Population Health Exam 1 Flashcards
What are the 3 parts of pharmacoeconomics?
-Costs
-Interventions
-Outcomes
True or False: Healthcare costs in the US are rising but healthcare outcomes are declining
True
What are the 4 types of costs?
- Direct medical costs
- Direct non-medical costs
- Indirect costs
- Intangible costs
What are direct medical costs?
Medical costs for providing treatment
ex: cost of medication, physician visits, hospitalizations
What are direct non-medical costs?
Costs to patient/family that are directly associated with treatment but ARE NOT MEDICAL
ex: cost of transportation to clinic, babysitter, food/lodging
(associated with medical treatment but not specifically to therapy)
What are indirect costs?
Result from loss of productivity because of illness or death
*Do not involve a transfer of money
ex: Missed work or school days, decreased productivity
What are intangible costs?
Costs of pain, suffering, anxiety, or fatigue due to illness or treatment
*Difficult to measure and assign value to
What are the 4 types of pharmacoeconomic analyses?
Cost-minimization analysis (CMA)
Cost-benefit analysis (CBA)
Cost-effectiveness analysis (CEA)
Cost-utility analysis (CUA)
What is a Cost-Minimization Analysis (CMA)?
Used to compare costs of interventions with EQUIVALENT CLINICAL OUTCOMES
What is the defining point of cost-minimization analysis?
Interventions must have EQUIVALENT CLINICAL OUTCOMES
What are some examples of Cost-Minimization Analyses?
Generic vs Brand name drugs
Drug A vs Drug B (equal efficacy and safety + same drug class)
What is the cost measurement unit of the cost-minimization analysis (CMA)?
$$
What is the outcome measurement unit of the cost-minimization analysis (CMA)?
*Not measured
*Assumed to be equivalent
What is a Cost-Benefit Analysis (CBA)?
Measures cost of interventions and outcomes in monetary units
*determines which intervention provides the best monetary benefit
*must assign monetary outcome to clinical endpoints (things we normally do not think about monetarily)
What is the cost measurement unit and outcome measurement unit of a cost-benefit analysis (CBA)?
$$
(for both)
What is a Cost-Effectiveness Analysis (CEA)?
Measures outcomes in natural health units
**Determines which intervention achieves a given objective at the lowest cost
*Compares different interventions using same measured outcome
ex: infections cured, lives saved, number of life years saved
What is the most common type of analysis?
Cost-Effectiveness Analysis (CEA)
What is the equation for the Incremental Cost-Effectiveness Ratio (ICER)?
Total $ of A - Total $ of B
_____________________________
Outcome of A- Outcome of B
What does the Incremental Cost-Effectiveness ratio (ICER) tell us?
The additional cost required to obtain the additional effect gained by switching from Drug A to Drug B
What is the cost measurement unit and outcome measurement unit of the cost-effectiveness analysis (CEA)?
Cost Mes Unit: $$
Outcome Mes Unit: Natural (Health) Related Units
What is the Cost-Utility Analysis (CUA)?
Measures outcomes in terms of the quality of the outcome produced
*Examines the cost of an intervention and the value of the outcome
“Utility Units”
*Most common outcome is quality-adjusted life years (QALY)
What two things are taken into account with QALY?
Quantity and Quality of life
How do we calculate QALY?
Amount of time in health state x % of health
*do for each drug
What is the cost measurement unit and outcome measurement unit of the Cost-Utility Analysis?
Cost Mes Unit: $$
Outcome Mes Unit: QALY or other utility measures (patient preferences)