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Artificial Intelligence (AI) is revolutionizing the healthcare industry, with the potential to transform the economy and the world we live in. With US healthcare spending projected to reach $6.8 trillion by 2030, the need for innovation to make high-quality care more affordable and accessible is urgent. AI technologies are poised to accelerate the transition to value-based care, reducing the cost of care delivery and allowing physicians to focus on high-quality care. These technologies also have the potential to reduce administrative spending through automation, with estimates of healthcare savings as high as $200-$360 billion. With AI technology advancing rapidly, we are seeing applications in drug discovery, diagnostics, and ambient scribing for providers. As computing power continues to grow and the market for AI expands, the future looks promising for the healthcare system.
