Artificial Intelligence Product Portfolio in the Healthcare Industry

The value chain may be interpreted in different ways for the same industry. Please think through how this would apply to the following:

You are the Chief Technology Officer for the Midwest Cardiology Institute, the largest cardiology practice in the Midwest United States. With the increase of heart disease in the American population, there continues to be many more patients with heart health issues. This large increase in cardiology patients has tasked the cardiology sector of the health care system beyond its intended resources. The executive partners are seeking your consultation about the value of AI implementation.

You research AI and conclude it will add a tremendous value to the Midwest Cardiology Institute and the cardiology practices associated with the institute. Create a plan that you can present to the partners in the form of a memorandum. Your plan will demonstrate ways to apply the AI value chain to a cardiology medical practice (across the four phases) and indicate three areas where the value is applicable.

The memorandum should contain, in the least, the following sections:

Executive Summary

Background

Four Value Phases

Three Areas of Specific Applicability