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Adtalem Global Education CEO: AI Transforms Healthcare for Patients and Clinicians

Accelerating Healthcare Innovation

Artificial intelligence is reshaping the healthcare industry, driving innovation from advanced imaging analysis and drug discovery to comprehensive cancer screenings. As technology plays an increasingly critical role in streamlining healthcare operations, industry leaders like Adtalem are harnessing AI to address one of the most pressing challenges: a workforce burdened by administrative tasks.

Streamlining Administrative Demands

Leading companies such as Epic Systems are investing in AI-powered solutions that revolutionise patient interactions and clinical documentation. These AI features not only simplify appointment scheduling and lab result comprehension but also aid in real-time note-taking by predictively gathering relevant patient data, such as blood pressure trends. In parallel, a surge in venture capital has fuelled startups dedicated to easing clinician workloads by automating routine tasks—a trend underscored by Silicon Valley Bank’s report indicating that over 60% of healthcare-focused AI investments between 2019 and 2024 targeted administrative and clinical applications.

Empowering Clinicians in Patient Care

At the recent CNBC AI Summit, industry innovators highlighted the fundamental shift in healthcare: returning the focus to patient care. Abridge, recognised on CNBC’s Disruptor 50 list, has developed a platform that transcribes clinical conversations and integrates data from previous visits to enhance contextual understanding. As co-founder and chief technology officer Zachary Lipton observed, this technology is designed to reclaim valuable time for physicians, allowing them to dedicate more energy to patient interactions rather than burdensome documentation.

Developing a Future-Ready Workforce

Steve Beard, CEO of Adtalem Global Education, emphasised that administrative burdens remain the primary driver of burnout among healthcare professionals. To counter this trend, Adtalem has partnered with Google Cloud to launch a new AI credentials programme aimed at fostering digital fluency among clinicians, nurses, and other healthcare staff. This initiative, set to debut next year, will equip healthcare workers with specialised AI tools to improve clinical workflow efficiency and overall patient care.

Balancing Technological Advancement With Human Touch

Despite the rapid pace of AI innovation, experts assert that the human element in healthcare is irreplaceable. While automation can significantly reduce time-consuming tasks, the trust and rapport built between clinicians and patients remain inherently human. Beard remarked that, even as transformative technologies usher in changes, the core objective in healthcare is to ensure that clinicians can focus on providing compassionate, bedside care.

As the industry navigates this transformative era, the integration of AI in healthcare not only promises increased productivity but also calls for a renewed focus on workforce readiness. With strategic investments and comprehensive training programmes, AI has the potential to elevate both patient outcomes and clinician satisfaction in an increasingly digital landscape.

European Central Bank Report Highlights Stable Inflation and Economic Outlook

Overview Of Inflation Trends

The latest European Central Bank survey shows a slight decline in median inflation expectations over the next 12 months, decreasing from 2.8% in August to 2.7% in September. Despite this minor adjustment, consumer perceptions of past 12-month inflation have held steady at 3.1% for the eighth consecutive month. Long-term projections for three- and five-year inflation remain stable at 2.5% and 2.2% respectively.

Consumer Expectations Drive Income And Spending Projections

Across the board, expectations for nominal income growth over the upcoming year have remained consistent at 1.1%. However, there is a noticeable shift in spending behavior: while perceived nominal spending growth for the past year slipped slightly to 4.9% from 5.0%, expectations for spending growth over the next 12 months rose to 3.5%. Notably, lower income groups continue to forecast marginally higher spending increases compared to their higher income counterparts.

Stability In Economic And Labour Market Outlook

Economic growth expectations are modestly pessimistic, with respondents forecasting a contraction of -1.2% over the next 12 months. Concurrently, anticipated unemployment levels remain unchanged at 10.7% a year ahead, though the outlook varies by income, with lower income households expecting unemployment rates as high as 12.7%, while higher income groups maintain expectations around 9.4%. Overall, the slight difference between current and future unemployment suggests a broadly stable labor market outlook.

Housing Market And Credit Conditions

The survey also reveals an upswing in expectations related to the housing market. Home price growth expectations have edged higher to 3.5%, and anticipated mortgage interest rates have risen modestly to 4.6%. Similar to other metrics, expectations vary by income, with lower income households expecting higher mortgage rates. In recent months, a marginal decline in reported credit tightening over the past 12 months contrasts with a renewed forecast of tighter credit conditions in the forthcoming year.

Conclusion

The ECB’s latest findings underscore the delicate balance between stable long-term economic forecasts and short-term adjustments in consumer expectations. The slight dips in inflation expectations, alongside stable perceptions of past inflation, delineate a marketplace that is both cautious and measured. As income, spending, and housing market metrics continue to evolve, these indicators provide critical insights for policymakers and investors navigating an increasingly complex economic landscape.

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