Skip to content
  • About
  • Contact
  • Contribute
  • Book
  • Careers
  • Podcast
  • Recommended
  • Speaking
  • All
  • Physician
  • Practice
  • Policy
  • Finance
  • Conditions
  • .edu
  • Patient
  • Meds
  • Tech
  • Social
  • Video
    • All
    • Physician
    • Practice
    • Policy
    • Finance
    • Conditions
    • .edu
    • Patient
    • Meds
    • Tech
    • Social
    • Video
    • About
    • Contact
    • Contribute
    • Book
    • Careers
    • Podcast
    • Recommended
    • Speaking

Weighing the cost of technology advances in medical devices

Wes Fisher, MD
Tech
July 24, 2013
Share
Tweet
Share

A New York Times op-ed entitled “In Cancer Care, Cost Matters,”  described what may be one of the earliest accounts where doctors at Sloan-Kettering decided not to use a new cancer drug because of its extra cost when they were already using equally-effective drugs for their cancer treatments.  The article piqued my interest.  These days for any doctor who uses expensive technologies, it is easy to see where this evaluation will lead us in our new era of cost concerns in medicine.  Medical device companies should take notice.

Few use more expensive technology in medicine than cardiologists and cardiac electrophysiologists.  Not only is our technology expensive, it is also used frequently.  Cardiovascular disease remains one of the largest cost drivers in medicine.

In the past, doctors (myself included) were complicit with device companies in our use of new technologies, implanting the latest model of defibrillator, for instance, not because it saved lives any better, but more so we could boast that our patients were receiving a “Cadillac” defibrillator rather than a “Ford” device (no disrespect intended to car companies, but you get my drift).  After all, our patients deserved the best and most innovative technology available at the time.  We did not want to be caught in the embarrassing position of being behind innovation power curve either.

I should acknowledge that there have been some very important recent developments with defibrillators since the 2005-2006 device recalls that plagued our specialty.  The ability to monitor device reliability wirelessly facilitated the ability to detect device battery depletions or lead failures and has improved our understanding of tolerable device and lead failure rates, for instance.  But it is not uncommon for a newly-named pacemaker or defibrillator to add several thousand dollars to the health care system over last year’s device yet they may add only minor advances over the prior year’s model.

Pacemakers, too, are being manufactured that are FDA-labelled MRI-tolerant.  But examples of safe application of MRIs to conventional pacemakers are prevalent in the medical literature, so is the extra cost of an MRI-safe pacemaker worth it?  (In actuality, if you ask the informed pacemaker implanters out there, the main reason MRI pacemakers are routinely implanted is not because of safety concerns, but because of the CMS coverage decision for MRI payment in patients with pacemakers)  How do we weigh the cost of these extra advances in technology versus their ability to improve our patients’ actual morbidity and mortality?

Increasingly, doctors will soon be involved with purchasing decisions for advanced technologies.  Pacemakers, defibrillators, implantable monitors, stents, catheters, and even small sheaths will be scrutinized for their utility, ease of use, and cost.  (The liability of not using a technology will also be considered, but this issue is hard to measure and  less familiar to frontline doctors.)

The real question, of course, is will the patient see these cost savings if older technologies are used?  This is hard to say since there are so many layers to our health care system between the patient and the dollar.    Also, how will patients react when they find out online that their model of medical device is last year’s model rather than this year’s?  Will they seek another hospital system with shinier walls and bigger names?  It’s impossible to tell.

But if hospitals are smart, they’ll make it clear to the patient on their bill what they saved themselves by using an earlier-year device.  Medical device companies, too, might shift their marketing tactics to costs and benefits from things like size or shape of their device.

But one thing’s for certain in the days ahead: device companies will have to carry not just this year’s model of device, but last year’s, too.  Innovations in technologies will be harder to sell unless they show real patient morbidity or mortality benefit.  Companies will have to adapt their marketing campaigns since cost savings, done correctly, will benefit everyone.

After all, it’s now about real costs and benefits in health care, rather than just sexy bells and whistles.

Wes Fisher is a cardiologist who blogs at Dr. Wes.

Prev

Discovering medicine's unrehearsed harmony

July 24, 2013 Kevin 0
…
Next

The stigma experienced by patients with psychiatric disorders

July 24, 2013 Kevin 27
…

Tagged as: Cardiology

Post navigation

< Previous Post
Discovering medicine's unrehearsed harmony
Next Post >
The stigma experienced by patients with psychiatric disorders

ADVERTISEMENT

More by Wes Fisher, MD

  • How to help physicians end maintenance of certification nationwide

    Wes Fisher, MD
  • When patients tweet their own heart attacks

    Wes Fisher, MD
  • So you failed maintenance of certification. What now?

    Wes Fisher, MD

More in Tech

  • AI in medical imaging: When algorithms block the view

    Gerald Kuo
  • Physicians must lead the vetting of AI

    Saurabh Gupta, MD
  • Why Medicare must embrace AI support

    Ronke Lawal
  • Modernizing health care with AI and workflow

    Christina Johns, MD
  • How to adopt AI in health care responsibly

    Dave Wessinger
  • Is it time for the VA to embrace virtual care?

    Kent Dicks
  • Most Popular

  • Past Week

    • The flaw in the ACA’s physician ownership ban

      Luis Tumialán, MD | Policy
    • The paradox of primary care and value-based reform

      Troyen A. Brennan, MD, MPH | Policy
    • Why CPT coding ambiguity harms doctors

      Muhamad Aly Rifai, MD | Physician
    • Why physicians must lead the vetting of medical AI [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why health care needs empathy, not just algorithms

      Muhammad Abdullah Khan | Conditions
    • Dealing with physician negative feedback

      Jessie Mahoney, MD | Physician
  • Past 6 Months

    • Rebuilding the backbone of health care [PODCAST]

      The Podcast by KevinMD | Podcast
    • The dangerous racial bias in dermatology AI

      Alex Siauw | Tech
    • The dismantling of public health infrastructure

      Ronald L. Lindsay, MD | Physician
    • The flaw in the ACA’s physician ownership ban

      Luis Tumialán, MD | Policy
    • The decline of the doctor-patient relationship

      William Lynes, MD | Physician
    • Diagnosing the epidemic of U.S. violence

      Brian Lynch, MD | Physician
  • Recent Posts

    • A financial vision to define your retirement [PODCAST]

      The Podcast by KevinMD | Podcast
    • AI in medical imaging: When algorithms block the view

      Gerald Kuo | Tech
    • The danger of dismantling DEI in medicine

      Jacquelyne Gaddy, MD | Physician
    • Female athlete urine leakage: A urologist explains

      Martina Ambardjieva, MD, PhD | Conditions
    • Why the 4 a.m. wake-up call isn’t for everyone

      Laura Suttin, MD, MBA | Physician
    • Are you neurodivergent or just bored?

      Martha Rosenberg | Meds

Subscribe to KevinMD and never miss a story!

Get free updates delivered free to your inbox.


Find jobs at
Careers by KevinMD.com

Search thousands of physician, PA, NP, and CRNA jobs now.

Learn more

View 1 Comments >

Founded in 2004 by Kevin Pho, MD, KevinMD.com is the web’s leading platform where physicians, advanced practitioners, nurses, medical students, and patients share their insight and tell their stories.

Social

  • Like on Facebook
  • Follow on Twitter
  • Connect on Linkedin
  • Subscribe on Youtube
  • Instagram

ADVERTISEMENT

ADVERTISEMENT

  • Most Popular

  • Past Week

    • The flaw in the ACA’s physician ownership ban

      Luis Tumialán, MD | Policy
    • The paradox of primary care and value-based reform

      Troyen A. Brennan, MD, MPH | Policy
    • Why CPT coding ambiguity harms doctors

      Muhamad Aly Rifai, MD | Physician
    • Why physicians must lead the vetting of medical AI [PODCAST]

      The Podcast by KevinMD | Podcast
    • Why health care needs empathy, not just algorithms

      Muhammad Abdullah Khan | Conditions
    • Dealing with physician negative feedback

      Jessie Mahoney, MD | Physician
  • Past 6 Months

    • Rebuilding the backbone of health care [PODCAST]

      The Podcast by KevinMD | Podcast
    • The dangerous racial bias in dermatology AI

      Alex Siauw | Tech
    • The dismantling of public health infrastructure

      Ronald L. Lindsay, MD | Physician
    • The flaw in the ACA’s physician ownership ban

      Luis Tumialán, MD | Policy
    • The decline of the doctor-patient relationship

      William Lynes, MD | Physician
    • Diagnosing the epidemic of U.S. violence

      Brian Lynch, MD | Physician
  • Recent Posts

    • A financial vision to define your retirement [PODCAST]

      The Podcast by KevinMD | Podcast
    • AI in medical imaging: When algorithms block the view

      Gerald Kuo | Tech
    • The danger of dismantling DEI in medicine

      Jacquelyne Gaddy, MD | Physician
    • Female athlete urine leakage: A urologist explains

      Martina Ambardjieva, MD, PhD | Conditions
    • Why the 4 a.m. wake-up call isn’t for everyone

      Laura Suttin, MD, MBA | Physician
    • Are you neurodivergent or just bored?

      Martha Rosenberg | Meds

MedPage Today Professional

An Everyday Health Property Medpage Today
  • Terms of Use | Disclaimer
  • Privacy Policy
  • DMCA Policy
All Content © KevinMD, LLC
Site by Outthink Group

Weighing the cost of technology advances in medical devices
1 comments

Comments are moderated before they are published. Please read the comment policy.

Loading Comments...