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Why health economics matters for AI and health tech innovators

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Developing cutting-edge AI and health tech solutions is exciting. However, have you considered the economic case for your technology? Many innovators focus on technical development without a clear health economics (HE) strategy. This oversight can lead to delays in NHS adoption, investment and regulatory approval. 

The benefits of a health economics strategy

A strong health economics strategy helps you: 

  • Refine your value proposition: A well-executed HE strategy sharpens the value proposition of your technology, making it more appealing to investors and healthcare providers. 
  • Plan market access: Understanding the economic landscape and the specific requirements of key stakeholders can significantly improve the chances of successful adoption and long-term sustainability for innovative health technologies. 
  • Seek investment: Provides valuable insights into cost analysis, budget impact, and return on investment, which are critical for securing funding and achieving broader market acceptance. 
  • Pursue NHS adoption: Helps demonstrate value to decision-makers, align with NHS and payer priorities, and maximise efficiency, which enhances wide-scale and sustainable success. 

Engage health economics experts early for success

Health economics isn’t just about meeting regulatory requirements. It’s about proving why your innovation matters in real-world healthcare settings. Engaging HE experts early can: 

  • Help shape your business case with strong economic evidence. 
  • Identify the right evaluation methods for your technology’s stage. 
  • Support smoother NHS adoption and investment decisions. 

Don’t let health economics be an afterthought. A well-planned strategy can be the difference between success and stagnation. 

Want to know when and how to engage a health economics expert?

Our free guide gives you the key insights you need before engaging a health economics partner – so you can move forward with confidence. 

What you’ll learn:

✔️ The essential health economics considerations for AI and health tech innovators
✔️ How to choose the right health economics evaluation approach for your stage of development
✔️ Common mistakes when commissioning health economics support—and how to avoid them
✔️ What to look for in a health economics partner and how different providers compare
✔️ How Health Innovation Oxford and Thames Valley can support your journey 

Download our full guide now

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News Categories: Blog