Precision Innovation Network builds cloud-based, AI-powered precision medicine app

Growth of the artificial intelligence market for healthcare is expected to reach $6.6 billion by 2021, according to Accenture, and the combined deployment of key clinical health AI applications could potentially create $150 billion in annual savings for the U.S. healthcare economy by 2026. In line with that growing trend, Rockville Centre, New York-based Precision Innovation Network, a physician-centric group purchasing organization focused on strengthening the patient-physician relationship by making it easier to practice, has tapped Splice Machine's big data and artificial intelligence data platform to develop its new Treatment Advisor application. The Treatment Advisor app will leverage multi-dimensional data – such as medical records, quantified measured performance obtained from digital devices, patient perspectives from questionnaires and demographic information – and use machine learning to help clinicians learn the trajectory of a disease and gather predictions for what may be the best treatment for each individual. It also will enable physicians to analyze the data to target disease-modifying therapies and better understand how a patient might feel – a patient-reported outcome – in the future. Splice Machine will allow Precision Innovation Network to apply machine learning to the data and gain insights that will help provide more precise medical treatment to patients, officials said.