Policy Advice
Economic Evaluation of Healthcare Innovation
_________
HTA// QALY// CEA// CUA// ICER// ICUR
[dropcap]C[/dropcap]onducting a Health Technology Assessment (HTA), focusing on the economic evaluation of development, diffusion, and use of a healthcare innovation from a societal perspespective. Comparing Cognitive Functional Therapy (CFT), a new multilevel, patient-centered clinical form of therapy for chronic low back pain, with usual care, where it showed superior clinical outcomes in chronic low back patients. The paper aimed to show whether CFT is more valuable in terms of costs, effects and utilities compared to care as usual in the United Kingdom. An economic evaluation, including a cost-effectiveness and cost-utility analysis was performed.
- Timeframe
- 2 years
- Costs – groups, volumes & per unit
- health care sector itself
- patient and family of the patient
- outside the health care sector
- Effectiveness – Costs & Effects
- Cost-Effectiveness Analysis (Oswestry Disability Index (ODI))
- Cost-Utility Analysis, QALYs (EuroQol-5D (EQ-5D)
- Incremental cost-effectiveness ratio (ICER)
- Incremental cost-utility ratio (ICUR)
- Sensitivity analysis (total costs; effectiveness ratio)
- Discussion
- Results’ Summary
- Strengths & Limitations
- Generalizability
- Policy Recommendation
- Scientific Recommendations
- Implementation
The overall findings showed that CFT is a highly cost-effective intervention and an implementation in the United Kingdom is recommended. However, more in-depth research aiming to prove that CFT can be a best practice reference, and to define its application in official guidelines, was recommended.
This project was conducted in reference to the course Economics of Healthcare during the Master Healthcare, Policy, Innovation and Management.
