One modern industry that fully utilizes the benefits of Artificial Intelligence algorithms is healthcare. Medical practitioners often cannot predict a patient's disease due to uncertain symptoms and conditions because they lack complete knowledge and history about illnesses. In contemporary computing, diagnosing and analyzing healthcare and medical data is a crucial task that requires prior knowledge to compare and predict outcomes. Providing the correct treatment and appropriate procedures to save patients is also complicated. Various real-time industries have recently adopted AI techniques and related advanced technologies to enhance their business profits significantly. AI techniques employ a complex process of learning and extracting knowledge from past historical data to predict present data. This paper explains that artificial intelligence in healthcare has become groundbreaking, reshaping the methodologies for diagnosing, treating, and monitoring patients. It demonstrates how the healthcare industry uses AI to enhance profitability in healthcare risk contracts. This paper explores and outlines knowledge about AI, ML, NLP, Expert Systems, their popularity, benefits, and the future of AI in healthcare industries.