Willingness to pay for telemedicine assessed by the double-bounded dichotomous choice method

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

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

We investigated the willingness of patients with chronic heart failure (CHF) to pay for access to medical care via telemedicine, as an alternative to visits to a physician's office. Willingness to pay was estimated using a double-bounded dichotomous choice contingent valuation method. One hundred and twenty-six patients were surveyed after their discharge from a CHF-related hospital stay. As expected, willingness to pay was negatively related to price. When people are presented with a survey question about value, particularly when the good being valued is not traded in the market, the question itself can affect the person's perception of value. However, the survey results showed no evidence of such a 'framing' effect. We found that 55% of the patients would be willing to pay $20 to access telemedicine instead of travelling to the physician's office, for at least some of their care. When the price was raised to $40, the proportion willing to pay fell to 19%. This suggests that telemedicine may be close to being commercially feasible in the USA.

Original languageEnglish (US)
Pages (from-to)325-330
Number of pages6
JournalJournal of Telemedicine and Telecare
Volume10
Issue number6
DOIs
StatePublished - Dec 1 2004

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Telemedicine
Physicians' Offices
Heart Failure
Length of Stay
Surveys and Questionnaires

All Science Journal Classification (ASJC) codes

  • Health Informatics

Cite this

Bradford, W. David ; Kleit, Andrew Nathan ; Krousel-Wood, M. A. ; Re, Richard M. / Willingness to pay for telemedicine assessed by the double-bounded dichotomous choice method. In: Journal of Telemedicine and Telecare. 2004 ; Vol. 10, No. 6. pp. 325-330.
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Willingness to pay for telemedicine assessed by the double-bounded dichotomous choice method. / Bradford, W. David; Kleit, Andrew Nathan; Krousel-Wood, M. A.; Re, Richard M.

In: Journal of Telemedicine and Telecare, Vol. 10, No. 6, 01.12.2004, p. 325-330.

Research output: Contribution to journalArticle

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