Commercialisation of eHealth Innovations in the Market of UK Healthcare Sector: A Framework for Sustainable Business Model.

Festus Oderanti, Feng Li

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)
15 Downloads (Pure)

Abstract

Demographic trends with extended life expectancy are placing increasing pressures on the UK state-funded healthcare budgets. eHealth innovations are expected to facilitate new avenues for cost-effective and safe methods of care, for enabling elderly people to live independently at their own homes and for assisting governments to cope with the demographic challenges. However, despite heavy investment in these innovations, large-scale deployment of eHealth continues to face significant obstacles, and lack of sustainable business models (BMs) is widely regarded as part of the greatest barriers. Through various empirical methods that include facilitated workshops, case studies of relevant organizations, and user groups, this paper investigates the reasons the private market of eHealth innovations has proved difficult to establish, and therefore it develops a framework for sustainable BMs that could elimiesnate barriers of eHealth innovation commercialization. Results of the study suggest that to achieve sustainable commercialization, BM frameworks and innovation diffusion characteristics should be considered complements but not substitutes.

Original languageEnglish
Article number2
Pages (from-to)120–137
Number of pages18
JournalPsychology & Marketing
Volume35
Issue number2
DOIs
Publication statusPublished - 10 Jan 2018

Keywords

  • business model
  • eHealth innovations
  • telecare
  • telehealth
  • telemedicine

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