Why not better and cheaper? healthcare and innovation / James B. Rebitzer and Robert S. Rebitzer.

Author/creator Rebitzer, James B.
Other author Rebitzer, Robert S.
Other author Oxford University Press.
Format Electronic
Publication InfoNew York, NY : Oxford University Press, [2023]
Description183 pages ; 25 cm
Supplemental ContentFull text available from Oxford Scholarship Online
Subjects

Contents Introduction and overview -- Economically valuable innovation -- Missing innovations -- Shared savings -- Beyond financial incentives -- Competition, innovation, and disruption -- Dilemmas and opportunities.
Abstract "Why doesn't healthcare get better and cheaper? The evolution of the cell phones that we carry in our pockets demonstrates that quality can increase while prices fall. Why not in healthcare? Our answer is that the health sector generates the wrong kinds of innovation. It is too easy to profit from low-value innovations and too difficult to profit from innovations that reduce care costs. The result is a healthcare economy that is profusely innovative yet remarkably ineffective in discovering and implementing new technologies and business models that deliver increased value at lower cost. The consequences of this failure to innovate accumulate over time and makes society poorer and less healthy than it ought to be. The root causes of this innovation problem are the incentives, social norms, and competitive environment prevailing in the health sector. We can point innovation in a better direction by improving incentives, mobilizing professional norms and narratives, and altering the regulatory and competitive environment. Our analysis and proposals are of interest to clinicians, educators, managers, and policymakers"-- Provided by publisher.
Bibliography noteIncludes bibliographical references (pages 127-178) and index.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2023000204
ISBN9780197603109 (hardback)
ISBN(epub)
ISBN(online)

Availability

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Electronic Resources Access Content Online ✔ Available