Healthcare AI in 2023: The Ferrum Perspective
Continuing our look at healthcare AI in 2023, we asked Ferrum Health’s medical director for his thoughts on trends we’ll see in the coming year.
Dr. Balesh is a double board-certified, dual fellowship-trained diagnostic and interventional radiologist with postdoctoral expertise in digital health and medical device innovation. In his role as Medical Director for Ferrum Health, he leads the development of artificial intelligence clinical use cases, practice implementation, and real-world research.
Dr. Balesh, Trends and Predictions for healthcare AI in 2023
Growth of formal institutional AI programs with designated leadership and earmarked budgets for investment in AI technologies.
Death of the AI “marketplace” or “app store.” This go-to-market strategy may cater to tinkerers and enthusiasts. Still, it fails to provide purpose-built, end-to-end solutions to broader problems faced at the enterprise health system level.
Increased birth rate as well as the death rate of AI startups. The crowded landscape of small to medium size companies is heavily concentrated around a few billboard disease states, such as lung and breast cancer detection tools. Many startups will fold or merge, and a select few will exit via acquisition by large imaging OEMs.
Dulled enthusiasm for AI point solutions delivered in a triage-type workflow, which addresses the man-made problems of imaging over-utilization and radiologist under-staffing. Increased enthusiasm for quality assurance-type solutions that address organic gaps in real-world clinical care.
You can read the other article in our AI 2023 trend series, and don’t forget to join us next week as we hear from Ferrum’s Head of Market Development.
That’s a wrap for this week’s look at 2023 AI trends. We’ll leave you with an invitation to learn more about the benefits of using an AI Hub to manage multiple applications across your clinical needs and offer you a personal demo of Ferrum’s platform and growing AI catalog.
If you have AI tips, suggestions, or resources you’d like to share, leave us a note below, and please feel free to suggest topics you would like to see covered in future posts.