Travancore Analytics

Generative AI in Healthcare: Benefits, Uses and Examples

August 13th, 2024

Category: Healthcare IT

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Posted by: Team TA

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Generative AI (GenAI) is set to transform the healthcare industry, offering immense opportunities to improve patient care, streamline operations, and drive innovation. Unlike traditional AI, which focuses on pattern recognition and decision-making, generative AI creates new content and predictive models that lead to accurate diagnoses and personalized treatment plans. Life Sciences and Health Care Generative AI Outlook Survey 2024 indicates that the healthcare industry is investing hugely in exploring generative AI’s transformative potential. About 75% of major healthcare companies are currently experimenting with or plan to use generative AI in the future. Also, Global Markets Insights estimates the size of the Generative AI in the healthcare market to reach USD 22.1 billion by 2032. Generative AI can provide diverse applications in drug development, patient care, diagnostics, and medical research by automating the generation of new data and images. This article highlights the impact of generative AI in healthcare organizations and the life sciences industry as it explores the possible uses and benefits of AI in healthcare.

The 5 Potential Benefits of Generative AI in Healthcare

1. Automation of Repetitive Tasks

Generative AI can automate various administrative tasks in healthcare, such as appointment scheduling, documentation, billing, and insurance verification, leading to improved efficiency and accuracy. It also improves communication flow, regulatory compliance, and workflow optimization, allowing healthcare professionals to focus more on patient care and less on routine tasks. Furthermore, the impartial and consistent analysis provided by well-trained and validated generative AI models can help mitigate human errors and biases in diagnosis, treatment decisions, and patient outcomes.

2. Accurate Predictions and Diagnosis

Medical records, genetic details, and environmental influences can be analyzed using generative AI models. When these data sets are integrated and analyzed, they may reveal patterns and connections that have been overlooked by humans. This can help predict how diseases will progress, create personalized treatment plans, and spot potential problems early.

The EWAD (early warning anomaly detection) system, created by experts at Scripps Research and Northwestern University, can predict viral pandemics early. It can forecast changes in how viruses spread and cause illness weeks before their emergence, helping to prevent major outbreaks.

3. Accelerated Drug Discovery

Generative AI can create new molecular structures with specific properties, find potential drug targets faster, and quickly identify its compounds. AI can also predict how well a drug might work and improve its effectiveness. Thus, AI speeds up drug development, making it faster and more affordable. This means new treatments can reach patients sooner, potentially saving lives. Adaptyv Bio, founded by engineers from EPFL, the Swiss Federal Institute for Technology in Lausanne, uses generative AI in healthcare to develop therapeutic proteins.

4. Cost Reduction

Generative AI helps cut healthcare costs by automating tasks like scheduling, documentation, billing, and claims processing, reducing the need for extra staff and lowering the chances of errors. It also improves efficiency by analyzing workflows and optimizing resource use. With more accurate data entry and faster insurance processing, AI speeds up payments and reduces financial risks. Additionally, by supporting more accurate diagnoses and treatment plans, AI helps avoid unnecessary tests and costly mistakes. Overall, it streamlines operations and improves the financial health of healthcare organizations.

5. Access to Diverse Case Studies and Expert Knowledge

AI can create diverse patient profiles and clinical scenarios for educational use in healthcare. This helps professionals expand their expertise and improve care delivery. It also supports proactive disease management, efficient resource allocation, and evidence-based decision-making by analyzing large datasets. This technology is reshaping public health strategies and optimizing hospital operations, ultimately leading to enhanced patient care and sustainable healthcare systems.

Uses and Examples of Generative AI in Healthcare

1. Medical Imaging Analysis

Advanced AI models, especially those using techniques like convolutional neural networks (CNNs) and deep learning, have made significant strides in medical imaging. Generative AI can create synthetic images of organs or tissues for educational purposes, making training medical professionals and explaining conditions to patients easier. It also automates the segmentation of organs and abnormalities in medical images, saving healthcare providers time and improving image analysis efficiency. Additionally, generative AI helps predict and identify diseases by analyzing patterns in medical images, aiding in early detection and better patient outcomes.

Generative AI is increasingly assisting radiologists in accurately diagnosing diseases from X-rays, MRIs, and CT scans. Trained on diverse patient data, these models can detect early signs of conditions like cancer, Alzheimer’s, and diabetic retinopathy, and even predict disease progression. For example, pancreatic cancer detection technology (PANDA) has shown higher accuracy than radiologists in detecting pancreatic cancer through CT scans, making it a cost-effective method for screening large patient groups.

2. Drug Discovery and Development

Drug discovery and development involves multiple stages, from initial research and testing to bringing a new drug to market. However, the process is complex and expensive, with challenges like long timelines, high failure rates, regulatory hurdles, and the need for global collaboration.

Generative AI in healthcare can accelerate drug discovery by analyzing biological data to identify potential drug targets and generate new chemical compounds. It predicts drug interactions, optimizes lead compounds, and supports personalized medicine by tailoring treatments to individual patients. Additionally, AI can discover biomarkers for targeted therapies, improve clinical trial design, and integrate diverse data sources for a better understanding of biological systems. It can also predict adverse drug effects and identify new uses for existing drugs, speeding up development and reducing costs.

3. Personalized Medicine

Personalized medicine and care have advanced significantly with the use of wearable technology powered by generative AI. According to MarketsandMarkets research the market for wearable healthcare devices is growing rapidly, expected to reach nearly $70 billion by 2028. These devices, from brands like Apple, Abbott, and Fitbit, continuously collect vital health data such as heart rate, blood oxygen levels, and glucose levels, helping individuals monitor their health in real time.

Generative AI analyzes this data to spot trends, detect anomalies, and predict potential health issues before symptoms appear. This allows healthcare providers to shift from reactive to proactive care, offering personalized treatment plans tailored to each patient’s unique health profile. Additionally, the collaboration between patients and healthcare providers is enhanced, as patients can securely share their data, enabling more informed and effective healthcare decisions.

4. Risk Prediction for Catastrophic Health Events

A pandemic is a widespread epidemic impacting large populations across multiple countries or continents. Identifying new diseases early is difficult due to the need for rapid detection of pathogens and accurate information. The development and distribution of vaccines also present challenges, especially in ensuring fair global access.

Generative AI can improve early disease detection by analyzing real-time data from various sources, helping to identify emerging health threats. It can also predict disease outbreak hotspots by analyzing factors like population density and travel patterns. Gen AI accelerates vaccine development by analyzing genetic data to identify potential candidates quickly. AI also helps to improve supply chain resilience, public communication, resource allocation, and pandemic preparedness for governments and healthcare providers.

5. Clinical Trial Optimization

In clinical trials, Generative AI is used to optimize trial design by simulating various scenarios and considering patient demographics, treatment plans, and potential outcomes. AI also aids in identifying potential challenges and risks in trial designs, allowing researchers to address issues early and enhance the overall success of clinical trials.

Generative AI in healthcare can significantly speed up health insurance processes like prior authorization and claims processing, which are usually slow and expensive. Currently, it takes around ten days for prior authorization verification. By converting unstructured data into structured formats, AI allows for near-real-time benefits verification, accurately calculating out-of-pocket costs based on providers’ rates, patient benefits, and other factors.

6. Virtual Assistants and Chatbots

Virtual health assistants make it easier for patients to access healthcare by allowing them to interact through AI chatbots. These assistants can be integrated with electronic health records, enabling patients to manage appointments—like scheduling, rescheduling, or canceling—without talking to a human. AI-based medical consultations and live video sessions with doctors are provided by Babylon Health, an example of an AI healthcare chatbot.

AI-powered virtual assistants also provide personalized medication reminders and alerts, helping patients stick to their treatment plans and avoid interruptions. For example, if a patient wants to start a new physical activity after an arthritis diagnosis, an AI chatbot can offer advice tailored to their medical history, helping them make informed decisions.

Wrapping Up

As generative AI consulting solutions progresses, we can expect it to become more integrated into healthcare systems, improving areas like medical imaging, virtual assistants, and personalized medicine. While this technology promises to revolutionize healthcare, it also brings challenges related to ethics, patient privacy, and equitable access. Addressing these issues will pave the way for a more patient-centered, efficient, and data-driven healthcare system, leading to better health outcomes and more accessible medical services soon.

For more than a decade, we have been providing custom software development solutions to support clients’ business growth, while maintaining high standards of quality with the introduction of generative AI consulting services.

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