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Title:Adoption of new technologies and costs of health care PDF Logo
Authors:Kulvik, Martti
Linnosmaa, Ismo
Hermans, Raine
Issue Date:2006
Series/Report no.:ETLA Discussion Papers, The Research Institute of the Finnish Economy (ETLA) 1037
Abstract:New technological applications are usually expected to increase the health care costs. But they can also spawn cost savings in the long run, for example, when making time-consuming diagnostic methods more efficient and facilitating targeted therapy. This study analyses how the implementation of new technological applications in acute treatment affects the long-term cost structure of health care. The non-monetary utility is compared to cost-efficiency impacts of a new technology. A theoretical apparatus is constructed and utilized in two empirical cases: thrombolytic therapy for stroke, and Boron Neutron Capture Therapy (BNCT) on glioblastoma-type brain cancers. The empirical cases indicate how the monetary cost-efficiency of the new technologies can be related to the nonmonetary patient utility.
Subjects:technology, health care, costs
JEL:I11
L65
Document Type:Working Paper
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

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