Artificial intelligence could save the U.S. up to $360 billion annually if adopted more widely in healthcare, according to a new report from McKinsey and Harvard researchers.
That’s a big “if,” as AI uptake has been limited in the industry due to a lack of trust among patients and doctors, heterogeneous data and misaligned incentives, the researchers said.
But broader adoption of AI is likely in the near future, and should also have a slew of non-financial benefits like better healthcare quality, increased care access and better patient and doctor satisfaction, according to the paper.
The buzz around AI has increased as the ChatGPT model takes the internet by storm, reports Healthcare Dive. It’s no different in healthcare. The ChatGPT AI tool has passed the U.S. medical licensing exam, authored a number of scientific papers and is being used to appeal insurance denials, hinting at real-world applications for the algorithms.
However, actual adoption of AI-based tools in the healthcare industry is low, despite research suggesting benefits of the tech. Read more.
