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Applying health economics for policy decision making: how much do devices differ from drugs?

Sorenson, Corinna and Tarricone, Rosanna and Siebert, Markus and Drummond, Michael (2011) Applying health economics for policy decision making: how much do devices differ from drugs? Europace, 13. pp. 1154-1158. ISSN 1099-5129

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Identification Number: 10.1093/europace/eur089

Abstract

Medical devices pose unique challenges for economic evaluation and associated decision-making processes that differ from pharmaceuticals. We highlight and discuss these challenges in the context of cardiac device therapy, based on a systematic review of relevant economic evaluations. Key challenges include practical difficulties in conducting randomized clinical trials, allowing for a 'learning curve' and user characteristics, accounting for the wider organizational impacts of introducing new devices, and allowing for variations in product characteristics and prices over time.

Item Type: Article
Official URL: http://europace.oxfordjournals.org/
Additional Information: © 2011 European Society of Cardiology
Subjects: H Social Sciences > HB Economic Theory
R Medicine > RA Public aspects of medicine
Sets: Research centres and groups > LSE Health
Collections > Economists Online
Date Deposited: 24 Jan 2011 16:45
Last Modified: 18 May 2011 09:52
URI: http://eprints.lse.ac.uk/id/eprint/31644

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