Comparing willingness to pay for telemedicine across a chronic heart failure and hypertension population

W. David Bradford, Andrew Kleit, M. A. Krousel-Wood, Richard M. Re

Research output: Contribution to journalArticle

19 Citations (Scopus)

Abstract

This paper presents estimates of the willingness to pay for a new telemedicine technology in the absence of market data. The study utilizes a contingent valuation method to determine patient willingness to pay for access to telemedicine services. Willingness to pay was assessed in two populations: patients who are being treated for chronic heart failure (CHF) and patients who are being treated for hypertension. Patients who were approached to participate in these studies were asked about their preference for using telemedicine technologies. We find that patient willingness to pay has the expected negative relationship between price and the likelihood of purchase and that patients with CHF are less responsive to price changes than those with hypertension.

Original languageEnglish (US)
Pages (from-to)430-438
Number of pages9
JournalTelemedicine Journal and e-Health
Volume11
Issue number4
DOIs
StatePublished - Aug 1 2005

Fingerprint

Telemedicine
Heart Failure
Hypertension
Population
Technology

All Science Journal Classification (ASJC) codes

  • Health Informatics
  • Health Information Management

Cite this

Bradford, W. David ; Kleit, Andrew ; Krousel-Wood, M. A. ; Re, Richard M. / Comparing willingness to pay for telemedicine across a chronic heart failure and hypertension population. In: Telemedicine Journal and e-Health. 2005 ; Vol. 11, No. 4. pp. 430-438.
@article{346d27689fa048c19a084e4a8bc65b4d,
title = "Comparing willingness to pay for telemedicine across a chronic heart failure and hypertension population",
abstract = "This paper presents estimates of the willingness to pay for a new telemedicine technology in the absence of market data. The study utilizes a contingent valuation method to determine patient willingness to pay for access to telemedicine services. Willingness to pay was assessed in two populations: patients who are being treated for chronic heart failure (CHF) and patients who are being treated for hypertension. Patients who were approached to participate in these studies were asked about their preference for using telemedicine technologies. We find that patient willingness to pay has the expected negative relationship between price and the likelihood of purchase and that patients with CHF are less responsive to price changes than those with hypertension.",
author = "Bradford, {W. David} and Andrew Kleit and Krousel-Wood, {M. A.} and Re, {Richard M.}",
year = "2005",
month = "8",
day = "1",
doi = "10.1089/tmj.2005.11.430",
language = "English (US)",
volume = "11",
pages = "430--438",
journal = "Telemedicine Journal and e-Health",
issn = "1530-5627",
publisher = "Mary Ann Liebert Inc.",
number = "4",

}

Comparing willingness to pay for telemedicine across a chronic heart failure and hypertension population. / Bradford, W. David; Kleit, Andrew; Krousel-Wood, M. A.; Re, Richard M.

In: Telemedicine Journal and e-Health, Vol. 11, No. 4, 01.08.2005, p. 430-438.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Comparing willingness to pay for telemedicine across a chronic heart failure and hypertension population

AU - Bradford, W. David

AU - Kleit, Andrew

AU - Krousel-Wood, M. A.

AU - Re, Richard M.

PY - 2005/8/1

Y1 - 2005/8/1

N2 - This paper presents estimates of the willingness to pay for a new telemedicine technology in the absence of market data. The study utilizes a contingent valuation method to determine patient willingness to pay for access to telemedicine services. Willingness to pay was assessed in two populations: patients who are being treated for chronic heart failure (CHF) and patients who are being treated for hypertension. Patients who were approached to participate in these studies were asked about their preference for using telemedicine technologies. We find that patient willingness to pay has the expected negative relationship between price and the likelihood of purchase and that patients with CHF are less responsive to price changes than those with hypertension.

AB - This paper presents estimates of the willingness to pay for a new telemedicine technology in the absence of market data. The study utilizes a contingent valuation method to determine patient willingness to pay for access to telemedicine services. Willingness to pay was assessed in two populations: patients who are being treated for chronic heart failure (CHF) and patients who are being treated for hypertension. Patients who were approached to participate in these studies were asked about their preference for using telemedicine technologies. We find that patient willingness to pay has the expected negative relationship between price and the likelihood of purchase and that patients with CHF are less responsive to price changes than those with hypertension.

UR - http://www.scopus.com/inward/record.url?scp=25844434712&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=25844434712&partnerID=8YFLogxK

U2 - 10.1089/tmj.2005.11.430

DO - 10.1089/tmj.2005.11.430

M3 - Article

C2 - 16149888

AN - SCOPUS:25844434712

VL - 11

SP - 430

EP - 438

JO - Telemedicine Journal and e-Health

JF - Telemedicine Journal and e-Health

SN - 1530-5627

IS - 4

ER -