How Healthcare and Life Science Companies Are Using GenAI
Emily Kruger, chief innovation officer at Loka, discusses how healthcare and life science companies are gaining new efficiencies with generative artificial intelligence, from R&D to clinical drug trials.
Although healthcare is typically slow to adopt new technologies, healthcare and life sciences (HCLS) companies are ramping up adoption of generative AI.
From cancer research labs to the physician’s office, generative AI (GenAI) helps physicians create automated summaries and in drug discovery, GenAI models can interpret genomes as language and identity targets for drug discovery, says Emily Kruger, chief innovation officer at Loka, a consulting partner in areas such as artificial intelligence and machine learning, healthcare analytics and revenue cycle management.
In addition, despite some required safeguards, researchers at Mass General Brigham have discovered that ChatGPT could make the screening process quicker when searching for patients eligible for clinical trials.
At the AWS Summit in NYC earlier this summer, InformationWeek sat down with Kruger to discuss how healthcare and life sciences companies (HCLS) are using GenAI.
(Editor’s note: This interview has been edited for clarity and brevity.)
How far along are HCLS companies in their generative AI strategies?
I would say that healthcare and life sciences -- it depends on the size and the maturity of [organizations] -- have been a little bit slower traditionally in adopting new technologies, and we haven’t seen that trend as much in generative AI. In fact, I think a lot of our healthcare customers have been at the forefront of adopting these. Companies in regulated spaces maybe have already had better data privacy and data protections in place, so they may be better placed to take advantage of generative AI.
A lot of use cases can benefit from GenAI, particularly where there are large amounts of data, many of it being unstructured, or data that is more difficult to interpret. This ranges from medical insurance records or [electronic medical records] to using LLMs to understand and interpret genomic data and using that in the drug discovery process. There are many ways to unlock value from this data and use LLMs and foundation models more broadly.
You mentioned how healthcare and life sciences might be behind other industries in adopting other technologies, but at the same time they might be a good fit for GenAI because of their focus on privacy and governance. I'm wondering if you can elaborate on that.
A lot of these companies, of course, they’re governed by HIPAA; they're governed by various FDA clearances. As a result, they have had to have a sort of more structured approach to data in many cases. To take advantage of a lot of these technologies, having your data consolidated, well organized, protected in the first place if you're going to be using them with the models is kind of a prerequisite. And so some of that legwork has been done, in addition to the strong ROI that they see from working with the models.