Healthcare + AI: GE HealthCare Leans Hard into AI, Governance Lags Behind in Healthcare, Are Chatbots the Future of Healthcare?

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Today’s features:

• GE HealthCare Leans Hard into AI

• AI Governance Lags Behind in Healthcare

• AMA Survey: Two-Thirds of Physicians are Now Using AI, Up Nearly 2x Since 2023

• Startups Betting Big on AI in Healthcare

• Are Chatbots the Future of Healthcare?

GE HealthCare Leans Hard into AI

Get ready for it: GE HealthCare is making big moves in AI. It’s launching a slew of AI-enabled medical devices and eyeing strategic acquisitions to beef up their tech arsenal.

The company is diving deeper into AI to streamline operations and improve patient outcomes.

By the Numbers:

- GE HealthCare plans to roll out over 20 new AI-powered devices this year.

- They’ve topped the FDA’s list of AI-enabled device authorizations for three consecutive years with over 80 authorizations.

- The company has set an ambitious goal to more than double that number to over 200 authorizations in just the next three years while also tripling its cloud-enabled product offerings.

What They’re Saying: “It’s transformative from my point of view. Today about 97 percent of hospital system data goes largely untapped because it’s unstructured. It’s videos, it’s images, it’s wave streams and so much more.” - Taha Kass-Hout, Global Chief Science and Technology Officer at GE HealthCare

Why It Matters: AI has the potential to revolutionize patient care and operational efficiency in healthcare, and GE HealthCare, as one of the largest medical devices companies in the world, stands to make a real impact by incorporating this functionality into its products. Read More

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AI Governance Lags Behind in Healthcare

Healthcare organizations are stepping up their game in data security, yet a gap in AI governance remains a weak spot. The latest research from HIMSS reveals that while security measures are improving, there's still a pressing need for better oversight in AI deployments.

This lack of governance could leave sensitive data vulnerable, highlighting a critical area for development.

By the Numbers:

- 67% of healthcare organizations are increasing their security budgets.

- Over 50% report AI as a top priority for their digital strategy.

- Only 35% have robust AI governance frameworks in place.

Why It Matters: AI technology holds immense potential for transforming healthcare, but without proper governance, its risks could outweigh the benefits.

What's Next: Healthcare organizations need to prioritize AI governance as they continue to adopt new technologies. Future investments in both security and oversight will be key to harnessing AI's power safely. Read More

AMA Survey: Two-Thirds of Physicians are Now Using AI, Up Nearly 2x Since 2023

More doctors are integrating AI into their practices, but trust levels are trailing behind, according to the latest American Medical Association survey. The study shows a surge in enthusiasm for AI applications in healthcare, yet many physicians remain cautious about its reliability.

Despite this cautious optimism, AI's potential in transforming healthcare is undeniable.

- 60% of physicians used AI in some capacity in 2024.

- 30% of surveyed doctors express high trust in AI systems.

- 50% believe AI will significantly improve patient care in the next decade.

Why It Matters: AI's integration into healthcare can revolutionize patient outcomes and streamline processes, but overcoming the trust barrier is crucial for widespread adoption. Initiatives to enhance AI literacy and trust among healthcare professionals are likely on the horizon. Read More

Startups Betting Big on AI in Healthcare

AI is making waves in healthcare, and startups are riding the crest. Recent insights from a Y Combinator video reveal that a slew of YC-backed companies are diving into healthcare, harnessing AI to tackle complex problems.

The buzz around AI's potential in revolutionizing healthcare is palpable, with startups eager to carve out their niche in this evolving field.

By the Numbers:

- Y Combinator is backing multiple startups focused on AI in healthcare.

- The healthcare AI market is projected to hit $45 billion by 2026.

- 75% of healthcare executives expect AI to create breakthroughs in the next three years.

Why It Matters: With AI at the helm, startups could redefine how healthcare problems are approached and solved, potentially leading to more efficient and effective treatments. This could also attract new investment in the space, further speeding new innovations.

What's Next: Expect to see a surge in AI-driven healthcare solutions emerging from startups. This may accelerate the adoption of cutting-edge technologies in clinical settings and improve patient outcomes. Watch the Video

Are Chatbots the Future of Healthcare?

Spoiler: AI chatbots, like those being used widely in ecommerce and customer service, are not just the future of healthcare, they're making waves right now. From patient triage to appointment scheduling, these digital assistants are reshaping how we interact with medical services.

The shift is powered by ten innovative applications, which are proving to be game-changers in the industry.

- 60% of healthcare providers are currently using chatbots in some capacity.

- 30% reduction in administrative workloads thanks to AI chatbots.

- $5 billion projected market size for healthcare chatbots by 2025.

Why It Matters: This is an area where AI excels and can make a measurable impact right now. AI chatbots are streamlining processes, reducing costs, and ultimately enhancing patient experience.

What's Next: As more healthcare providers adopt these technologies, expect chatbots to become more sophisticated and integral to patient care. Look for increased development in natural language processing to make interactions even more human-like. Read More