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The Economics of New Health Technologies - Incentives, organization, and financing (Paperback)
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The Economics of New Health Technologies - Incentives, organization, and financing (Paperback)
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Technological change in healthcare has led to huge improvements in
health services and the health status of populations. It is also
pinpointed as the main driver of healthcare expenditure. Although
offering remarkable benefits, changes in technology are not free
and often entail significant financial, as well as physical or
social risks. These need to be balanced out in the setting of
government regulations, insurance contracts, and individual's
decisions to use and consume certain technologies. With this in
mind, this book addresses the following important objectives: to
provide a detailed analysis of what technological change is; to
identify drivers of innovation in several healthcare areas; to
present existing mechanisms and processes for ensuring and valuing
efficiency and development in the use of medical technologies; and
to analyze the impact of advances in medical technology on health,
healthcare expenditure, and health insurance.
Each of the seventeen chapters summarizes an important issue
concerning the innovation debate and contributes to a better
understanding of the role innovation has both at the macro level
and at the delivery (meso) and micro level in the healthcare
sector. The effectiveness of innovation in improving people's
welfare depends on its diffusion and inception by the relevant
agents in the health production process, and this book recognizes
the multi-faceted contribution of policy makers, regulators,
managers, technicians, consumers and patients to this technology.
This book offers the first truly global economic analysis of
healthcare technologies, taking the subject beyond simply economic
evaluation and exploring the behavioral aspects, organization and
incentives for new technology developments, and the adoption and
diffusion of these technologies.
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