AI has ‘untapped potential’ for entrepreneurs

AI applications in healthcare are just ramping up, allowing for an influx of entrepreneurs, according to a new report from Entrepreneur.

“This technology stands on the cusp, ready to improve nearly every industry; and it offers a myriad of opportunities for entrepreneurs able to imagine and execute new applications for the future,” wrote guest writer Brian Hughes, CEO of Integrity Marketing & Consulting.

The healthcare-focused AI market is expected to grow into a $36.1 billion industry, which translates to 50 percent growth through 2025. Financing for AI-based technologies is also increasing, as AI is already used in a variety of clinical settings—and frequently in imaging. But Hughes noted there is “untapped potential” which could bring “a wealth of opportunities” specific to entrepreneurs. 

“From research to diagnosis and treatment, the AI applications in healthcare have barely scratched the surface, leaving a wide field for entrepreneurs to enter,” Hughes said.

To read the story, click the link below.

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As a senior news writer for TriMed, Subrata covers cardiology, clinical innovation and healthcare business. She has a master’s degree in communication management and 12 years of experience in journalism and public relations.

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Given the precarious excitement of the moment—or is it exciting precarity?—policymakers and healthcare leaders must set directives guiding not only what to do with AI but also when to do it. 

The final list also included diabetes drugs sold by Boehringer Ingelheim and Merck. The first round of drug price negotiations reduced the Medicare prices for 10 popular drugs by up to 79%. 

HHS has thought through the ways AI can and should become an integral part of healthcare, human services and public health. Last Friday—possibly just days ahead of seating a new secretary—the agency released a detailed plan for getting there from here.