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Siemens Addresses Cost vs. Value Issues In Healthcare and Technology
Date:4/16/2008

Representatives from Capitol Hill Are Briefed on Challenges Facing the

Healthcare Industry

WASHINGTON, April 16 /PRNewswire-FirstCall/ -- Siemens Healthcare (http://www.siemens.com/healthcare), in association with U.S. News & World Report, hosted an exclusive panel discussion today titled "Health Care and Technology: Cost vs. Value," at the National Press Club in Washington, D.C. The event, attended by Congressional staff, senior business executives, and the press, examined the "value paradigm" between advances in technology and rising healthcare costs.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070904/SIEMENSLOGO )

A diverse panel of experts weighed in on the topics of early and frequent use of imaging in shortening initial clinical evaluation, cost effectiveness and accessibility of imaging, the role of patient education, and lessons in deploying health technology and what the industry can expect to deliver in the near term. The panel also examined practical ways in which government and the healthcare industry can create consistent and generally accepted standards for measuring new technologies, maintaining the quality of procedures while reducing costs, and working together for future healthcare innovation.

"Sooner or later, all of us are patients. So, when we go through these deliberations, it is always helpful to use this to guide our decisions in the future," said Dr. Bernadine Healy, health editor, U.S. News & World Report, who also served as panel moderator for the discussions.

The panel debated how to measure the value of medical imaging and how to best reconcile costs in an era of personalized medicine. The audience also heard from the government panelists on how technology is reviewed for potential funding and the need for evidence develop
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