Health Economic Evaluation

Question 1

Why is it important to have Economic Evaluations of Health Interventions? 3 points

Answer 1

1. It values inputs (opportunity cost) and outputs (health outcomes)
2. It assesses if changes in resource allocation are efficient
3. Increasing healthcare expenditure needs the best outcome for money

Question 2

By what two perspectives, can you measure cost of an Intervention?

Answer 2

• Cost to the NHS

- Cost to the patient / carers / society

Question 3

What is “Cost-Minimisation Analysis”?

Answer 3

Choosing the cheapest option between treatments that have identical outcomes

Question 4

What is “Cost-Effective Analysis”?

Answer 4

• When costs and outcomes are combined into a single measure

Question 5

If I want to compare treatments in the same therapeutic area, what do I use: Cost-effective analysis or Cost-utility analysis?

Answer 5

Cost effective analysis

Question 6

If I want to compare treatments in different therapeutic area, what do I use: Cost-effective analysis or Cost-utility analysis?

Answer 6

Cost utility analysis

Question 7

What is “Cost Utility Analysis”

Answer 7

When multiple outcomes are combined into a single measure (QALY) using QoL instruments

Question 8

When can Cost-Effective Analysis be used?

Answer 8

• If looking at interventions in the same therapeutic area

- If outcome measures are just clinical