Does AI Increase ROI and Trust in the Medical Industry?

Does AI Increase ROI and Trust in the Medical Industry? Digital transformation in healthcare is changing the way medical services are delivered. Using 4.0 technologies, like...

by Jose Zea3 min read

Does AI Increase ROI and Trust in the Medical Industry?

Digital transformation in healthcare is changing the way medical services are delivered. Using 4.0 technologies, like artificial intelligence (AI), Big Data, and telemedicine, enables more efficient and personalized care. However, many healthcare institutions still face challenges in implementing these technological advances. This article explores three key actions to adopt 4.0 technologies in healthcare, based on insights shared by experts in the field.

You may be interested in this use case: Optimize Order Management with Arkangel AI

Continuous Training and Basic Education on 4.0 Technologies


Training is the essential first step to integrating new technologies into the healthcare system. As Walberto Buelvas, a physician specializing in nutrition and diabetes, mentions, “You don’t need to be an expert, but it is crucial to start with the basics” to understand how these technologies work. Beginning with AI and Big Data training can be a starting point to understand their applications in healthcare.

Training should not only be technical but also practical. According to Buelvas, the key is to apply knowledge to real situations within healthcare institutions. Basic education in 4.0 technologies should be available to all healthcare professionals, including doctors, nurses, and administrative staff. This training can help teams become familiar with tools like data analysis and AI systems to optimize patient care.

Develop a Digital Transformation Strategic Plan


The second step to adopting 4.0 technologies is to create a digital transformation strategic plan within each institution. As Buelvas points out, every hospital or clinic should have a long-term strategy for effectively integrating digital technologies.

This plan should include three crucial aspects: the technological infrastructure needed to support new tools, continuous employee training, and results evaluation to ensure that implementing these technologies improves care quality and not just the number of patients seen.

Additionally, Buelvas emphasizes the importance of assessing the value generated by implementing healthcare technologies. Asking if the implemented technology benefits the patient, the healthcare professional, and stakeholders is critical in determining if the change was successful. ROI assessment should be an integral part of the strategic plan, with documented results covering both financial and health outcomes.

Value Generation: What Value Does Technology Provide?


One of the most important aspects of adopting healthcare technologies is asking, “What value will the implementation of these technologies generate?” Buelvas highlights that it’s not just about increasing patient volume but improving outcomes for patients, professionals, and stakeholders in healthcare institutions.

Using predictive algorithms and analyzing large volumes of data can help prioritize high-risk patients and improve care quality. As Buelvas mentions, “The data shows us that some patients progress faster than others.” With AI tools, these patients can be identified and given more personalized care. Moreover, these technologies can reduce the rate of patients needing costly interventions, like dialysis, by detecting health issues before they become severe emergencies.

Benefits of Implementing 4.0 Technologies in Healthcare


Adopting 4.0 technologies not only improves healthcare efficiency but also offers several key benefits for patients and healthcare professionals:

  • Operational efficiency: Task automation and data management streamline healthcare professionals’ work, allowing institutions to handle more patients without compromising care quality.
  • Personalized care: With AI and Big Data, treatments can be customized, and preventive interventions can be based on each patient’s specific data.
  • Greater access to remote care: Telemedicine tools allow patients in rural or remote areas to receive quality healthcare without needing to travel.
  • Better diagnostics: AI helps identify patterns in patient data that might go unnoticed by humans, enhancing diagnostics and clinical decision-making.

Challenges and Barriers in Implementing Technologies in Healthcare


Despite the benefits, digital transformation in healthcare faces several challenges. Key obstacles include:

  • Resistance to change: Some healthcare professionals may be reluctant to adopt new technologies, preferring traditional methods.
  • High initial costs: Investment in technological infrastructure and training can be high, especially for healthcare institutions with limited budgets.
  • Protection of sensitive data: Patient data privacy and security is a critical concern when implementing technologies like AI and Big Data

Want to learn more about AI? Request a free consultation.

Conclusion
Digital transformation in healthcare is a crucial step towards modernizing medical services. As discussed, training, strategic planning, and value assessment are key actions for successful implementation. By overcoming challenges and leveraging the benefits of these technologies, healthcare institutions can offer more efficient and patient-centered care, ultimately improving health outcomes on a global scale.