The Healthtech Podcast
#345 The importance of Health Economics with Dr Hugh Harvey, MD at Hardian Health
Apr 10, 2024
Dr. Hugh Harvey, MD at Hardian Health, discusses the importance of health economics in AI technologies in healthcare. Topics include navigating regulatory challenges, evaluating value propositions, and the role of errors in health tech innovation. Comparison of UK and US healthcare systems is explored, with advice on scaling healthcare startups and the significance of early economic modeling.
55:52
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Quick takeaways
- Regulatory changes like the EU AI Act impact AI-driven medical software markets, balancing innovation with necessary barriers.
- The EU AI Act enforces transparency in data usage and quality management for high-risk AI medical devices, highlighting rigorous regulatory compliance.
Deep dives
Health Tech Landscape Amidst Regulatory Changes
Amidst a post-COVID era, the health tech market has seen a slowdown in funding in 2023, signaling market maturity with larger companies entering and regulatory changes like the EU AI Act coming into force, impacting AI-driven medical software markets. This shift prompts a need for a nuanced regulatory environment balancing pro-innovation with necessary barriers.
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