DefinePK

Abstract

The integration of AI-driven data analytics into healthcare business models has emerged as a transformative approach to improving patient outcomes, optimizing operational efficiency, and enhancing financial sustainability. This study investigates the impact of AI-powered predictive analytics, automation, and patient engagement strategies on key healthcare performance metrics. Our findings indicate that AI models significantly reduce patient readmission rates, with Artificial Neural Networks (ANN) achieving an accuracy of 88.1% in predicting hospital readmissions. This led to an estimated €900 million in cost savings over five years due to reduced readmissions. AI-based operational improvements also resulted in a 44.4% reduction in patient wait times and a 40% decrease in staff overtime hours, optimizing workforce allocation. Financially, AI automation reduced administrative costs by 30%, generating €2.3 million in annual savings, while AI-driven patient engagement strategies increased follow-up rates by 15%, leading to an additional €120 million in revenue over five years. AI chatbots and telemedicine services further enhanced patient adherence, decreasing appointment no-show rates by 50% and improving patient follow-up rates by 25%. These results highlight the potential of AI to revolutionize healthcare business models by reducing costs, improving resource utilization, and enhancing patient-centric care. However, challenges such as data privacy, integration with legacy systems, and ethical concerns must be addressed to ensure the widespread adoption of AI in healthcare. Future research should focus on privacy-preserving AI models, real-time decision support systems, and scalable AI-driven solutions for diverse healthcare settings.