Session ID: 
84

AI Economics: Evaluating Benefit for Hospital and Patient

4:15pm - 4:45pm Tuesday, March 10
Orlando - Orange County Convention Center
W300

Description

Interest in AI in clinical practice has skyrocketed, driven by the potential that these technologies may improve either clinical outcomes or operational effectiveness. While anecdotal evidence and theoretical models speak to the benefits of this family of new technologies, wide adoption has not yet been forthcoming. If AI usage is to expand, cost benefit analyses of its use, rooted in the fundamentals of health economics will be key for adoption and success. This session provide an overview of the current metrics used to express the benefits of AI, provide examples of the potential pitfalls of these methods, and suggest reasoned financial analysis tools to more consistently measure and communicate AI benefits. Rationalization of AI benefits may help better assess its true impact within the hospitals and in comparison to other health systems.

Learning Objectives

  • Analyze the measurement challenges of financial/operational benefit as two of the factors hindering broad adoption of AI, and the potentially unreliable methods practitioners employ to express the experienced benefits of AI
  • Identify a number of examples of cost benefit analysis within AI adoption speaking to different use cases, as a foundation for exploring the various health economics factors at play and best practices which may be extrapolated
  • Propose practical methodologies for cost benefit analysis of AI rooted in healthcare economics and current literature reviews as a foundation for common discourse of AI effectiveness within and across hospitals

Speaker(s)

Marketing Director, Advanced Visualization and AI Solutions,
Philips Healthcare

Continuing Education Credits

ABPM
1.00
CAHIMS
1.00
CME
1.00
CNE
1.00
CPHIMS
1.00

Audience

Chief Quality, Chief Clin Transformation Officer
Clinical Informaticists
Healthcare Financial Professionals

Level

Intermediate