The biotechnology and medical technology industries are constantly evolving, with new innovations and breakthroughs being developed at a rapid pace. However, despite the numerous benefits that these technologies can provide, the process of bringing them t...
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In today's fast-paced healthcare environment, the adoption of new medical technologies can be a challenging task. The sheer volume of information available, combined with the complexity of the healthcare system, can make it difficult for decision-makers t...
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Return on Investment (ROI) is a financial metric that measures the efficiency of an investment. In healthcare, ROI is used to evaluate the effectiveness of different treatment options, procedures, and technologies. It helps healthcare providers and admini...
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Willingness to pay (WTP) is a measure used in economics and healthcare to indicate the maximum amount of money an individual, organization or society is willing to pay for a good or service. It reflects the value that a person or group assigns to a produc...
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A cost-effectiveness analysis (CEA) is a type of economic evaluation that compares the relative costs and health outcomes of different medical interventions or treatments. The goal of a CEA is to determine the most cost-effective option, or the option tha...
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The incremental cost-effectiveness ratio (ICER) is a measure used in cost-effectiveness analyses to compare the relative cost-effectiveness of different medical interventions or treatments. The ICER expresses the additional cost per unit of health benefit...
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Health Technology Assessment (HTA) is a multidisciplinary process that evaluates the medical, social, economic, and ethical implications of healthcare technologies. Its main goal is to provide information that can support decision-making in healthcare, to...
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Quality-adjusted life years (QALYs) are a measure of the health benefit gained from a medical intervention or treatment. They take into account both the quantity of life gained and the quality of life experienced during that time.QALYs are used in cost-ef...
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