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Economic Issues in Diagnostic Imaging

Diagnostic imaging uses noninvasive devices to visualize internal human anatomy and physiology. In higher-income, developed economies of the world there is enormous variation in the use and rate of growth of use of diagnostic imaging technology like computed tomography (CT). Even in high use jurisdictions like the US …

Cross-National Evidence on Use of Radiology

The specialty of radiology, diagnostic imaging, has revolutionized the practice of medicine across the globe. No other form of diagnostic medicine has had such a dramatic impact on disease detection and mapping progression of treatment in the preceding decades. In a 2001 survey of physicians, magnetic resonance imaging …

Biosimilars

Although the biotech industry is a relatively new source of medical therapies – its first new drug approvals came in the early 1980s – it has recently become a major source of drug industry growth and innovation. New biological entities (NBEs) have a significantly higher likelihood of being …

Understanding Medical Tourism

Globalization has inevitably become part of all industries, as we observe the economy stretch worldwide due to cheaper travel, better communication methods, and common solutions to problems. Over the past decade a healthcare practice that has emerged with an unimagined scale of magnitude as a multibillion dollar industry …

Production Functions for Medical Services

Production function studies in health economics have taken three divergent approaches. Some of these studies focus on the production function for general and regress health (such as reduced mortality) against a variety of factors. Another strand examines the technological relationship between medical care and the inputs that are …