The healthcare industry generates tremendous amounts of unstructured data – digital forms, pdf reports, online portals, emails, chatbots, and text messages. The amount of data generated across these channels is too huge to measure and too comprehensive for a human to consume. And due to the unstructured format of these datasets, they are not readily analyzable and often remain siloed. This is why a growing number of healthcare providers embrace Natural Language Processing (NLP) to give structure to the unstructured data contained in electronic health records (EHRs) and provide the patients with more comprehensive care. According to a recent report, the global NLP in the healthcare and life sciences market is expected to grow from USD 1.8 billion in 2021 to USD 4.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.0% (source).
NLP is a specialized part of artificial intelligence that helps computers comprehend and interpret unstructured data. The healthcare industry is increasingly adopting natural language processing solutions due to its recognized capabilities to search, analyze and interpret colossal amounts of patient information. The usage of advanced medical algorithms and NLP technologies can harness relevant concepts and insights from unstructured data. NLP facilitates the healthcare providers to automate the managerial job, enhance patient care, and enrich the patient’s experience. According to KMG, with NLP, text data is tokenized, lemmatized, and other feature extraction activities are done. To know more, please visit https://kmgus.com/.
Natural language processing solutions have an enormous capability to streamline work and enhance care delivery. Here at Key Management Group Inc., we are committed to helping healthcare organizations manage data using NLP solutions.