Aleksandrs Kalnins
College of Medicine/College of Business |
Abstract: The Diffusion of Entrepreneurial Initiatives: The Implications of Cost Effectiveness for Innovation Adoption in Diagnostic and Interventional Radiology
The goal of this project is to further the understanding of how cost-effectiveness and outcomes research of diagnostic and interventional radiology impact entrepreneurial efforts of individuals in the field of radiology. Innovation in diagnostic and interventional radiology faces a significant constraint in technology diffusion based on reimbursement criteria which depend on cost-effectiveness and outcomes research. The goal of this study is to understand how cost-effectiveness and outcomes research is performed, as well as its ultimate implication for the diffusion of medical technology.
In the health care industry, the non-profit nature of most institutions presents unique challenges to technology adoption, especially given that new technologies tend to be most expensive at their time of introduction. This project will involve several components: learning about the methods by which advances in radiological technology are evaluated in terms of their marginal benefit and cost in the care of patients; and researching the relationship between cost-effectiveness and outcomes research and the diffusion of technology. Marrying economic issues related to pricing of new technologies with reduction of costs due to product and process improvements will not only have implications for furthering the research frontier in entrepreneurship, but will also result in practical benefits through the identification of strategies that enable faster diffusion of medical innovations. |
