Despite the hospitals of developing economies having the most trained healthcare professionals in the world, they are struggling to recognize the advantages of Industry 4.0 technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT). The developed economies, on the other hand, are quicker than ever to embrace them. This research addresses the shortcomings in the current literature concerning the implementation of such Industry 4.0 technologies in developing economies, proposing two holistic frameworks that allow practitioners to achieve a more managerial and macroscopic understanding of these technologies. The first framework defines the main functions of a hospital and maps the applications of AI and IoT compared to the character of the functions. The second framework provides an AI and IoT-based network diagram of the entire hospital. The novel feature of the frameworks is that each framework can be customized to suit the specific requirements of a hospital.