National Evidence-Based Healthcare Collaborating Agency Reports Findings in Artificial Intelligence (Survey on Value Elements Provided by Artificial Intelligence and Their Eligibility for Insurance Coverage With an Emphasis on Patient-Centered ...): Artificial Intelligence - Insurance News | InsuranceNewsNet

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April 25, 2024 Newswires
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National Evidence-Based Healthcare Collaborating Agency Reports Findings in Artificial Intelligence (Survey on Value Elements Provided by Artificial Intelligence and Their Eligibility for Insurance Coverage With an Emphasis on Patient-Centered …): Artificial Intelligence

Insurance Daily News

2024 APR 25 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on Artificial Intelligence is the subject of a report. According to news reporting out of Seoul, South Korea, by NewsRx editors, research stated, “This study aims to explore the opinions on the insurance coverage of artificial intelligence (AI), as categorized based on the distinct value elements offered by AI, with a specific focus on patient-centered outcomes (PCOs). PCOs are distinguished from traditional clinical outcomes and focus on patient-reported experiences and values such as quality of life, functionality, well-being, physical or emotional status, and convenience.”

Our news journalists obtained a quote from the research from National Evidence-Based Healthcare Collaborating Agency, “We classified the value elements provided by AI into four dimensions: clinical outcomes, economic aspects, organizational aspects, and non-clinical PCOs. The survey comprised three sections: 1) experiences with PCOs in evaluating AI, 2) opinions on the coverage of AI by the National Health Insurance of the Republic of Korea when AI demonstrated benefits across the four value elements, and 3) respondent characteristics. The opinions regarding AI insurance coverage were assessed dichotomously and semi-quantitatively: non-approval (0) vs. approval (on a 1-10 weight scale, with 10 indicating the strongest approval). The survey was conducted from July 4 to 26, 2023, using a web-based method. Responses to PCOs and other value elements were compared. Among 200 respondents, 44 (22%) were patients/patient representatives, 64 (32%) were industry/developers, 60 (30%) were medical practitioners/doctors, and 32 (16%) were government health personnel. The level of experience with PCOs regarding AI was low, with only 7% (14/200) having direct experience and 10% (20/200) having any experience (either direct or indirect). The approval rate for insurance coverage for PCOs was 74% (148/200), significantly lower than the corresponding rates for other value elements (82.5%-93.5%; 0.034). The approval strength was significantly lower for PCOs, with a mean weight ± standard deviation of 5.1 ± 3.5, compared to other value elements ( 0.036).”

According to the news editors, the research concluded: “There is currently limited demand for insurance coverage for AI that demonstrates benefits in terms of non-clinical PCOs.”

This research has been peer-reviewed.

For more information on this research see: Survey on Value Elements Provided by Artificial Intelligence and Their Eligibility for Insurance Coverage With an Emphasis on Patient-Centered Outcomes. Korean Journal of Radiology, 2024. Korean Journal of Radiology can be contacted at: Korean Society of Radiology, 71, Yangjaecheon-Ro, Seocho-Gu, Seoul, South Korea.

Our news journalists report that additional information may be obtained by contacting So Jin Park, Division of Healthcare Research, National Evidence-Based Healthcare Collaborating Agency, Seoul, South Korea. Additional authors for this research include Hoyol Jhang, Ah-Ram Sul, Hye Young Jang and Seong Ho Park.

Publisher contact information for the Korean Journal of Radiology is: Korean Society of Radiology, 71, Yangjaecheon-Ro, Seocho-Gu, Seoul, South Korea.

(Our reports deliver fact-based news of research and discoveries from around the world.)

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