2.50
Hdl Handle:
http://hdl.handle.net/10755/159644
Type:
Presentation
Title:
A model for the economic evaluation of health technology
Abstract:
A model for the economic evaluation of health technology
Conference Sponsor:Midwest Nursing Research Society
Conference Year:2001
Author:Murray, Mary
P.I. Institution Name:University of Wisconsin
Title:Assistant Professor
Contact Address:School of Nursing, Clinical Sciences Center H6/150, 600 Highland Avenue, Madison, WI, 53792-2455, USA
Contact Telephone:608.263.6945
Purpose: to analyze the costs of the development of a research technology and to determine the value that subjects place on the use of the technology. Framework: A resource utilization model based on a production process is summarized as: QHC=f (I1 + I2 + I 3 + Z?S) where the output quantity HeartCare (QHC ) is a function of identified inputs (I). Method: Two economic strategies are used: cost analysis and willingness to pay (WTP). Sample: Data encompasses all development costs over a three-year period at two study sites. Costs of inputs of different personnel are analyzed. WTP includes data from 50 patient subjects who have received the HeartCare intervention. Results: Analysis to date shows variation in inputs of project staff at different time periods. Out of pocket payment compared to insurance coverage payment of WTP differs more than payment amount than by time period. Extrapolations of short-term versus long-term cost comparisons of technology interventions and traditional interventions suggest potential differences. Conclusion: The production function framework permits analysis of the combinations of inputs used, the corresponding costs, and the potential effects of substitution of less costly inputs for more costly inputs.
Repository Posting Date:
26-Oct-2011
Date of Publication:
17-Oct-2011
Sponsors:
Midwest Nursing Research Society

Full metadata record

DC FieldValue Language
dc.typePresentationen_GB
dc.titleA model for the economic evaluation of health technologyen_GB
dc.identifier.urihttp://hdl.handle.net/10755/159644-
dc.description.abstract<table><tr><td colspan="2" class="item-title">A model for the economic evaluation of health technology</td></tr><tr class="item-sponsor"><td class="label">Conference Sponsor:</td><td class="value">Midwest Nursing Research Society</td></tr><tr class="item-year"><td class="label">Conference Year:</td><td class="value">2001</td></tr><tr class="item-author"><td class="label">Author:</td><td class="value">Murray, Mary</td></tr><tr class="item-institute"><td class="label">P.I. Institution Name:</td><td class="value">University of Wisconsin</td></tr><tr class="item-author-title"><td class="label">Title:</td><td class="value">Assistant Professor</td></tr><tr class="item-address"><td class="label">Contact Address:</td><td class="value">School of Nursing, Clinical Sciences Center H6/150, 600 Highland Avenue, Madison, WI, 53792-2455, USA</td></tr><tr class="item-phone"><td class="label">Contact Telephone:</td><td class="value">608.263.6945</td></tr><tr class="item-email"><td class="label">Email:</td><td class="value">memurra1@facstaff.wisc.edu</td></tr><tr><td colspan="2" class="item-abstract">Purpose: to analyze the costs of the development of a research technology and to determine the value that subjects place on the use of the technology. Framework: A resource utilization model based on a production process is summarized as: QHC=f (I1 + I2 + I 3 + Z?S) where the output quantity HeartCare (QHC ) is a function of identified inputs (I). Method: Two economic strategies are used: cost analysis and willingness to pay (WTP). Sample: Data encompasses all development costs over a three-year period at two study sites. Costs of inputs of different personnel are analyzed. WTP includes data from 50 patient subjects who have received the HeartCare intervention. Results: Analysis to date shows variation in inputs of project staff at different time periods. Out of pocket payment compared to insurance coverage payment of WTP differs more than payment amount than by time period. Extrapolations of short-term versus long-term cost comparisons of technology interventions and traditional interventions suggest potential differences. Conclusion: The production function framework permits analysis of the combinations of inputs used, the corresponding costs, and the potential effects of substitution of less costly inputs for more costly inputs.</td></tr></table>en_GB
dc.date.available2011-10-26T22:12:14Z-
dc.date.issued2011-10-17en_GB
dc.date.accessioned2011-10-26T22:12:14Z-
dc.description.sponsorshipMidwest Nursing Research Societyen_GB
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