Conversational Artificial Intelligence: A Practical Tool for Cutting Healthcare Costs

If someone handed you $15,000 in cash, what would you spend it on? Maybe you’d purchase the new SUV you’ve been eyeing or place a down payment on a house.

Most Americans probably wouldn’t think to answer?that they would spend it on?healthcare, but the?average annual per-person healthcare spending?in 2024 in the United States has reached a staggering $15,074. That amount might not be as hard to swallow if the U.S. didn’t have the lowest life expectancy at birth, the highest rates of avoidable deaths?among high-income countries and the highest rate of people with multiple chronic conditions.

A higher administrative burden on providers represents an additional?15 percent of the excess, making it the biggest component of wasteful U.S. spending. According to a report from McKinsey and Harvard researchers,?artificial intelligence?(AI) has the potential to save the U.S. up to $360 billion annually if adopted more widely in healthcare.

Learn More

In Case You Missed It

20 Statistics That Prove AI is Here to Stay

Do you remember the Betamax video cassette player and recorder released in 1975? What about the Segway, the personal motorized scooter that burst onto the technology scene in 2001 with much fanfare??

If neither of these products rings a bell, don’t be alarmed. They're categorized along with Apple Newton and Google Glass as some of the "most successful technology failures of all time." The design of these products might have been innovative, but they failed to elicit widespread use in the United States.?

A popular “newish” technology that has taken the business world by storm is AI. Rapid adoption of AI across nearly all industries continues, making it clear that it’s not destined to land on the aforementioned list of technology failures.?

Want some proof? We’ve compiled a list of 20 AI statistics that demonstrate this transformative technology isn’t just another flash in the plan.?

Proof AI is Here to Stay

Top 5 AI Myths: True or False?

When AI first emerged on the technology landscape, some didn’t believe it would expand from some sort of science fiction to a tool employed across nearly all industries. Even though 90 percent of top businesses have an ongoing investment in AI, myths about the technology abound for many who haven’t seen it. Identify some of those common myths and verify whether or not there’s any truth to them. Let the debunking begin!

Read On

Harnessing Conversational AI for Digital Self-Service to Bolster Care

Healthcare consumerism is transforming patient interactions, requiring providers to cater to patient preferences for transparency, value and convenience. It's reshaping the way patients interact with their healthcare providers because they're no longer passive recipients of care. Find out?how you can begin harnessing conversational AI for digital self-service to bolster patient care.

Read On