The Discussion of AI in Medtech and Healthcare

Are we Slow Dancing in a Burning Room when we discuss AI in medtech and […]

Are we Slow Dancing in a Burning Room when we discuss AI in medtech and healthcare?

The near-term application of AI in healthcare may be best applied outside the O.R.

Some RWE (real-world evidence) to consider:

Healthcare employment headcount growth from 1975 to 2010.
–             The number of physicians = +150%
–             The number of healthcare administrators = +3,200%

Healthcare spending as a percentage of GDP.
–             1970 – 6.9%
–             2019 – 17.7%

Current-day conversations on the use of AI in the O.R. are appropriate and required as long as expectations are managed. When you factor in the:

–             Lack of large enough appropriate data sets to deliver algorithms.
–             FDA pathways continuing to be defined.
–             The tilting at windmills discussions around who owns the data.
*All of these require time. Maybe even more than a decade at best.

Where will investment dollars in the emerging AI-based technologies have the greatest impact?

Healthcare is a meta-conversation.