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10 10, 2023

AI in Healthcare: Risks and Benefits for Medical Professional Liability
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AI in Healthcare: Risks and Benefits for Medical Professional Liability

@PLUS, Guest Blog, Med PL

AI in Healthcare: Risks and Benefits for Medical Professional Liability

By PLUS|2023-10-12T09:14:10-05:00October 10, 2023|@PLUS, Guest Blog, Med PL|0 Comments

It is no exaggeration to state that artificial intelligence (AI) will transform health care delivery globally. In fact, it will revolutionize health care over the next decade. The amount of money invested in AI by health care organizations has grown exponentially in recent years. It was estimated to be $15.4b in 2022 and expected to continue to grow annually at 37.5% compounded annually from 2023 to 2030.1 2 For the first time in history, providers will be able to apply all medical knowledge, including the most recent studies, for the benefit of individual patients in tailoring personalized care.3 Artificial intelligence [...]

Legal Considerations on the Precipice of Artificial Intelligence Replacing Physicians

By PLUS|2023-07-12T15:57:39-05:00July 13, 2023|@PLUS, Guest Blog, Med PL, PL Insurance|0 Comments

“Combining human intelligence with the power of artificial intelligence (“AI”) can help transform cancer diagnostics.”[1] That is the mantra of Kheiron Medical Technologies, which uses AI technologies to help radiologists detect cancer earlier and more accurately. The New York Times recently reported on Kheiron’s success of utilizing AI to assist radiologists read mammograms.[2] In 2021, Kheiron’s AI software was used in five health clinics located in Hungary and confirmed that its AI had identified 22 cases where the radiologist had not picked up on and missed the diagnosis of cancer.[3] In 2022, Kheiron reported that its software matched the performance of human [...]

Professional Liability Risks & Trends Series: Bill Fleming

By PLUS|2023-06-06T07:25:06-05:00June 6, 2023|@PLUS, General Risk Management, Med PL, PL Insurance|0 Comments

In this blog series, PLUS consults industry experts to discuss current trends in the market. This edition features Bill Fleming, a regular contributor to PLUS curriculum and content. In this interview, Bill highlights risks and trends in Medical and Healthcare Professional Liability. To start, please tell us a little about your role and experience in the professional liability insurance (PLI) industry. I serve as CEO of Segment Risk, Ltd, a London MGA specializing in solving unique problems in the healthcare value chain. I've previously worked in US medical professional liability, starting in claims, then underwriting, post-merger integration, M&A, and general [...]