Securing the Value of AI in Healthcare: Go for a Cure, Not Just a Treatment

Investing in new digital technology to drive healthcare transformation is big business these days and much of this effort is being directed toward artificial intelligence (AI) platforms. One industry analysis suggests a 40% annual global growth rate in AI investment through to 2021 and the number of companies offering healthcare-specific applications is growing by the day. However, even with these impressive predictions, you can't discuss digital investment without also considering how it will deliver value in various forms (cost, productivity, outcomes, etc.) and for various audiences (patients, care providers, insurers, etc.) In fact, the health and life sciences industry is undergoing a radical shift towards value-based outcomes – maximizing patient health outcomes per dollar spent. This begs a vital question: How do we ensure that any investment in healthcare AI provides the best possible value?