Practice Management Flashcards
Cost-effectiveness analysis (CEA)
Compares a number of interventions by relating costs to a single clinical measure of effectiveness
cost-effectiveness ratio
= total cost / units of effectiveness
Cost-benefit analysis (CBA)
All the costs and benefits of an intervention are measured in terms of money
Establishes which of the alternatives has the greatestnet benefit.
Cost-utility analysis (CUA)
Special form of CEA
Health benefits / outcomes are measured in broader, more generic ways enabling comparisons between treatments for different diseases and conditions.
Eg QALY.
Findings of CUA are often reported as an incremental cost-utility ratio (ICUR).
ICUR intervention A versus intervention B = (costs A - costs B) / (QALYs gained by A - QALYs gained by B)
QALY
One QALY is equal to 1 year of life in perfect health.
Calculated by estimating the years of life remaining for a patient following a particular treatment or intervention and weighting each year with a quality-of-life score (on a 0 to 1 scale).
It can be negative in situations where the outcome is considered to be worse than death (death = 0 on the scale).
Benefits of CUA
Compare across treatments for different conditions.
In principle, it is possible to compare treatments for, say, cancer with, say, schizophrenia to determine which is the most efficient at producing health gain in the form of QALYs.
Cost-minimisation analysis (CMA)
Comparing two inputs with the same outcome, finding the cheapest one.
Direct Cost
Cost of healthcare service
Indirect Cost
Man power working/ carer working
Intangible Cost
QOL, difficult to measure, pain, suffering
Statutory Sick Pay
4 days - 28 weeks
Personal Independence Payment (PIP)
Tax-free benefit for adults 16-64 years who need help with personal care or have walking difficulties because they are physically or mentally disabled.
There is still the ‘DLA for children’
Incapacity Benefit & Employment and Support Allowance
Claimable by those not entitled to Statutory Sick Pay (SSP), for example self-employed, or when SSP has ended
Retirement pension
60 years - women* 6 April 2010, the State Pension age for women started to increase gradually from 60 to 65, to match men’s
65 years - men. State pensions are taxable and paid even if the claimant is still working
Bereavement Support Payment
Lump sum followed by 18 monthly payments
Spouse must be under state pension age when their partner died
Depends on NI contributions
Must claim within 3 months of your partner’s death to get the full amount.
You can claim up to 21 months after their death but you’ll get fewer monthly payments.