Inpatient costs of major cardiovascular events

P W Radensky1, E Berliner, J W Archer

  • 1Health Law Department, McDermott, Will & Emery, Miami, Florida, USA. pradensky@mwe.com

Insights

This study created a standardized library of inpatient hospital costs for cardiovascular events to improve comparisons in clinical trials. This cost library uses publicly available data for consistent economic analyses.

Area of Science:

  • Health Economics
  • Cardiovascular Medicine
  • Health Services Research

Background:

  • Economic evaluations in cardiovascular disease trials lack standardized cost data.
  • Variations in cost assignment methods hinder cross-trial comparisons.
  • A uniform approach to hospital cost estimation is needed for cardiovascular therapies.

Purpose of the Study:

  • To develop a standard library of inpatient hospital costs for major cardiovascular events.
  • To facilitate consistent economic analyses in clinical trials for new cardiovascular therapies.

Main Methods:

  • Calculated mean and median hospital charges from Medicare admissions (HCUP NIS database).
  • Converted charges to costs using Medicare cost-to-charge ratios.
  • Updated costs to 1999 values using MedPAC forecasts.

Main Results:

  • Inpatient costs for medical events ranged from $3654 to $7833 (1999 USD).
  • Costs for surgical procedures ranged from $7054 to $46,317 (1999 USD).
  • Hospital costs were higher for patients who died compared to those discharged.

Conclusions:

  • A uniform method for estimating hospital costs was established using accessible data.
  • The developed cost library can be updated annually.
  • Standardized cost estimates will enhance economic analyses in cardiovascular clinical trials.
Abstract

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