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  • Cost-Effectiveness

    Author(s)
    Barnsbee, Louise
    Barnett, Adrian G
    Halton, Kate
    Nghiem, Son
    Griffith University Author(s)
    Nghiem, Son H.
    Year published
    2018
    Metadata
    Show full item record
    Abstract
    If VADs and ECMO are to become part of routine care, they need to demonstrate that they are cost-effective. Otherwise, the time and money they consume would be better spent elsewhere in the health system. A cost-effective therapy is one that provides value for money in terms of the healthy life years gained for the costs incurred. The lives saved by VADs and ECMO need to be balanced against their relatively high cost. In this chapter we explain the key parts of a cost-effectiveness analysis using examples from published studies of VADs and ECMO.If VADs and ECMO are to become part of routine care, they need to demonstrate that they are cost-effective. Otherwise, the time and money they consume would be better spent elsewhere in the health system. A cost-effective therapy is one that provides value for money in terms of the healthy life years gained for the costs incurred. The lives saved by VADs and ECMO need to be balanced against their relatively high cost. In this chapter we explain the key parts of a cost-effectiveness analysis using examples from published studies of VADs and ECMO.
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    Book Title
    Mechanical Circulatory and Respiratory Support
    DOI
    https://doi.org/10.1016/B978-0-12-810491-0.00024-2
    Subject
    Public Health and Health Services not elsewhere classified
    Publication URI
    http://hdl.handle.net/10072/373006
    Collection
    • Book chapters

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