April 22, 2024, 4:01 p.m. | ODSC - Open Data Science

Stories by ODSC - Open Data Science on Medium medium.com

Let’s see some captivating facts first. The generative AI market in healthcare peaked at over $1 billion in 2022. Forecasts show a growth of 36.7% from 2023 to 2030.

A study shows that administrative expenditure in the healthcare sector accounts for approximately 15–30% in the US. What’s more, around half of the expenses are borne by the hospitals.

Even these figures are too low because they do not account for non-dollar indirect costs experienced by patients and their families, …

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