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Can health economics aid decision making in healthcare innovation in academia?

Lu, Bo; Martin, Jennifer L.; Craven, Michael P.; Morgan, Stephen P.

Authors

Bo Lu

Jennifer L. Martin Jennifer.martin@nottingham.ac.uk



Abstract

Health economics is extensively used by reimbursement agencies to make decisions on whether to adopt new medical technologies. It is also used by the healthcare industry as an aid to decision making during product development. This paper proposes that academic healthcare technology transfer could also benefit from adopting health economics. The study investigated the knowledge and attitudes of academic staff involved in developing and transferring healthcare technologies. The participants had little or no prior knowledge of health economics; however, the majority reported that this method had the potential to aid development and commercialisation. The innovations developed by the workshop attendees and their commercialisation plans were of a type that could potentially benefit from cost-effectiveness calculations. Health economics has the potential to make valuable contribution to academic healthcare innovation. Research is required to develop this method further and ensure that it can be successfully applied in academia.

Citation

Lu, B., Martin, J. L., Craven, M. P., & Morgan, S. P. (2012). Can health economics aid decision making in healthcare innovation in academia?. International Journal of Technology Transfer and Commercialisation, 11(1/2), doi:10.1504/IJTTC.2012.043911

Journal Article Type Article
Publication Date Jan 1, 2012
Deposit Date Feb 16, 2016
Publicly Available Date Feb 16, 2016
Journal International Journal of Technology Transfer and Commercialisation
Print ISSN 1470-6075
Electronic ISSN 1470-6075
Publisher Inderscience
Peer Reviewed Peer Reviewed
Volume 11
Issue 1/2
DOI https://doi.org/10.1504/IJTTC.2012.043911
Keywords Health Economics; Healthcare technology; Academic innovation; Technology transfer; Cost-effectiveness analysis; Decision making; Stage gate model
Public URL http://eprints.nottingham.ac.uk/id/eprint/31756
Publisher URL http:/dx.doi.org/10.1504/IJTTC.2012.043911
Copyright Statement Copyright information regarding this work can be found at the following address: http://eprints.nottingham.ac.uk/end_user_agreement.pdf
Additional Information Copyright Inderscience 2012

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Copyright Statement
Copyright information regarding this work can be found at the following address: http://eprints.nottingham.ac.uk/end_user_agreement.pdf





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