How do we evaluate the cost of healthcare technology?

Joel J. Nobel

doi:10.1117/12.195437

6 December 1994 How do we evaluate the cost of healthcare technology?

Joel J. Nobel

Proceedings Volume 2307, Health Care Technology Policy I: The Role of Technology in the Cost of Health Care; (1994) https://doi.org/10.1117/12.195437
Event: The Role of Technology in the Cost of Health Care, 1994, Arlington, VA, United States

Abstract

Five critical questions apply when evaluating the cost of healthcare technology: Who is asking the question (of how to evaluate healthcare costs)? For what purpose? What is the nature of the decision that must be made? At what state of a technology’s development and diffusion are the questions being posed? What type of technology is stimulating the questions? A large number of organizations, both national and international, are engaged in technology assessment, and constructive disagreement improves the overall quality of those assessments. Current cost measurement tools such as cost-utility analysis, cost-benefit analysis, cost-effectiveness analysis, and outcomes research are weak and ineffective. Recently, pharmaceutical manufacturers have adopted more global cost-effectiveness studies. Technology assessments will ultimately focus on examining the relative cost-effectiveness of alternative technologies for a specific pathology or DRG. In addition to the traditional healthcare facility—hospital, outpatient facility, or group practice, group purchasing organizations are also asking about cost-effectiveness of healthcare. ECRI’s SELECT’” process, unlike less effective technology assessments, takes into account real- world user experience data and life-cycle cost (LCC) analysis in addition to detailed comparisons of technical features and performance.

Citation Download Citation

Joel J. Nobel "How do we evaluate the cost of healthcare technology?", Proc. SPIE 2307, Health Care Technology Policy I: The Role of Technology in the Cost of Health Care, (6 December 1994); https://doi.org/10.1117/12.195437

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