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Exploring AI’s role in healthcare: Insights from ViVE Conference

Health industry leaders gathered at the ViVE conference in Los Angeles with a focus on artificial intelligence (AI) in healthcare, particularly the competition in the AI medical scribe market. Abridge’s $150 million Series C funding announcement set the tone for discussions. Harjinder Sandhu from Microsoft highlighted the importance of considering value versus risk when implementing large language models like DAX Copilot. AI scribes were deemed low-risk due to human oversight, but chart summarization tools pose higher risks due to potential errors. Data privacy and security were also key concerns, with solutions like creating separate cloud instances to ensure privacy while utilising AI tools like GPT. Boston Children’s Hospital implemented such measures, allowing staff to access AI for various tasks while safeguarding patient information.

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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises healthcare providers such as hospitals, pharmaceuticals, and related life sciences. Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Top 5 trends include: Personalisation of patient care, new healthcare delivery models, convergence of food and health, increased global collaboration, and cloud-based electronic health records. HealthGeniuses.com is a business newsletter that curates latest innovations and disruptions in the Top 5 healthcare industry trends above from 100+ journals globally. Sign up to our weekly newsletter
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According to Business Wire, global Healthcare Industry will be worth $12T by 2022. Healthcare is vast and highly fragmented with a mix of public and private players. It comprises patients and healthcare providers such as hospitals, pharmaceuticals, and related life sciences.

Digitisation and Post-Covid world are set to transform the healthcare industry in the coming decade. Our weekly business newsletter covers innovations and disruptions in the Healthcare industry with global coverage.

HealthGeniuses is managed by IndustryGeniuses (A place where industries meet innovation). We are rolling out content platforms for the world’s hottest industries such as Food & Grocery Retail, Consumer Goods and Healthcare. For each of these key industries, we support Tech Startups and Industry Disruptors as they roll out next generation digital initiatives.

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