PUB HLTH 7081OL Health Economics

PUB HLTH 7081OL Health Economics

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PUB HLTH 7081OL Health Economics

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PUB HLTH 7081OL Health Economics

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Course Code: PUBHLTH7081OL
University: The University Of Adelaide

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Country: Australia

Question:
Write about the Health Economics for Modern Technologies.
 
Answer:

Introduction
Healthcare sector is one of the rapidly growing sectors in the society, also being the most essential industry. With the rapid growth in the industry as well as in technology, it is important for the healthcare sector to adopt the modern technologies, such that it can keep up with the pace of the world. This essay highlights the features of the healthcare technologies that makes them being adopted easily, along with the features that is likely to make them adopted most slowly.  
Features of the Healthcare Technologies that Assist in Adopting them Most Quickly
The healthcare sector needs to be one of the most advanced sectors in the society, as it takes care of the health of the people.  The features of the healthcare technology that assists them to be adopted easily includes the extensive use of information technology in the healthcare systems. The features are as follows:

Accuracy: The advancement in technology in the healthcare sector ensures that the accuracy in measurement of the various body parameters are achieved (Cao et al. 2014). The accuracy in measurement and count is one of the essential features of the healthcare technologies, since miscalculation will hamper the health of the patients. This feature is achieved as an advantage over the manual healthcare systems. Thus, accuracy helps the healthcare technologies to be adopted quickly.
Automation: The feature of automation of the healthcare devices and the hand held devices has made it easily adaptable. Manual devices did the measurement of the body parameters such as pressure and heart beat previously (Gao et al. 2015). However, with automation, the patients are able to measure their own pressure and rate of heartbeat with ease.
Efficiency: With the advancement in healthcare technology, efficenecy has been achieved. Earlier, the manual errors made the results of the various pathological tests erroneous. However, the use of information technology in the healthcare technology resulted in achievement of efficiency in the test results. Thus, manual errors are eliminated, making the healthcare technologies more acceptable easily (Gronvall and Verdezoto 2013).  
Incorporation of bots: The incorporation of the nanobots in the blood is one of the trending technologies in the healthcare sector. These nanobots are put in the blood, that functions as the white blood cells of the human beings and other pathogens for patients whose blood lacks the normal functioning (Hoyt and Yoshihashi 2014). This kind of innovation in the healthcare technology helps it to be adopted very quickly.
Robotic stimulators: The use of robotic stimulators in the healthcare technologies helps it to be adoptable very easily. The robotic fight stimulator is widely use for patients suffering from cancer. These stimulators are designed in such a manner that they are able to fight against the cancerous cells. This feature of the healthcare technology is easily adopted due to its utility.
Mobility of the devices: The mobility of the devices makes the devices hand held and easily useable by the users. Hence, the feature of mobility encourages the users to make it more adoptable (Legare and Witteman 2013).
Ease of use: The healthcare devices come with a user-friendly interface and ease to use features. This makes the healthcare technologies useable. The ease of use is another feature that makes the healthcare technologies used widely in the healthcare sector (Lindberg et al. 2013).

 
Features of the Healthcare Technologies that Assist in Adopting them Most Slowly
Though there are various features of the healthcare technologies that makes them more likely to be adopted very quickly, there are certain features as well, that contradicts the quick adoption. These are as follows:

Security: One of the major concerns that are raised in the use of healthcare technologies is the security issues. Since the healthcare devices deal with sensitive and confidential data of the patients, hence security and confidentiality of data is essential. This feature makes the healthcare technologies likely to be adopted very slowly.  
Data privacy and regulation: The data privacy and regulation is often not abided by the healthcare technologies. Moreover, the devices of the health care sector are often easily hacked since they are not provided with data security and privacy features (Olson et al. 2013). Thus, lack of security makes the health technologies likely to be adopted slowly.
Lack of cost effectiveness: The cost effectiveness is not achieved by the use of the healthcare technologies. This results in the healthcare technologies being adopted slowly. Thus, the adoptability is decelerated by the lack of cost effectiveness.
Lack of durability: The durability of the healthcare technologies and devices are short. The devices are short lived are easily malfunctioned with excessive use among various users. Thus, a large amount of money is used over the healthcare technologies that are short lived, thus making it less likely to be used.
Unable to detect erroneous devices: Since the healthcare sector is becoming more and more dependent on the technologies, hence devices with factory errors need to be detected (Shin et al. 2016). However, it is quite impossible to detect if the healthcare devices are erroneous from the factory itself. Use of such devices will be a complete misguide for the patients as well as doctors. Thus, the lack of efficient detection of erroneous devices is a feature that is likely to make the healthcare technologies adoptable slowly.

Conclusion
Healthcare technologies need to have the feature of advanced technologies that assists them to be adopted easily. The features of the healthcare technologies that makes it easily adoptable includes the features such as automation, accuracy, efficiency, use of bots, robotic stimulation. These enhances the use of healthcare technologies. However, there of some features of the healthcare technologies that makes it less likely to be easily adoptable. These features include the lack of security, lack of data privacy of the sensitive data, as well as lack of cost effectiveness. Thus, the barriers to the use of the healthcare technologies are to be removed, such that the society might be able to utilise the full advantage of the healthcare technologies. 
 
References
Cao, Q., Jones, D.R. and Sheng, H., 2014. Contained nomadic information environments: technology, organization, and environment influences on adoption of hospital RFID patient tracking. Information & Management, 51(2), pp.225-239.
Gao, Y., Li, H. and Luo, Y., 2015. An empirical study of wearable technology acceptance in healthcare. Industrial Management & Data Systems, 115(9), pp.1704-1723.
Grönvall, E. and Verdezoto, N., 2013, September. Beyond self-monitoring: understanding non-functional aspects of home-based healthcare technology. In Proceedings of the 2013 ACM international joint conference on Pervasive and ubiquitous computing (pp. 587-596). ACM.
Hoyt, R.E. and Yoshihashi, A.K., 2014. Health Informatics: Practical guide for healthcare and information technology professionals. Lulu. com.
Légaré, F. and Witteman, H.O., 2013. Shared decision making: examining key elements and barriers to adoption into routine clinical practice. Health Affairs, 32(2), pp.276-284.
Lindberg, B., Nilsson, C., Zotterman, D., Söderberg, S. and Skär, L., 2013. Using information and communication technology in home care for communication between patients, family members, and healthcare professionals: a systematic review. International journal of telemedicine and applications, 2013.
Olson, S.A., Obremskey, W.T. and Bozic, K.J., 2013. Healthcare technology: physician collaboration in reducing the surgical cost. Clinical Orthopaedics and Related Research®, 471(6), pp.1854-1864.
Shin, J., Kim, Y., Nam, H. and Cho, Y., 2016. Economic evaluation of healthcare technology improving the quality of social life: the case of assistive technology for the disabled and elderly. Applied Economics, 48(15), pp.1361-1371.

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