The Impact of Public Investment in Medical Imaging Technology: An Interagency Collaboration in Evaluation

Alan C. O'Connor (), Albert Link, Brandon M. Downs () and Laura M. Hillier ()
Additional contact information
Alan C. O'Connor: RTI International, Postal: RTI International, 3040 Cornwallis Road, Research Triangle Park, NC 27709 USA,
Brandon M. Downs: Canada Foundation for Innovation, Postal: Canada Foundation for Innovation, 450-230 rue Queen St., Ottawa, Ontario K1P 5E4,
Laura M. Hillier: Canada Foundation for Innovation, Postal: Canada Foundation for Innovation, 450-230 rue Queen St., Ottawa, Ontario K1P 5E4,

No 14-8, UNCG Economics Working Papers from University of North Carolina at Greensboro, Department of Economics

Abstract: The Canada Foundation for Innovation (CFI) and the Canadian Institutes of Health Research (CIHR) allied to analyze the impact of their investments in medical imaging research. The CFI funds capital and operating programs for research infrastructure, and CIHR’s mandate concentrates its funding on research activity. It happens that CIHR-funded research consumes CFI-funded infrastructure as an input in the innovation process. Apart from a few partnered programs, by design there is no coordination between CFI and CIHR funding decisions. Together, these agencies invested $916 million over a 14 year period. In this paper we evaluate the economic and health benefits from advancements in one funded area, namely computed tomography perfusion (CTP). CTP is an imaging technique that uses computed tomography to measure blood flow in organs and tissues. It is most used to assess acute ischemic stroke. The net social benefits attributable to these investments are substantially positive: the benefit-to-cost ratio is estimated to be between 6.66-to-1 and 9.99-to-1. We review how public investments from multiple funders comingle in the innovation process to deliver social value and improved health outcomes.

Keywords: cost-benefit analysis; innovation; technology; medical imaging research; innovation; CT perfusion; stroke; Canada (search for similar items in EconPapers)
JEL-codes: H43 O31 O33 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2014-11-11
New Economics Papers: this item is included in nep-cse, nep-ino and nep-ppm
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Journal Article: The impact of public investment in medical imaging technology: an interagency collaboration in evaluation (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ris:uncgec:2014_008

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