Impact Of Advances In Medical Technology On Health Care Costs
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Impact Of Advances In Medical Technology On Health Care Costs
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Author : Ed Malo
language : en
Publisher: GRIN Verlag
Release Date : 2015-07-23
Impact Of Advances In Medical Technology On Health Care Costs written by Ed Malo and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-23 with Medical categories.
Seminar paper from the year 2012 in the subject Health - Public Health, grade: 98, , course: Technological Entrepreneurship, language: English, abstract: The purpose of this paper is to examine the impact of advances in medical technology on health care costs in the United States. More specifically, this paper provides an overview of just some of the plethora of compelling evidence in the public forum, presented by experts in fields related to this topic which do in fact appear to show the correlation exists. An overview of the changes in health care related expenses and some of the advances in medical technology is also provided for background. Health care costs in the United States continue to rise at alarming rates. As many citizens, politicians, physicians, government policy makers and others speculate as to the causes, some have theorized and studied the impact advances in medical technology have had on the rising costs. Findings are mixed across different articles but case studies by two experts provide some compelling evidence on this theory. One case study shows how medical technology can be part of a sometimes extended and wasteful treatment plan for patients, while the other shows how advanced medical technology can actually reduce treatment costs by preventing unnecessary and costly procedures.
Impacts Of Advances In Medical Technology In Australia
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Author : Productivity Commission
language : en
Publisher:
Release Date : 2006
Impacts Of Advances In Medical Technology In Australia written by Productivity Commission and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
The Productivity Commission research report into the 'Impacts of Advances in Medical Technology in Australia' was released on 20 September 2005. The report responds to a request from the Australian Government to examine the impact of advances in medical technology on public and private healthcare expenditure, and the associated costs and benefits for the Australian community. Advances in medical technology have brought large benefits to the Australian community, but at the same time have been major drivers of the recent increase in healthcare spending. These trends are set to continue, with future technological advances likely to support further dramatic improvements in healthcare, but also to raise expenditure significantly. While it is likely that the benefits of advances in medical technology have outweighed the additional costs, the Commission found that the cost effectiveness of individual technologies varies widely and for some is not known. The report also highlights a number of procedural and coverage gaps in Australia's health technology assessment processes. The report concludes that there is a need for better information about the costs and benefits of technology, but that broader structural, incentive and resourcing issues in the health system also need to be addressed.
Healthcare And The Effect Of Technology Developments Challenges And Advancements
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Author : Kabene, Stfane M.
language : en
Publisher: IGI Global
Release Date : 2010-03-31
Healthcare And The Effect Of Technology Developments Challenges And Advancements written by Kabene, Stfane M. and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-31 with Computers categories.
"This book examines current developments and challenges in the incorporation of ICT in the health system from the vantage point of patients, providers, and researchers. The authors take an objective, realistic view of the shift that will result for patients, providers, and the healthcare industry in general from the increased use of eHealth services"--Provided by publisher.
The Economics Of New Health Technologies
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Author : Joan Costa-Font
language : en
Publisher: OUP Oxford
Release Date : 2009-05-14
The Economics Of New Health Technologies written by Joan Costa-Font and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-14 with Medical categories.
Technological change in healthcare has led to huge improvements in health services and the health status of populations. It is also pinpointed as the main driver of healthcare expenditure. Although offering remarkable benefits, changes in technology are not free and often entail significant financial, as well as physical or social risks. These need to be balanced out in the setting of government regulations, insurance contracts, and individuals' decisions to use and consume certain technologies. With this in mind, this book addresses the following important objectives: to provide a detailed analysis of what technological change is; to identify drivers of innovation in several healthcare areas; to present existing mechanisms and processes for ensuring and valuing efficiency and development in the use of medical technologies; and to analyse the impact of advances in medical technology on health, healthcare expenditure, and health insurance. Each of the seventeen chapters summarizes an important issue concerning the innovation debate and contributes to a better understanding of the role innovation has both at the macro level and at the delivery (meso) and micro level in the healthcare sector. The effectiveness of innovation in improving people's welfare depends on its diffusion and inception by the relevant agents in the health production process, and this book recognizes the multi-faceted contribution of policy makers, regulators, managers, technicians, consumers and patients to this technology change. This book offers the first truly global economic analysis of healthcare technologies, taking the subject beyond simply economic evaluation, and exploring the behavioural aspects, organization and incentives for new technology developments, and the adoption and diffusion of these technologies.
The Changing Economics Of Medical Technology
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Author : Institute of Medicine
language : en
Publisher: National Academies Press
Release Date : 1991-02-01
The Changing Economics Of Medical Technology written by Institute of Medicine and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-02-01 with Medical categories.
Americans praise medical technology for saving lives and improving health. Yet, new technology is often cited as a key factor in skyrocketing medical costs. This volume, second in the Medical Innovation at the Crossroads series, examines how economic incentives for innovation are changing and what that means for the future of health care. Up-to-date with a wide variety of examples and case studies, this book explores how payment, patent, and regulatory policiesâ€"as well as the involvement of numerous government agenciesâ€"affect the introduction and use of new pharmaceuticals, medical devices, and surgical procedures. The volume also includes detailed comparisons of policies and patterns of technological innovation in Western Europe and Japan. This fact-filled and practical book will be of interest to economists, policymakers, health administrators, health care practitioners, and the concerned public.
Healthcare And Biomedical Technology In The 21st Century
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Author : George R. Baran
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-10-05
Healthcare And Biomedical Technology In The 21st Century written by George R. Baran and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-05 with Technology & Engineering categories.
Healthcare and Biotechnology in the 21st Century: Concepts and Case Studies introduces students not pursuing degrees in science or engineering to the remarkable new applications of technology now available to physicians and their patients and discusses how these technologies are evolving to permit new treatments and procedures. The book also elucidates the societal and ethical impacts of advances in medical technology, such as extending life and end of life decisions, the role of genetic testing, confidentiality, costs of health care delivery, scrutiny of scientific claims, and provides background on the engineering approach in healthcare and the scientific method as a guiding principle. This concise, highly relevant text enables faculty to offer a substantive course for students from non-scientific backgrounds that will empower them to make more informed decisions about their healthcare by significantly enhancing their understanding of these technological advancements.
Concepts And Trends In Healthcare Information Systems
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Author : Dionysios-Dimitrios Koutsouris
language : en
Publisher: Springer
Release Date : 2014-09-25
Concepts And Trends In Healthcare Information Systems written by Dionysios-Dimitrios Koutsouris and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-25 with Medical categories.
Concepts and Trends in Healthcare Information Systems covers the latest research topics in the field from leading researchers and practitioners. This book offers theory-driven research that explores the role of Information Systems in the delivery of healthcare in its diverse organizational and regulatory settings. In addition to the embedded role of Information Technology (IT) in clinical and diagnostics equipment, Information Systems are uniquely positioned to capture, store, process, and communicate timely information to decision makers for better coordination of healthcare at both the individual and population levels. For example, data mining and decision support capabilities can identify potential adverse events for an individual patient while also contributing to the population’s health by providing insights into the causes of disease complications. Information systems have great potential to reduce healthcare costs and improve outcomes. The healthcare delivery systems share similar characteristics with most service and productive organizations, but also exhibit specific characteristics, which are related to the complexity and diversity of healthcare production, including the dissimilar ways healthcare professionals discharge their clinical tasks. New requirements and technological advances occurring in healthcare, information systems, and information technology have influenced the evolving role of healthcare information systems and related technology, and this book will help bring the field up to date.
Technology And Health Care In An Era Of Limits
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Author : Institute of Medicine
language : en
Publisher: National Academies Press
Release Date : 1992-02-01
Technology And Health Care In An Era Of Limits written by Institute of Medicine and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-02-01 with Medical categories.
The U.S. health care system is in a state of flux, and changes currently under way seem capable of exerting sizable effects on medical innovation. This volume explores how the rapid transition to managed care might affect the rate and direction of medical innovation. The experience with technological change in medicine in other nations whose health care systems have "single-payer" characteristics is thoroughly examined. Technology and Health Care in an Era of Limits examines how financing and care delivery strategies affect the decisions made by hospital administrators and physicians to adopt medical technologies. It also considers the patient's stake in the changing health care economy and the need for a stronger independent contribution of patients to the choice of technology used in their care. Finally, the volume explores the impact of changes in the demand for medical technology in pharmaceutical, medical device, and surgical procedure innovation.
The Impact Of Information Technology
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Author : Nirup M. Menon
language : en
Publisher: Routledge
Release Date : 2020-03-26
The Impact Of Information Technology written by Nirup M. Menon and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-26 with Business & Economics categories.
First published in 2000. This book addresses the measurement of the effect of information technology (IT) investments on a firm's productivity. Determining a quantifiable impact of a firm's IT has plagued senior executives, researchers, and policy-makers for several years, as evidenced by articles in trade magazines such as Fortune and Businessweek and in academic journals such as Management Science. Simple statistical techniques for measuring IT impact in a firm are fraught with methodological problems, as these techniques do not account for either the causal direction in managerial decision making or the behavioral assumptions about firms. Therefore, such studies have led to results and inferences that are not generalizable. While studies that measure the satisfaction of people who use IT are important, management typically would like to know whether IT has reduced operation costs by streamlining processes or increased revenues by increasing the demand-meeting capability of the firm. This book attempts to determine cost-reduction or output-enhancement that may be linked to IT investments through methodological sophistication. The healthcare industry presents an important and interesting context in which to study IT impacts for several reasons. First, since the implementation of the Prospective Payment System (PPS) by Medicaid, most hospitals adopted cost containment measures, and hence capital investments in hospitals have come under greater scrutiny than ever before. Second, hospitals have been more thorough in reporting capital and labor expenses and revenues (due to state regulation) at a level of detail that makes it possible to aggregate IT and other capital investments without serious measurement error. Most non-healthcare firms do not collect or report such data in their financial statements. Finally, though hospitals were slow in IT adoption, most hospitals have been acquiring sophisticated hardware and software over the past few years. Results of the analysis bear evidence of the positive impact of IT on production of healthcare services. It also shows how methodological differences can lead to conflicting results. The effect of PPS determined in a comparative way shows that the economic behavior in the post-PPS differs from that in the pre-PPS years.
The Implications Of Cost Effectiveness Analysis Of Medical Technology
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Author :
language : en
Publisher:
Release Date : 1980
The Implications Of Cost Effectiveness Analysis Of Medical Technology written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Medical care categories.