Navigating the Future of Healthcare with AI
Last week, the U.S. Department of Health and Human Services (HHS) reorganized its structure to streamline and enhance its strategic and policy functions in technology, cybersecurity, data, and AI. This fundamental change is expected to accelerate federal regulation of health data and AI, highlighting the dynamic evolution of the sector. (2) This is just one example of why healthcare companies must strategically plan their next moves to adapt to these changing regulations and remain competitive.
The Evolve conference will look at some of the most relevant trends shaping the industry, such as:
- AI-powered personalized medicine: AI-powered tools are poised to revolutionize patient care by personalizing treatments based on individual genetic profiles and health data. Recent advances, such as the use of deep reinforcement learning (DRL) to create adaptive therapy plans for prostate cancer, have shown potential to significantly improve outcomes. (3)
- Telehealth and Remote Patient Monitoring: The rapid expansion of telehealth since the COVID-19 pandemic includes AI-powered call centers, telehealth platforms, wearable devices, and home monitoring systems. These innovations have improved patient care and accessibility, but require informed decisions on build-or-buy strategies, operational sponsorship, and integration of advanced hybrid and cloud capabilities. (4)
- AI in Anomaly Detection: This trend focuses on protecting patient data amid growing concerns about data breaches and privacy. Advanced machine learning improves the accuracy of anomaly detection, reducing false positives from 90% to 30% and strengthening security posture. (5) Effective management of growing data volumes is essential to maintain optimal performance in a changing environment.
“The healthcare industry as a whole is on the verge of a transformational era,” said Sarah Danielson, Senior Director of Health Strategy and Consulting at Trace3. “AI-powered personalized medicine offers the opportunity to achieve more equitable health outcomes at scale by extending the reach of an overburdened clinical workforce. The advances we are seeing today underscore the profound impact AI will have on patient access, health outcomes, quality of care, and the cost of care for populations.”
With over 20 years of experience in the healthcare industry, Danielson will be a featured speaker at the Evolve Technology conference and exclusive media event. She will be joined by Rich Fennessy (CEO), Joe Quaglia (President), Tony Olzak (CTO) and Asher Lohman (VP, Data & Analytics) from the Trace3 team.
The Evolve Technology Conferencehosted by Trace3 in Las Vegas, NV, will take place September 11-13, 2024. Evolve will feature general sessions, breakout sessions, and networking events, making it the region’s premier IT leadership and technology conference. Attendees will have the opportunity to build lasting partnerships, discover innovative solutions, and unlock the potential of their organizations. Invited journalists will be able to participate in the media event, which will include a closed-door briefing and a Q&A session.
About Trace3:
Today, AI is the talk of the tech industry, but there is little practical information available. Trace3, based in Irvine, California, offers over 20 years of expertise in delivering innovation in the form of emerging technologies, providing unique technology solutions and consulting services to change that – and drive their implementation in enterprises. Their elite engineering and dynamic innovation deliver convergent solutions that integrate emerging technologies and generate measurable value. Trace3 embodies the spirit of a start-up with the advantage of a scalable enterprise. Trace3 believes that ALL possibilities lie in AI. For more information, visit http://www.trace3.com.
The references:
1. Duarte, Fabio. “AI Market Size Statistics (2023).” Exploding Topics, June 26, 2023, explodingtopics.com/blog/ai-market-size-stats.
2. Palmer, Katie. “Federal regulation of health data and AI set to get boost after HHS overhaul.” STAT, July 25, 2024, statnews.com/2024/07/25/hhs-health-data-artificial-intelligence-federal-regulation/. Accessed July 25, 2024.
3. Verma, Siddharth. “University of Oxford Researchers Revolutionize Prostate Cancer Therapy with AI.” Educationpost.in, June 17, 2024, educationpost.in/news/education/university-of-oxford-researchers-revolutionize-prostate-cancer-therapy-with-ai. Accessed July 25, 2024.
4. Marr, Bernard. “The 10 Biggest Trends That Will Revolutionize Healthcare in 2024.” Forbes, October 3, 2023, forbes.com/sites/bernardmarr/2023/10/03/the-10-biggest-trends-revolutionizing-healthcare-in-2024/.
5. TRACE3. Case study on designing artificial intelligence solutions: protecting patient data through machine learning. 2024.
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