AI identified as a top risk for healthcare

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A report by Kodiak Solutions identified AI and new technologies as among the top five management risks for healthcare providers in 2024, alongside financial performance, competition, workforce, and cybersecurity. The benefits of AI tools must be weighed against the costs and workforce challenges of implementing and managing them. These tools promise greater efficiency, quicker diagnoses, and better consumer experiences, but also pose risks related to data security, bias in algorithms, and employee turnover. Healthcare organizations need to assess how these risks impact them and prioritize internal audit and compliance plans accordingly. Kodiak Solutions conducted interviews and risk assessments at various healthcare organizations to identify these top risks.

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