PHP16 FAMILIES, FRIENDS AND COST-EFFECTIVENESS ANALYSIS

Medicare and cost-effectiveness analysis.

The Medicare program has been a notable holdout in the global movement toward the use of cost-effectiveness analysis to inform health care decisions. Unlike the reimbursement authorities in Canada and Australia, and in many countries in Europe, Medicare officials do not formally consider cost-effectiveness when determining the coverage of new medical interventions, even as they also confront ev...

Cost-Effectiveness Analysis

CEA is a tool that has seen increasing use in recent decades as decision makers at all levels of health care provision seek to value alternative interventions (or programs, tests, or treatments). Although CEAs can be complex, and are often described using somewhat arcane terminology, the concept at the core of any CEA is fairly simple: to combine the net cost of a given intervention and its out...

Cost-Effectiveness Analysis

Cost-effectiveness analysis.

Cost-effectiveness analysis refers to the consideration Of decision alternatives in which both their costs and consequences are taken into account in a systematic way. It is a decisionoriented tool, in that it is designed to ascertain which means of attaining particular educational goals are most efficient. For example, there are many alternative approaches for pursuing such goals as raising re...

Cost-effectiveness analysis.

When different health care interventions are not expected to produce the same outcomes both the costs and the consequences of the options need to be assessed. This can be done by cost-effectiveness analysis, whereby the costs are compared with outcomes measured in natural units--for example, per life saved, per life year gained, and per pain or symptom free day. Many cost-effective analyses rel...