How ChatGPT’s Machine Learning Might Help Your Family Doctor
The Canadian healthcare industry has been experiencing a rapid growth of innovation, with new technologies like OpenAI’s ChatGPT having a significant impact. In addition, Canadian companies are leveraging machine learning to develop new therapies, diagnostics and patient platforms.
Efficiencies in Healthcare
With prevailing inefficiencies in the healthcare industry, doctors are spending considerable amounts of time doing paperwork and filling out forms. Recent studies have estimated that doctors spend up to half of their work hours on administrative work each year. AI and machine learning tools like ChatGPT can help automate these repetitive tasks, such as filling out forms and writing requisitions and referral letters. This can create significant value by saving time for doctors, allowing them to focus on patient care.
Personalized Treatment
With the growth of machine learning and sophisticated algorithms, personalized medicine has become a reality in many aspects. In women’s and children’s health, we’re seeing tailored treatment plans thanks to AI and machine learning. In prenatal care, there are new tools for diagnosing anomalies in pregnancies through AI, allowing for positive health outcomes and a more equitable health system.
Data Integration
People are becoming more comfortable with using technology to track and monitor their health, but there aren’t as many connection points for them to use that data with their family doctor. AI and machine learning tools can be used with proper guardrails and patient consent to sync the data with doctors’ records, helping with diagnosis and prescribing. This way, doctors can make more accurate treatment plans with the help of analyzed data.
Funding for Health Innovation
The focus on health innovation in Canada has led to a significant increase in available funding. Even though there’s been a slowdown in venture capital funding, there’s still funding available. Management teams in the life sciences space just have to be more resourceful and explore all possible avenues of funding, including corporations, non-dilutive sources, foundations, and disease-specific funders. Building deep relationships with investors who want to make an impact in the healthcare industry is also vital to securing funding.
Overall, the use of AI and machine learning tools like ChatGPT in healthcare has the potential to provide significant value. They can create efficiencies in the healthcare industry, lead to personalized treatment plans, and help doctors make more informed treatment decisions thanks to analyzed data.
