June 13, 2024

The Impact of AI on Healthcare: Navigating the Challenges and Opportunities

1 min read
Challenges in Health Care Economics and Artificial Intelligence

The healthcare industry has often been overlooked in discussions about the impact of artificial intelligence (AI) on various sectors of the economy. However, it is clear that this sector, which makes up nearly one fifth of the economy, cannot avoid the disruptive effects of AI, driven by efficiency and cost considerations.

To better understand the challenges and opportunities associated with AI adoption in healthcare, a new book titled “The Economics of Artificial Intelligence: Health Care Challenges” has been edited by Ajay Agrawal, Joshua Gans, Avi Goldfarb, and Catherine Tucker. The book brings together experts from diverse fields such as health economics, medicine, philosophy, law, public health, and machine learning to examine the primary obstacles to AI adoption 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

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