Answered Essay: Some hospitals had invested significant funds in the older machines, and had not

Some hospitals had invested significant funds in the older machines, and had not yet reached the point where they were paid off. Should competition have a free hand in this situation if the patients do not understand the quality differences? If a hospital makes an investment in new technology only to see a competitor promote a new technology more effectively, does that discourage institutions from investing in machines that can be useful in healthcare?

Expert Answer


A hospital nowadays is a place where majority of the people visit for one reason or the other.It is one of the most visited places to cure any kind of disease. A hospital should be updated with the latest technology of whatever is needed specially in machinery. If a competitor promotes new technology more effectively it should not discourage other institutions in investing in machines for healthcare sectors because this field specially health related will always be in need of latest technology.Every day comes up with a new kind of health related issues and solutions to it.So there always will be changes and healthcare centres should upgrade themselves even among tough competitors.

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