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Value-based Medicine, AI in Healthcare, and FDA Regulation
This chapter explores the concept of value-based medicine in healthcare innovation, discussing payment models based on a drug's performance and the shift towards value-based care. The conversation also covers the role of AI in healthcare, focusing on drug development and diagnosis, and highlights challenges related to FDA regulation of AI tools in healthcare. The chapter emphasizes the importance of FDA approval for healthcare innovation and the need for regulatory clarity in developing tools for healthcare purposes.