The Covid-19 pandemic heightened existing pressure points in nearly every sector and industry. The pandemic exacerbated the already crisis-level burnout that healthcare workers were struggling with. Hospital networks are struggling to keep pace with more patients requiring care from a shrinking healthcare professional workforce. Inflation, increased doctor-patient ratios, and a shrinking healthcare talent pool have stretched the medical industry to its breaking point.

Even before the pandemic, hospital networks across the globe were investigating ways that digital healthcare technologies could improve access to healthcare, improve efficiency, and keep healthcare costs low. During the pandemic, the adoption of digital technologies accelerated and contributed to the resilience of healthcare systems during the challenges presented by the pandemic.

Digital health technologies that leverage AI contribute to improving the efficiency and effectiveness of hospital systems in meaningful ways, including cost reductions, improved access to healthcare, and resource optimization.

AI-enabled clinical decision-making support for healthcare workers

Due to the healthcare talent shortages, practicing clinicians see more patients than ever before and must balance efficiency with quality of care. Because of their automation capabilities and abilities to learn from large volumes of patient data and medical research, AI-enabled healthcare technologies are playing an increasingly large role in improving physical decision making when it comes to diagnosis, treatment, and ongoing care.

Equally– if not more– importantly, are the benefits to clinicians. AI-powered clinical decision support can analyze patient data, medical literature, and the most recent best practices to provide physicians with evidence-based recommendations to diagnose, treat, and manage care for their growing number of patients. This allows clinicians to make better informed and far more personalized decisions regarding treatment planning and medication selection for patients. AI can also enable real-time alert automation to notify clinicians of critical findings, flag potential medication errors, and highlight missed opportunities for preventative care.

These digital healthcare technologies can make a meaningful impact on morale and job satisfaction for medical workers. They help healthcare workers make well-informed decisions while also reducing cognitive burden in physicians, improve the practitioners’ ability to see and treat more patients without sacrificing quality of care, and ensure better patient outcomes.

AI applications for healthcare networks

In healthcare, the delivery of timely care and treatment is very literally a life and death issue. Healthcare supply chains are intricate, massive machines comprised of various mechanisms that orchestrate the delivery of services needed to ensure patient care. These supply chains are far more complicated than others because they include people and are significantly impacted by the needs of individual patients. AI-supported technologies are improving the quality of care and efficiency of medical resources.

AI applications for hospital networks can connect the different clinics, labs, and diagnostics to create a holistic view of the entire network, thus enabling improved coordination and communication between various channels. It can then perform predictive analysis of historical appointment data, demographics, and clinic capacities to forecast appointment demands with far greater accuracy. In turn, hospital managers can optimize resources and scheduling, resulting in shorter patient wait times. AI-driven chatbots and virtual assistants are also helping hospital networks to run more smoothly by automating appointment scheduling, prescription refills, and billing inquiries. By reducing administrative burdens for healthcare staff, AI frees up time for healthcare workers to focus on patient care and clinical tasks.

AI can perform routine, repetitive operational tasks and improve the accuracy and speed of diagnosing conditions like cancer much faster than humans. By reducing administrative burdens for healthcare staff, AI frees up time for healthcare workers to focus on patient care and clinical tasks while also making hospitals more cost-effective.

Telemedicine and remote monitoring

AI-enabled telehealth and remote monitoring capabilities increase access to healthcare, improve communication between healthcare providers, and improve the efficiency and cost-effectiveness of quality patient care. Artificial intelligence enables hospitals to share data and collaborate effectively on cases while preserving patient privacy. This facilitates more confidence in virtual consultations and enables more comprehensive care by allowing multi-disciplinary healthcare teams to coordinate patient care from different locations.

Rural patients often travel long distances for medical appointments and diagnostics and will do so out of necessity. However, once they have resolved their acute medical issues, these patients may not return for follow-up visits. The proliferation of wearable health monitoring devices enables physicians to monitor patients and make real-time, data-driven medical decisions without requiring the patient to be on-site.

AI and telemedicine are allowing practitioners to expand virtual care options throughout the treatment plan that can improve patient experience and their outcomes.

Barriers to adoption of AI in medicine

The benefits of AI-driven tools in healthcare are numerous, and their aid in building resilience is promising. However, there are many barriers to widespread adoption that device manufacturers and healthcare IT professionals must consider. Regulations, data privacy, interoperability, a lack of standardization, and resistance to change represent significant hurdles that must be considered.

Regulatory compliance: It is crucial that devices and software used in healthcare settings be fully compliant with the rigorous requirements that regulatory agencies set to protect the privacy of patient data. Ensuring compliance approval is a costly and time-intensive, but crucial, process.Data privacy: Medical data is highly sensitive and must be handled with the utmost care. AI systems used in medical settings must comply with strict data privacy regulations; ensuring this security adds layers of complexity to the development and testing of healthcare software and devices.Interoperability: Healthcare system infrastructure is complex. Interoperability issues make integrating AI systems into existing infrastructure challenging. Rigorous testing is required to ensure seamless integration with electronic health records, medical devices, and the plethora of other systems the hospital network relies on to ensure proper patient care.Standardization: AI is advancing more rapidly than the standardized protocols that evaluate it, resulting in complications for device and software testers. Without these established standards, it’s difficult to evaluate or benchmark the performance of different AI models accurately.Resistance to change: As with all industries, there is anxiety amongst practitioners about job displacement or changes in existing workflows. AI can be an invaluable tool for helping clinicians to deliver more personalized care and better outcomes, but first they must be educated and trained on how to use it effectively.

Building back a stronger, more resilient healthcare industry

The post-pandemic world is increasingly relying on AI and automation to optimize resources and streamline operations. The healthcare sector has seen an explosion in technology that can aid practitioners in combatting burnout and optimize resources and operations in hospital networks. Keysight helps medical device manufacturers and healthcare IT administrators to design, emulate, and test devices and systems that are secure, fully compliant, and will stand the test of time.

Learn more about Keysight’s healthcare solutions.

NEW YORK, April 2, 2024 /3BL/ – PNC Bank has invested $20 million in the Local Initiatives Support Corporation (LISC) to expand the organization’s efforts to boost economic opportunity and growth in thousands of rural counties as well as across 38 metro areas in the United States.

PNC Bank’s funding includes both a 10-year, $10 million Equity Equivalent (EQ2) investment as well as a more flexible $10 million three-year term loan. EQ2 is an innovative debt tool that offers nonprofit community development financial institutions (CDFIs) like LISC the chance to raise capital with features that are similar to an equity investment.

“We continue to see that patient, flexible and risk tolerant EQ2 financing has become an increasingly important lever for community lenders to attract additional private capital into under-resourced communities,” said Rey Ocañas, managing director, PNC Community Development Banking. “With this 10-year commitment, PNC remains laser-focused on our efforts to strategically deploy low-cost capital into transformative initiatives that advance economic empowerment and prosperity where it’s needed the most.”

LISC is one of the country’s largest community development organizations, and it will use PNC’s capital to support a range of new and existing community investment efforts, such as small business programs for entrepreneurs without ready access to conventional financing—including those owned by women, people of color and veterans. PNC Bank and LISC have collaborated on a number of significant investments in recent years spanning retail, health, education, and job training centers, as well as quality affordable housing and services.

“With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future,” said Michael Pugh, LISC CEO. “This is also a major investment in the infrastructure of community development,” he added, “helping us support our local partners as they scale up proven strategies for social, economic and environmental impact.”

About PNC Bank

PNC Bank, N.A., is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

About LISC

LISC is one of the country’s largest community development organizations, helping forge vibrant, resilient communities across America. We work with residents and partners to close systemic gaps in health, wealth and opportunity and advance racial equity so that people and places can thrive. Since our founding in 1979, LISC has invested $29.7 billion to create more than 489,000 affordable homes and apartments, develop 81.4 million square feet of retail, community and educational space and help tens of thousands of people find employment and improve their finances. For more, visit www.lisc.org.

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Regen BioPharma, Inc. invites individual and institutional investors, as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference. SAN DIEGO, April 2, 2024 /PRNewswire/ — Regen BioPharma, Inc. (OTC PINK: RGBP) (OTC PINK: RGBPP), a…

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