Economic evaluation Flashcards
4 methods of economic evaluation?
cost-effectiveness analysis (CEA)
cost-benefit analysis (CBA)
cost-utility analysis (CUA)
cost-minimisation analysis (CMA)
(EBUM)
What is cost effectiveness ratio
total cost / units of effectiveness
eg pounds spent per lives saved
Findings of a CEA are usually reported as what?
an incremental cost-effectiveness ratio (ICER).
ICER ratio calculated by?
(costs A - costs B) / (effects A - effects B)
a technique in which all the costs and benefits of an intervention are measured in terms of money?
cost benefit analysis
Why CBA not done much in mental health?
difficulty in converting benefits from mental health programmes into monetary values.
a special form of CEA in which health benefits / outcomes are measured in broader, more generic ways enabling comparisons between treatments for different diseases and conditions?
Cost utility analysis
what utility based index may be used in CUA
Quality-Adjusted-Life-Years (QALYs)
Findings of CUA reported as what
incremental cost-utility ratio (ICUR).
Which method’s aim is to decide the least costly way of achieving the same outcome
Cost minimisation analysis
Which type of cost would the following be: staff time, medical supplies, cost of travel for the patient, childcare costs for the patient, costs falling on other social sectors such as domestic help from social services
Direct
Which type of cost includes those incurred by the reduced productivity of the patient (e.g. time of work, reduced work productivity, time spent caring for the patient by relatives)
Indirect
Which type of cost is pain or suffering on the part of the patient
Intangible
