Thursday, 13 April, 2023

Using AI to estimate the cost of a medical procedure

<p>Healthcare providers in the US have used AI and ML algorithms to forecast the cost of healthcare supplied to a specific patient. A model was trained to predict how much it would cost if a patient with X sickness stayed in the hospital for 4 days using historical health data, data from insurance companies, and a few other sources. While Indian hospitals and health-tech businesses may not be focusing on these issues right now, one of them has taken steps to estimate surgery costs.</p>