Medical equipment has long been an important facet of almost every hospital and doctor's office. Every new release of a piece of technology can lead to lowered operating costs while making it more likely that patient safety remains at its peak. New studies have found that not only can the equipment lead to high-end improvements in care, but one new venture into the market from a prominent electronics maker may make it even more desirable and easy to use.
Overview of tech is positive
In a general overview of the effects that medical technology and equipment has had in the past few decades, the Philadelphia Star-Ledger found that costs are plummeting as care assistance grows ever higher. In the past 20 years, the price of equipment has risen by only 1 percent annually, half the overall economy's growth rate. Advanced technology wasn't much more expensive in that time, as costs only rose 6 percent from 1992 to 2010.
Implants in particular are seeing declining costs. From 2007 to 2011, the average cost of artificial hips and knees fell by 23 and 17 percent, respectively. Patients who receive these components see high increases in overall quality of life, as well. Medicare patients who have received replacements have half the risk of death after a seven-year span compared to other patients, while the long-term savings of a single implant is nearly $19,000. In total, the past two decades have seen five years added to the average American lifespan and $12 billion in savings per year among patients.
Benefits may grow further with Apple
As much of an improvement as medical devices have provided, their reach may become even easier to improve. Recent information surrounding Apple's latest developments of its devices, specifically wearable ones, has led some to believe the company is soon going to release new medical products, CNET reported.
Should Apple build out a full healthcare services program, as many in the tech field expect, they may give doctors a wider collection of patient health records than they've worked with before. Early predictions say the Apple device will be able to track patient oxygen, blood pressure, heart rate and blood sugar levels. Having this information at the outset of an appointment may give doctors better information about potential maladies than ever before.
Equipment and healthcare industry piece brought to you by Marlin Equipment Finance, leaders in healthcare equipment financing. Marlin is a nationwide provider of equipment financing solutions supporting equipment suppliers and manufacturers in the security, food services, healthcare, information technology, office technology and telecommunications sectors.