Flashcards
Economic Analysis
Cards in this deck (20)
- 1T/F: Quality is always directly correlated with cost.F. Point of maximal quality and it starts to decrease.
- 2What are the three types of economic analysis?1. Cost minimization
2. Cost effectiveness
3. Cost benefit - 3Cost minimization study compares the cost of two interventions of the same _________.Benefit
- 4Cost effectiveness studies compare the cost of two interventions with ________ benefits.Different benefits
- 5The benefit is measured in terms of _________.1. lives saved
2. number not hurt
3. persons able to live at home - 6Cost utility is the outcomes in terms of _____________.Quality adjusted life years
- 7Cost benefit studies compare costs and benefits in terms of ________.Dollars
- 8Quality-adjusted life year is _________.1 year of perfect health
- 9To measure QALY, 0 means _____, 100 means _______.0 means dead.
100 means perfect health - 10EQ5D is a measure of _______.quality of life
- 11ICER stands for ____________.Incremental cost effectiveness ratio
- 12ICER is calculated by __________.[difference in cost] / [difference in QALY ] x year
- 13T/F: Costs is measured by how much the society spends on the intervention.F.
Cost of individual, cost of organization, cost of society. - 14Special analysis in CEA studies:1. Cost-effectiveness analysis planes
2. Cost-effective analysis curves (willingness to pay) - 15The cost-effective analysis plane is also called the ________.Monte Carlo plane/ bootstrapping plane
- 16Tornado plots demonstrates which estimates contribute most to the ________.Variability
- 17Two axes on Monte-Carlo planex-axis: QALY
y-axis: cost - 18Two essential applicability questions to ask for economic analysis studies are:1. Could my patient expect similar results compared to those in the study?
2. Would my patients expect similar costs compared to those in the study? - 19Internal vailidy questions on economic analysis: 1. Did the research question clearly and accurately define the _____ compared? 2. Was the ______ of the analysis defined? (individual, societal, organizational) 3. Were the important and relevant __________ identified? 4. Were the ______ properly measured and valued? 5. Was appropriate allowance made for uncertainties in the evaluation by including a ___________ incorporating clinically sensitive variations in important variables?1. Did the research question clearly and accurately define the [OPTIONS] compared?
2. Was the [PERSPECTIVE] of the analysis defined? (individual, societal, organizational)
3. Were the important and relevant [HEALTH OUTCOMES] identified?
4. Were the [COSTS] properly measured and valued?
5. Was appropriate allowance made for uncertainties in the evaluation by including a [SENSITIVITY ANALYSIS] incorporating clinically sensitive variations in important variables? - 20Interpret the willingness to pay graph with given society.Draw a straight line up. The higher cost-effectiveness is the better choice.
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- PT 561 Evidence Based Practice Flashcards on Economic Analysis, created by Mia Li on 08/11/2017.
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- Mia Li
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