Ways of assessing the economic value or impact of research: is it a step too far for nursing research?

To identify lessons that could be applied to nursing research, this paper draws on some reviews of the increasing, although apparently still relatively small, number of studies that attempt to assess economic impacts from health research. One review describes several important steps, including identifying the health and other outcomes from specific bodies of research and then valuing the outcomes. We describe major studies in fields such as cardiovascular research that show how the economic value of health research can be demonstrated. In addition, we examine various nursing studies, including ones showing the benefits (especially economic) from nursing itself (as opposed to from nursing research), and also studies describing economic evaluations of new devices and techniques used by nurses, which have the potential to be used when trying to value the research. Currently, such studies rarely go on and demonstrate how the nursing research has had a wider impact on nursing policies and practice, and hence led to outcomes that could be valued. There is, nevertheless, scope to build on these existing nursing studies. Conducting impact assessments could potentially result in a portfolio of examples of nursing research that have informed policies and practices and led to economic impacts in terms of cost savings, and possibly also in terms of health gains that could be valued.