What are the Challenges in Measuring ROI in Cancer?
Measuring ROI in cancer care and research is complex due to various factors:
1. Long-Term Horizons: The benefits of investments in cancer research and prevention may take years or even decades to materialize. 2. Multifactorial Outcomes: ROI must consider not just economic returns, but also improvements in quality of life and public health. 3. Variable Costs: The cost of cancer treatments can vary widely based on the type of cancer, stage at diagnosis, and individual patient factors. 4. Data Limitations: Accurate measurement requires comprehensive data on healthcare costs, patient outcomes, and broader economic impacts, which can be difficult to obtain.
