Medical Innovation in the Changing Healthcare Marketplace

A wave of new health care innovation and growing demand for health care, coupled with uncertain productivity improvements, could severely challenge efforts to control future health care costs. A committee of the National Research Council and the Institute of Medicine organized a conference to examine key health care trends and their impact on medical innovation. The conference addressed the following question: In an environment of renewed concern about rising health care costs, where can public policy stimulate or remove disincentives to the development, adoption and diffusion of high-value innovation in diagnostics, therapeutics, and devices?

Table of Contents

• Front Matter
• Executive Summary
• 1. Introduction
• 2. The Characteristics of Medical Innovation
• 3. The Costs and Benefits of Medical Innovation
• 4. Cost-Effectiveness Studies: A Key to Innovation Development
• 5. Barriers to Medical Innovation
• Appendix A: Conference Agenda
• Appendix B: Conference Participant List
• Appendix C: Keynote Speech: Encouraging High-Value Medical Innovation, Mark McClellan, Council of Economic Advisers
• Appendix D: Keynote Speech: Bridging the Quality Chasm, David Lawrence, Kaiser Permanente
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