It’s no secret that healthcare costs have continued to rise over the years. In fact, a staggering four in 10 Americans have skipped medical care due to financial concerns. The rise of high-deductible health plans means more financial responsibility has fallen directly on patients, as out-of-pocket costs have skyrocketed by 111% since 2010 and are projected to increase by 10% each year through 2026.
But there’s good news. According to our own research and data, there is roughly $58
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Healthcare Security & Privacy Challenges of ChatGPT, AI Tools
Recent advances in Generative AI Large Language Models, such as ChatGPT, have been making waves across various industries, not least in healthcare. With the ability to converse with users much like a friend, adviser, or assistant, these models have a broad appeal and immense potential. Their user-friendly nature is democratizing access to AI and stirring a cauldron of innovation, with healthcare emerging as a field ripe for exploration.
Nevertheless, as with any powerful tool, there's a
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5 Key Challenges Preventing Innovation in Digital Health
Now more than ever, the healthcare sector is under pressure to curb rising costs, increase accessibility, alleviate issues caused by worker shortages, and improve both clinician and patient outcomes.
In addition, there is a rising demand for remote patient monitoring services, such as medical IoT and wearable devices, as well as the rapid growth of digital health infrastructure across developed nations.
Added to this are additional demographic factors, with the total size and relative
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Detecting Behavioral Health Fraud: How Health Plans Can Strengthen Their Approach
As behavioral health claim volumes continue to increase, there’s a growing need for health plans to be vigilant in spotting fraud, waste and abuse. Today, the complexity and cost of these schemes necessitate a proactive, preventative approach.
Nearly four out of five psychologists say they are seeing increased volumes of patients experiencing anxiety, while two out of three reported an increase in symptom severity in 2022, an American Psychological Association survey shows. High volumes,
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Building A Telemedicine Company – Challenges and Best Practices
In the last few years, the healthcare industry has witnessed an explosion in both popularity and profits in a new sector of business. Thanks to the conditions brought about by the pandemic, telemedicine is now an increasingly popular format for diagnosing and treating a variety of conditions.
Just a few years ago, the telemedicine market had a size of about $42 billion. However, the industry’s growth rate experienced a remarkable surge, and the market size is now projected to reach a
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Why Healthcare AI Must Maintain Multiple Layers of Specificity
The recent explosion of generative AI has pushed public discourse to a palpable tipping point. Nearly overnight, it seems, we’ve cycled from “must develop and/or adopt new AI applications ASAP” to existential fear, avoidance, and even acrimony.
For those of us who have been working directly in the artificial intelligence space for years, specifically in healthcare, these are both trying and exciting times.
On the “trying” hand, many people, including some AI experts, are raising
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VBC: Improving Healthcare Outcomes With A Strong Payer-Provider Relationship
The last few years have emphasized the need for high-quality healthcare for patients that is accessible and affordable for all. There is tension between stakeholders in the healthcare industry surrounding efforts to keep costs low and increase revenue, while not sacrificing patient experience. Years before the pandemic, the Affordable Care Act (ACA) revolutionized the healthcare industry and encouraged a new approach to balancing all the variables: value-based care (VBC). Whereas providers were
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Why The Time Is Now for Healthcare Provider Cloud Migration
It’s no secret that healthcare is a slow-moving industry. Its hesitancy to change has played out in a number of ways over the years — including its lingering resistance to cloud migration. Organizations holding out on migrating wonder: “Is it really secure? Why take the risk of shifting away from on-prem systems?” Moving to the cloud can feel like a daunting task, but with the right tools and plans in place, organizations can move confidently and securely, finally modernizing today’s digital
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AI in Healthcare: Paving The Way to Healthier Tomorrows, Today!
Captivating innovations like smartphones, the internet, and social media have swept across the globe, reshaping the contours of society in their wake. Today, artificial intelligence (AI) in healthcare brings both breathtaking promises and daunting uncertainties. Neither hype nor panic is helpful. What we need is a sober analysis of the real, practical, and immediate solutions AI can offer to genuine healthcare challenges we face today.
Despite the over $200 billion in venture capital invested
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How to Solve The Talent Shortage in Healthcare, Whether It’s Urban, Suburban or Rural
One of the most pressing issues in healthcare today is the growing talent shortage of qualified medical professionals. These critical staffing talent shortages could jeopardize communities’ access to care and result in dire consequences. The staffing shortage existed before the pandemic, but it’s only worsened during the past few years. According to government reports, 23% of hospitals are experiencing a significant staff shortage.
Since February 2020, hospital workforces have been reduced
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