Navigating the Risks of New Healthcare Technologies

Jul 16, 2019 at 04:24 pm by Staff


The appetite among healthcare providers for new technologies is voracious. The benefits are obvious: Individual providers and facilities want to improve care and increase convenience and reputations. New technology, however, involves risks - both to patients and in working through internal "glitches." The potential for hacking and loss of security, privacy and access increases these risks.

In considering new technologies and associated risks, it is helpful to categorize by how soon they become available.

The Near-Term: Connected Devices/IOT.

Devices that are connected to an open network are "connected devices." When those devices can then communicate with each other via the internet, they become part of the Internet of Things (IOT).


The Mid-Term:
Artificial Intelligence/Machine Learning.1

Our ability to function and understand the world around us depends on our capacity to find and use patterns in our environment. AI/ML is a collection of different methods for permitting machines to do the same - learn on their own.


The Long-Term: Distributed Ledger Technology (Blockchain).

You likely know this from Bitcoin, but its potential for the healthcare industry is far beyond cryptocurrency.

Machines are getting smarter faster ... and keeping up with threats will become increasingly difficult until, at some point, we rely on machines to protect us from other machines. Until then, healthcare industry professionals have a responsibility to implement technology wisely.

1 Some may note that placing AI/ML in the Mid-Term understates its current impact. We place it here because the growth of AI/ML is likely to be exponential, replacing the current drizzle of ML with a hurricane of AI in the future.

2 See, for example, https://www.sciencedirect.com/science/article/pii/S0040162513001261.

3 01010011 01001111 01010011


Roy Wyman is a partner of Nelson Mullins Riley & Scarborough LLP in Nashville, co-chair of Nelson Mullins' Cybersecurity and Privacy Industry Group and is a member of the Healthcare Regulatory and Transactional team. He can be reached at roy.wyman@nelsonmullins.com or (615) 664-5362.







WEB:

Nelson Mullins

Tags: AI Artificial Intelligence Augmented Intelligence Blockchain Cybersecurity Distributed Ledger Technology DLT Hacking Healthcare Technology Machine Learning ML Nelson Mullins Roy Wyman
Sections: Business/Tech