Overview
The economic impact of health innovations is significant as they can lead to improved health outcomes, reduced healthcare costs, and increased productivity. Innovations such as telemedicine and new pharmaceuticals not only enhance patient care but also contribute to economic growth by creating jobs ...
Key Terms
Example: Telemedicine is a health innovation that allows remote consultations.
Example: Health innovations can lower healthcare costs and increase productivity.
Example: Before implementing a new health technology, a cost-benefit analysis is conducted.
Example: Health innovations can enhance worker productivity by reducing illness.
Example: Patients can consult doctors via video calls through telemedicine.
Example: New vaccines are a result of pharmaceutical advancements.