It's pretty clear that healthcare costs are going to go up in the near term with the introduction of AI
Three reasons for this. The first is simple - payers are being much more heavily scrutinized for their use of AI in preventing $ going out, while hospitals/companies using AI to bill more have a ton of leeway.
The second is that the current billing rails incentivizes AI use cases that are "add-on" billing line items. Consider the AI second reads of mammograms which are an up charge, the AI diabetic retinopathy screens that bill more than their human counterparts, etc. which are all effectively upcharges.
The third is that more people now have access to a self-diagnosing and triage tool, but also still need to go to the health system to resolve their issue if they need confirmatory labs, screening a prescription, etc. That's going to create more utilization inherently, though how much more than just using Google is TBD.
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Every time technology has been introduced into healthcare it's caused costs to be inflationary. My hope is that AI becomes a tool that makes costs deflationary, but there needs to be a clearer path for that to happen.
I imagine cognitive impairment, as a core symptom of schizophrenia, prevents the use of this coping mechanism for many patients.
https://t.co/SQ9edrqzbg
The opportunities abound, but I imagine “total mission value” will hold different meanings between patients, doctors, and the system as a whole.
https://t.co/S04vaMyr5j