In the face of burnout and changing revenue models, healthcare industry turns to augmented intelligence for operational improvements


DUBLIN, December 23, 2021– (COMMERCIAL THREAD)–The “Augmented Intelligence for Healthcare Operations Market Trend Report 2021” has been added to ResearchAndMarkets.com offer.

This AI for Healthcare Operations report predicts a market poised to experience explosive growth with a 40% CAGR over the next 5 years as solutions mature and more use cases demonstrate a return on investment.

The COVID-19 pandemic has irrevocably accelerated the adoption of artificial and augmented enterprise intelligence (collectively AI) solutions in healthcare to modernize operations. Burnout and staff shortages, leave scheduling, supply chain disruptions, new contracting models and other operational challenges have all helped to quickly make these technologies necessary for many to operate. health organizations (HCO).

The report, Augmented intelligence for healthcare operations, examines an emerging niche of the industry on the verge of explosive growth as more “mature” solutions effectively demonstrate the return on investment of their client implementations.

Many vendors are rapidly moving towards creating platforms that are end-to-end solutions for operations, rather than just developing one-off solutions. The many acquisitions and investments that have taken place over the past 18 months show that buyers and developers are focused on early financial gains, competing in RCM operations and functional areas where return on investment can be easily quantified. . Additionally, the nature of some of these solutions is robust enough that vendors consider taking risks in their contracts, offering ROI-based contracts for their services as they assert the value of their platform. form.

Asked about the research findings, senior analyst Jody Ranck said this about current market trends: “While there has been a lot of attention on virtual care and the pandemic, a lesser-known story is the important role of AI for operating platforms in helping hospitals and providers meet financial challenges. , planning and supply chain issues posed by COVID-19. The solutions available today are surprisingly more mature than many other application areas for AI and machine learning. “

A representative cohort of ten main suppliers offering solutions to meet these needs is presented in detail. The organizations that have developed products that meet the parameters of this research are: Change Healthcare (Flagship Vendor for RCM), Codoxo, Health Catalyst, Hospital IQ, Infinitus, LeanTaaS (Flagship Vendor for Asset Optimization), Olive, Premier, Qventus (Flagship Vendor supplier for hospital operations) and Waystar. Smart money is seizing the potential market to reduce healthcare overhead and administrative waste, reflected in recent investments and M&A activity in this space.

To this day, this space is still largely untouched by the larger incumbent platform providers, so expect acquisition behavior over the coming year from these stakeholders.

Although relatively early in its implementation days, the dividends from investing in the operations space are starting to emerge. As an essential element in the overall picture of digital transformation, AI4Ops will continue to ease the burden on an already stressed healthcare system and should provide a testing ground to develop confidence in AI offerings within of the health sector. Although risks remain in implementing these solutions, they are not as severe as the potential risks posed by clinical decision support or other care-focused solutions; although all stakeholders should always be vigilant when checking for biases in their algorithms.

Healthcare administrators and executives looking for ways to improve their business processes will find this report useful in assessing the right vendor and solution for their organization’s needs. Operations managers can expect to find clear breakdowns on AI offerings that will alleviate many of the constraints their organizations face today. Investors, solution providers will find value in the contours of market trends as well as in the competitive landscape, and market sizing projections will help target customers for their products.

This report takes a closer look at several leading solutions in the AI4Ops space and provides insight into market trends and dynamics as it evolves after the pandemic.

Research has focused on the largest segments of the operations spectrum, from supply chains to hospital operations. We have also included a small number of supply chain and RPA providers which we believe are a large segment, but smaller than RCM and hospital operations.

The report covers a number of operational use cases, including the following:

  • Discharge planning: emergency management, exit barriers, perioperative

  • Hospital operations: Staffing, Hospital beds, Surgery, Asset optimization

  • Revenue Cycle Management (RCM): Intelligent claims management / refusal prevention, Prior authorizations / eligibility, Patient payment capacity, Fraud detection

  • Supply chains: number of predictive cases, supply chain forecasting, prioritization of resources

Many healthcare facilities use point solutions for operations when they initially engage with AI, but major vendors are building end-to-end, multi-functional platforms for operations and RCM functional areas.

The report provides clear examples of how healthcare leaders can learn from other industries such as airlines and airport capacity management to improve their own operations. We also highlight vendors who excel in the change management component of AI4Ops, which is critical to successful digital transformation.

As an essential part of the digital transformation, AI4Ops will continue to ease the burden on an already stressed healthcare system and should provide a testing ground for building confidence in AI offerings within the healthcare industry. .

Healthcare administrators and executives looking for ways to improve their business processes will find this report useful in assessing the right vendor and solution for their organization’s needs. Operations managers can expect to find clear breakdowns on AI offerings that will alleviate many of the constraints their organizations face today. Investors, solution providers will find value in the contours of market trends as well as in the competitive landscape, and market sizing projections will help target customers for their products.

Main topics covered:

Key points to remember

Common buyers

Evolution of technology and deployment and use strategies

Obstacles and challenges to adoption

Industry Context

  • Business / Economic

  • Politics

  • Regulations

  • Societal

Market forecast

Supplier categories

Product and market categories and descriptions

Market categories

Bearings Analyst

Supplier profiles

For more information on this report, visit https://www.researchandmarkets.com/r/n31gvl

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211223005375/en/

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