The impact of public investment in medical imaging technology: an interagency collaboration in evaluation |
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Authors: | Alan C. O'Connor Brandon M. Downs Laura M. Hillier |
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Affiliation: | 1. RTI International, 3040 Cornwallis Road, Research Triangle Park, 27709, NC, USA;2. Evaluation and Outcome Assessment, Canada Foundation for Innovation, 450-230 rue Queen St., Ottawa, Ontario, Canada K1P 5E4 |
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Abstract: | The Canada Foundation for Innovation (CFI) and the Canadian Institutes of Health Research (CIHR) allied to analyze the impact of their investments in medical imaging research. The CFI funds capital and operating programs for research infrastructure, and CIHR's mandate concentrates its funding on research activity. It happens that CIHR-funded research consumes CFI-funded infrastructure as an input in the innovation process. Apart from a few partnered programs, by design there is no coordination between CFI and CIHR funding decisions. Together, these agencies invested $916 million over a 14-year-period. In this paper, we evaluate the economic and health benefits from advancements in one funded area, namely computed tomography perfusion (CTP). CTP is an imaging technique that uses computed tomography to measure blood flow in organs and tissues. It is mostly used to assess acute ischemic stroke. The net social benefits attributable to these investments are substantially positive: the benefit-to-cost ratio is estimated to be between 6.66-to-1 and 9.99-to-1. We review how public investments from multiple funders comingle in the innovation process to deliver social value and improved health outcomes. |
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Keywords: | cost-benefit analysis innovation technology medical imaging research innovation CT perfusion stroke Canada |
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