Business Application of Machine Learning and Artificial Intelligence in Healthcare
The future of healthcare is becoming dependent on our ability to integrate Machine Learning and Artificial Intelligence into our organizations. But it is not enough to recognize the opportunities of AI; we as leaders in the healthcare industry have to first determine the best use for these applications ensuring that we focus our investment on solving problems that impact the bottom line.
Throughout these four modules we will examine the use of decision support, journey mapping, predictive analytics, and embedding Machine Learning and Artificial Intelligence into the healthcare industry. By the end of this course you will be able to:
1. Determine the factors involved in decision support that can improve business performance across the provider/payer ecosystem.
2. Identify opportunities for business applications in healthcare by applying journey mapping and pain point analysis in a real world context.
3. Identify differences in methods and techniques in order to appropriately apply to pain points using case studies.
4. Critically assess the opportunities to leverage decision support in adapting to trends in the industry.
Decision Support and Use Cases
-Rapid changes in technology are impacting every facet of modern society, and the healthcare industry is no exception. Navigating these changes is crucial, whether you are currently working in the industry, hoping to step into a new role, or are simply interested in how technology is being used in healthcare. No doubt you have heard the terms, “machine learning” and “artificial intelligence” more frequently in the last few years - but what does this mean for you, or the healthcare industry in general? Keeping up with the changing trends, examining the potential use of decision support, and identifying some of the pain points that can be addressed, are some of the topics we’ll be discussing in this Module.
Predictive Modeling Basics
-Let’s navigate through what it takes to predict health outcomes and cost. What if we could use machine learning in your organization to reduce the cost of care for both the organization and the members receiving that care? Have you thought about what data you need to collect? How you might need to enrich that data to gain more insight in to what is driving those outcomes and cost? Or what types of machine learning algorithms you might utilize in order to most effectively target patients who are likely to be high cost? We are going to look at not only the tech behind the predictions, but also examine the business and data relationships within the healthcare industry that ultimately impact your ability to deliver an effective solution.
Consumerism and Operationalization
-Now that we have discussed various types of predictive models, let’s take a look at which models are appropriate for the business case we are trying to address and how we can evaluate their performance. For example, is using the same performance metric appropriate to use when making predictions about individual vs. population health? In this module we'll discuss how layering appropriate decision support methods on top of predictive analytics and machine learning can lay the groundwork for significant improvements in overall outreach and productivity, as well as decrease costs. Finally, we will discuss the key to blending decision support into the existing ecosystem of your business workflow and technology infrastructure.
Advanced Topics in Operationalization
-Now that we know the importance of decision support and predictive modeling, we are going to take that one step further. Not only do we need to predict, but more importantly, we need to prescribe. It is not enough to just implement alerts and reminders - we need to offer guidance and recommendations for healthcare professionals. Let’s take a look at how analytics can improve the patient experience and their overall health status.