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AI in Action: Beyond the Buzzwords - Practical Applications for Optimized Healthcare Decisions

Speakers

Darryl Elmouchi Headshot
Darryl A. Elmouchi, MD, MBA,
Chief Operating Officer, Corewell Health
dave-torgerson-headshot
Dave Torgerson
Chief Analytics Officer, Sentara Health
ENT Panel_Ashley Walsh_LeanTaaS
Ashley Walsh, MHA
Chief Revenue Officer, LeanTaaS

Summary

Join C-Suite leaders from Corewell Health and Sentara Health to discuss the integration and scaling of AI and technology in hospital operations. We will tackle how AI is not only reducing costs but also improving efficiency, with leaders sharing tangible outcomes from AI initiatives and the challenges of extending these technologies across multiple facilities. They will explore effective strategies for overcoming scalability barriers and delve into assessing the ROI of AI projects. The session aims to provoke thoughtful consideration on how leadership can harness AI to transform healthcare delivery, emphasizing actionable insights for navigating the complexities of digital transformation in a rapidly evolving industry landscape.

Learning Objectives:

  • AI-driven technologies can significantly cut operational costs and enhance clinical and operational workflows when effectively integrated.
  • Scalability of AI solutions requires tailored strategies to address unique barriers within and across healthcare facilities.
  • Assessing AI’s ROI involves not only financial metrics but also indicators of clinical efficiency and patient outcomes.

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Chapter 1: The Looming Challenge

If you work in the healthcare industry, or even if you’re just an interested observer, you don’t need a book to tell you that the financial pressure is on as never before. A perfect storm of circumstances is swirling together, one that will make survivability, not to mention profitability, a greater challenge for healthcare companies than we’ve seen in the modern era.

As with banks, retailers, and airlines, which had to rapidly enhance their brick-and-mortar footprints with robust online business models—it is the early movers eager to gain new efficiencies that will thrive and gain market share. The slow-to-move and the inefficient will end up being consolidated into larger health systems seeking to expand their geographical footprints.

The pressures on healthcare

Let’s look at just a few of the looming challenges healthcare must meet head-on.

An aging population

By the year 2030, the number of adults sixty-five years of age or older will exceed the number of children eighteen years or younger in the United States. We are living longer than our parents did. Positive news for sure, but problematic for several reasons.

The older we get, the more medical help we need. Older people have more chronic diseases. By 2025, nearly 50 percent of the population will suffer from one or more chronic diseases that will require ongoing medical intervention. This combination of an aging population and an increase in chronic diseases will create a ballooning demand for healthcare services.

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