Economic and Outcome Studies Flashcards
Examples of patient outcomes:
Economic Clinical humanistic Outcomes (ECHO)
Definition of outcomes research
Attempt to identify, measure, as evaluate end result of health care services. Compares competing options in routine care settings
Example of humanistic outcomes
Health related quality of life
Satisfaction with health care
Pharmacoecomonic studies
Includes economic and clinical/humanistic outcome evals and comparisons
Efficacy vs effectiveness
Efficacy : randomize controlled trials
Effectiveness: outcomes studies
Efficacy advantages:
Needed for FDA approval, higher internal validity (more sure of cause and effect, less confounding)
Less chance for baseline diff
Higher pt adherence (real or artificial?)
Effectiveness data advantage
- higher external validity (generalize able)
- broader range of pts
- can follow for longer time frame
- larger sample size
- pharmacoeconomic studies included
Statistic and value suggesting heterogeneity may be a problem
I-squared value of 50% or more
Cost minimization analysis
Assume benefits to be equivalent so lowest cost in $ best
Advantage: simple, no outcomes measures needed
Disadvantage:
- most things have different outcomes so not many uses in real life
- strength depends on strength of evidence that tx equivalent- FDA vs RCT vs “expert opinion”
consequences not measured so some say not true pharmacoeconomic study
Cost effectiveness analysis
Measure in Natural units eg life years gained , mm Hg, mmol/L glucose, PANNS score
Advantage: clinician familiar with measuring clinical outcomes
FDA has standards for clinical outcome measurement
Do not have to place dollar value on clinical outcomes
Disadvantage: can only compare options with same type of clinical outcome
Only one clinical outcome at a time can be measured
Metal health outcomes hard to measure
Cost effectiveness grid see p 255
Cost benefit analysis
Cost - $
Outcome - Also converted to $ so better outcomes can be associated with higher outcome $$ even if there are higher $$ costs initially
- input and output are $ units - if benefit: cost >1 => cost beneficial
Advantage: can compare tx with different outcomes , and can determine if added benefits outweigh costs
Disadvantage: difficult to put $$ on outcomes, and disagreement on how to value these outcomes
Cost utility analysis
QALY
COst utility analysis is cost per outcome of QALY
- some view it as a subset of CEA
Advantage: includes pt preferences
Single measure to incorporate morbidity and mortality
Allows comparisons across different options
Disadvantage: time consuming, results vary and depends on quality measure and instrument
Perspective on costs
Payer - insurance co
Provider - hospital or clinic or possibly ACA
Society - includes non medical costs eg homeless shelters, reduced productivity etc
Types of costs
Direct medical
Direct non medical
Indirect costs
Tangible costs
Direct non-medical costs
Examples and definitions
Law enforcement
Shelters
Jails
Subsidies for housing
Indirect costs
Examples and definition
Unemployment Reduced productivity at work Premature mortality eg suicide Caregiver reduced productivity Level of employment
Decision analysis
- systematic quantitative approach for assessing relative value of one or more decision options
- usually depicted by a graph caled a decision tree
Steps of decision :
1) identity specific decision - from whose perspective, define options, one what time period
2) draw decision structure structure over time: boxes are choice nodes (drug a vs drug b), circles represent chance nodes (ADR or no ADR etc)
Triangles are termination nodes (death, exit plan etc)
3) assess probabilities- use past literature, experts judges etc
- use reasonable ranges for uncertain prob (see sensitivity analysis)
- 4) determine value of each outcome - must be same for each option eg QALY vs QALY or success rate vs success rate
5) conduct sensitivity analysis - choose values or probabilities most uncertain or where small difference has a big impact
Use reasonable ranges. Recalculate using the ranges and determine the degree of sensitivity