To fully understand what is happening in the healthcare industry, one must understand where it came from. The industry was practically a paper and pencil industry just like every other industry; however, healthcare was the last to change making it very time consuming for providers. Technology really didn't exist until the late 1960's early 1970's. The reason is that the industry was not considered to be profitable until the passing of the Social Security Act of 1965. The introduction of Medicare and Medicaid introduced millions of patients as paying patients. These millions of guaranteed dollars under a Fee-For Service reimbursement scheme caused the industry to explode. The more the industry spent, the more money providers received. Innovation took off and costs began rising. In... [continues]
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(2006, 05). Wireless Revolution in Healthcare. StudyMode.com. Retrieved 05, 2006, from http://www.studymode.com/essays/Wireless-Revolution-Healthcare-89525.html
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