Abstract

US healthcare has made huge progress in technological advancements and regulatory standards over the last century. Despite this, healthcare as an industry has many challenges which are experienced by many patients on a daily basis and has also become a hot topic for politicians to debate in recent years. This study aims to identify technological advancements in healthcare and their socioeconomic impacts. In order to precisely pin down the opportunities related to technology in healthcare, researchers seek to find answers to questions related to technological advancements in healthcare over the past century to present day, make comparisons of advances in healthcare with the manufacturing industry, and observe technology’s relationship with socioeconomic status of today’s society and healthcare. The research was conducted through an extensive literature review using online resources available through the university and public databases. Findings of this research study suggest that healthcare is nimble in its overall advancement but in regards to technology, it is still catching up compared with other industries like manufacturing. Technology is definitely a boon to society from a healthcare perspective but it can also be a disadvantage at times due to its poor management and system wide applications.