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January 26, 2023
Authors
David Burda
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Innovation Outcomes
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4sight Roundup Podcast Podcasts

Podcast: Did ChatGPT Write This Podcast on AI and Healthcare? 1/26/23

Advanced Technology

We talked about AI’s potential to reduce healthcare spending and to improve the patient experience on a new episode of the 4sight Health Roundup podcast. Sponsored by Infor.

  • David Johnson is CEO of 4sight Health.
  • Julie Vaughan Murchinson is Partner of Transformation Capital and former CEO of Health Evolution.
  • David Burda is News Editor and Columnist of 4sight Health.

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Thanks to our sponsor, Infor. By connecting the business and mission sides of healthcare, institutions can enhance staff experience and simplify patient interactions. With data-driven insights and greater operational control, Infor supports your company in making healthcare a calling again for your staff. Learn more here.

  

Read what ChatGPT gave Dave Johnson below.

How will ChatGPT disrupt U.S. healthcare in the next five years, specifically how much money will it save? Give me three paragraphs.

It is difficult to predict exactly how much money ChatGPT will save the U.S. healthcare system in the next five years, as it will likely depend on the specific applications and use cases that it is implemented for. However, it is likely that ChatGPT could have a significant impact on the healthcare system by streamlining processes and improving efficiency.

One potential application of ChatGPT in healthcare is in automating administrative tasks, such as scheduling appointments and filling out medical forms. By using natural language processing, ChatGPT could understand and respond to patient inquiries, reducing the need for human staff to handle these tasks. This could lead to cost savings for healthcare providers by reducing labor costs.

Another potential application of ChatGPT in healthcare is in triage and diagnosis. By using machine learning and natural language processing, ChatGPT could assist healthcare professionals in quickly and accurately identifying potential health concerns. This could lead to cost savings by reducing the need for unnecessary tests and procedures and by allowing patients to receive prompt and effective treatment. Overall, the implementation of ChatGPT in the healthcare system has the potential to greatly improve efficiency and reduce costs.

Could you give me a ballpark savings figure?

It is difficult to provide a specific savings figure for the potential use of ChatGPT in the healthcare system, as it will depend on the specific implementation and use cases. The savings will also depend on the size and structure of the healthcare organization, the current processes in place and how well ChatGPT is integrated into the organization.

Additionally, the savings from the use of ChatGPT will also depend on the cost of implementation and maintenance of the technology.

However, it is worth noting that according to a recent study by Accenture, the potential savings for the US healthcare industry from the use of AI technologies, including natural language processing, could reach up to $150 billion per year by 2026.

About the Author

David Burda

David Burda began covering healthcare in 1983 and hasn’t stopped since. Dave writes this monthly column “Burda on Healthcare,” contributes weekly blog posts, manages our weekly newsletter 4sight Friday, and hosts our weekly Roundup podcast. Dave believes that healthcare is a business like any other business, and customers — patients — are king. If you do what’s right for patients, good business results will follow.

Dave’s personnel experiences with the healthcare system both as a patient and family caregiver have shaped his point of view. It’s also been shaped by covering the industry for 40 years as a reporter and editor. He worked at Modern Healthcare for 25 years, the last 11 as editor.

Prior to Modern Healthcare, he did stints at the American Medical Record Association (now AHIMA) and the American Hospital Association. After Modern Healthcare, he wrote a monthly column for Twin Cities Business explaining healthcare trends to a business audience, and he developed and executed content marketing plans for leading healthcare corporations as the editorial director for healthcare strategies at MSP Communications.

When he’s not reading and writing about healthcare, Dave spends his time riding the trails of DuPage County, IL, on his bike, tending his vegetable garden and daydreaming about being a lobster fisherman in Maine. He lives in Wheaton, IL, with his lovely wife of 40 years and his three children, none of whom want to be journalists or lobster fishermen.

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