The vast majority of hospitals say they have an AI strategy, up from just half last year

• The demand for artificial intelligence tools is growing. According to a new study, 90% of hospital executives say they have implemented automation or artificial intelligence AI strategy, up from just 53% in 2019.

• COVID-19 is one of the most pressing factors. 75% of respondents said strategic AI and automation initiatives will be more or much more important in 2021 due to the pandemic.

• Implementing and scaling artificial intelligence in hospitals remains a challenge despite growing awareness and acceptance. This is based on a survey conducted by Sage Growth Partners, a healthcare market research firm, approved by the Artificial Intelligence Company Olive.

• The study contains some of the latest data suggesting increased priorities for such investments, especially in non-clinical applications, as hospitals seek to optimize downstream operations to reduce costs.

• In the Sage Growth 2019 study, only half of the hospital managers said they knew the concept of AI, while more than half were unable to identify an AI vendor or solution.

• The latest report, compiled from September to December last year, suggests that hospital directors are increasingly focused on automation and reporting good returns on investment.

• 75% of respondents said that automation has become more important, emphasizing the need to reduce unnecessary costs, especially considering the negative financial impact of the pandemic. A recent Kaufman Hall report said service providers could continue to be overwhelmed by above-average spending this year after cases soared over the winter. It is estimated that US hospitals could lose between $ 53 billion and $ 122 billion in income.

• Concerns about current expenses may prompt management to look for cost-saving technologies.

• More than half of respondents (56%) reported a double or greater return on investment in AI technologies.

• Despite growing interest, delivering technology to hospitals remains a problem in an industry that is often criticized for failing to align with the digital curve.

• According to Sage Growth, only 7% of hospital AI strategies are fully functional, while only 6% of respondents said they have 10 or more use cases in their facilities.

• 44% of respondents said the two main challenges with implementation were resource constraints, such as lack of implementation support staff and difficulty finding the best processes to automate.

• Besides, the concept of AI in healthcare has raised many concerns, especially when the software is used in clinical applications.

• The Food and Drug Administration released an action plan for regulating artificial intelligence in medical devices in January amid concerns over algorithmic errors that could exacerbate existing differences in healthcare.