How do you drive exponential growth in the healthcare industry?

By | 3 minute read | June 4, 2021

Healthcare worker administering a vaccine. IBM Health Forum blog

The healthcare industry is adapting to changes resulting from the coronavirus pandemic, but many complex challenges prevail. How do we anticipate and prevent hospitalization of high-risk patients? How can we reduce the length of stay without compromising quality of care? How do we improve patient experience? How do we obtain the insights needed to drive growth, reduce expenses, automate low-value repetitive tasks, and expand our strategic vision?  

Healthcare organizations are searching for an antidote—the answers to these questions. 

Is artificial intelligence the cure? The healthcare sector believes so.  

Forrester Research [1] reports that 69% of healthcare data and analytics decision-makers report that the adoption of AI has had a positive impact on their organization. When 2019 and 2020 survey results were compared, the percentage of healthcare organizations implementing or have implemented AI grew from 55 to 63%. The companies with no interest or immediate plans to implement AI dropped from 21 to 18% [2].   

The need for an AI antidote is not unique to the healthcare sector. Organizations across a wide swath of industries understand that AI is no longer a priority; it is mandatory for success. For those who invest in trustworthy AI, the benefits are clear. AI solutions propel operational efficiencies, grow revenue, drive competitive advantage and improve patient experience outcomes. Despite the industry’s intentions and expectations, many organizations still search for  best practices, technology and ecosystem to reach their AI goals. We will cover these topics at the upcoming IBM Health Forum. 

 Register today for the IBM Health Forum, a virtual event premiering Thursday, June 10, 2021 

Whether you’re exploring AI capabilities or searching for greater efficiencies and possibilities in your existing AI ecosystem, the IBM Health Forum has sessions that will pique your interest and match your needs.  

 The IBM Health Forum is your opportunity to learn from IBM customers and other industry experts who will candidly share their personal experiences and recommendations for business and technology leaders alike. They are healthcare experts in varied roles within the industry. You will hear compelling presentations from healthcare experts in various roles within the industry:  IT and ecosystem technologists, data scientists, and application users from the back office to the hospital floor, – plus executives and industry analysts who tackled their business, technology and organizational challenges using AI.  

During the keynote, guest speaker Dr. Kjell Carlsson, Principal Analyst at Forrester Research, shares insights on the state of data and AI in the healthcare industry. Dr. Curren Katz, Sr. Director of Data Science Portfolio Management at Janssen Research & Development, describes how she and the data science team at Highmark Health used AI models that reduced hospitalization rates for high-risk individuals who could be seriously affected by sepsis. The team was able to then repurpose its work for COVID-19. Dr. David Van Laere, Neonatal Intensive Care Specialist and Founder of Innocens BV, shares how an AI and Internet of Things solution helps save lives. The solution identified and expedited sepsis treatment in very low birth weight infants at Antwerp University Hospital in Belgium.  

And the expert, industry speakers and sessions continue. 

As you register, you’ll find 25 additional sessions categorized into four AI topics: 

  • Integrate AI capabilities into existing workflows
  • Unlock data to unify access to data across the organization 
  • Scale AI to accelerate digital transformation 
  • Modernize with cloud and technology  

Learn why trustworthy AI solutions that are robust, transparent, explainable, fair and private are essential to driving exponential growth in the healthcare sector. 

Register for the IBM Health Forum today. 

 

[1] Base: 104 Data and analytics decision-makers whose firm is implementing or expanding use of AI in Healthcare, Pharmaceuticals and medical equipment, and Insurance, Forrester Analytics Business Technographics® Business and Technology Services Survey, 2020 

[2] Base: 177, 169 data and analytics decision-makers in Healthcare, Pharmaceuticals and medical equipment, and Insurance, Forrester Analytics Business Technographics® Data and Analytics Survey, 2019 and 2020