Washington State Biomedical Association

Healthcare costs in the U.S. are running well over $2.2 trillion each year. The hospital market alone will reach an estimated $700 billion over the next couple of years. High tech capital equipment makes an important impact both on costs and outcomes. Each year providers will purchase $31 billion worth of high-tech laboratory, patient monitoring, imaging, radiation therapy, and robotic technology. Healthcare IT and telemedicine technology add another $35 billion or more to the bottom line. If you combine these high technology items with lower-end healthcare technologies, a hospital can expect to spend at least 2% to 3% of its budget on new technology every year, and that excludes service costs. This is a trend that will continue as the population ages and consumers and physicians demand more leading edge technology.

The Economics of Service

MDBuyline article by James X Laskaris.