Medical Device Chasm

By Ibby Smith Stofer

Medical Device Technology advancements create challenges for hospitals, other healthcare providers and device manufacturers.

Like with computers, the rapid changes in technology have proven challenging for healthcare to keep pace with the added pressure from reimbursement reductions and penalties, as well as merger and acquisitions which restrict access to capital budgets and the need to invest in revenue-producing projects.

Yet clinical advancements designed to improve patient satisfaction and care are attractive to the clinical staff and are often seen as necessary to spite the capital constraints. If they are to keep pace and attract physicians as well as patients, they must provide the latest and best technology. How can they accomplish this in an ever-increasing, cost sensitive environment?

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