Life sciences, healthcare and technology are changing rapidly with the application of generative AI, offering new ways to improve patient care and accelerate medical research.
Odgers Berndtson’s Life Science, Healthcare and Technology Practices recently hosted a panel of senior leaders from across medical research, health innovation and digital technologies, to explore how generative AI is poised to revolutionise healthcare R&D and patient experience.
Top themes discussed:
- Applications of generative AI in healthcare: for improving predictive performance, patient outcomes, and efficiency.
- Regulation and safety of AI: the importance of regulatory frameworks in ensuring AI’s safe implementation.
- Challenges and considerations: the need for integrating reliable healthcare data to enhance applications.
- Future prospects of AI in medicine: the human element still remains crucial.
The discussion began by outlining how generative AI can combine several types of healthcare data, translating complex medical notes into explainable terms, enhancing patient understanding and engagement.
The panel considered generative AI in action, including supporting primary care consultations by recommending drugs, dosages and identifying potential adverse reactions and interactions.
Two further real world examples were the patient-facing applications of generative AI, including use relating to mental health, highlighting AI’s potential to deliver non-drug therapies on a large scale, such as cognitive behavioural therapy. The importance of integrating AI with clinical decision-making to tackle global health challenges, including antimicrobial resistance, was also considered.
The discussion turned to the concerns of AI’s application within the healthcare space, its regulation, and the readiness of regulatory bodies. As AI technology evolves, continuous updates to regulatory frameworks are essential to address developing ethical and safety challenges. Ensuring transparency in AI algorithms, protecting patient data, and preventing biases all emerged in the discussion as critical aspects that regulators must focus on to maintain trust and efficacy in AI-driven healthcare solutions.
Challenges and considerations
The discussion reaffirmed the huge challenges that leaders face in ensuring the stability and reliability of AI systems, particularly in the high-stakes environments of healthcare.
The NHS, with its extensive data sets, faces challenges in harmonising data from different trusts and systems - addressing privacy and security concerns is paramount for effective data use.
Future prospects of AI in medicine
Generative AI has the potential to fast-track medicine development, enhance personalisation, and reduce costs. While AI is widely used in R&D and production, its application in commercialisation and regulation is still emerging with concerns about privacy, security and intellectual property remaining substantial barriers.
As generative AI continues to evolve, its potential to reshape healthcare R&D and patient experience is immense. From enhancing predictive performance to personalising treatments and improving patient outcomes, the possibilities are vast. However, realising this potential requires addressing regulatory, data integration, and privacy challenges towards continued advancements and thoughtful integration.
Strong leadership will be essential in navigating these complexities and fostering the adoption of AI in healthcare. Odgers Berndtson would like to warmly thank the expert panel for offering their expert insights and their participation in the discussion.
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