Monday 15 January 2023 For immediate release
i5 Health Ai leads the way in showcasing UK Healthcare data analytics
The use of “smart” Artificial Intelligence technology is one of the key new methods now helping the healthcare sector manage future needs and costs.
London-based AI tech firm i5 Health Ai has been chosen by Healthcare UK (a government department formed by the Department of Health and the Department of International Trade) to feature in the top 100 technology companies in the England.
The i5 Health Ai AI technology is the brainchild of Prof Dr Harald Braun. It provides vital healthcare intelligence to NHS England by identifying undiagnosed patients, matching patients to out-of-hospital interventions and even predicting expected outcomes should existing symptoms not be addressed in time.
The combination of Big Data and the i5 AI algorithmic systems help support population health management and actually identify individuals who have an undiagnosed long-term condition such as atrial fibrillation, heart failure, diabetes, etc.
The use of smart technology to deliver the very growing need for efficiency and improvement in healthcare has resulted in i5 Analytics offering three principle services. These are Commissioning Opportunity (COP), Pre-Diagnosis Predictor (PDP) and Targeted Social Prescribing (TSP) which help the NHS recognise gaps in services as well as anticipate future demands on a service.
Dr Braun, Operations Director of i5 Health Ai, said: “These are exciting times as the development and honing of smart AI technology to healthcare needs improves and expands. We have deep-seated connections in the health service built up over the past fifteen years. Administrators and clinicians are now realizing just how useful this technology can be in helping improve patient service and outcomes. That said, the i5 algorithms can be also be used across other industries too, like insurance or banking.”
The firm i5 Health Ai was set up as a specialist AI spin out from i5 Health founded in 2011.
i5 uses its most up-to-date Big Data asset, the Hospital Episode Statistics/Secondary Uses Services medical data, to develop algorithms for the NHS.
On a broader level, the whole issue of using AI in healthcare delivery and analysis has been brought into sharp focus globally in the past couple of years.
McKinsey reports that AI is one the current megatrends emerging from the broad digitalization of society and the economy. These ‘smart’ technologies have mainly attracted the attention of e-businesses, consumer goods sectors and the motor industry. A similar development is now taking place in the healthcare sector.
Accenture believes AI is a “self-running engine” for growth in Healthcare. According to its analysis, health applications can potentially create 150 billion USD in annual savings for the US healthcare economy alone by 2026.
PwC concludes that: “Unprecedented increase in the volume of patient healthcare data has left the industry struggling to put that data into practical use. Artificial Intelligence (AI) with its capability to draw ‘intelligent’ inferences based on vast amounts of raw data, may hold the solution. Follow the money and you’ll see big bets on healthcare AI across the globe: 63% of healthcare executives worldwide already actively invest in AI technologies, and 74% say they are planning to do so”.
Dr Harald Braun has more than 25 years experience in the analytics and technology innovations field. He is a professor in Health Economics and AI in Healthcare, has a PhD in Artificial Intelligence and Algorithms, is certified in General Insurance by the London Chartered Insurance Institute (CII) and is certified by Microsoft in databases and software design (MCAD) and has a Dipl-Ing from Germany in digital communications systems.
He has spent the past fifteen years in the service of the NHS, latterly with i5 of which he is the founder. More recently he has been leading engagements for i5 in London, East of England, Sussex, Kent, Merseyside, the East and West Midlands and Liverpool City identifying areas for improvements through AI and advanced analytics resulting in better patient care.
He has also previously worked as a Solution Scientist for the Humana Group, is the former senior IT architect for Xchanging for Lloyds of London in the reinsurance market and was developing algorithms for ratings agency A.M. Best.
Deborah Cavanagh St James Financial Communications Tel: +44(0) 7779 160 458