Economicevaluation 08.Pptx

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An overview of economic evaluations in clinical reseach adapted from a NIH sponsored workshop.

Economy & Finance Technology

Economic Evaluation In Clinical Research

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Economic Evaluation: Challenges in Research Design and Measurement

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There is often more than one way of doing something in healthcare. For example, there may be two different drugs that can be used to treat depres sion, or two surgical techniques for the management of dysmenorrhoea. Note that interventions may be compared against each other ( for example antibiotic A against antibiotic B) or against a ' do nothing' scenario. There are different ways in which we can choose one of these options. We may decide to pick the more effective surgical technique, or we may decide to select the less costly antidepressant. Economic evalu ation is a generic term for techniques that are used to identify, measure and value both the costs and the outcomes of healthcare interventions. An economic evaluation is concerned with identifying the differences in costs and outcomes between options. It can be defined as a study that compares the costs and benefits of two or more alternative interventions; so, the main components are costs and benefits

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Health economics is the discipline of economics applied to the topic of health care. Broadly defined, economics concerns how society allocates its resources among alternative uses. Health economics addresses questions primarily from the perspective of efficiency, maximising the benefits from available resources or ensuring benefits gained exceed benefits forgone. This presentation covers the concept, components, importance, factors influencing, steps and various types of evaluation in health economics.

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