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Healthcare AI struggles with funding and data quality

This article is part of the Pulse issue of July 2018, Vol. 6, No. 3
In the era of healthcare AI, tools can unlock buried clinical information that predicts risks, provides reasons for intervention, raises the quality of care and reduces medical costs. As a result, healthcare organizations are shifting their priorities to focus on data quality and additional strategies that circumvent tight budgets as they move to the next phase of building on previous health IT investments. After nearly a decade of federal health IT spending and more than $30 billion in government incentive payments disbursed to hospitals, physician offices and other medical settings that transferred patient data from paper-based systems to electronic health records (EHRs), healthcare organizations now find that funds for AI and other technology spending aren't growing fast enough. That situation has created an obstacle to digital transformation in the healthcare industry. Research firm IDC predicted worldwide healthcare spending for IT will continue growing at a compound annual growth rate of about 5% through 2021. That ...
Features in this issue
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Healthcare AI struggles with funding and data quality
Finding enough funds and validating data quality can be heavy challenges when it comes to adopting AI technology in healthcare organizations. Hospital IT professionals explain their approaches.
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Use of AI in healthcare seen saving lives of patients
Prevention of heart attacks and diagnoses of cancer may one day improve, thanks to AI. Infograph statistics reveal promising findings for AI applications in healthcare.
Columns in this issue
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Digital transformation in healthcare boosts patient engagement
As healthcare becomes increasingly digital, patients expect a top-notch experience accessing their medical information as they bid farewell to paper records.
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Healthcare APIs weave into common lingo of federal officials
It's hard to imagine that a federal health policy announcement would have ever included the term 'API', but it's on the minds of health regulators.