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		<title>AI revolution in healthcare</title>
		<link>https://internationalfinance.com/magazine/technology-magazine/ai-revolution-in-healthcare/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=ai-revolution-in-healthcare</link>
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		<dc:creator><![CDATA[IFM Correspondent]]></dc:creator>
		<pubDate>Tue, 06 Jun 2023 05:30:47 +0000</pubDate>
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		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Artificial Intelligence]]></category>
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		<category><![CDATA[Machine Learning]]></category>
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					<description><![CDATA[<p>Microsoft and Amazon are now spending more and more on AI-based healthcare technologies</p>
<p>The post <a href="https://internationalfinance.com/magazine/technology-magazine/ai-revolution-in-healthcare/">AI revolution in healthcare</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Artificial intelligence (AI) has made a significant impact on the healthcare industry, reshaping the way we diagnose, treat, and monitor patients. By enabling more individualised therapies and delivering more precise diagnoses, this technology is significantly enhancing healthcare research and outcomes. The ability of AI in healthcare to quickly analyse enormous amounts of clinical documentation aids in the identification of illness signs and trends that would otherwise go unnoticed by medical professionals. Healthcare and artificial intelligence have a wide range of possible uses, from analysing radiological images for early detection of disease to forecasting outcomes from electronic health information. Healthcare systems can become smarter, quicker, and more effective in providing treatment to millions of people worldwide by incorporating artificial intelligence in hospital and clinic settings. </p>
<p>The future of healthcare appears to be artificial intelligence, which will change how patients obtain high-quality treatment while reducing costs for providers and enhancing health outcomes. It all started with IBM&#8217;s Watson artificial intelligence system, which was created to provide precise and speedy answers to questions. Natural language processing, the technology used to comprehend and decipher human communication, was the subject of IBM&#8217;s unveiling of a healthcare-specific version of Watson in 2011. This event is mentioned in articles on artificial intelligence in healthcare. Along with IBM, other tech behemoths like Apple, Microsoft and Amazon are now spending more and more on AI-based healthcare technologies.</p>
<p>Artificial intelligence has amazing potential in the field of healthcare. AI in healthcare is anticipated to significantly alter how we analyse healthcare data, identify diseases, create remedies, and even completely prevent them. Artificial intelligence in healthcare enables medical personnel to make more accurate decisions based on more precise information, which saves time, lowers costs, and generally improves the management of medical data. From identifying new cancer treatments to improving patient experiences, AI in healthcare promises to be a game changer &#8211; leading the way towards a future where patients receive quality care and treatment faster and more accurately than ever before.</p>
<p>Here are a few of the different types of artificial intelligence and healthcare industry benefits that can be derived from their use.</p>
<p><strong>Machine Learning</strong><br />
One of the most prevalent applications of artificial intelligence in healthcare is machine learning. There are numerous variations of this broad technique, which is at the foundation of various approaches to AI and healthcare technology. By enabling the application of artificial intelligence in medical diagnosis and treatment, machine learning has changed the way the healthcare system operates. With higher precision than ever before, machine learning algorithms can quickly analyse massive quantities of clinical paperwork, spot trends, and make predictions about medical outcomes.</p>
<p>The data science behind machine learning is assisting healthcare practitioners in improving their treatments and lowering costs by analysing patient records and medical imaging in addition to developing new remedies. Doctors can more correctly identify illnesses and tailor therapies to the needs of specific patients by utilising AI technology like machine learning for activities like disease diagnostics or medication research and development. Additionally, the use of artificial intelligence in healthcare, such as machine learning, enables professionals to find previously unknown correlations between diseases in healthcare data or identify small changes in vital signs that could point to a potential issue.</p>
<p>The most widespread utilization of traditional machine learning is precision medicine. It is a significant advancement for the data science of many healthcare organisations to be able to anticipate which treatment procedures would be successful for their patients based on characteristics and the treatment framework. The majority of AI technology in healthcare that uses machine learning and precision medicine applications requires medical images and clinical data for training, this process is known as supervised learning.</p>
<p>Deep learning-based artificial intelligence in healthcare also employs speech recognition via natural language processing. Deep learning models often include few features that have significance to human observers, making it difficult to evaluate the model&#8217;s output. Healthcare practitioners find it more and more important as deep learning technology develops to comprehend how it operates and how to use it efficiently in clinical situations.</p>
<p><strong>Natural Language Processing</strong><br />
Natural Language Processing (NPL) is a type of artificial intelligence that enables computers to comprehend and utilise human language. This form of technology has reshaped many fields, including the healthcare industry. NLP is being used in the healthcare industry for a variety of health data applications, including enhancing patient care by increasing the accuracy of diagnoses, expediting clinical procedures, and offering more individualised services.</p>
<p>For example, in order to accurately identify illnesses, NLP can be used to extract relevant information from medical records. Additionally, based on previous health information, it can be used to determine the best treatments and medications for each patient or even forecast potential health hazards. Additionally, NLP gives therapists effective tools for organising enormous amounts of complex data, a task that would typically take much longer to complete manually.</p>
<p>Medical personnel can utilise artificial intelligence to more precisely diagnose ailments and give better-individualised therapies to their patients, thanks to natural language processing, which is proving to be a vital tool in the healthcare industry. This type of healthcare AI is rapidly turning into a necessity in the contemporary healthcare business and is probably going to get much more advanced and be employed in a wider range of applications. </p>
<p><strong>Rule-based Expert Systems</strong><br />
Expert systems based on variations of ‘if-then’ rules were the prevalent technology for AI in healthcare in the 80s and later periods. Clinical decision assistance using artificial intelligence is still commonly used in the healthcare industry today. Currently, a lot of electronic health record systems (EHRs) include a set of regulations with their software options.</p>
<p>Expert systems often involve the development of a comprehensive set of rules in a particular knowledge area by engineers and human experts. They are simple to understand and follow, and they work well up to a point. But if the number of rules increases excessively, typically above several thousand, the rules may start to clash and disintegrate. Also, if the knowledge area changes in a significant way, changing the rules can be burdensome and laborious. Machine learning in healthcare is slowly replacing rule-based systems with approaches based on interpreting data using proprietary medical algorithms.</p>
<p><strong>Diagnosis &#038; Treatment Applications</strong><br />
Diagnosis and treatment have been part of artificial intelligence in healthcare for the past 50 years. Even early rule-based systems had the ability to effectively identify and treat disease, even though they were not totally accepted for clinical practice. They were not noticeably more accurate at diagnosing than humans, and the interaction with physician workflows and health record systems was not great.</p>
<p>However, whether rules-based or algorithmic, it can frequently be challenging to integrate clinical processes and Electronic Health Record (EHR) systems with the use of artificial intelligence in healthcare for diagnostic and treatment plans. When compared to the accuracy of proposals, integration problems within healthcare organisations have been a bigger roadblock to the mainstream deployment of AI in healthcare.</p>
<p>The majority of AI and healthcare features offered by medical software suppliers for clinical trials, diagnosis, and treatment are stand-alone and focus on just one aspect of care. While still in the early stages, several EHR software providers are starting to include basic AI-powered healthcare analytics capabilities in their product offerings. Healthcare providers who use standalone EHR systems will either need to take on significant integration projects themselves or make use of third-party vendors who have AI capabilities and can integrate with their EHR in order to fully benefit from the use of AI in healthcare.</p>
<p><strong>Administrative Applications</strong><br />
Artificial Intelligence in healthcare is changing many of the administrative aspects of medical care. The use of artificial intelligence in healthcare can free up time for clinicians and healthcare organisations to concentrate on patient care and revenue cycle management by automating tedious operations like data entry, claims processing, and appointment scheduling. Furthermore, by offering a quicker means to analyse medical imaging, claims processing, test findings, and health data, artificial intelligence has the potential to lessen human error. Medical personnel are now more in control of their workflow process because of artificial intelligence, which allows them to deliver higher-quality patient care while still operating within budgetary constraints.</p>
<p>The ability of AI in healthcare to analyze the medical history of a patient and deliver better and faster results is reshaping the way healthcare providers deliver care, making it possible for them to devote more time and resources to their patients. With artificial intelligence in healthcare leading the charge in improving patient care, medical professionals can be confident that they can focus on delivering quality care while also saving time and money with AI-powered administrative tasks.</p>
<p>Also, healthcare artificial intelligence offers a refined method for healthcare providers, it gives better and quicker patient care. By automating mundane administrative tasks, artificial intelligence can give medical practitioners more autonomy over their workflow process while also saving time and money by automating routine administrative activities.</p>
<p><strong>Challenges for Artificial Intelligence in healthcare</strong><br />
As healthcare organizations increasingly invest in the use of artificial intelligence in healthcare for a range of tasks, the challenges facing this technology must be addressed, as there are many ethical and regulatory issues that may not apply elsewhere.</p>
<p>Healthcare organisations are investing more and more in the use of artificial intelligence, but there are many ethical and regulatory difficulties and challenges which must be addressed.</p>
<p>Some of the most significant issues are gaining physician acceptance and trust, assuring compliance with federal rules, training algorithms to recognize patterns in medical data, patient safety and accuracy, and data privacy and security. Data privacy is particularly crucial because AI systems gather a lot of sensitive personal health data that could be abused if not managed properly. Additionally, proper security measures must be put into place in order to protect sensitive patient data from being exploited for malicious purposes.</p>
<p>When applying AI in healthcare, accuracy and patient safety are also crucial aspects to consider. AI systems must be trained in order to identify patterns in medical data, comprehend the connections between various diagnoses and therapies, and make precise suggestions that are catered to each patient individually. Furthermore, integrating AI with current IT systems might make things more complicated for medical professionals because it necessitates a thorough understanding of how current technology operates to ensure smooth operation. Finally, for AI to be successfully adopted in healthcare, medical professionals&#8217; approval and trust are essential. Doctors need to have faith that the AI system is giving them sound advice and won&#8217;t mislead them.</p>
<p>The post <a href="https://internationalfinance.com/magazine/technology-magazine/ai-revolution-in-healthcare/">AI revolution in healthcare</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Doctify raises $7.5 mn in a round led by Keen Venture Partners</title>
		<link>https://internationalfinance.com/healthcare/doctify-raises-round-led-keen-venture-partners/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=doctify-raises-round-led-keen-venture-partners</link>
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		<dc:creator><![CDATA[Ashwini sekar]]></dc:creator>
		<pubDate>Tue, 13 Apr 2021 08:09:34 +0000</pubDate>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Doctify]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[healthcare review]]></category>
		<category><![CDATA[Keen Venture Partners]]></category>
		<category><![CDATA[Medicine]]></category>
		<category><![CDATA[patient care]]></category>
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					<description><![CDATA[<p>This additional funding makes the overall investment $20 million</p>
<p>The post <a href="https://internationalfinance.com/healthcare/doctify-raises-round-led-keen-venture-partners/">Doctify raises $7.5 mn in a round led by Keen Venture Partners</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Doctify, a healthcare review platform announced in the media the funding of $7.5 million in a new round led by Keen Venture Partners. This additional funding makes the overall investment $20 million. Along with Keen Venture Partners, the participants also included existing investors like Amadeus Capital, Guinness Asset Management and Tom Teichman an early-stage investor of Doctify.</p>
<p>The company was founded in 2016 and aims to increase trust and transparency in healthcare by providing greater access to verified patient reviews. Platforms like Glassdoor and Trustpilot exists to help consumers to build trust in businesses while Doctify is working in the healthcare review space which is considered one of the biggest markets by value worldwide. So far the company has played a significant role in connecting over four million people with 25,000 healthcare providers in the last five years. The clients of the company include prime hospital groups such as HCA, Royal BromptonHospital and Priory Group.</p>
<p>Stephanie Elts, chief executive officer of Doctify while addressing the media said, “We are thrilled to partner with investors to fuel our continued growth and accomplish Doctify&#8217;s mission of helping 30 million people across the globe to find the right specialist by 2023.” She also added that they believe by empowering providers to capture better patient feedback with the technology they can drive tangible improvement in the healthcare sector.</p>
<p>Doctify is currently present in the UK, Austria and the UAE and is determined to plan further growth in Germany, the largest healthcare market in Europe. Since the country also passed the Digital Healthcare Act (DVG), with the digital transformations, it is to become one of the leading providers of patient-centred digital healthcare.</p>
<p>The post <a href="https://internationalfinance.com/healthcare/doctify-raises-round-led-keen-venture-partners/">Doctify raises $7.5 mn in a round led by Keen Venture Partners</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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		<title>Big data in patient care: Now is the time</title>
		<link>https://internationalfinance.com/magazine/healthcare-magazine/big-data-in-patient-care-now-is-the-time/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=big-data-in-patient-care-now-is-the-time</link>
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		<dc:creator><![CDATA[WebAdmin]]></dc:creator>
		<pubDate>Tue, 15 Dec 2020 13:14:28 +0000</pubDate>
				<category><![CDATA[Healthcare]]></category>
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		<category><![CDATA[Artificial Intelligence]]></category>
		<category><![CDATA[big data]]></category>
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		<category><![CDATA[electronic health records]]></category>
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		<category><![CDATA[medical imaging]]></category>
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					<description><![CDATA[<p>The collection of health data in one searchable repository could revolutionise clinical practices and research globally </p>
<p>The post <a href="https://internationalfinance.com/magazine/healthcare-magazine/big-data-in-patient-care-now-is-the-time/">Big data in patient care: Now is the time</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Health costs continue to rise virtually unabated throughout the world, demonstrating an immediate need to identify tools and technologies that can provide relief. </span><span style="font-weight: 400;">In 2017, the World Bank observed that spending on health continues to rise in the US, Canada, Africa, Asia and Europe, with more than 9.7 percent of GDP. Big data is the key to reshaping </span><span style="font-weight: 400;">patient care by amassing medical information from E</span><span style="font-weight: 400;">lectronic Health Records (EHRs), medical imaging, genomic sequencing, payor records, pharmaceutical research and medical devices. With that, it is now the new frontier in patient care, especially on the back of the protracted coronavirus pandemic. </span></p>
<p><strong><i>New uses for EHRs </i></strong></p>
<p><span style="font-weight: 400;">The underlying aspect is that technological revolutions in healthcare have been constrained until more recently. For example, it wasn’t until 2009 when the </span><span style="font-weight: 400;">Health Information Technology for Economic and Clinical Health Act was enacted for</span><span style="font-weight: 400;"> the adoption of </span><i><span style="font-weight: 400;">EHRs</span></i><span style="font-weight: 400;"> in the US—which then led to significant progression from 13.4 percent in 2008 to more than 90 percent of non-federal acute care hospitals by 2017. Despite the dramatic increase, the timeframe has lagged behind in other countries like the UK where EHRs were established in nearly 100 percent of primary care settings by the mid-2000s. This trend is quite similar to Japan and far more advanced than African countries where considerable barriers remain. </span></p>
<p><span style="font-weight: 400;">On the global front, uneven distribution of EHR adoption has worsened the disparities between low-income and high-income countries in regard to rapid technological investments. As intimidating as this observation is, today’s EHRs are used for tasks beyond billing and documentation of patients’ diagnosis. By definition, EHRs can be regarded as one of the key factors to improve individual patient outcomes and supply longitudinal data for public health initiatives. Clinical decision support systems can assist in the fundamentals of patient care such as reminders for vaccinations, identifying patients with communicable diseases and alert physicians on potentially hazardous drug interactions when prescribing. Combined with effective modules that integrate evidence-based clinical guidelines to help direct patient care, EHRs can offer one of the biggest returns on investment for a health system. </span></p>
<p><span style="font-weight: 400;">But a more relevant question is: What makes EHRs part of the new data frontier in healthcare? Health systems are starting to monetise the vast amount of patient data in their EHRs for further drug discovery or repurposing and clinical research. This can amount to millions of dollars to hospitals and healthcare organisations from pharmaceuticals to technology companies. In fact, the more robust a hospital or health system’s EHR is, the move valuable it can be—both financially and clinically. </span></p>
<p><strong><i>Connected devices for clinical trials </i></strong></p>
<p><span style="font-weight: 400;">The global connected health and wellness devices market is poised to grow exponentially. For example, smartphone adoption has become virtually ubiquitous over the past two decades despite its global location—be it Kentucky, Kenya or South Korea. Data from these devices could be fed into EHRs with the decision to support algorithms to help physicians identify patients who are at risk of complications from procedures or with poor control of their health conditions before the symptoms are clear. The value from EHRs and connected devices takes on significant importance when they are combined. </span></p>
<p><span style="font-weight: 400;">More importantly, new applications of connected devices can be found with clinical trials. A significant challenge is that patient enrollment in some trails can falter causing them to stop prematurely and limiting the data from the study. “Digital” clinical trials utilising wearable devices such as smart watches or fitness trackers are offering pharmaceuticals and device companies a way to increase enrollment and run their trials more efficiently—as they can yield essential post-market evidence in realistic patient populations.  </span></p>
<p><strong><i>Optimisation: The creation of  SuperDoctor</i></strong></p>
<p><span style="font-weight: 400;">Radiologists are able to diagnose breast cancer before it becomes obvious on a mammogram or a simple eye scan can identify diabetic retinopathy which can be performed at home using a smartphone determining which family members will suffer from a hereditary disease while their relatives are unscathed.  This is not a futuristic fantasy of the medical world but an emerging reality using data analytics and machine learning to optimise patient care and research. Such examples are the reason behind big data becoming the next frontier in patient care. The more data is available to clinicians and researchers, better AI algorithms can be developed for long-term predictions. </span></p>
<p><span style="font-weight: 400;">Data analytics like this are currently expensive, but what we have seen with most technologies is that the cost decreases and the value for money increases over time. To further explain this progression, it is weighed against the benefits of previous disease detection with improved prognosis, lower treatment costs, elimination of low-value care, increased efficiency in drug development and declining costs of technical investments in comprehensive EHRs. In fact, the incredible progress made in genomics should drive this point home. </span></p>
<p><span style="font-weight: 400;">Interestingly, for each advancement affecting patient care, new companies are emerging with an intent to invest in advanced technologies and national healthcare policies are favourably changing. It is important to continue the current momentum of scientific and healthcare collaboration across borders to build a truly global healthcare industry where all stakeholders can make smart decisions based on evidence rather than status quo.</span></p>
<p>The post <a href="https://internationalfinance.com/magazine/healthcare-magazine/big-data-in-patient-care-now-is-the-time/">Big data in patient care: Now is the time</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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