Question

why have economic analyses of clinical and administrative innovations become more important?

Answer 1

It can actually be mentioned that economic analysis of clinical and administrative innovations have become quite important clinical procedures investments and to what extent their successful should be noticed because huge investments must be justified for where the concept of value of statistical lives in the probability of success in clinical trials must be seen to understand whether the the investment is successful or not and administrative innovation is meant to increase the efficiency of administration as well as the productivity of the workers as a result of which it has to be understood that what is the investment level that is required for administrative innovation and what is the benefit for receiving from a and in this regard if the benefit value is less than that of the investment required for administrative innovation then it would be of no use and that is the reason why economic analysis is important to understand to what extent they are success