Dos and don'ts for investing in technology

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Be wise with technology investments as the economy rebounds

The economy is starting to show signs of recovery. With this feeling of hope, you shouldn't rush out and buy that $50,000 piece of equipment -- just yet. Investing in technology can greatly enhance your practice, but it must be the correct technology for you and your practice.

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Try before you buy. On paper, some technology purchases look like a fit for your practice. However, products often come with hidden costs that are not readily apparent at first. Ask for a trial period before incorporating technology permanently into the practice.

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Don't rush to make decisions on technology. Technology should always directly or indirectly improve patient care. Before making a large-scale purchase, ask these questions:

  • Will this increase efficiency?
  • Will it provide a return on investment?
  • Will it be easy to use?
The answers to these questions will ensure you make smart buying decisions.

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