Last year was a good year for artificial intelligence (AI)-powered medical note-taking apps.
According to the Financial Times (FT), investment in these apps will double in 2024. reported On Sunday (January 5), tech giants and small startups are vying to be the first to tap into the $26 billion AI healthcare market.
Startup focused on development Digital “scribe” Citing data from Pitchbook, the report said funding for the healthcare sector increased by $800 million in 2023, up from $390 million in 2023. According to the FT, companies are rushing to introduce AI-powered products designed to help doctors create medical records faster and enhance interactions with patients.
“In 15 years of medicine, I don’t think I’ve seen anything more transformative,” Harpreet Sood, a primary care doctor in south London, told the FT.
Mr Sood, a former technology and innovation adviser to NHS England’s chief executive, has been working on an app for French start-up Nabla for the past 15 months. he said in some words whole day Traditional note-taking is possible when examining 40 patients eat 2 hours.
“This is impressive and easily saves three to four minutes on each (10-minute) consultation. Really It helps us understand what the consultation is about and what it entails,” he added.
The report noted that medical professionals across the UK National Health Service are testing AI note-taking. as a method Save time and improve doctor-patient interactions. FT points to Mayo Clinic study which one It was found that doctors spend about one-third of their working day on paperwork and other administrative tasks.
last year Saw some well-known product Launched by a technology company It is intended to alleviate this problem. For example, Microsoft has rolled out a suite of cloud-based AI solutions aimed at automating back-office processes and improving data integration. and Improve patient outcomes.
“From AI-powered chatbots that handle routine queries to advanced algorithms that detect hidden patterns in medical data, these tools Free up healthcare workers to focus on patient care,” PYMNTS wrote.
and Amazon One Medical announced that its AI tools can reduce administrative time by 40% compared to industry standards.
In related news, PYMNTS wrote about AI last week. Emergence as a force In strengthening business processeswith companies Use technology to automate repetitive tasks and more complex processes.
” The timing couldn’t be better” the report said. “The back office has long been ignored in innovation conversations, but its transformation is no longer an option. Increased uncertainty complicates regulation. and competitive pressure, enterprise I’m looking for How to streamline operations and improve decision making and Increase efficiency. ”
