Artificial intelligence has the promise to make healthcare professionals smarter, better, faster, and cheaper and, as a result, make patients healthier at less cost and healthcare workers happier, less burned out and more productive. AI could even help transform sickcare into healthcare.
AI will unlock potential across many areas of human health. This article explores 10 specific use cases for AI in healthcare and various medical fields.
With Artificial Intelligence (AI) continually progressing and developing, it’s unsurprising that many companies are aiming to lead in the AI technology market – especially given that the global AI market is on track to be worth over $118 billion by 2022.
But, with the hope comes the hype and the ever present threat of technofatique.
Most businesses are just trying to figure out whether and how to solve the right problem using the right AI technology with the right people. Some are more advanced than others. The sickcare industry, at this point, is still trying to figure it all out as well.
The process typically involves several basic steps.
The first step is an innovation and AI readiness assessment to determine whether you have necessary pieces in place to begin the process, and , if not, then how you fill the gaps.
The second step requires a strategy and tactics for enterprise dissemination, implementation and continuous quality improvement and the people and skills required to do so.
Of course, all this is neither easy nor cheap and there are significant barriers to sickcare dissemination and implementation, including technical, human factor, environmental/legal/ethical/regulatory and business model roadblocks and challenges.
So, you are a technologist, data scientist or health professional who wants to be the founder of an AI company i.e an AIntrepreneur? If so, you will need to overcome some hurdles at four different levels of the healthcare AI value chain-personal, company, consumer or end-user and the sick care ecosystem of systems. The first step is to find the answers to some basic questions:
5. Do you understand their problem and the pain it is causing?
6. Are your underlying business model canvas hypotheses valid?
Or, maybe you are the CEO of a health system and how to integrate technologies like AI is keeping you up at night?
Like other medical technology adoption, the process will be evolutionary with fits and starts until it becomes the standard of care.
Arlen Meyers, MD, MBA is a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org. He has created several medical device and digital health companies. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization. He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism -- nationally and internationally, new product development, product design, and financing new ventures. He is a former Harvard-Macy fellow and In 2010, he completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London. He recently published "Building the Case for Biotechnology." "Optical Detection of Cancer", and " The Life Science Innovation Roadmap". He is also an associate editor of the Journal of Commercial Biotechnology and Technology Transfer and Entrepreneurship and Editor-in-Chief of Medscape. In addition, He is a faculty member at the University of Colorado Denver Graduate School where he teaches Biomedical Entrepreneurship and is an iCorps participant, trainer and industry mentor. He is the Chief Medical Officer at www.bridgehealth.com and www.cliexa.com and Chairman of the Board at GlobalMindED at www.globalminded.org, a non-profit at risk student success network. He is honored to be named by Modern Healthcare as one of the 50 Most Influential Physician Executives of 2011 and nominated in 2012 and Best Doctors 2013.