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ECONOMIC EVALUATION WHY DO YOU NEED TO BOTHER? JUDITH BOSMANS
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Faculteit der Aard- en Levenswetenschappen WHY BOTHER ABOUT ECONOMICS IN HEALTH CARE? 2Meet & Greet Triple-E, 8 May 2014 Limited budgets available for health care hard choices We want to maximize outcomes and minimize costs. Economic evaluations provide the information needed to make these decisions
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Faculteit der Aard- en Levenswetenschappen WHAT IS AN ECONOMIC EVALUATION? 3Meet & Greet Triple-E, 8 May 2014 Economic evaluation: comparison of costs and effects of two or more medical interventions Comparison needed with usual care for the disorder under study TypeOutcome Cost-effectiveness analysis (CEA)Disease-specific measures Cost-utility analysis (CUA)Quality-Adjusted Life-Years (QALYs) Cost-benefit analysis (CBA)Outcomes expressed in monetary units
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Faculteit der Aard- en Levenswetenschappen COST-BENEFIT ANALYSIS 4Meet & Greet Triple-E, 8 May 2014 Comparison possible between all kinds of spending opportunities Healthcare Education Safety Etcetera Difficulty: what are you willing to pay for one unit of effect?
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Faculteit der Aard- en Levenswetenschappen CEA VERSUS CUA 5Meet & Greet Triple-E, 8 May 2014 CEA: disease-specific outcomes Useful for healthcare providers Only comparison possible between interventions for the same disorder But… healthcare decision makers need to choose between interventions for different conditions… CUA:QALYs = # of life-years adjusted for loss of quality of life
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Faculteit der Aard- en Levenswetenschappen SUMMARY MEASURE IN ECONOMIC EVALUATIONS 6Meet & Greet Triple-E, 8 May 2014 Incremental Cost-Effectiveness Ratio (ICER) Costs INTERVENTION - Costs CONTROL Effects INTERVENTION - Effects CONTROL eHealth InterventionUsual care Healthcare utilization Lost productivity Implementation eHealth Coaching
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Faculteit der Aard- en Levenswetenschappen COST-EFFECTIVENESS PLANE 7Meet & Greet Triple-E, 8 May 2014 NW more expensive less effective DOMINATED SW less expensive less effective TRADE-OFF SE less expensive more effective DOMINANT NE more expensive more effective TRADE-OFF Incremental costs Incremental effects Are the additional effects worth the extra costs? Are we willing to trade off some effect to save money?
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Faculteit der Aard- en Levenswetenschappen SO WHY BOTHER ABOUT ECONOMIC EVALUATIONS? 8Meet & Greet Triple-E, 8 May 2014 It will provide important information for policy makers at different levels Governmental level Healthcare insurer level Healthcare provider level It can help to allocate scarce resources
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Faculteit der Aard- en Levenswetenschappen 9Meet & Greet Triple-E, 8 May 2014 Efficient! Fair?
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