Position Paper for Parliamentarians on Responsible AI in Health

Artificial Intelligence (AI) holds immense potential to revolutionize healthcare by enhancing health outcomes, patient safety, accessibility to care, as well as improving operational efficiency and reducing costs. AI applications in health span a wide range of areas, including health promotion, prevention and early detection, more accurate and timely diagnosis, personalized treatment, remote monitoring, and drug discovery. Additionally, AI can optimize resources and processes, reducing administrative workloads, enabling healthcare professionals to dedicate more time to direct patient care. Through predictive analytics, AI can forecast patient demand, allowing hospitals to better plan staffing, potentially increasing operational efficiency. Furthermore, increasing investments in healthcare AI over the last few years also reflects the growing interest in this domain, with investors investing more than $30 billion into healthcare AI startups in the last three years and approximately $60 billion in the last ten years.