GE HealthCare and Mass General Brigham Collaborate to Develop AI Algorithms to Enhance Radiology Operations

Sep 10, 2023 00:03 CST Updated 00:03

GE Healthcare

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Mass General Brigham

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Source: Imaging Tech; Editor: Jacky

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On September 6, 2023, GE Healthcare (NASDAQ: GEHC) and Mass General Brigham (MGB), a top U.S. medical institution, announced that they would jointly develop artificial intelligence (AI) algorithms as part of their initial collaboration. The algorithm will help improve the operational efficiency and productivity of medical imaging.

# GE Healthcare Collaborates with Mass General Brigham to Develop AI Algorithms

The first innovative artificial intelligence application produced by this collaboration is the schedule prediction dashboard for the Radiology Operations Module (ROM). This is a digital imaging tool that helps optimize scheduling, reduce costs, and free providers from administrative burdens, allowing more time for clinical patient-provider relationships. ROM is commercially available for healthcare institutions.

ROM (Radiology Operations Module) refers to a module or system used for managing and optimizing the operations of a radiology department. This module is typically part of a Medical Information System, designed to help healthcare institutions effectively manage workflows and resources in the radiology department. Its functions include appointment management, image management, workflow management, resource management, performance indicators, and reporting.

GE Healthcare Chief Artificial Intelligence Officer Parminder Bhatia stated that the collaboration with Mass General Brigham is groundbreaking, as the vast amount of data and heavy workloads may distract healthcare providers from patient care. By integrating unique datasets and cutting-edge machine learning methods, and leveraging the synergy of clinical and technical expertise, the healthcare system is ushering in unprecedented advancements.

# AI Operation Tools Can Optimize Patient Care Models

Insights and recommendations driven by AI and machine learning that have actionable value are designed to help improve productivity and management efficiency within departments and enterprises. According to a report by industry market analysis firm Mercer, by 2025, the United States is expected to face a shortage of approximately 446,000 home health aides, 95,000 nursing assistants, 98,700 medical and laboratory technicians, and more than 29,000 nurse practitioners. Health systems will need to rely on technology to help address some of these challenges.

AI Operation Tools Can Address Challenges That Often Threaten Patient Care, Such as Cost of Care Issues and Hospital Inefficiency. The impact can be significant when patients miss appointments, fail to schedule follow-ups, or are late, also known as Missed Care Opportunities (MCO).The algorithm jointly developed by both parties aims to predict MCO and the probability of tardiness, which helps enhance flexibility, streamline administrative operations, improve patient satisfaction, and better accommodate the needs of emergency, inpatient, or scheduled visits.In preliminary tests, the algorithm was able to correctly predict MCO with an accuracy rate as high as 96%, and with a limited false positive rate.

Dr. Keith Dreyer, Chief Data Science Officer of Mass General Brigham, stated that utilizing AI operational tools and machine learning can unite suppliers and streamline datasets. The strategic application of artificial intelligence offers tremendous potential for the future of healthcare, with the technology potentially reducing professional burnout, allowing doctors more time to care for patients, and ultimately leading to better treatment outcomes.

GE Healthcare and Mass General Brigham signed a 10-year commitment to drive innovation for the first time in 2017, aiming to explore the application of artificial intelligence across a wide range of diagnostic and treatment paradigms. The two parties are working to develop artificial intelligence to support each patient's treatment journey.

# About Mass General Brigham

Mass General Brigham (Mass General Brigham) is one of the largest healthcare systems in Massachusetts, USA, headquartered in Boston. It is a non-profit organization composed of multiple medical institutions, including Massachusetts General Hospital and Brigham and Women's Hospital.

Moreover, Mass General Brigham is one of the largest and most prestigious academic medical centers in the United States, with an annual research investment of nearly 20 billion U.S. dollars, more than 80,000 employees, and has produced 13 Nobel Prize winners.

# About GE Healthcare

On January 4, 2023, GE Healthcare (Nasdaq: GEHC) announced that the previously announced spin-off from GE Group (NYSE: GE) has been completed. GE Healthcare will begin trading on the Nasdaq Stock Exchange as an independent company with the ticker symbol "GEHC," effective at the opening of the market. GE Healthcare became the first company in Waukesha, Wisconsin, to remotely ring the Nasdaq opening bell for its IPO.

GE Healthcare has approximately 51,000 employees worldwide, serving over 1 billion patients annually across more than 160 countries. GE Healthcare operates in four business segments —— Medical Imaging, Ultrasound, PCS (Patient Care Solutions), and Pharmaceutical Diagnostics.

On July 25, 2023, GE Healthcare (Nasdaq: GEHC) released its second-quarter financial report, showing revenue growth across all segments, surpassing market expectations.Total revenue of $4.8 billion, a year-over-year increase of 7%, with organic growth of 9%. Net income attributable to GE Healthcare was $418 million, with a net profit margin of 8.7%.Driven by continuous global customer demand, the company's total orders organically grew by 6%.

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