“fundamental feature of American medicine”(Callahan, 2015). The use of technologically advanced diagnostic and medical procedures was considered synonymous to better quality of care. Doctors are trained to use it and patients have come to expect it, in fact, about 40% of Americans believe that medical technology can save their lives (Callahan, 2015). With advancements also came growth in specialized medicine. However, these innovations come at a price and “require expensive equipment, computerization, and highly trained personnel” (Young & Kroth, 2018). Over the years, technology has played an important role in healthcare delivery and brought about substantial changes in patient care. Due to technological innovations, patients now have access to cutting-edge treatments, modern diagnostic tools and minimally invasive
procedures that reduce pain and healing time. The healthcare industry has also seen the advent of electronic health records, mobile apps, and telemedicine, which facilitates efficient delivery of healthcare to remote or inaccessible locations and “has the potential to streamline processes, improve patient outcomes, and reduce costs” (Jones, 2018) . While it seems apparent that the considerable costs associated with medical technology is to blame for the rising healthcare expenditures, this writer believes that it is equally important to examine the relationship of medical technology costs and its value. This value may be measured by its therapeutic benefit, its cost-effectiveness, and other outcomes such as quality of life among patients or improved productivity in the workplace (Sorenson et al.,
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- Fall '19