Technology and Cost Containment:
The ongoing increase in the costs of health care has become one of the major impediments towards increasing the accessibility and affordability of care services and enhancing patient outcomes.
Policymakers and various stakeholders in the health care industry have taken various measures to help lessen the costs of these services. One of the major initiatives undertaken by these stakeholders is the adoption of technology to address health care issues related to cost. Health information technology incorporates a wide range of technologies that are used to manage and share patient information electronically instead of the use of paper records (Takvorian, n.d.). Health information technology has been adopted because of its potential to enhance patient safety, improve the quality and efficiency of health care, and assist in restraining the rising costs.
Even though technology is considered as a major measure for lessening the escalating costs of health care, there have been several concerns on whether this initiative can actually achieve this goal. Some experts in this industry state that the development and diffusion of health information technology is one of the major factors for the constant difference between health expenditures and overall economic growth. In contrast, other experts argue that health information technology may contribute to nearly one-half or more of actual long-term...
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