CHAPTER 14 HEALTH TECHNOLOGY ASSESSMENT
CHAPTER 14 HEALTH TECHNOLOGY ASSESSMENT
Intro Health technology assessment(HTA)is comprised of two parts: Cost effectiveness analysis(the science of comparing the costs and benefits of different medical treatments) Cost-benefit analysis(the process of choosing an optimal treatment by creating a tradeoff between money and health) HTA may sound dry and technical but it generates enormous controversy because it involves placing an explicit value on human life. Bhattacharya,Hyde and Tu-HealthEconomics
Bhattacharya, Hyde and Tu – Health Economics Intro Health technology assessment (HTA) is comprised of two parts: Cost effectiveness analysis (the science of comparing the costs and benefits of different medical treatments) Cost-benefit analysis (the process of choosing an optimal treatment by creating a tradeoff between money and health) HTA may sound dry and technical but it generates enormous controversy because it involves placing an explicit value on human life
COST EFFECTIVENESS ANALYSIS Ch 14 Health technology assessment
Ch 14 | Health technology assessment COST EFFECTIVENESS ANALYSIS
Cost effectiveness analysis Definition:the process of measuring the costs and health benefits of various medical treatments,procedures,and therapies. Cost effectiveness analysis(CEA)is the less controversial part of HTA,because it is concerned with measuring costs and benefits,not balancing them against each other. Bhattacharya,Hyde and Tu-HealthEconomics
Bhattacharya, Hyde and Tu – Health Economics Cost effectiveness analysis • Definition: the process of measuring the costs and health benefits of various medical treatments, procedures, and therapies. Cost effectiveness analysis (CEA) is the less controversial part of HTA, because it is concerned with measuring costs and benefits, not balancing them against each other
Cost effectiveness analysis Often multiple treatments,with varying costs, can be used to treat a given disease. ·In such cases How do insurance companies decide which treatments,if any,to provide coverage for? How do patients decide between an expensive and highly effective treatment and a low-cost treatment that is less effective? Bhattacharya,Hyde and Tu-HealthEconomics
Bhattacharya, Hyde and Tu – Health Economics Cost effectiveness analysis • Often multiple treatments, with varying costs, can be used to treat a given disease. • In such cases • How do insurance companies decide which treatments, if any, to provide coverage for? • How do patients decide between an expensive and highly effective treatment and a low-cost treatment that is less effective?