Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/50276

Medical Technology Investment Decision-Making at U.S. Hospitals: A Comparative Case Study of Four Organizations

File SizeFormat 
paper0389.pdf723.66 kBAdobe PDFView/Open

Item Summary

Title: Medical Technology Investment Decision-Making at U.S. Hospitals: A Comparative Case Study of Four Organizations
Authors: Wernz, Christian
Zhang, Hui
Keywords: IT Adoption, Diffusion and Evaluation in Healthcare
Case study; Decision making; Healthcare management; Medical technology; Technology Investment.
Issue Date: 03 Jan 2018
Abstract: Investments in expensive medical technologies, ranging from computed tomography (CT) scanners to proton beam accelerators, consume a major share of hospitals’ capital budgets. The demand by physicians, patients and other stakeholders for medical technologies often exceeds a hospital’s financial resources. When allocating their tight budgets, hospitals also need to account for multiple organizational objectives. The objective of this paper is to analyze current practices in medical technology investment decision-making at U.S. hospitals. Through semi-structured interviews of administrators at four hospital organizations, we obtained information on their medical technology investment decision approach. Findings from our interviews confirm that a systematic decision process that considers all organizational objectives, analyzes and integrates comprehensive data, and is objective and consistent is rarely applied. We propose that hospital organizations develop and implement such systematic processes and do so by building upon decision analysis principles and approaches, such as the Simple Multi-Attribute Rating Technique (SMART).
Pages/Duration: 9 pages
URI/DOI: http://hdl.handle.net/10125/50276
ISBN: 978-0-9981331-1-9
Rights: Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections:IT Adoption, Diffusion and Evaluation in Healthcare


Please contact sspace@hawaii.edu if you need this content in an alternative format.

Items in ScholarSpace are protected by copyright, with all rights reserved, unless otherwise indicated.