Cost-Effectiveness in Health and Medicine

Cost-Effectiveness in Health and Medicine

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This is a unique, in-depth discussion of the uses and conduct of cost-effectiveness analyses (CEA) as decision-making aids in the health and medical fields. The product of over two years of deiberation by a multi-disciplinary Public Health Service appointed panel that included economists, ethicists, psychometricians, and clinicians, it explores cost-effectiveness in the context of societal decision-making for resource allocation purposes. It proposes that analysts include a "reference-case" analysis in all CEA's designed to inform resource allocation and puts forth the most expicit set of guidelines (together with their rationale) ever outlined of the conduct of CEAs. Important theoretical and practical issues encountered in measuring costs and effectiveness, valuing outcomes, discounting, and dealing with uncertainty are examined in separate chapters. These discussions are complemented by additional chapters on framing and reporting of CEAs that aim to clarify the purpose of the analysis and the effective communication of its findings. Primarily intended for analysts in medicine and public health who wish to improve practice and comparability of CEAs, this book will also be of interest to decision-makers in government, managed care, and industry who wish to consider the roles and limitations of CEA and become familiar with criteria for evaluating these studies.show more

Product details

  • Hardback | 448 pages
  • 182.88 x 261.62 x 27.94mm | 884.5g
  • Oxford University Press Inc
  • New York, United States
  • English
  • New.
  • line figures and tables
  • 0195108248
  • 9780195108248
  • 932,025

Back cover copy

A unique, in-depth discussion of the uses and conduct of cost-effectiveness analyses (CEAs) as decision-making aids in the health and medical fields, this book is the product of over two years of comprehensive research and deliberation by a multi-disciplinary panel of economists, ethicists, psychometricians, and clinicians appointed by the U.S. Public Health Service. Exploring cost-effectiveness in the context of societal decision making for resource allocation purposes, the authors propose that analysts include a "reference-case" analysis in all CEAs designed to inform resource allocation, and they put forth the most explicit set of guidelines (together with their rationale) ever defined on the conduct of CEAs. Important theoretical and practical issues encountered in measuring costs and effectiveness, evaluating outcomes, discounting, and dealing with uncertainty are examined in separate chapters. Additional chapters on framing and reporting of CEAs elucidate the purpose of the analysis and the effective communication of its findings.show more

Table of contents

1. Cost-Effectiveness Analysis as a Guide to Resource Allocation in Health: Roles and Limitations ; 2. Theoretical Foundations of Cost-Effectiveness Analysis ; 3. Framing and Designing the Cost-Effectiveness Analysis ; 4. Identifying and Valuing Outcomes ; 5. Assessing the Effectiveness of Health Interventions ; 6. Estimating Costs in Cost-Effectiveness Analysis ; 7. Time Preference ; 8. Reflecting Uncertainty in Cost-Effectiveness Analysis ; 9. Reporting Cost-Effectiveness Studies and Results ; Appendix A: Summary of Recommendations for the Reference Case ; Appendix B: Cost-Effectiveness of Strategies to Prevent Neural Tube Defects ; Appendix C: The Cost-Effectiveness of Dietary and Pharmacologic Therapy for Cholesterol Reduction in Adultsshow more

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