• Tue. Jun 18th, 2024

Revolutionizing Healthcare through AI: A Look at the Economics and Challenges of Implementing Artificial Intelligence in the Industry

BySamantha Johnson

Mar 25, 2024
Challenges in Health Care Economics and Artificial Intelligence

The healthcare industry has been somewhat overlooked in the discussions about the impact of artificial intelligence on various sectors of the economy. However, it is clear that a sector that makes up nearly one fifth of the economy will not be able to avoid the disruptive effects of AI, driven by efficiency and cost considerations.

A new book “The Economics of Artificial Intelligence: Health Care Challenges” edited by Ajay Agrawal, Joshua Gans, Avi Goldfarb, and Catherine Tucker brings together experts from diverse fields such as health economics, medicine, philosophy, law, public health, and machine learning to examine the primary obstacles to the adoption of AI in healthcare. Through original research papers and comprehensive responses, the contributors identify barriers in four key areas: incentives, management, data availability, and regulation.

Despite these challenges, the contributors also highlight the potential for AI to enhance outcomes and reduce costs in the healthcare sector. In order to shape policies that will guide the evolution of the healthcare system

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

Leave a Reply