Artificial Intelligence (AI) is gaining momentum in the healthcare industry, and IT executives are expanding their use of these technologies, creating solutions to accommodate the growing demand for AI tools. Artificial intelligence is on its way to becoming the new standard for user interfaces in healthcare IT over the next few years; AI is undoubtedly the future of healthcare. Other industries, such as retail and finance, have seen significant advancements in artificial intelligence and predictive analytics. Healthcare has some catching up to do, some hospitals and health systems are leveraging information technology to their advantage, with an expected telehealth boom making its mark in the industry. As patients look to healthcare to ensure they receive quality customer care, such as that provided by retailers and banks, healthcare is making a transition to a patient outcomes-based model.
About a decade ago, French doctor Franck Baudino was providing primary medical care to isolated communities in small African villages, which sometimes took two or three days' travel to reach. Exhausted, and with demand for accurate healthcare consultations spiralling, he vowed to create a sustainable solution that could bring professional medical diagnoses to the global population. AI that knows you're sick before you do: IBM's five-year plan to remake healthcare A mix of artificial intelligence and custom silicon could help people diagnose themselves with a range of conditions before they show symptoms. "It wasn't possible to carry on like that," he tells ZDNet. "I wanted somehow to be able to take the pulse of the world."
Virtual medical and behavioral healthcare provider MDLive has made it easier for patients to access telehealth services with the introduction of Sophie, a digital personal health assistant. An artificial intelligence-based chatbot that is part of MDLive's platform, Sophie guides patients through the registration process by first asking a series of questions to open an MDLive account. Next, Sophie walks patients through the steps to download the MDLive app. Once downloaded, the MDLive app helps patients determine whether scheduling a virtual or in-person visit with a healthcare professional is necessary. Chatbot's are computer programs that simulate conversation with human users through digital devices such as Apple Inc.'s Siri and Amazon.com
London and Berlin-based, AI-powered health app maker Ada Health has raised $47 million (40 million euro) in a funding round led by global investment group Access Industries. June Fund, Cumberland VC, and entrepreneur William Tunstall-Pedoe also contributed along with existing investors. Ada Health officially launched its app back in April after a soft launch in late 2016 and six years of research and development. It's one of a handful of companies using artificial intelligence and natural language processing. It asks relevant, personalized questions and suggests possible causes for users' symptoms.
As hospitals and health systems leverage information technology, healthcare executives must advocate for caregivers to improve provider satisfaction, be prepared for a telehealth explosion, embrace machine learning and artificial intelligence, incorporate the Internet of Things, and prepare for more cyber-attacks, said Thomas Zenty, CEO of University Hospitals of Cleveland. Collection, aggregation and interpretation of data is critically important, Zenty added. "Tele-, virtual-, digital health, are things critically important to the work we are doing," Zenty said. The Internet of Things is another area healthcare executives must prepare for.
In our case, if you go into one of our simulations, you would learn how to lead a conversation in real life by having the ability to practice a similar conversation with a virtual, fully animated human that will respond to what you decide to say in the simulation that is coded with their own personality and memory and therefore mimicking real life behavior with you. Health is a very personal thing at the end of the day, and as much as we have a lot of technology being embedded into health with all the apps and all the telehealth platforms and everything around it, at the end of the day, because health is so personal, conversations remain the most powerful and most important element of driving positive health outcomes. We're much less defensive when it comes to any kind of feedback on our performance or approach, so virtual humans, when they are correctly designed, they are in some cases even more effective than a real person in certain types of conversation with real people. Now again, you have to have the virtual human designed correctly in terms of how they talk and how they move and how real or unreal they look on the screen, so I don't want to say all virtual humans are equal, because they're not.
Ada, a London and Berlin-based health tech startup, sees its official U.K. push today, and in doing so joins a number of other European startups attempting to market something akin to an AI-powered'doctor'. The company's mobile offering bills itself as a "personal health companion and telemedicine app" and via a conversational interface is designed to help you work out what symptoms you have and offer you information on what might be the cause. If needed, it then offers you a follow up remote consultation with a real doctor over text. In a call, two of Ada's founders -- CEO Daniel Nathrath and Chief Medical Officer Dr Claire Novorol -- explained that the app has been six years in the making, and actually started life out as being doctor-facing, helping clinicians to make better decisions. The same database and smart backend is now being offered to consumers to access, albeit with a much more consumer-friendly front-end.
What will the world look like 20 to 25 years from now? That's the question that investors in their forties should think about when considering which stocks to buy now. While even the best prognosticators can't know for sure what the future holds, three stocks seem to be pretty good bets to survive and thrive in the decades ahead. If you're in your forties, here's why Google's parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Illumina (NASDAQ:ILMN), and Teladoc (NYSE:TDOC) could be stocks to consider. Alphabet is about a lot more than just its enormously successful Google search engine. The company claims a leadership role in many of the most important technologies for the future, including artificial intelligence, robotics, and virtual reality.
In just the last six months, the company has announced major initiatives into healthcare including a partnership with clinical consultation provider Best Doctors to add Watson's cancer suite to employee benefits packages, a population health management alliance with Siemens Healthineers and an effort linking IBM's PowerAI deep learning software toolkit with NVIDIA's NVLink interconnect technology. And last month, Samsung waded into the digital health space via a partnership with American Well that leverages the Korean tech firm's consumer electronics with American Well's Exchange platform to enable providers and payers to connect and share telehealth services online. "Healthcare has been labeled as'ripe for disruption' for years, but the combination of government mandates and regulations, technological advancements and financial incentives of the last decade has seemed to finally get the needle moving," Derek Spearing, senior manager at Top Tier Consulting tells Healthcare Dive. Last May, the firm launched SAP Connected Health Platform, which leverages its SAP Hana in-memory computing platform with healthcare-specific components.
There are quite a few telemedicine startups to choose from these days including Doctor on Demand, HealthTap and even some of the older, more established companies like MDLive or American Well but Remedy is a new one we've just been turned onto promising high-quality doctors at a lower cost per visit with the use of what it refers to as artificial intelligence to help diagnose what ails you. Telemedicine is fast adopting the use of A.I. as an umbrella term in over-the-phone medical help. HealthTap just announced the launch of "Dr. AI," its own version of a smart search algorithm, and Remedy falls into this same category. But much of what is so-called artificial intelligence really depends on how you label what you consider AI.