Despite the lack of regulation, AI startups are eager to enter the healthcare industry, with many believing the technology can solve some of the industry's biggest problems. Medical-scribe startups, which use AI to record patient-doctor conversations, have received significant attention from investors. However, the success of these startups could be limited by their ability to integrate with electronic health records systems. Industry experts predict the next 18 months will be a critical phase for AI in healthcare, as it will determine which startups succeed and which fail.
Key takeaways:
- A new survey reveals that the majority of health systems lack policies to govern the use of AI, with only 16% of US health system leaders reporting having systemwide policies for AI usage and data access.
- Healthcare has traditionally been slow to adopt new technologies, but the potential of AI to improve efficiency, reduce professional burnout, and enhance patient outcomes is generating excitement among investors and doctors.
- Despite the lack of regulation and policy, AI startups are hoping to address some of the healthcare industry's biggest challenges, with venture investors showing optimism about the market.
- The next 18 months will be a critical period for AI in healthcare, as it will determine which startups succeed and which fail, according to Bryan Roberts, a partner at VC firm Venrock.