According to a new poll and analysis from a healthcare data business Intelligent Medical Objects and a market researcher, an astonishing 90% of healthcare leaders reported losing money due to improper data use.
Based on the report, 84% of the 300 surveyed health providers responsible for purchasing and implementing technology at provider organisations reported using more than 20 individual healthcare software vendors, contributing to data silos as well as management nightmares.
The discovery comes as provider groups increasingly use artificial intelligence to fight clinician burnout and tech companies fund healthcare data management.
Data fragmentation, optimization problems, and complex technological integrations may be contributing factors to physician staff burnouts as hospital provider organizations struggle with staffing shortages and persistent worker tiredness in the wake of the COVID-19 pandemic.
According to the IMO survey, 65% of healthcare leaders experienced significant clinical staff burnout, while 45% expressed frustrating data difficulties within their businesses.
Healthcare AI has claimed to reduce data and software weariness, with the FDA speedily approving AI medical devices in the last year. The healthcare AI business, joined by digital heavyweights such as Amazon, Google, and Microsoft, has the ability to save the industry up to $360 billion annually, as per McKinsey and Harvard experts.
However, AI has had difficulty gaining general adoption, with 60% of U.S. adults saying in a Pew Research survey that they were uneasy with physicians employing AI techniques for diagnosis.
More than 80% of participants in the IMO research thought AI was overhyped, but 86% also reported adopting AI in their businesses, with a majority favourably evaluating AI’s ability to enhance administrative functions and clinical quality.
More than 90% of healthcare executives stated they expected to invest in software to combat clinician burnout and a potential economic downturn, with 65% planning to invest in process optimisation tools and 63% planning to spend on data enablement software.
The report also highlighted leaders’ problems with numerous software suppliers’ communication: 32% of respondents said that their main vendor issues were technology integration, with 29% reporting insufficient technology vendor training.