Artificial Intelligence

Some are skeptical, but big majorities say machine learning could dramatically impact their line of work, according to new research.

Smart deployment of artificial intelligence apps should help physicians trust the decision support tools – consulting them in the way they might check in with a PA or APRN, says one IT expert.

The organizations use voice recognition and artificial intelligence to build interactive reports that include more elements than simply what a clinician adds, such as images, charts and graphs.

Physicians at one Missouri health system are using the app to quickly reach conclusions and move forward with the best care options, its CMIO says.

Chilmark Vice President Kenneth Kleinberg said that hospitals are deploying AI, image recognition, natural language processing, predictive analytics - and they’re doing so quickly.

As AI finds its way into common practice, majorities are using it to automate business processes – but not all have data  ready to support it.

Brett Swenson, MD, deployed a chatbot to improve engagement from EHRs to triage and found real success in reaching patients with information about flu shots.

The cloud-based electronic health record vendor will be showing new features and functionalities that CEO Girish Navani says make the software smarter so it helps doctors.

The JASON advisory group also outlined challenges and recommended several steps the government and industry should take to accelerate the use of AI.

Total corporate funding for healthcare technology companies climbed to $8.2 billion (including debt and public market financing) in 2017 – a whopping 47 percent increase from the $5.6 billion raised in 2016, according to the latest report from Mercom Capital Group. It was a record-breaking year, with worldwide venture funding for digital health startups posting similarly impressive numbers: $7.2 billion raised across 778 deals, representing a 42 percent uptick from the previous banner year of $5.1 billion in 2016.  In a sign of continuing maturity as providers make more use of their growing troves of health data, analytics technology was the top funded category, according to the report, with the biggest focus area being artificial intelligence. [Also: Value-based care will reinvigorate EHRs, boost AI, advance home telehealth] “Artificial intelligence and data analytics companies had a breakout year with over a billion dollars raised," said Mercom CEO Raj Prabhu.  Other tech categories that saw substantial year-over-year growth were patient engagement, clinical decision support and telehealth. Analytics posted $1.1 billion in funding, followed by mobile health apps ($759 million), patient engagement ($708 million), telemedicine ($624 million), appointment booking ($516 million) and clinical decision support with ($514 million). Within the analytics category specifically, AI saw strong growth, with $419 million in funding. Together, AI and predictive analytics represented almost $500 million, according to Mercom. Interestingly, mobile health apps and wearable sensors saw steep declines in funding levels year-over-year, according to the report. That said, consumer-facing companies still outpaced provider-focused tools, according to the report, bring in in $4.2 billion over 514 deals in 2017, compared to $3 billion in 264 deals in 2017 (which was nonetheless nearly double the $1.6 billion raised in 185 deals in 2016). As for mergers and acquisitions, there were 203 deals struck in 2017, including 13 companies that participated in multiple transactions. Four of the mergers involved public companies;  Again, data analytics companies were involved in the most M&A transactions (21 of them), followed by practice management companies (19), mobile app developers (17) and telemedicine vendors. Among the biggest deals of the year: Optum’s $1.3 billion acquisition of the Advisory Board Company, McKesson’s purchase of CoverMyMeds for $1.1 billion, Konica Minolta’s acquisition of Ambry Genetics Corporation for $1 billion and Navicure’s acquisition of ZirMed for $750 million. Still, M&A "has been declining slightly over the last few years," said Prabhu. "Investors do not want to miss out on the sheer size and potential of this growing market, but the exit path for many companies remains elusive." .jumbotron{ background-image: url("http://www.healthcareitnews.com/sites/default/files/u2231/AIforjumbotron.jpg"); background-size: cover; color: white; } .jumbotron h2{ color: white; } Future-proofing AI How AI is driving forward-looking healthcare orgs. Twitter: @MikeMiliardHITN Email the writer: mike.miliard@himssmedia.com