Future Proofing Healthcare Automation

The following is a guest article by Niall O’Connor, Chief Technology Officer at Cohere Health Constructing a Responsible AI Framework for Prior Authorization The American healthcare system is on the precipice of a critically necessary digital transformation. Anyone who has experience with healthcare, even just as a consumer, knows technology and change are needed. A recent report found that 89% of healthcare organizations are still using fax machines and 39% are using pagers. It’s time to future-proof healthcare automation, and I’m not the only one suggesting that now is the time for a digital transformation in healthcare. Gartner projects expenditure on enterprise IT within the healthcare and life sciences sector to expand by 9.1% during 2023, reaching $240.5 billion. Healthcare leaders are allocating additional funds towards IT services and software, with anticipated yearly growth rates of 11.9% and 13.1%, respectively. Most recently, health industry investors have focused more on artificial intelligence (AI). As industry leaders have eased into adopting AI solutions and machine learning techniques to expedite the provision of high-quality care and optimize administrative workflows, an enormous opportunity to improve prior authorization processes has surfaced. The process of obtaining prior authorization to evaluate the medical necessity of treatments has plagued healthcare professionals and patients for years. In short, due to their complex nature, inappropriate...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Administration AI/Machine Learning Health IT Company Healthcare IT Revenue Cycle Management AI Accountability Cohere Health Healthcare Automation Niall O’Connor Prior Authorization responsible AI Source Type: blogs