Return on Investment

National research infrastructure is improving Australian lives

An analysis of the impact and return on investment of the Population Health Research Network (PHRN) national data linkage infrastructure was recently completed by Lateral Economics. Their analysis shows that the net economic benefit to Australian society of continued investment in the PHRN could be as high as $7.1 billion, in present value terms.

This reflects the contribution of PHRN-related research to policy, practice and technology improvements over time. For example, the analysis suggests that by 2034 over 0.5% of cancer burden reduction in Australia will be attributable to PHRN-related data linkage.

Lateral Economics used a cost-benefit approach for the analysis which considered three key issues:

• The extent to which Australia’s underlying health burden is expected to improve over time
• The extent to which Australian research is influencing the improvement in underlying health burden
• The extent to which data linkage will influence the research-related improvements.

Four funding scenarios for PHRN beyond 2018-19 were used for the analysis and costs and benefits up to 2040-41 were considered.

PHRN is a national research infrastructure capability funded by the Australian Government’s National Collaborative Research Infrastructure Strategy.

For a copy of the executive summary report click here.

For a copy of the full report click here.