A significant amount of investment and resources are required to see a slightest development in the healthcare vertical. But technologies like Artificial Intelligence (AI) are ‘self-running engine for growth in healthcare.’ According to a report of Accenture, when combined with other resources, key clinical health AI applications can possibly generate $150 billion in yearly savings for the US healthcare economy by 2026. This technology has brought a paradigm shift in the healthcare industry, driven by the better availability of medical data and rapid development of analytics methods.
AI uses algorithms that promote it to ‘learn’ features from an enormous volume of healthcare data. It then uses this acquired acumen to assist clinical practice. This capability of AI can be further enriched by providing it with learning as well as self-correcting; so as to increase the accuracy of the feedback. A system built around AI can assist the physicians, by providing informed medical statistics from previous literature and clinical practices, to offer proper patient care. Diagnostic and therapeutic errors can be reduced to a great extent with the use of AI. All these gains and assistance is provided in real time, thus allowing the physicians to take fast and calculated decisions.
In this issue of “The 10 Most Innovative Companies Bringing AI to Healthcare”, we have highlighted some of the renowned organizations from all over the globe, which have attained the feat of integrating AI into their solutions successfully and are now ready to play the next big inning. These companies are transforming the way we care, with unique strategy implementation and patient satisfaction and engagement as their highest priority.
Most insurers and providers only proactively care for about 5 percent of the population, with a labor-intensive model, that is defined as high-risk, which is costly.
People are living longer than ever; with more conditions, costing much more and the results are having devastating ripple effects on families, employers, providers, payers, and society, as a whole.
A home has traditionally been the black box for patient care, disconnected from providers and extended family members.
Care Angel revolutionizes patient engagement and how one cares for the priciest, sickest, and most vulnerable populations by using an unlimited workforce of AI and Voice powered Virtual Nurse Assistants, meet Angel.Care Angel seamlessly boosts the capacity and capability of existing human care teams by five-to-ten fold.
Its main motive is addressing the desire and necessity for improved health engagement and well-being management at the enterprise level to serve the evolving needs of payer and provider clients that manage the clinical and administrative needs of millions of lives in the US alone.The company believes, technology can be used to exponentially scale the engagement, monitoring, and day-to-day care; to coordinate with the most vulnerable and at-risk populations (Medicaid, Medicare, and Dual Eligible).
Engagement is the block-buster drug of the century.” says the CEO.According to VentureBeat, Care Angel is one of the three most Valuable Applications of AI in Healthcare, AI- powered Virtual Nurse Assistants; estimating the value of virtual nurse assistants to a whopping $20 billion.Transforming Healthcare EngagementThe company believes access to quality healthcare is a right all should have.
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The Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices, has announced the list of 135 companies representing 47 industries from across 22 countries who have earned their place in the coveted 2021 World’s Most Ethical Companies® list.
Wipro World’s Most Ethical Companies
We cannot deny the fact that the ultimate goal of any business is profit.
And the key to profit is customers.
These boundaries assert that a business must follow the code of conduct and practice fair trade while meeting its financial goals.
Moreover most enterprises that are on the top of the table in their respective spaces are highly ethical.In order to follow the business ethics, a company must have a strong leadership.
If the leaders understand their values well and have the ability to choose being ethically responsible over profit or gain, then it ripples across the organization and creates the foundation of an ethical culture.
However, an enterprise does not become ethical overnight by following some textbook guidelines.
