As the healthcare sector faces increasing burnout and a potential workforce shortage, organizations are looking for ways to fill staffing gaps while improving patient care. Forrester research highlights key differentiators in modern and future-fit healthcare organizations that set them up for success in the current landscape.1 The report found that future-fit organizations support their employees with productivity-driving technology that enables them to streamline workflows and offset administrative tasks. By creating technology-enabled and modern workforces, these organizations were able to ensure patients were engaged in their care and would continue coming back for future appointments.
Microsoft commissioned Forrester Consulting to interview 20 representatives at 16 organizations and conduct a Total Economic Impact™ (TEI) study to better understand the benefits associated with the investment in Microsoft Azure OpenAI Service.2
In the full TEI study, Forrester found that an industry-agnostic composite organization would see increased engagement with customers or patients that results in improved retention and customer growth. The composite also experiences employee labor savings from both AI-powered content generation and improved contact center performance. In total, the composite experiences risk-adjusted financial benefits ranging between $45.9 million and $197.4 million over three years.
This abstract will focus on the healthcare sector’s use of Microsoft Azure OpenAI Service and its value to their organizations.
As part of the broader TEI study, Forrester interviewed four representatives of two healthcare organizations with experience using Microsoft Azure OpenAI Service:
Prior to engaging with Microsoft Azure OpenAI Service, the interviewees’ organizations relied on manual processes for a variety of common tasks, such as medical record documentation, billing, insurance claims processing, and patient communication. The labor-intensive tasks led to process inefficiencies and increased administrative expenses. Ultimately, both challenges inhibited the organizations from delivering best-in-class patient service, which negatively impacted patient experience.
Microsoft Azure OpenAI Service facilitates custom AI application development with Microsoft’s underlying AI infrastructure. This strategy enables AI to impact as many applications, business processes, and employees as possible while still being accessible and manageable for AI developers.
*For the composite organization presented in the full TEI study
The interviewees’ organizations adopted Azure OpenAI Service to ameliorate various challenges in their legacy environments, including:
The results of the investment for the interviewees' organizations include:
Topline growth. Healthcare organizations cited examples of how their use of Microsoft Azure OpenAI Service solutions provided the level of patient service that drove differentiation in the market.
The interviewees’ organizations also hoped to see an impact more widely in how patients interacted with healthcare providers. The digital strategy professional at the hospital said: “For a health issue where 80% to 90% of cases are actually normal, having to wait days or even a week later to get the result can be frustrating. With AI, you can just wait an hour, go get coffee, and the result is ready. There is no need to make another appointment.” Interviewees said easing patient frustrations encourages better provider and patient relationships that can result in patients being more likely to stick with their existing healthcare providers.
Operational efficiencies. Azure OpenAI Service expedited internal processes and automated certain tasks to provide operational efficiencies in a few different areas including customer support and marketing.
Additionally, the digital strategy professional at the hospital outlined how in the long term, their organization hopes to create an Azure OpenAI Service-based chatbot that would allow patients to access their medical information independently and securely. The interviewee stated: “There is a huge opportunity to transform customer support [with AI]. The goal is to have an OpenAI chatbot that has access to data from medical records and medications.”
*For the composite organization presented in the full TEI study
Improved service delivery. Ultimately, refocusing organizational efforts on growth opportunities and providing operational efficiencies resulted in faster and better-quality service delivery.
Readers should be aware of the following:
This study is commissioned by Microsoft and delivered by Forrester Consulting. It is not meant to be used as a competitive analysis.
Forrester makes no assumptions as to the potential ROI that other organizations will receive. Forrester strongly advises that readers use their own estimates within the framework provided in the study to determine the appropriateness of an investment in Microsoft Azure OpenAI Service.
Microsoft reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester’s findings or obscure the meaning of the study.
Microsoft provided the customer names for the interviews but did not participate in the interviews.
1 Source: The State Of Future Fit In Healthcare, 2023, Forrester Research, Inc., July 11, 2023.
2 Total Economic Impact is a methodology developed by Forrester Research that enhances a company’s technology decision-making processes and assists vendors in communicating the value proposition of their products and services to clients. The TEI methodology helps companies demonstrate, justify, and realize the tangible value of IT initiatives to both senior management and other key business stakeholders.
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