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A model for economic analysis
Mary Ellen Murray1, Patricia Flatley Brennan, Shirley M Moore
1University of Wisconsin-Madison, School of Nursing, Madison, WI, USA.
A new production process model aids economic evaluation for healthcare initiatives. This model was demonstrated using a home care computer intervention project.
Area of Science:
- Health economics
- Healthcare management
- Health services research
Background:
- Economic evaluation is crucial for healthcare decision-making.
- Existing models may not fully capture the complexities of healthcare production.
- A structured approach is needed to guide the economic assessment of healthcare interventions.
Purpose of the Study:
- To propose a novel production process model for economic evaluation in healthcare.
- To demonstrate the model's applicability using a real-world case study.
Main Methods:
- Development of a conceptual production process model.
- Application of the model to data from a home care computer intervention project.
Main Results:
- The production process model provides a framework for analyzing healthcare production.
- The case study illustrates how the model can guide economic evaluation of technology adoption.
Conclusions:
- The proposed production process model offers a valuable tool for economic evaluation in healthcare.
- This model can enhance the systematic assessment of healthcare projects, programs, and technologies.
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