What is Health Technology? Medical technology can be understood to describe the methods, tools and processes through which healthcare and information are provided and managed, respectively. When people refer to the advancement of healthcare technology, they are typically referring to innovations in medical and surgical procedures (e.g., joint replacements, gastric sleeves, etc.), medical devices (e.g., ECG machines, CPR simulators, EMA tools , etc.) and new data support systems (e.g., m-health and e-health, telemedicine, EMR, etc.). They can also refer to new pharmaceutical advances (new delivery mechanisms, increased potency, etc.). Recent increases in insurance and care delivery costs have forced health policy analysts to focus on cost containment and affordability (Kaiser Family Foundation, 2007). A major concern of policymakers is to identify and address the drivers of rapid and sustained growth in the healthcare sector. “Analysis of the healthcare sector suggests that the development and diffusion of medical technology are key factors in explaining the persistent disparity between healthcare spending and overall economic growth, with some arguing that new medical technology could account for more than half of long-term spending” (Kaiser Family Foundation, 2007). Healthcare transactions, from billing to patient records, are known to generate enormous volumes of data that too often use outdated and inefficient technology. However, it is well known that the correct application of new technologies can save billions of dollars by eliminating waste, reducing administrative costs and improving healthcare delivery. This supports the case for government-mandated standardization and interoperability supported by public health policy. “Such legislation… middle of paper… all the benefits of these innovations will be realized” (McClellan, 2003). The potential benefits of improving the U.S. health information system are immeasurable. They can be achieved if policymakers continue to develop policies that comprehensively address issues related to the use of health information technologies. It is typical of the US government to resort to familiar policies and government programs that lead to incremental changes without considering what is best for a given situation. “Policymakers should maximize market incentives and innovation in this complex and rapidly advancing field, while preserving the legitimate interests of all stakeholders” (Haislmaier, 2006). The Independent Health Records Bank Act is a great example and starting point for planning optimal improvements in the collection, management and sharing of health data.