Overview

• 28 healthcare providers and payers, including CVS Health, have joined the Biden administration's voluntary commitments for the safe and responsible use of AI in healthcare.
• The commitments are based on the 'FAVES' principles, which state that AI should lead to healthcare outcomes that are Fair, Appropriate, Valid, Effective, and Safe.
• Companies that sign the commitments pledge to inform users whenever they receive content that is largely AI-generated and not reviewed or edited by people.
• They also commit to monitoring and addressing any harms that AI applications might cause, and to developing AI uses responsibly, including solutions that advance health equity, expand access to care, make care affordable, coordinate care to improve outcomes, reduce clinician burnout and otherwise improve the patient experience.
• The commitments follow an executive order issued by President Biden on October 30, which requires developers of AI systems that pose risks to U.S. national security, the economy, public health or safety to share the results of safety tests with the government before releasing them to the public.