Before long, we’ll be living in a world where AI can diagnose diseases and conditions without human intervention. It might sound like science fiction, but at the current rate of advancement AI will one day perform surgery, with a human surgeon overseeing the procedure rather than leading it. In other words, healthcare is changing fast.
As we realize this future of advanced capabilities and ways of practicing medicine, the entire sector is set to face a raft of new and evolving exposures.
Opportunity for growth
Healthcare stands at the forefront of AI innovation. Already AI is being used to transform surgery and diagnostic processes, with significant breakthroughs happening all the time.
Away from AI, virtual reality and augmented reality are underpinning exciting developments not only across medical practice but in enabling more realistic training for clinicians, helping to enhance professional skillsets across the board. Clinicians are set to achieve more successful outcomes, reduce the number of errors made and, ultimately, deliver patients a higher level of care.
Introducing new technologies into practices and processes also changes the risk profile of the healthcare sector, leading to new and evolving exposures for providers to understand, mitigate and potentially insure.
Technology really is impacting every corner of the sector. Even general healthcare practitioners who operate in traditional settings now find themselves facing significant digital exposures – while most of their consultations are in person, they still rely on digital administrative systems and often base their diagnoses and treatment plans on results attained by digital health technology.
Today, the risk management and insurance market is acting fast to identify, quantify and understand how to reduce these evolving risks. Already, new products are entering the market that can support healthcare professionals and their wider organizations in the goal to meet changing needs – and deliver a future of care we can all get behind.
Learn more about how the healthcare sector is evolving – and how providers can stay ahead – in our new Digital Healthcare Report or contact ehealth@cfc.com.
