Impact Of Technologies On The Economics Of Healthcare

Throughout the history of the United States, the economics of the health care system has experienced many changes. There are many factors to consider that has been the drive behind many of the changes within the health care system. Medical and surgical technologies are some factors that relate to the changes in health care. Besides these factors, allocating sources to fund health care services has always been the most critical factor. One might consider the economic term supply and demand when looking at the history of health care economics and the primary funding source. Health care funding

Health care costs are a longstanding concern to policymakers. For years, health care spending has been rising faster than the rate of economic growth, raising the question of what factors are responsible for rising health care costs. This paper explores published articles that report results from research conducted on technological innovations in health care and its relation to rising health care costs. The cost increases have a significant effect on households, businesses, and government programs. Health care experts indicates the development and diffusion of medical technology as primary factors in explaining the persistent

Telehealth has been a large topic of debate in recent years because of the economic, political, and regulatory points of view. In deciding outcomes in these areas, it is the responsibility of all healthcare professions to identify information gaps in order to come to the more rational and beneficial conclusion about telehealth (Grace, 2014). Economically, there are concerns regarding the access and affordability of telehealth equipment. At the same time, telehealth is being adapted in ways to be utilized with technological devices that many individuals already have access to like telephones, cellular phones, and personal computers/laptops. Telehealth can positively impact both clients and providers by increasing access to care and reducing the time and costs associated with traveling for health care (Allen, Aylott, Loyola, Moric, & Saffarek, 2015). As telehealth develops technological devices can be made more affordable and can be covered by insurance policies (Thomas et al., 2014). Many nurses functioning as case managers can help provide the tools and resources individuals require to manage their health.

Medical technology encompasses a wide range of healthcare products and is used to diagnose, monitor, and treat diseases or medical conditions that affect humans. This may included but not limited too, pharmaceuticals, vaccines, and medical equipment. Such technologies are intended to improve the quality of healthcare delivered through earlier diagnosis, less invasive treatment options and reductions in hospital stays and rehabilitation times. Recent advances in medical technology have also focused on cost reduction. Medical technology may include medical devices, information technology, biotech, and healthcare services. The impacts of medical technology may involve social and ethical issues. For example physicians may seek objective information from technology rather than listening to subjective patient reports. A major contributor of healthcare expenditure in America is the advancement of medical technology. According to several studies it is shown that there is a correlation between the nation’s gross domestic product (GDP) and money allocated to healthcare. One of the leading theories is that medical technology is growing faster than expected.

Identify and evaluate at least three forces that have affected the development of the health care system in the U.S.

There are a myriad of disruptive technologies impacting the economics of healthcare today. Two of the most disruptive in terms of re-ordering capital expense (CAPEX) spending are cloud computing's impact on medical records management (Corredor, Martínez, Familiar, 2011) and telemedicine administered remotely over the Internet (Johansson, Wild, 2010). The economics of healthcare are being changed both structurally and at the patient experience level, which together are re-ordering the entire value chain of healthcare service delivery and monitoring.

A critical lack of availability is negatively impacting healthcare, because Information Technology (IT) lack of control over cloud computing, leading to more issues involving availability, reliability, integrity and confidentiality (Kuo, 2011). Availability is a rising risk in the healthcare fields for Information Technology (IT) management using cloud computing (Kuo, 2011). Despite the hype of cloud computing advantages, research confirmed 58% of firms using the cloud have no idea if the cloud is within the U.S. and forty-two% do not know where the cloud servers are placed (Turner, 2013).

In a current statement from the health insurance Blue Cross Blue Shield Association, the quick progress of new medical technology was listed as a leading reason for double-digit health care price increases. In detail, the study by the blue cross found that nineteen percent of health care price increases can be straight drawn to the use and placement of medical technology. The blue cross blue shield well-known rising indication recommended that hospital prices are in performance of a huge role in the increase of health care expenses than before. Numerous parts have explained the problem of technology assessment over the years. A lot has been told in the parts of financial study, charge discussion, and prevention of gaining mistakes. The focus of this article is to face the problem that healthcare providers and other managers might not have reflected in the

In this paper there will be a brief discussion of three forces that have affected the development of the U.S healthcare system. It will observe whether or not these forces will continue to have an effect on the U.S healthcare system over the next decade. This paper will also include an additional force, which may be lead to believe to have an impact on the health care system of the nation. And lastly this paper will evaluate the importance of technology in healthcare.

The importance of technology and information technology (IT) systems in meeting the challenges placed on the health care system is becoming increasingly apparent. The NHS is currently driving a technological revolution with the vision

Hospitals: The main difficulty with moving a hospital to a cloud-based system is the cost which can be excessive for older infrastructure hospitals. Dr. Jacob works in a recently built

1. How has the healthcare industry changed from pre-1983 to post-1983? What are the implications for the Vacutainer Division?

According to Glasberg et al (2014), health care providers encounter risks and crisis as a result of the impact felt with the paramount application of cloud computing practices. The authors established the mixed reality model, which concentrated much on the relationship that binds the human resources, information systems, supply and healthcare together. The authors clearly stated that new processes will never obtain perfection,

The risk impact of cloud computing practices affecting health care is one researchable topic, which involve credible case studies and sources where significant data can be solicited from. The envisioned study should therefore proceed because the topic of “the risk impact of cloud computing services affecting health care systems” exists within acceptable bounds of research with limits, establishing research parameters having the probable weight of the variables in case of either a qualitative or quantitative research consideration (Sultan, 2014).

How has the healthcare industry changed (pre-1983 to post 1983)? What are the implications for BD? How has BD managed to build up an 80% market share in this market? Which many competitors bigger than BD have tried to enter without success?