The new technology assessment

Article Abstract:

Technology assessment refers to the evaluation of new medical technologies and treatments. This practice has become increasingly systematic and objective over time as methods of clinical research have evolved; the ultimate tool of technology assessment is now the randomized clinical trial. The most basic purpose of technology assessment is to evaluate the safety and efficacy of the treatment to assure that the potential benefits outweigh the possible risks. Recently, new dimensions have been added to the process; these include consideration of patient preference, effect on the quality of life, and costs versus benefits. The last consideration has received much attention because the need to contain the ever-rising cost of medical care. Both the federal government and private foundations have committed millions of dollars to technology assessment so that the most cost-effective treatments can be identified. While the value of technology assessment is evident, this practice is also threatening to some. Many physicians believe that ultimately the assessments will limit their autonomy to choose the treatments they consider best. Manufacturers of medical equipment and pharmaceuticals are concerned that technology assessment may inhibit efforts to develop new treatments. Yet it is clear that technology assessment is here to stay, and these groups must try to understand and effectively work with them. This article reviews the nature of technology assessment in medicine, the characteristics of a good assessment, and implications for physicians. (Consumer Summary produced by Reliance Medical Information, Inc.)

Evaluation, Economic aspects, Reports, Testing, Medical research, Technological innovations, Technology assessment, Medical innovations, editorial

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The price of growth in the medical-device industry

Article Abstract:

Boston Scientific outbid Johnson & Johnson to purchase Guidant Corporation, which happened to be substantially more than Boston Scientific's own market value of $20 billion. Boston Scientific will have to charge high prices for its devices in order to rationalize its purchase, which will be difficult due to Medicare's fiscal crisis and the increasingly unstable state of private health insurance.

Acquisitions & mergers, Medical Instruments and Supplies, Medical Equipment and Supplies Manufacturing, Medical Instruments & Supplies, Mergers, acquisitions and divestments, Company acquisition/merger, Medical equipment and supplies industry, Medical equipment industry, Medical test kit industry, Boston Scientific Corp., Guidant Corp., GDT

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Corporate treatment for the ills of academic medicine

Article Abstract:

American Academic Medical center's adopt a more corporate minded approach towards their business as they face newer challenges from a number hospital chains and medical services that specialize in high margin service. The best example of a corporate minded approach is the number of partnerships between different American Medical centers.

Science & research, Health Care and Social Assistance, HEALTH SERVICES, Administration of Public Health Programs, Health Care Services, Medical & Health Services, Care and treatment, Research, Medical care, Patients, Medical care (Private)

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