U. S. MEDICAL TECHNOLOGY 2025
U. S. Medical Technology 2025
U. S. Medical Technology 2025
Medical technology has a significant impact in not only the delivery of health care but, in shaping its future as well. You would be hard pressed to find an aspect of healthcare that does not rely heavily upon technology or seek out its prospective advancements in order to provide process improvement. Documenting patient encounters, early detection of disease, surgical intervention and even funding are but a few variables that can be attributed to the U.S healthcare system’s dependence on technological innovation. The outlook for health care in the United States is promising and, in looking to the future, is tied directly to the evolution of medical technology.
As technology continues to grow, so will the way in which people receive and control their medical records. The EMR also known as the Electronic Medical Record has a number of benefits for both the patient at the provider. For example, the EMR can take data from a patient and track trends over a period of time. These trends can be used to identify potential problems and diseases and also determine which preventive screenings are due at a particular interval. Other benefits of the Electronic Medical Record include having the ability to not only determine what preventive measure can be taken but give a patient with high blood pressure the ability to monitor his or her information to improve his or her overall health care. (Healthhit.gov, n.d.)
The EMR of today consists of many portable computer stations and personal tablets used to document the patient’s health visit. Currently health care information is protected by the Health Insurance Portability and Accountability Act of 1996. The goal of HIPPA is to protect the health information of patients and help control the cost. HIPPA is also divided into a number of sections that address certain parts of reform for health insurance. (Dreyzehner, n.d.)
As technology continues to change the way in which healthcare interaction occurs, the Electronic Medical Record will play a huge part in 2025. In the year 2025, the individual’s electronic record may not even look like the records we are so used to today. People will be able to track their own health with smaller, more compact devices. The Electronic Medical Record of the future will have more integration with the patient as a whole, with quicker results, and will require new privacy policies to protect the patient. For example, imagine a doctor who has been monitoring a bedridden patient from a clinic located 3000 miles away. The patient has a thermometer that connects directly to his or her medical record that the physician has access too. Imagine the physician being able to not only receive the patient’s temperature but also test a sample of saliva that is used to inform the patient that he or she now has early stages of lung cancer that can be removed and treated. That is only one scenario of how the Electronic Medical Record will change because of technology in 2025. (Juneja, 2014)
Global connection will also change the EMR in 2025. Information will flow more freely and will allow for positive relationships between different societies. (MDG, n.d.) HIPAA policies will be adjusted with the changing Electronic Medical Record to ensure that a patient’s privacy is protected but adapted for the new ways in which information will be shared among healthcare providers.
Technology will play a major role in health care in 2025 and will allow the patient to have full control of their health care. In 2025, health care will really focus on the patient, keeping them out of the hospital because they are healthy. There will be many new products that will allow patients/consumers to be motivated to stay healthy and in control of their health.
Currently as patients we struggle with the fact that health care is expensive. A simple visit to the doctor could cost many people at least a months pay. In 2025, the new technology will minimize visits to the doctor and alleviate major expenses. For example, smart phones will become a patients “nurse.” A nurse provides basic tests such as vital signs and blood sugar levels. These new apps for the smart phone will be available to monitor different problems a patient might have, such as blood pressure/sugar and heart rate or just keep track of simple vital signs like a nurse would.
There will also be many different sensor and microchips available to wear. These sensors and microchips will send any and all information to the appropriate app and the patient can monitor their health. Also, with these microchips and sensors, the patient will have a choice to send the information to their primary doctor. This will allow for the doctor to monitor the more high-risk patients. Furthermore, the sensors will be able to sense major problems in a person’s body such as cancer. Although, some may see this as an invasion of privacy, the main purpose of these new technologies is to help the patient find a health problem before it becomes chronic or terminal, not to monitor people and what they do on a day to day basis.
The provider’s role in 2025 as it pertains to healthcare technology will largely involve quality control. Technology developers will benefit greatly from providers who serve as quality assurance advisors who have direct clinical knowledge of the problem in which the technology is supposed to solve. Providers are on the front lines of recognizing clinical need to allow better patient outcome. This access allows the provider to play a vital role in the development, promotion and adoption of healthcare technology.
As we move towards 2025, all providers will operate in a mobile environment creating an environment conducive to mobile diagnostic and treatment solutions. Technology serves to solve a specific clinical or healthcare problem. In order to develop future technological advances, identification of medical needs is necessary. As providers become more technologically savvy, they will be sought out to help develop a marketable product that will fulfill a clinical need.
Providers will also serve with the promotion and adoption of new healthcare technology. Since they interact directly with the patient, they can promote patient friendly technologies that would benefit their overall health. From diagnostic equipment to mobile applications and surgical techniques, the provider will be the pivotal player when it comes to promotion and adoption of healthcare technology.
The financial aspect of healthcare technologies in the United States is somewhat of an insidious condition. Capitalism is a way of life that has grown deep roots in the American psyche and in order to nurture that concept almost everything done today, be it political, entrepreneurial, or business, must adhere to the unwritten rule of money first. The medical community, technology in particular, is no exception. The United States’ medical industry accounted for $2.8 trillion dollars or 17.2% of the Gross Domestic Product (GDP) (CMS, 2012). This far exceeds those of other westernized nations and is not showing indications of this static in a downward trend. In fact, reports from the National Health Expenditure Data (NHE) indicate that by 2022, the piece of pie belonging to healthcare GDP will rise to 19.9% (CMS, 2012).
The current business models adopted by hospitals, drug manufactures, technology firms, and shareholders alike will have to be drastically altered in order to survive the sweeping changes of the Patient Protection and Affordable Care Act of 2010. Not only did this piece of legislature implement law and regulation but it rode on the back of a ground swelling of support from the American population. That shift of the American psyche will reverberate into the political, entrepreneurial, and business fundamentals mentioned earlier. We anticipate by 2025 the finance of health care to rise only to plateau due to the implementation of EHR systems and new, more affordable, technologies to hit the market place. The need to develop technologies that will keep pace with the demand of an aging population and the newly insured, will surely feed the appetite of entrepreneurs and shareholders. This demand is why we anticipate a rise in spending and cost, even though the intention of the ACA is to reduce it. Once the healthcare market stabilizes from the increased demand and regulations catch up to close unforeseen loopholes, the financial aspect or GDP will plateau.
The stock market is the best indicator as to how the business world reacts to the ebb and flow of current regulations as well as anticipating future trends. The health care sectors of the DOW Jones, healthcare technologies in particular, have enjoyed a 368% increase or profit margin in the last five years and a 5% year to date (YTD) return (Fidelity, 2014). These colossal profits are hard to ignore when exploring future trends. There are no signals from the market place that demand for new technologies will decrease so one can only assume that 2025 will create new opportunities for companies to expand their profit margins by creating the most updated technologies available. The pharmaceutical market has also benefited with a 102% profit margin over the last five years (Fidelity, 2014). The importance of this statistic when discussing technologies is the research and development aspect of new drugs. To meet market demand and satisfy the company’s financial goals, the latest and most technologically advanced research must be conducted. In turn the payout will net huge profit margins for the company and place a further strand on the consumers seeking fair distribution of new treatment options.
The ACA is in its infancy and the financial markets have only begun to sort through the possibilities in regard to profit and product production. Once tech companies adjust to the new regulations and implement new business models the year 2025 will be upon us. It will then be the government’s burden to rein in cost by regulating distribution or even stifling available technologies to ensure costs are kept to a minimum allowing increased and fair use by consumers.
As 2025 approaches, technology will dramatically change the way we receive and accept health care. Electronic medical records will evolve to where patients will have current time data and security will advance to ensure that patient safety is safe guarded. The patient in 2025 will have more interaction with the way in which they received their care, and physicians will have the ability to exchange information regarding their patients with real time diagnoses. Initially the finance burden will go up with the cost of new technology, but by 2025 the cost of these technologies will begin to pay for themselves. No one really knows what the future holds for healthcare, but technology will play an intricate role in almost every aspect of that change. Now we just have to wait and see.
Centers for Medicare and Medicaid Services. (2012). National Health Expenditure Data.
Dreyzehner, J. (n.d.) WHAT IS HIPPA? Retrieved on 23 September 2014 from:
Fidelity. (2014). Health Care Technology. Retrieved from http://www.eresearch.fidelity.com
HealthIT.gov (n.d.) What is an Electronic Medical Record (EMR)? Benefits of EHRs. Retrieved on 23 September 2014 from: http://www.healthit.gov/providers-professionals/electronic- medical-records-emr
Juneja, M. (2014)Healthcare in the Future: Will Advancing Technolgoy make Doctors
Unemployed? Retrieved on 23 September 2014 from: http://maneeshjuneja.com/blog/2014/3/24/health2025
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