Book contents
- Data-Guided Healthcare Decision-Making
- Data-Guided Healthcare Decision-Making
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- About the Author
- Preface
- Glossary
- Notations and Symbols
- Prologue
- Introduction
- Chapter 1 Why and How Healthcare Decisions Are Made
- Chapter 2 Are Data-Guided Healthcare Decisions Superior?
- Chapter 3 Software
- Chapter 4 How to Collect Authentic Data
- Chapter 5 Uncertainties and Their Impact on Healthcare Decisions
- Chapter 6 Why Models Are Important in Healthcare
- Chapter 7 How Healthcare Decision Trees Emerge and Function
- Chapter 8 How Are Group Decisions Practiced in Healthcare?
- Chapter 9 Tracing and Remedying Root Causes of Adversities
- Chapter 10 Healthcare Decision-Making for Cost-Effectiveness
- Chapter 11 Risk Analysis in Healthcare Decision-Making
- Chapter 12 Evaluation of Healthcare Programs
- Chapter 13 Six Sigma and Lean Management in Healthcare Sectors
- Chapter 14 Forecasting in Healthcare Sectors
- Epilogue
- Appendix Statistical Tables
- Index
- References
Chapter 10 - Healthcare Decision-Making for Cost-Effectiveness
Published online by Cambridge University Press: 13 July 2023
- Data-Guided Healthcare Decision-Making
- Data-Guided Healthcare Decision-Making
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- About the Author
- Preface
- Glossary
- Notations and Symbols
- Prologue
- Introduction
- Chapter 1 Why and How Healthcare Decisions Are Made
- Chapter 2 Are Data-Guided Healthcare Decisions Superior?
- Chapter 3 Software
- Chapter 4 How to Collect Authentic Data
- Chapter 5 Uncertainties and Their Impact on Healthcare Decisions
- Chapter 6 Why Models Are Important in Healthcare
- Chapter 7 How Healthcare Decision Trees Emerge and Function
- Chapter 8 How Are Group Decisions Practiced in Healthcare?
- Chapter 9 Tracing and Remedying Root Causes of Adversities
- Chapter 10 Healthcare Decision-Making for Cost-Effectiveness
- Chapter 11 Risk Analysis in Healthcare Decision-Making
- Chapter 12 Evaluation of Healthcare Programs
- Chapter 13 Six Sigma and Lean Management in Healthcare Sectors
- Chapter 14 Forecasting in Healthcare Sectors
- Epilogue
- Appendix Statistical Tables
- Index
- References
Summary
Economic value and cost-effectiveness are integral parts of a sound healthcare operation. Cost-effectiveness focuses on quality-adjusted life years (QALY). A cost-effectiveness analysis (CEA) aims to attain maximum health benefits with limited consumption of resources. The cost is, of course, a value gained from the use of resources elsewhere.
The benefits that exist in one program if money is shifted to it from another program are the opportunity cost. The cost of drugs, medicines, staff salaries, equipment, and patients’ out-of-pocket expense are direct costs. Productivity costs include losses due to time. Indirect costs include pain, suffering, adverse outcomes, and so forth.
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- Information
- Data-Guided Healthcare Decision Making , pp. 244 - 285Publisher: Cambridge University PressPrint publication year: 2023