OBJECTIVES: To examine whether the Delphi method can provide a convenient tool for selecting medical technologies for inclusion in the National List of Health Services (NLHS) in Israel under a pre-defined budget constraint.   METHODS: The Delphi method was applied in two groups: medical specialists (oncologists and cardiologists) and observers in the NLHS committee.  Participants in each group were anonymously asked to choose five of ten suggested technologies from the list of technologies submitted for inclusion in the 2012 NLHS and rank them according to importance. Subsequently, the participants repeated the experiment after receiving aggregated feedback on the relative ranking of each technology within the same group after the first round. Comparison of the results was performed using descriptive statistics and non-parametric tests. RESULTS: After two rounds of the experiment, observers and medical specialists reached agreement on four of the five highest ranked technologies in each field (oncology and cardiology) regarding their importance to be included in the NLHS. Three of these four technologies were indeed included in the NLHS for 2012. CONCLUSIONS: The Delphi method is one of the best-known techniques to control group interaction and reach a consensus by utilizing the expertise of committee members. The study demonstrated the feasibility using the Delphi method for ranking healthcare technologies.