Cost-Reducing Innovation In Health Care

Health Care Cost Containment and Medical Innovation

Introduction Innovations in medical care have led to improvements in quality and quantity of life. Researchers estimated that improvements in medical care contributed to the life expectancy for newborns increasing by almost seven years from 1960 to 2000. However, U.S. health spending reached an estimated 2.7 trillion dollars in 2010 and the health share of the gross domestic product is projecte...

Health care innovation in an era of cost containment.

Innovation in primary care for cost effective health services.

Annual spending on health care constitutes a large percentage of Gross Domestic Product in the OECD countries and yet the demand for healthcare in those countries continues to soar. Policymakersworldwide recognise that we must reduce the growing dependence on expensive medical treatments for many preventable conditions and aim to diagnose them sooner, when treatment can be curative, rather than...

Innovation in Rehabilitation Services and Clinical Programs for Health Care

Rehabilitation program is a critical piece of clinical care strategy in order to accelerate healing and improve quality of life to the fullest extent possible. An innovated program should have 3 inspiring concepts: Seek inspire and Advance. Seeking and evaluating is a breakthrough technology, innovative methodology and emerging trend in the healthcare industry. The program should inspire clinic...

Optimal licensing innovation * of cost - reducing

We analyze licensing of a cost reducing innovation to an oligopolistic industry, and extend previous work by Kamien and Tauman (1986) and Katz and Shapiro (1986) in two directions. First, our analysis applies to a wider class of demand functions than linear ones. Second, we derive a simple optimal licensing mechanism for the patentee. We also examine three licensing mechanisms commonly discusse...