Algorithms (and other analytics) may be classified based on their functional use such as diagnostic or prognostic. Prescriptive algorithms recommend a therapy or other course of action. This may have significant medico-legal implications that can trap the unwary.
A prescriptive algorithm specifies a course of action to be followed.
Parameters affecting risk:
(1) potential for serious adverse effects
(2) cost of recommendations
(3) interaction with physician
(4) transparency
(5) FDA risk level
Parameter
High Risk
Lower Risk
risk of adverse side effect
high
low
cost
more expensive than equally effective alternatives
low
interaction with physician
none, autonomous, nonmodifiable
suggestion, provides a second opinion
transparency
none, secretive
fully disclosed
FDA risk profile
high (drug selection or dosing)
low
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