The value chain starts before the patient hits the front door and extends in perpetuity as that patient, their encounter, and all of the information accumulated from their interaction with members of the healthcare organization become a permanent part of the organization's residual data assets When you understand how structure problems impact the value chain, you move from a transactional view of care delivery to a longitudinal view that sees patterns, predictions and utility in applying machines to cognitive problems typically handled by expensive manual labor
By 2021, the growth of artificial intelligence will have reached $6.6 billion in the US. Global estimates are being forecast at a massive $19.3 billion by the year 2025. This is attributed to the fact that AI is solving a wide range challenges for patients, care providers, and the healthcare industry overall. Yet, the prospects and full benefits of AI has not been fully utilized. There are many reasons why health providers should embrace AI.
About this course: Welcome to the exciting world of Healthcare Delivery Providers! This second course in the Healthcare Marketplace Specialization will help you understand the various providers of healthcare across the U.S. delivery continuum. We will explore the unique value proposition of the various providers- from hospitals and clinics to physicians to community based providers. We will dissect this important value chain using various lenses such as- site of care delivery, people who provide the care and payers who pay for care. You will also learn about the challenges facing these providers and the innovations they are creating in order to help transform this important industry.
This week we spoke to Romana Abdin, chief executive of private healthcare provider Simplyhealth. Romana Abdin was just three when she contracted polio, but she says "she was one of the lucky ones". She had to wear leg callipers for several years, and now at 54 she still walks with a profound limp. But Ms Abdin says it could have been much worse: "Lives have been lost through polio." In fact, she says that contracting the disease may have helped her, as it gave her a different outlook on life and health.
We know that Artificial Intelligence (AI) is a hot topic right now, yet on the flip side there has been criticism around its hype, especially at HIMSS17 this year. However, we need to continue to invest into AI Research and Development so we can maximize the benefits, such as lower healthcare costs, improved provider efficiency, more accurate billing, and safer patient care. It's unlikely that robots and computers will totally take the place of doctors and nurses, but AI can't be ignored in its efforts to revolutionize the healthcare industry. Not only does it predict outcomes and improve diagnostics, it changes the way healthcare providers think about how they provide care, says Forbes. The future possibilities are endless: industry analysts say that 30 percent of providers will use cognitive analytics with patient data by 2018.