Issues of cost-benefit and cost-effectiveness for simulation in health professions education

Issues of cost-benefit and cost-effectiveness for simulation in health professions education

Background Simulation education can be costly-however, costs need to be considered against what you get in return to determine whether these costs are justified. Unfortunately in simulation education, evaluations that yield information about the return on investment are scarce. An economic evaluation provides a comparison of value. In short-what is it that is being obtained, what do you need to...

Linking quality of care and training costs: cost‐effectiveness in health professions education

OBJECTIVE To provide a model for conducting cost-effectiveness analyses in medical education. The model was based on a randomised trial examining the effects of training midwives to perform cervical length measurement (CLM) as compared with obstetricians on patients' waiting times. (CLM), as compared with obstetricians. METHODS The model included four steps: (i) gathering data on training out...

Issues in cost effectiveness in health care.

Cost-effectiveness analysis (CEA) is becoming increasingly popular as society moves toward rationalizing health costs. This review describes the applications and limitations of the technique. Conceptually simple though frequently complicated in application, CEA compares the cost of a procedure with its effectiveness, thus helping an administrator to judge whether the procedure is worth its cost...

Discounting for health effects in cost-benefit and cost-effectiveness analysis.

When health effects can be valued in monetary terms, as in cost-benefit analysis, they should be discounted at the same rate as costs. If health effects are measured in quantities (e.g. quality adjusted life years) as in cost-effectiveness analysis (CEA) and the value of health effects is increasing over time, discounting the volume of health effects at a lower rate than costs is a valid method...

(Cost benefit analysis and cost−effectiveness analysis) Table of Contents