AI cancer screening programs are booming, but you'll likely have to pay for them yourself

The FDA has approved nearly 600 radiology artificial intelligence and machine learning programs and devices over the last five years, but most aren't covered by insurance.

"Traditionally, for medical devices it takes up to seven years after a product that's approved by the FDA to get reimbursed. So, it is quite a challenge," said Brittany Berry-Pusey, CEO of AI screening startup Now, Avenda is working on getting Medicare and insurers to provide coverage, which can take years in many cases.

Independence Blue Cross Chief Medical Officer Dr. Rodrigo Cerda said the verdict is still out on the effectiveness of the newest programs.The evidence hasn't quite met the bar to say it clearly makes a benefit of positive difference for our members and doesn't introduce other risks that might be false positives or sort of gives confidence to the false negatives," Cerda said.

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AI cancer screening programs are booming, but you'll likely have to pay for them yourselfThe FDA has approved nearly 600 radiology AI program since 2019, but most aren't covered by Medicare or private health insurance.
Source: CNBC - 🏆 12. / 72 Read more »