Doctors Use AI to Fight Burnout, Plus Eric Hippeau on AI Healthcare Use Cases 8/7/23

TechCheck

CNBC

Disruptors, Cnbc, Investing, Tech, Management, Business, Technology, Faang

4.5 • 66 Ratings

🗓️ 7 August 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Artificial intelligence is now disrupting one of the biggest headaches in healthcare – paperwork. Medical notes take doctors and nurses hours every day, and cut into time with patients. The National Bureau of Economic Research estimates that using AI for administrative tasks could save the U.S. health system $200 billion to $300 billion a year. Plus, Eric Hippeau, one of the leading venture capital investors in the healthcare industry, says there's a huge use case for AI, including opening access to primary care - but estimates we're still in the second inning and warns we're not at a stage yet where AI can reliably replace workers.

Transcript

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0:00.0	AI is not only disrupting the tech sector in the market but now the health
0:04.7	industry with old-fashioned medical records technology now being phased out
0:08.8	giving doctors less time with paperwork and more time with patients.
0:13.0	Our Bertha Coombs has that story for today's tech check.
0:16.0	You don't look like you feel good today.
0:18.0	Dr. Tachella Johnson Foy starts patient visits by pulling out her phone.
0:23.0	It listens in on our visit so that I can pay more attention to you.
0:27.2	Are you comfortable with me using it?
0:29.2	Using Nuances Dax app has freed Foy from typing when she's seeing patients.
0:34.2	The AI program writes her patient summaries for her, which has freed her from...
0:38.8	Pajama time, which is... should be the time where you're getting ready to wind down and go to bed.
0:45.8	We're usually still charting and noting and doing things that are going to enhance the life of the patient,
0:52.0	but not necessarily our own quality of life.
0:54.7	At Baptist Health in Jacksonville, harnessing generative AI programs to help doctors and nurses
1:00.1	fight burnout is a top priority.
1:02.6	There's new economies of scale and economies that health care will be able to get into
1:06.9	leveraging AI because you simply...
1:08.9	Because you eliminate all the administrative redundancy and bureaucracy overhead and you allow folks to work type of license.
1:15.0	Using AI to reduce administrative tasks could help hospitals cut total costs by 5 to 11 percent in the next five years,
1:22.0	according to a National Bureau of Economic Research
1:24.8	study, for physician groups up to 8% and for health insurers 7 to 10%, though
1:30.4	the upfront investment isn't cheap.
	...

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