2021 Augmented Intelligence for operations in healthcare


Dublin, December 31, 2021 (GLOBE NEWSWIRE) – The “Augmented Intelligence for Health Care Operations Market Trends Report 2021” Report was added to ResearchAndMarkets.com to offer.

Many health systems and hospitals suffered a severe financial shock with the outbreak of the COVID-19 pandemic in March 2020. With hospitals operating margins already low, such a shock can drive margins into negative territory and affect the survival of the organization. For this reason, the pandemic has created the opportunity for a number of providers of AI in Operations (AI4Ops) to demonstrate a measurable ROI during the crisis and emerge stronger from it.

While most of the attention in the AI ​​space has been focused on clinical applications, for operations AI4Ops is now where the real action takes place. Smart money is entering the potential market for reducing healthcare overheads and administrative burdens, and recent investment and M&A activity in this space reflect this.

This report takes a closer look at several leading solutions in the AI4Ops space and provides an overview of the trends and dynamics of the market as it evolves after the pandemic:

  • Change Healthcare (Flagship Provider – RCM)
  • Codoxo
  • Health catalyst
  • HospitalIQ
  • Infinite
  • LeanTaaS (flagship provider – operational excellence)
  • olive
  • Optum
  • Qventus (flagship provider – hospital operations / change management)
  • Waystar

Research has focused on the largest segments of the surgical spectrum from the supply chain to hospital operations. We also included a small number of supply chain and RPA providers that we believe are an important but smaller segment than RCM and hospital operations.

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

  • Discharge planning: emergency room management, discharge barriers, perioperative
  • Hospital operations: staff, hospital beds, surgery, system optimization
  • Revenue Cycle Management (RCM): Intelligent claims management / rejection prevention, pre-approval / authorization, patient solvency, fraud detection
  • Supply chains: predictive case numbers, supply chain forecasts, resource prioritization

Many healthcare organizations have used stand-alone operational solutions when they initially interacted with AI, but the leading vendors are building multi-functional end-to-end platforms for all operational and RCM functional areas.

This report on AI for Healthcare Operations predicts a market that will grow explosively at a CAGR of 40% over the next 5 years as solutions mature and more use cases show ROI.

The report provides clear examples of how healthcare executives can learn from other industries such as airlines and airport capacity management to improve their own operations. We also highlight providers who stand out thanks to the change management component of AI4Ops, which is business-critical for a successful digital transformation.

As an essential part of the digital transformation, AI4Ops will continue to relieve an already strained health system and should prove to be a test field for building trust in AI offers within the health industry.

Healthcare administrators and executives looking for ways to improve their operations will find this report helpful in assessing which provider and solution is best for their business needs. Operations managers can expect to find clear breakdowns of AI offerings that alleviate many of the pressures their businesses face today. Investors and solution providers will find value in the outlines of market trends as well as the competitive landscape, and the market size projections will help target customers for their products.

Multiple vendors are rapidly evolving to build platforms that provide end-to-end solutions for operations rather than just developing stand-alone solutions. The many acquisitions and investments made over the past 18 months show that buyers and developers are focused on early financial gains, competing across all operational and RCM functional areas, with ROI easily quantified. Additionally, the nature of some of these solutions is strong enough that vendors will consider taking risks in their contracts and offering ROI-based contracts for their services while claiming the value of their platform.

When asked about the results of the study, lead analyst Jody Rank said of the current market trends: “While there has been a lot of focus on virtual care and the pandemic, a lesser known story is the critical role played by AI for surgical platforms in helping hospitals and providers address the financial, scheduling and supply chain challenges posed by COVID-19 The solutions available today are surprisingly more sophisticated than many other areas of application for AI and machine learning. “

A representative cohort of ten leading providers who offer solutions for these requirements is described in detail. The organizations that have developed products that meet the parameters of this research are: Change Healthcare (flagship provider for RCM), Codoxo, Health Catalyst, Hospital IQ, Infinitus, LeanTaaS (flagship provider for facility optimization), Olive, Premier, Qventus (flagship provider for hospital operations) and Waystar. Smart money is entering the potential market for reducing healthcare overheads and administrative burdens, and recent investment and M&A activity in this space reflect this. To this day, this area is still largely untouched by the larger, established platform providers. You should therefore expect these interest groups to buy behavior in the coming year.

Healthcare administrators and executives looking for ways to improve their operations will find this report helpful in assessing which provider and solution is best for their business needs. Operations managers can expect to find clear breakdowns of AI offerings that alleviate many of the pressures their businesses face today. Investors and solution providers will find value in the outlines of market trends as well as the competitive landscape, and the market size projections will help target customers for their products.

For more information on this report, see https://www.researchandmarkets.com/r/y8g64y



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