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Opportunity cost is the value of the benefits forgone when resources are committed to one use rather than to the next-best alternative, and it is the concept that gives economic evaluation its meaning in a system of finite resources. In healthcare, funding a new technology displaces other activity, so its true cost is not merely the money spent but the health that the displaced activity would have produced; this idea underpins the cost-effectiveness threshold, which represents the health expected to be given up per pound spent. Recognising opportunity cost reframes decisions from whether a technology does some good to whether it does more good than what it displaces. It is also the rationale for disinvesting from lower-value activity to release resources for higher-value uses.

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Market Access Analytics and Insight

Market Access Analytics and Insight

Our Market Research & Analysis service is uniquely tailored for the medical device & Life…

NICE HTA Strategy and Submission

NICE HTA Strategy and Submission

Navigate the complexities of NICE Health Technology Assessment (HTA) submissions with our expert strategic guidance.…

Health Economics and Outcomes Research (HEOR)

Health Economics and Outcomes Research (HEOR)

Specialising in economic modelling for the medical device and life sciences sectors, our HEOR service…

Strategy Development

Strategy Development

Leading in market access, Strategy Development from Health Analytical Solutions moves beyond just market entry…

Reimbursement Strategy and Support

Reimbursement Strategy and Support

Reimbursement Support, tailored for the complex NHS landscape, aids medical device and life sciences companies…

NHS Drug Tariff Submission Support

NHS Drug Tariff Submission Support

Our NHS Drug Tariff Submission Service offers specialised expertise in health economics, crucial for navigating…

Private healthcare

Private healthcare

Delivering a comprehensive analysis of the UK's private healthcare sector, the Private Healthcare Landscape service…

Value Proposition Development for MedTech

Value Proposition Development for MedTech

Unlock the potential of your MedTech innovation with our Value Proposition Development service. At Health…

Primary Care Market Insights

Primary Care Market Insights

Unlock the potential of the primary care market with our in-depth Primary Care Market Insights…

Stakeholder Engagement for Health Technologies

Stakeholder Engagement for Health Technologies

In the complex ecosystem of healthcare, effectively engaging with key stakeholders is fundamental to the…

Sustainability and NET Zero for MedTech

Sustainability and NET Zero for MedTech

In an era where sustainability is not just an option but a necessity, MedTech companies…

Evidence Generation and Management

Evidence Generation and Management

In the MedTech sector, the value of an innovation is increasingly measured not just by…

Dashboard Tools for Market Access

Dashboard Tools for Market Access

Navigating the complexities of market access requires not just data, but insights that can drive…

MedTech Sales Team Empowerment

MedTech Sales Team Empowerment

The UK's National Health Service (NHS) represents a unique and complex market for MedTech sales.…

NHS MedTech Business Case Formulation

NHS MedTech Business Case Formulation

Securing NHS adoption for MedTech innovations demands not just outstanding technology but also a compelling…