AI-Driven Medical Imaging

One of the biggest advantages of AI in medicine is probably the early detection of critical illnesses. Generally, patients are asked to take up a series of scans to help the healthcare provider offer the right diagnosis. When AI is applied in medical imaging, minor alteration in sets of 3D scans can be detected that can help radiologists understand how advanced the disease is.

AI can be used to analyze complex patterns in 3D scan reports during treatment, thereby helping in detecting the disease at early stages. A report generated by Qualiket Research noted that that AI in the diagnostics industry is predicted to rise from 4.5 billion in 2020 to 4.61 billion in 2027.

Improving Medical Billing And Coding

Electronic Health Records (EHR) data needs to be matched with the right codes to avoid critical errors. However, sometimes healthcare professionals find it difficult to offer accurate medical billing and coding. This issue can be fixed by utilizing hospital management software programs and AI technologies.

By making use of AI, billing and coding processes can be automated, giving coding professionals ample time to focus on their other job responsibilities that require their expertise. Healthcare centers can also save a lot of costs as patient statements are issued on time and the need for customer support drastically reduces.

Helping With Administrative Tasks

Most healthcare centers generally record patient information and other documentation on paper. These end up piling up in cabinets and are accessed only when the need arises. Hospital management software technologies can be implemented to automate administrative functions like maintaining hospital records and carrying out discharge formalities.

Instead of skimming through old paper records, staff can utilize their time on vital clinical matters. Important documentation and data can be fed into systems, which can be accessed with the help of AI tools when there is a requirement.

Enhancing Patient Experience With AI-driven Chatbots

AI-powered chatbots can handle some of a nurse’s responsibilities, such as processing requests, aiding doctors to access drug dosage information, sending reminders to patients to take their medication, and fixing remote consultations with doctors. This helps in saving a lot of time and resources.

Conclusion

AI has the potential to redefine the healthcare industry in many ways. While many healthcare organizations have already incorporated AI in their systems, many are looking for software developers to create AI-driven technologies specifically to suit their specific requirements.

 

Check out our Custom Healthcare Software Development Services

    March 17, 2021

    10 Fastest Growing Telemedicine Companies

    With the ongoing pandemic, digitalization has become a boon. The...

    March 17, 2021

    How Coronavirus Has Changed the Future of Banking Forever

    The outbreak of COVID-19 is having a massive impact on...

    March 17, 2021

    Why Prioritizing Digital Transformation is the Need of the Hour

    Digital transformation has redefined economies across the world by letting...