Term
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Definition
dscription and analysis of costs of drug therapies to health care sys and sciety
id, meas, compare costs and consequenes of therapies and services
input (costs) -- Rx -- outcomes (ouputs)
challenge = control cost and maximize benefit |
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Definition
Outcomes research: Broader
- health care interventions are evaluated to see if goal is reached = outcomes relevant to patient care |
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Term
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Definition
Direct: involves transfer of money (medical and non medical - as long as its related to treatment)
Indirect: unpaid resource use (absent from work leadit go lost productivity!
intangible costs: pain suffering anxiety due to illness |
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Term
| cost types within direct and indirect |
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Definition
variable: varies over time
fixed: not expectedt change over time
semi fixed: could vary usually over time btwn alt
opporunity cost: amt resource could earn in highest vlaueed alternative use |
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Term
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Definition
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Term
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Definition
bringing future costs to present value
(for studies that span for more than a yr)
future $$ isnt as valued as highly as current $$
Discount factor: 1/(1+r)^t
rule of thumb 3-6% discount rate |
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Term
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Definition
bringing past costs to present value
Retrospectie data |
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Term
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Definition
Incremental Cost Effectiveness Ratio (ICER)
Average (simple) C/E ratio = cost/effect
ICER = change in cost/change in effect = cost n - cost o / effect n - effect o
which then gives u $$$/for one additional success |
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| Resources: how cost is measured |
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Definition
medications: AWP/AMP
med services: charges/reimbursements
personnel: work measurement
hospitalizations: per diem, dz specific per diem, DRG, micro-costing |
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