A model to optimize investments in health technologies, quality of care and research

Afschin Gandjour

Applied Economics, 2015, vol. 47, issue 20, 2031-2039

Abstract: Funds for health technologies compete with funds for implementing health technologies as well as funds for conducting research to reduce uncertainty around treatment and implementation cost-effectiveness. No study has yet shown how to allocate a combined budget for health technologies, implementation and research. The purpose of this work was to present an allocation model with the goal to maximize health. Based on a constrained optimization formulation, we show that considering opportunities to invest in implementation and research may justify considerable disinvestment in health technologies. This may reduce the willingness to pay for new health technologies significantly.

Date: 2015
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DOI: 10.1080/00036846.2014.995366

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