Cost-effectiveness analysis: Concepts and applications - Oxford MedicineNew healthcare technologies must be funded from a constrained healthcare budget, which is generally set each year for a defined jurisdiction and population of current and future patients. Within this setting of scarcity, the introduction of a new technology will displace health-care technologies currently being used by patients in the health service. It is, therefore, important to identify and value both the benefits and costs of new technologies. Only by doing so, can decision-makers judge whether the use of scarce resources is appropriate. The process of generating information on the relative costs and benefits of a specific technology is called economic evaluation.
Cost-Effectiveness Analysis Alongside Clinical Trials
Oxford University Press makes no representation, express or implied, that the drug dosages in this book are correct. Readers must therefore always check the product information and clinical procedures with the most up to date published product information and data sheets provided by the manufacturers and the most recent codes of conduct and safety regulations. The authors and the publishers do not accept responsibility or legal liability for any errors in the text or for the misuse or misapplication of material in this work. Except where otherwise stated, drug dosages and recommendations are for the non-pregnant adult who is not breastfeeding. Cost-effectiveness analyses or CEAs in health describe interventions in terms of their cost per unit of health gain that they provide. Deaths averted provides a measure of health gain but CEAs typically use measures that take account of both years and quality of life gained.
Request PDF on ResearchGate | On Jan 1, , Henry M. Levin and others published Cost-effectiveness analysis: Methods and applications.
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Cardiovascular Health Care Economics pp Cite as. Over the past quarter century, as costs have become an important factor in medical decision making, indices of cost-effectiveness CE have increasingly been used in the evaluation of medical therapies. The traditional approach to cost-effectiveness analysis CEA utilizes decision-analytic models based on estimates of cost and effectiveness outcomes obtained from nonsampled secondary data from the literature, insurance claims databases, and expert opinion and employs sensitivity analysis to examine the variability in results as uncertain model inputs are varied over reasonable ranges. Throughout the past decade, there has been an increasing trend for economic studies to be incorporated into large clinical trials. This has allowed for cost-effectiveness to be evaluated directly, using primary patient-level data on both clinical outcomes and costs.
Do you like to read books online? With our site emmabowey. Register and download books for free. Big choice! This Second Edition of Cost-Effectiveness Analysis continues to provide the most current, step-by-step guide to planning and implementing a cost analysis study. Henry M. Levin and Patrick J.