Health/Tech Blog | Productive/Edge

CIOs and IT leaders must be bold to gain advantage with Agentic AI in Healthcare

Written by Raheel Retiwalla | Nov 14, 2024 1:00:00 PM

Healthcare organizations are under immense pressure to deliver high-quality, equitable, cost-effective care. As the industry grapples with increasing complexity and regulatory burdens, traditional technology solutions are proving to be  insufficient. The stakes have never been higher for CIOs and IT leaders.

Agentic AI offers a promising solution.

Unlike traditional AI, which relies on predefined rules and algorithms, Agentic AI empowers autonomous agents to learn, adapt, and make decisions in real-time. By leveraging the power of AI, these AI agents can streamline operations, improve patient outcomes, and enhance the overall efficiency of healthcare systems.

What does it mean for  CIOs and IT leaders?  

  • Enhanced Operational Efficiency: Agentic AI can automate routine tasks, reduce manual errors, and optimize resource allocation, freeing up valuable time for strategic initiatives.
  • Improved Patient Experience: By enabling personalized care, predictive analytics, and proactive interventions, Agentic AI can significantly enhance patient satisfaction and loyalty.
  • Data-Driven Decision Making: Agentic AI can analyze vast amounts of data to uncover hidden insights, enabling data-driven decision-making at all levels of the organization.
  • Accelerated Innovation: By fostering a culture of experimentation and innovation, Agentic AI can drive the development of new products and services, positioning your organization as a leader in the industry.

Let’s demystify Agentic AI together and explore how it can redefine healthcare processes. Understanding its role and the bold leadership required to unlock its unlimited potential is crucial for future advancements.

The Unique Power of Agentic AI

 

What is Agentic AI?

Agentic AI refers to intelligent systems built to create AI agents—autonomous entities capable of executing workflows, managing data, and solving complex problems with minimal human intervention. Unlike traditional AI solutions, these agents are not constrained to single tasks. They operate independently across processes, dynamically adapting to changing data and demands.

Consider how Agentic AI transforms healthcare processes:

  • Claims Processing: AI agents autonomously verify documentation, resolve discrepancies, and reduce approval times by up to 30%.
  • Care Coordination: Agents synthesize data from fragmented sources, ensuring timely interventions for high-risk patients and reducing readmissions.
  • Authorization Requests: By evaluating eligibility and expediting prior authorizations, agents can slash manual review times by 40%.

While automation has long held a place in healthcare, Agentic AI offers an enhanced, proactive approach—bridging gaps in data, streamlining workflows, and ultimately enhancing patient care.

Key Capabilities of Agentic AI

1. Orchestrating Tasks Autonomously

At its core, Agentic AI excels at orchestrating complex, multistep processes. For example, in care coordination, an AI agent doesn’t merely offer recommendations—it actively gathers data from various sources, identifies care gaps, and schedules follow-ups. This automation ensures continuity of care and reduces the burden on staff, who can redirect their focus to patient interactions and clinical decision-making.

2. Memory Retention for Consistent Care

Unlike traditional AI systems, which operate in silos, AI agents retain critical data over time, such as patient histories or care preferences. This memory capability enables agents to deliver personalized care and maintain consistency in chronic disease management or post-discharge interventions.

3. Seamless Tool Integration

Agentic AI integrates seamlessly with APIs, databases, and real-time systems, acting as an intermediary between disparate platforms. In practical terms, this means agents can automatically pull data from medical records and financial databases to streamline care plan approvals or ensure accurate billing.

Large Language Models (LLMs) and Agentic AI

A key enabler of Agentic AI’s potential is the use of large language models (LLMs). These models enhance agents’ abilities to interpret unstructured data, retain context, and make informed decisions based on previous interactions. By integrating LLMs:

  • Orchestrators process vast data sets to inform AI-driven workflows.
  • Memory systems recall critical information over time, ensuring personalized interventions.
  • Tool integrations enable coherent decision-making across diverse systems.
  • Workflow planning predicts necessary tools and next steps for complex tasks, reducing inefficiencies.

Whether through public models fine-tuned for healthcare or private, secure deployments, LLMs empower Agentic AI to address industry challenges head-on, balancing performance, privacy, and compliance.

Multi-Agent Systems in Healthcare

A compelling application of Agentic AI lies in multi-agent systems. Here, specialized agents collaborate on interconnected tasks, creating a synchronized network of autonomous operations. For example, one agent may manage patient data synthesis while another handles care plan updates. This interconnected approach reduces bottlenecks, enhances data accuracy, and ensures different departments function cohesively.

Real-World Examples of Agentic AI

  1. Claims Processing
    AI agents autonomously review claims, verify documents, and flag issues, reducing approval times by up to 30%. This streamlining allows healthcare teams to focus more on value-added tasks, such as patient care, while minimizing bottlenecks.

  2. Care Coordination
    AI agents pull data from multiple systems, giving care teams a holistic view of patient needs. This reduces gaps in care and prevents unnecessary hospitalizations by ensuring timely, data-driven interventions.

  3. Authorization Requests
    By automating prior authorizations, AI agents can evaluate resource utilization, apply rules for eligibility, and provide transparency, reducing review times by 40%.

Beyond Traditional Automation

To appreciate the transformational nature of Agentic AI, it’s helpful to compare it with more familiar automation solutions:

  • Beyond RPA Bots: While robotic process automation (RPA) bots follow predefined rules, AI agents dynamically adapt and modify workflows in response to changing conditions.
  • Not Just Chatbots: While chatbots handle simple interactions, AI agents can manage entire workflows autonomously, integrating data and coordinating complex tasks.
  • Multistage Workflows: Unlike traditional AI, which handles isolated tasks, AI agents engage in end-to-end workflow management, from patient admission to post-discharge care.

The Growing Industry Momentum 

The industry’s leading technology players are increasingly recognizing the potential of Agentic AI. For example:

  • Google is integrating fragmented data to enhance scalable AI applications.
  • Microsoft has launched autonomous agents to optimize complex workflows with minimal human intervention.
  • Salesforce is developing Agentforce, embedding AI agents into CRM systems for deep, AI-driven customer interactions.

These innovations align with Productive Edge’s AI Accelerators, which bring immediate value to healthcare by automating tasks such as claims processing, care coordination, and member engagement. By leveraging real-time data, dynamic workflows, and advanced AI capabilities, these accelerators offer measurable improvements without requiring complex overhauls.

Why CIOs and IT Leaders Should Act Now

The benefits of Agentic AI are clear: reduced operational inefficiencies, improved patient outcomes, and streamlined processes. With healthcare organizations facing growing challenges, from administrative bottlenecks to rising costs, bold leaders must act now to capture the value of these autonomous agents.

Agentic AI isn’t just a future trend—it’s a present-day opportunity to drive change. By integrating these agents into existing platforms, healthcare providers and payers can transform fragmented operations into cohesive, proactive systems that deliver lasting impact.

Bold CIOs and IT leaders can lead the charge by downloading our free  AI agents with our AI in Healthcare: A Readiness Guide For Senior Leaders to learn how to:

  • Assess your organization's AI maturity.
  • Identify high-impact use cases.
  • Develop a robust AI strategy.

Talk to an expert today to get a complimentary assessment of your specific needs and potential savings and schedule a demo to see our AI agents in action.