Artificial Intelligence In HME

WE ARE LIVING IN THE AI REVOLUTION

November 30th 2022.
Everything changed.

AI is the new cellphone. Early adopters will have an enormously unfair advantage because soon, it will be part of our daily lives.

On November 30th, 2022,  everything changed! Generative artificial intelligence became accessible to the public for free! 

WHAT

Is Artificial Intelligence?

Artificial Intelligence (AI)

Any technique that enables computers to mimic human intelligence, using logic, if-then rules, decision trees, and machine learning,

Deep Learning

A subject of ML that allows software to train itself to perform tasks, like speech and image recognition, by exploring multilayered neural networks to vast amounts of data.

Machine
Learning (ML)

A subject of AI that enable machines to improve at tasks with experience.

The AI Revolution

The global market for AI in healthcare was $1B in 2007.

It is expected to exceed $28B by 2025.

The market growth is driven by
genertive AI capabilities

Why you should care:

AI is drastically changing our world. It has been proven to identify relationships that escape human detection. It has the ability to process data more quickly and detect aspects of reality that humans have not, or possibly cannot, detect…powerful!

AI is already a massive part of society ranging from smart assistants, navigation apps, manufacturing robots, customer service bots, to personalized search results. The age of AI is here.

What implications does AI have for the HME industry?

improved physician notes/orders

payer efficiencies

reimbursement

business functions

Top ways business owners use Artificial Intelligence

Forbes Advisor surveyed business owners to find out how they currently use or plan to use AI within their business

Customer Service
56% 100%
Cybersecurity / Fraud management
51% 90%
Digital personal assistants
47% 83%
Customer relationship management
46% 80%
Inventory management
40% 70%
Content production
35% 60%
Product recommendations
33% 55%
Accounting
30% 50%
Supply chain operations
30% 50%
Recruitment and talent sourcing
26% 44%
Audience segmentation
24% 40%

Source: Forbes Advisor • Embed

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