Future Benefits and Challenges of Artificial Intelligence in Healthcare

13 Pages Posted: 11 Jul 2023

See all articles by Gregory Parker, Ph.D.

Gregory Parker, Ph.D.

CGT Capital Group, LLC.; South College; Walden University

Christopher Parker

CGT Capital Group, LLC.; PQT Health, Inc.

Date Written: July 1, 2023

Abstract

Artificial Intelligence (AI) is a tool that has the potential to transform every aspect of healthcare, from patient diagnosis and treatment to administrative functions. AI has the ability to help healthcare professionals make more accurate diagnoses, develop personalized treatment plans, improve patient outcomes, and reduce healthcare costs. AI can assist in identifying and mitigating cybersecurity threats, protecting sensitive patient data, and preserving system integrity. As AI becomes an integral part of healthcare delivery, ethical considerations emerge, highlighting the necessity of addressing these issues for a safe, ethical, and effective integration of AI in healthcare. As healthcare increasingly becomes data-driven, the threats to data privacy are on the rise. Developing 'explainable AI' models that can provide insights into their decision-making processes could help to build trust among healthcare providers and patients and facilitate their adoption in healthcare settings. This paper explores the future benefits and challenges of Artificial Intelligence in Healthcare.

Note:
Funding Information: Gregory Parker & Christopher Parker report financial support for this research was provided by CGT Capital Group, LLC.

Conflict of Interests: Gregory Parker & Christopher Parker report a relationship with CGT Capital Group, LLC. That includes: equity or stocks.

Keywords: artificial intelligence, EHR, healthcare, data privacy, HealthTech, healthcare workflow

Suggested Citation

Parker, Gregory and Parker, Christopher, Future Benefits and Challenges of Artificial Intelligence in Healthcare (July 1, 2023). Available at SSRN: https://ssrn.com/abstract=4497511

Gregory Parker (Contact Author)

CGT Capital Group, LLC. ( email )

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South College ( email )

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Walden University ( email )

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Christopher Parker

CGT Capital Group, LLC. ( email )

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United States
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PQT Health, Inc. ( email )

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