1 / 12

Measuring Economic Benefits of E-Health: Theory and Practice

Measuring Economic Benefits of E-Health: Theory and Practice. Masatsugu Tsuji Professor of Economics OSIPP, Osaka University. Methods of Measuring Economic Benefits. Revealed preference method 1. Travel cost method (Evaluation I) 2. Replacement cost method

Download Presentation

Measuring Economic Benefits of E-Health: Theory and Practice

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Measuring Economic Benefits of E-Health: Theory and Practice Masatsugu Tsuji Professor of Economics OSIPP, Osaka University

  2. Methods of Measuring Economic Benefits • Revealed preference method 1.Travel cost method (Evaluation I) 2. Replacement cost method (Evaluation II) 3.Hedonic method • Stated preference method 1.Contingent valuation method (CVM) WTP approach (Evaluation III) Workshop on Standardization in E-health

  3. Evaluation I:Teleradiology (D2D) Local clinic University hospital ISDN 128kbps Traditional method (once a week) Salary: US$ 750 Traveling costs: US$ 130 Total costs: US$ 44,000 Telemedicine Initial costs: US$ 7,500 Monthly fees: US$ 500 fees per picture: US$ 20 Telephone bills (year): US$ 3,150 Total costs: US$ 32,000 Workshop on Standardization in E-health

  4. Evaluation II:Replacement Method (1) How much of hospitalization costs can be saved by E-health Estimation of logistic curves CATV and ISDN Hospitalization costs per elderly patient Estimation of the number of tele-home-care systems Hospital Costs-Savings Workshop on Standardization in E-health

  5. Evaluation II: Replacement Cost Method (2) Estimation Result % CATV US$ billion 10 ISDN ratio 8 40 6 4 30 2 0 20 10 0 2000 0 2 0 05 2010 2015 2020 2 0 2 0 25 2 0 3 0 2 0 3 5 2 0 4 0 2 0 4 5 2 0 5 0 Workshop on Standardization in E-health

  6. Evaluation III: CVM Approach (1) • Benefits should include:: • Lessanxiety in day-to-day life • 2.Enhanced consciousness • towards health • 3. Stabilization of illness • 4. Decrease in medical expenses, etc. • WTP: Willingness to pay Workshop on Standardization in E-health

  7. Concept of WTP price Benefit to consumer (Consumer’s surplus) Demand function p quantity q Workshop on Standardization in E-health

  8. List of Questionnaire yes: How much? yes: \7,500? yes: \6,500 no: \6,500? no: \5,500 \5,500? yes: \4,500 yes: \4,500? no: \3,500? No: \3,500 no: \2,500 Workshop on Standardization in E-health

  9. Estimation of WTP Probability of acceptance = 1- 1/(1 + exp (-α-βlogWTP)) Workshop on Standardization in E-health

  10. Estimation of WTP Workshop on Standardization in E-health

  11. Economic Assessment of Projects (1) Workshop on Standardization in E-health

  12. Economic Assessment of Projects (2) Workshop on Standardization in E-health

More Related