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Managed Care Research in Action

(R1) AI in Healthcare: From Cutting-Edge Innovations to Practical Applications in Formulary Decision Making

Tuesday, October 15, 2024
8:30 AM - 9:45 AM PT
Location: 123
CPE
ACPE UAN:0233-0000-24-041-L04-P | Contact Hours: 1.25 | Activity Type: Knowledge-based
Artificial intelligence (AI) technology has shown promising, and effective applications in healthcare however, it does come with its own set of challenges. These include concerns about data security and quality to difficulties with implementation, and concerns with biases, all of which poses expanding difficulties. In this session, we will explore AI’s transformative power in healthcare, highlighting its ability to process and analyze data at an unprecedented scale and emphasize the growing momentum of AI applications in healthcare, particularly in streamlining the research process for formulary decision-making.

Join us for an informative session into the current use of AI in healthcare and managed care, along with its promising future in formulary decision-making.

Learning Objectives:

At the completion of this activity, participants should be able to:
  1. Describe the latest advancements and transformative potential of AI and how it impacts managed care.
  2. Discuss current research on how HCDMs are utilizing various AI tools in healthcare and how these tools could potentially support the formulary decision-making process.
  3. Review a real-world case study involving a HCDM to understand the practical application of AI in the formulary decision-making process, the integration of AI tools, and the resulting impact.
  4. Identify the challenges and future direction of AI’s involvement in healthcare decision-making and opportunities for mitigation.