GenAI is poised to transform healthcare. Is healthcare ready?

The fast-moving tech’s revolutionary potential promises to redefine a massive industry and its slow-mover history—and the stakes have never been higher.

Healthcare and Life Sciences

In this timely piece, the authors explore that transformative technologies—and, most uniquely for Healthcare, GenAI—can open the floodgates on decades of untapped opportunities and transform the “way we’ve always done it” Healthcare industry into a dynamic engine of growth and life-changing innovations.

Proven AI tools and applications exist today that are driving dynamic new opportunities (and results) for other industries and transforming the way myriad other businesses meet consumers’ needs. Now it’s Healthcare’s turn. Companies must challenge their organizations to meet this massive opportunity head-on—or risk obsolescence. Of course, there is a need to stay mindful of ethical concerns and establish appropriate guardrails, but healthcare organizations need the entire workforce to lean into the transformation. The stakes have never been higher: GenAI is a once-in-a-generation opportunity for the entire industry to reset the direction of Healthcare, reduce costs, improve outcomes, and forever transform the way Americans live.

Dive into our thinking:

Generative AI is poised to transform healthcare. Is healthcare ready?

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Drew Corrigan
Partner, Audit Sector Leader – Healthcare, KPMG US

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