Business Models for AI in Medicine: Navigating Commercialization and Ethical Responsibility

Auteurs-es

  • Dr. Asim Nasar Assistant Professor, Institute of Administrative Sciences, University of the Punjab Auteur-e

Mots-clés :

Artificial intelligence, business models, healthcare commercialization, ethical responsibility, patient safety, AI regulation, data privacy, algorithmic transparency, equity in healthcare, intellectual property, clinical validation, healthcare innovation, AI ethics, technology adoption

Résumé

The commercialization of artificial intelligence (AI) in medicine offers transformative potential, providing opportunities to optimize healthcare delivery, reduce costs, and improve patient outcomes. However, the path to integrating AI into the healthcare market requires careful navigation of both commercial interests and ethical responsibility. Business models for AI in medicine must balance profitability with patient safety, data privacy, and fairness. Companies pursuing AI-driven healthcare solutions face challenges in securing funding, managing intellectual property, and demonstrating clinical efficacy. Moreover, the adoption of AI technologies in healthcare is influenced by regulatory frameworks, which can vary across regions and impact time-to-market and scalability. Ethical concerns are central to these commercial endeavors, especially regarding the transparency of AI algorithms, biases in data, and the protection of sensitive patient information. The drive for profit must not undermine the trust and equity that are essential to patient care. To succeed, businesses must adopt strategies that ensure AI products are both clinically validated and aligned with ethical standards. This involves collaborating with healthcare providers, ensuring diversity in datasets, promoting algorithmic transparency, and adhering to strict regulatory standards. Furthermore, ethical considerations must be incorporated into the business model from the outset to avoid the exploitation of vulnerable populations or the perpetuation of healthcare disparities. As AI in medicine continues to mature, a sustainable business model will require cooperation between technology companies, regulatory bodies, and healthcare providers to foster innovation while upholding the highest ethical standards. Balancing the dual imperatives of commercialization and ethical responsibility is key to the long-term success and social acceptance of AI in healthcare.

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Publié

2025-01-10