Editorial - Economic evaluation of health technologies: Theory and practice

Ifat Abadi-Korek*, Joshua Shemer

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review

Abstract

Health care systems are committed to maintain and improve the health of their citizens in an effective, fair and accessible way. New medical technologies that offer improvement upon existing alternatives are progressing at a rapid pace. These new sophisticated health technologies are high priced and have been viewed as a significant factor in increasing the cost of healthcare expenditures. The abundance of new medical alternatives, combined with scarcity of resources, has led to the need for priority setting in a way that maximizes the health benefit of those insured. Economic evaluation of medical technologies is the analysis which compares the costs and consequences of alternative healthcare interventions. Economic evaluation of medical technologies can be used by policy makers as a tool to aid in resource allocation decisions. The inclusion of an economic perspective in the evaluation of health and health care has become an increasingly accepted component of health policy and planning. The health care system in Israel has come to acknowledge the advantages of this method. There is still a need for more suitable and structured guidelines to conducting economic evaluation in order to make this emergent and welcome process and its products useable.

Original languageEnglish
Pages (from-to)509-511
Number of pages3
JournalHarefuah
Volume147
Issue number6
StatePublished - Jun 2008

Keywords

  • Economic evaluation
  • Health technologies
  • Healthcare policy
  • Prioritization

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