Financial Times: AI can help tame America’s exploding healthcare costs
Read my latest piece here in today's Financial Times on how autonomous AI has the potential to reduce our nation's growing healthcare costs by improving productivity. Excerpt from the piece below:
US healthcare costs are soaring: total spending is projected to reach $5.7tn by 2026. ... We need a solution that improves productivity without sacrificing quality. ...
Assistive [AI] applications can improve quality of care, but they do not eliminate the need for the time and expertise of an expensive specialist, and thus do not address the productivity problem.
That’s why the prospect of autonomous AI in healthcare is so exciting. With autonomous programs, the AI makes the clinical decision without specialist supervision. This not only saves time, but also makes it possible to diagnose patients in more convenient locations: primary care clinics and other local settings. ...
In April, the US Food and Drug Administration opened the doors to the use of autonomous AI. It authorised Michael Abramoff’s IDx, on whose board I sit, to start marketing an AI system that analyses retina scans and diagnoses one of the leading causes of blindness in the US — without the need for a human clinician to interpret the image or results.
Autonomous AI technology also has the potential to scour retinal images for early signs of Alzheimer’s and analyse ultrasound images for early evidence of foetal complications. More broadly, programs could look at patient vital signs and lab results and flag those at risk of debilitating chronic conditions. ...
Continue reading here.
Vitreoretinal and Refractive surgeon
6yMichael, is dit iets wat in Europa ook zou kunnen. Nederlands lopen wachttijden voor oogartsen gigantisch op. Ben geïnteresseerd en benieuwd. Gr frank
Wicked Problem Solver Helping organizations position for the future while excelling for today.
6yVery good story. It is important to remember that AI is just part of a "system of systems".
Chairman, & CEO at Grace Medical Group, Inc.
6yAI can be a valuable tool in diagnosing illness and suggesting treatments, but I want a competent human physician as my interface with the Brave New World of AI medicine. I don’t trust non-human computers to determine how my healthcare should be administered.
Past Medical Director EVH UM / freelance artist in Greater Memphis and Forgotten Coast areas
6yWell written article that when assisted application of AI is utilized in the primary care space , there could be a big dent in the overall health care costs. We owe it to ourselves to explore these unique opportunities and move forward. AI still needs the human touch as you pointed out. The learning curve will get less and less over time , and accepted adoption in the healthcare workspace will occur. Thanks for posting.