The Ethics Of AI In Healthcare Industry: Opportunities And Risks For Audit And Compliance Professionals
- IJLLR Journal
- Oct 21
- 1 min read
Nishant Patel, SVKM’s Jitendra Chauhan College of Law, University of Mumbai
ABSTRACT
Since past few years, we have encountered with words like “AI” or “Artificial Intelligence,’ ‘Machine Learning,’ ‘Block-chain Technology,’ ‘Data Centres,’ ‘Cloud Computing’ etc. However, let me explain that ‘AI’ is not a completely new phenomenon and in the field of healthcare it has been in use since 1970s and has gained traction as decades passed by with its use increasing and becoming more sophisticated.
This article is an attempt to decipher ethical use of AI in healthcare domain and look at the possible opportunities and risks given there are always two sides to anything which is meaningful.
As compliance and governance professionals who are associated with healthcare industry, AI will be helpful in the context of true and fair use of the tool to map the compliance in terms of compliance of the healthcare industry in terms of using AI for dashboard creation, monitoring of vital reporting related to processing of claims, adherence to regulatory requirements to mitigate legal risks, upholding patient safety, enhancing financial integrity and promoting ethical boardroom practices.
