Essay On Healthcare Technology

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What is Healthcare Technology? Medical technology can be understood to describe the methods, tools, and processes through which healthcare and information is delivered and managed, respectively. When people refer healthcare technology advancement, they typically mean innovations in medical and surgical procedures (e.g., joint replacements, gastric sleeves, etc.), medical devices (e.g., EKG machines, CPR simulators, EMA tools, etc.), and new data support systems (e.g., m-health and e-health, telemedicine, EMRs, etc.). They may also refer to new pharmaceutical advancements (new delivery mechanisms, greater potency, etc.). Recent increases in insurance and care delivery costs have forced health policy analysts to focus on cost containment and affordability (Kaiser Family Foundation, 2007). A key concern for policymakers is identifying and addressing the drivers of sustained and rapid rises in healthcare. “Healthcare industry analysis suggests that the development and diffusion of medical technology are key factors in explaining the persistent disparity between health spending and overall economic growth, with some arguing that new medical technology may account for greater than 1/2 of long-term spending” (Kaiser Family Foundation, 2007). Healthcare transactions, from billing to patient records, are known to generate enormous volumes of data that too often use obsolete and inefficient technologies. However, it is well understood that proper application of new technologies can save billions of dollars by eliminating waste, reducing administrative costs and improving healthcare delivery. This supports the argument for government mandated standardization and interoperability supported by public health policy. “Such legislati... ... middle of paper ... ...ll benefits of these innovations be realized” (McClellan, 2003). Potential benefits of improving the U.S. health information technology system are immeasurable. They can be realized if policymakers continue to craft policies that comprehensively address the issues surrounding the use of health information technologies. It is characteristic of the U.S. government to reach for familiar policies and government program that lead to incremental change without considering what is best for a given situation. “Policymakers should maximize market incentives and innovation in this complex and rapidly advancing field, while preserving the legitimate interests of all stakeholders” (Haislmaier, 2006). The Independent Health Records Bank Act is a great example and starting point for planning optimal improvements in the collection, management, and sharing of healthcare data.

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