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Revolutionizing Healthcare: AI’s Role in Reducing Clinician Burnout and Improving Patient Outcomes

As the founder and chairman of The Allure Group, a network of six New York City-based nursing homes, Joel Landau has seen firsthand the impact that the COVID-19 pandemic has had on healthcare professionals. Despite the challenges, Landau and his leadership team have remained committed to using cutting-edge technology to improve the lives of both residents and staff.

One example is the use of Samsung tablets at every bedside, allowing residents to communicate with loved ones during lockdowns. The Allure Group also makes use of hand-held remote monitors from Vis-a-Vis Health, which enable residents to receive appropriate transitional care upon discharge. It has a state-of-the-art robotics suite to aid residents in their rehabilitation from various issues.

Given his organization’s commitment to technology, it should come as no surprise that Landau is fully on board with using artificial intelligence (AI) to aid clinicians afflicted with burnout. The Medscape National Physician Burnout & Suicide Report 2021 found that 42 percent of physicians believed they were burned out, with those in critical care (51 percent), rheumatology (50 percent), infectious diseases (49 percent), and urology (49 percent) heading the list.

The Association of American Medical Colleges (AAMC) reports that there will be a physician shortage of as great as 139,000 by 2033, while the International Council of Nurses (CN) foresees the global nursing workforce shrinking by at least 10 million by the end of the decade.

With this, AI can help reduce the administrative burdens that are a primary cause of burnout among healthcare professionals. One study showed that 84 percent of American healthcare systems began using AI or were planning to do so in 2020, up from 45 percent just a year earlier. The top uses were predictive analytics for early intervention, clinical decision support, and collaboration among multiple specialists.

Another study concluded that the healthcare AI market, valued at $3.9 billion in 2019, is expected to reach $23.8 billion by 2026, growing at a compound annual growth rate of 32.2%. Landau believes that AI can increase efficiency, reduce clinician burnout and improve patient outcomes. By putting people over paperwork, Landau’s leadership team at Allure is leading the way in using technology to improve healthcare.

 

Why are artificial intelligence companies so hot right now? Helios Life Enterprises is a prime example of this growing trend

Artificial intelligence (AI) is a hot topic for businesses. AI capabilities are extending the possibilities for how firms approach real-time consumer engagement and operations management. CompTIA reports that 86% of CEOs consider AI mainstream technology in the workspace. Forbes shares that 50% of companies plan to increase their investment in AI and machine learning. Fortune Business Insights also shares that the global AI market is expected to reach $641.3 billion by 2028.

The expansion and innovation of using AI have made the space rife with discourse. Helios Life Enterprises and their application of AI in vocal tone analysis has garnered much attention from businesses, particularly on Wall Street, and have made them a prime example of why AI companies are seeing a lot of growth.

What they do

Helios Life Enterprises have carved a niche in the AI and FinTech space. No other company analyzes the vocal tone of executives to help in investment decision-making in the financial sector. Their technology provides users with emotional information leaked through the voice, which is very difficult to alter and hide. This is revolutionary, given the scripted nature of corporate executives’ speeches and responses during earnings calls and corporate presentations.

The company’s latest offering, Comprehend: Composites, provides investors access to voice tone analytics. The product suite gives users a more comprehensive understanding of what is being discussed in earnings calls and presentations that aren’t readily available at face value and text. Composites provides investors with tonal analysis insights for almost every public US company.

Composites helps investors understand the entire conversation – 40% more, to be exact – through cutting-edge analysis. The tone of voice accounts for 40% of human communication, simply too much to ignore.” CEO Sean Austin shares.

The application of this technology is not limited to finance but to other industries. Chief Scientific Officer Dr. Gerwin Schalk shares, “In addition to the work we do in the financial sector, we are actively investigating use cases in the consumer insights/marketing domains.” 

How Helios changes the game

Applying AI in vocal tone analysis will revolutionize how people gather information. Helios’ application of this technology in the financial sector has already produced tangible results. The launch of their Comprehend: Elite product has drawn a lot of interest from investors, and this is poised to continue with the launch of the aforementioned Composites product suite.

Helios’ technology provides users and early adopters with a competitive advantage in the investment decision-making process. The product provides insights that would be otherwise unavailable through traditional text-based analysis. Investors and analysts alike have already taken notice.

Investors have backed the company’s crowdfunding campaign on Republic, raising 155% of its initial goal. TechCrunch also recognized the company through its inclusion in the Startup Battlefield 200. According to Austin, the TechCrunch inclusion is a testament to Helios’ unique innovations in the domain of voice tone.

AI has the potential to expand people’s understanding of information and intelligence. It has the possibility of helping people gain greater emotional awareness and put this to practical use. AI, like Helios’ vocal tone analysis, is set to add another dimension to processing information.