HIT Consultant October 28, 2024
The costs of care are rising, and with them, the pressure on healthcare systems to manage resources effectively. Between 2019 and 2022 alone, overall hospital expenses surged by 17.5%, while hospital labor costs grew by 20.8%, according to a recent report from the American Hospital Association. This financial strain, coupled with ongoing resource constraints and staffing shortages, has created a perfect storm, making it increasingly difficult for health systems to maintain both financial health and high-quality care. Amid this challenge, AI has emerged as a promising solution, but with it comes the risk of “AI washing”—where vendors exaggerate or falsely claim their products’ AI capabilities.
The buzz around AI in healthcare is undeniable, with its potential to revolutionize efficiency and...
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