Artificial intelligence (AI) can potentially revolutionize the healthcare sector, from drug discovery to patient care. By utilizing the power of machine learning, natural language processing, and other AI technologies, healthcare providers can leverage vast amounts of data to make faster, more accurate diagnosis. They can create personalized treatment plans and improve patient outcomes by incorporating AI into their routine work.
With the impact of the COVID-19 pandemic, the healthcare industry has seen an acute shortage of workers; this has made Doctors and other healthcare professionals focus on resources like AI to enhance the current healthcare system. Since then, there was never looking back. The AI-associated startups in the healthcare sector raised around $10 billion in 2021 and continue to drive more funds for the immense value addition it promises.
To get a sneak peek of what AI has to offer to the health sector, let’s dig into the areas it is showing noteworthy growth and know about the artificial intelligence healthcare solution companies that are creating a difference in the healthcare sector with the assistance of AI.
Benefits of AI in the Healthcare Industry
AI is a path breaking technology that benefits the B2B companies including the healthcare sector in many ways. Below are some of the benefits of integrating AI to the healthcare sector along with massive medical developments that are being achieved in healthcare using this technology.
1. Medical Imaging
AI and machine learning combined can genuinely transform the whole medical imaging process. It is well known that image data provides the best possible information about patients in the medical field. It is often challenging and complex to be processed accurately, even by the best medical professionals. Here AI can be suitable as it can imply its innovative analytics to predict the best clinical treatment by uncovering the hidden insights from medical imaging. It’s algorithms can be combined with X-rays, MRIs, and other images to predict the early signs of deadly diseases like – cancer, cardiac issues, or neuro disorders.
2. Drug Discovery
AI is also transforming drug discovery by identifying potential drug candidates that would have gone unnoticed by traditional methods. Machine learning algorithms can analyze vast data to identify patterns and potential treatments. This can notably reduce the time and cost of developing new drugs and improve the success rate.
3. Electronic Health Records
AI is making it easier to manage electronic health records (EHRs) and extract valuable insights from them. On the other hand, machine learning can scrutinize patient data to identify patterns, and predict outcomes along with identifying potential risks. This can help create personalized treatment plans, reduce errors, and improve patient outcomes.
4. Virtual Assistants
AI-powered virtual assistants like chatbots and voice assistants are helping patients get the care they need more quickly and efficiently. These virtual assistants can help patients schedule appointments, answer common questions, and provide guidance on managing chronic conditions.
5. Disease Prediction
AI is being used to predict diseases and identify potential risks. With machine learning, it can effortlessly analyze patient records, genetics, and lifestyle factors to identify patterns and potential risks. This can help healthcare professionals identify patients at high risk for certain diseases and take preventative measures to reduce their risk.
Leading Artificial Intelligence Healthcare Companies
Over 100 AI healthcare startups are paving their paths in the industry to enlighten the future of the healthcare sector. Below are the top AI healthcare companies innovating healthcare strategies by exploring AI.
1. CloudMedx
CloudMedX is an innovative and intelligent healthcare technology platform that has revolutionized the healthcare industry. It is a cloud-based platform that uses artificial intelligence and machine learning and can alter healthcare data into actionable insights; this helps healthcare professionals in enhanced decision-making.
One thing that sets it apart from other artificial intelligence healthcare companies is its predictive health care models that can predict disease progression. This feature enables one to quickly access pivotal information about a patient’s health status, thus helping with improved patient care within a short span.
2. Butterfly Network
This is among the best Artificial Intelligence healthcare solution companies that focus on creating AI-powered portable, reasonably priced ultrasound devices. The company’s prime product is the Butterfly iQ, a portable ultrasound device that can be connected to a smartphone or tablet. The technology processes ultrasound images using artificial intelligence, producing high-quality diagnostic images that can be applied in various medical contexts.
The ultrasound equipment from it has the potential to greatly enhance healthcare results, especially in low-resource situations where conventional ultrasound machines might not be accessible or expensive. The devices are also well suited for use in emergency medical contexts where portability and convenience are crucial, such as ambulances and disaster relief efforts. Further, it has collaborated with many leading global healthcare providers and organizations and has secured sizable funding from strategic investors and venture capital firms.
3. Arterys
Arterys is among the top AI healthcare companies specializing in medical imaging analysis using advanced artificial intelligence and machine learning algorithms. Founded in 2017, the company’s primary goal was to create a platform that could easily detect cardiac issues in children. Since its inception, it has kept expanding its platform to include various medical imaging applications, from MRIs to CT scans to X-rays.
This platform is designed to be user-friendly and accessible to medical organizations like hospitals and research institutes. By innovatively utilizing AI and ML, the platform can analyze medical images with remarkable speed and accuracy, providing valuable insights into a patient’s health status.
4. Cleerly
Cleerly provides AI-based digital health care using the coronary computed tomography angiography (CCTA) imaging process to aid in the early detection of heart diseases among patients. The company claims to provide personalized and tailored medical advice to patients in a simple yet fast and precise manner, ultimately assisting medical professionals in curating the best possible treatment.
Recently, this company has gained widespread recognition and is being considered a potential platform to overhaul how medical professionals diagnose and treat heart diseases. The platform aims to assist patients and physicians through its innovative digital cardiovascular care management program.
5. Enlitic
This innovative platform is designed to streamline workflows for radiologists and improve the accuracy of diagnoses for patients with a range of medical conditions. This platform uses deep learning algorithms to analyze medical images and identify potential issues that human radiologists may miss. The company has been operating since 2014; it works on the betterment of both upstream and downstream healthcare processes. By curating improvised intelligence solutions, this company helps physicians to focus on patient cases.
The company has also partnered with GE Healthcare to collaboratively embed each other’s workflow together to provide a seamless output like never before.
6. Caption Health
This is a pioneering healthcare technology company dedicated to enhancing patient care by transforming ultrasound imaging technologies. By leveraging the latest advancements in Artificial Intelligence, it has developed a suite of tools that enable early disease detection, ensuring patients receive prompt and effective treatment. The company designs each product to yield promising outputs that help in designing patient care regimes at the fastest pace.
Caption Health includes a team of top-notch entrepreneur clinicians and engineers who are ambitious about expanding access to healthcare facilities in a cost-effective manner. They are on a mission to reinvent healthcare delivery by posing minimal risk.
7. Oncore Medical
This innovative technology company is using the power of data and analytics to transfigure the way we approach cancer treatment. With a mission to improve the quality of care for cancer patients with its indigenous medical’s platform & Precision Radiation Oncology.
The power of Oncora Precision Radiation Oncology lies in its ability to analyze patient data from multiple sources, such as electronic medical records, imaging studies, and genomic sequencing. By mining this data, the platform can identify patterns and predict which treatment options will be most effective for each patient.
Wrapping Up
The usage of artificial intelligence in healthcare is still very minimal as the technology associated with it is still in its infancy stage. However, numerous AI-based healthcare solutions are coming up every day and are curating innovative measures to pave a new dimension for disease diagnosis and treatment in the contemporary world.
The immense potential of AI to offer personalized and efficient medical care to improve the lives of millions is at the core of budding healthcare solutions in the current era. The same is expected to get the much-needed boost soon, all thanks to revolutionizing AI innovations transpiring in the healthcare sector all across the globe.