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Use of time studies for determining intervention costs
Mary J Findorff1, Jean F Wyman, Catherine F Croghan
1Center for Gerontological Nursing, School of Nursing, University of Minnesota, Minneapolis, 55455, USA. find0003@umn.edu
Nursing Research
|July 20, 2005
Summary
Time studies accurately estimate personnel costs for health interventions, crucial for cost-effectiveness analysis. This method helps investigators determine intervention expenses, guiding future economic evaluations.
Area of Science:
- Health Economics
- Intervention Research Methodology
Background:
- Cost-effectiveness analyses (CEA) are vital for evaluating health interventions.
- Accurate cost assessment, particularly personnel costs, is essential for CEA.
- Limited guidance exists for calculating personnel costs in health interventions.
Purpose of the Study:
- To detail the application of time studies for calculating personnel costs.
- To support future cost-effectiveness analyses of health interventions.
Main Methods:
- Literature review on calculating intervention costs for CEA.
- Description of the time study process for personnel cost determination.
- Illustration of separating intervention delivery costs from research implementation costs.
Main Results:
- Time studies offer a reliable estimation of personnel time costs.
- This method distinguishes intervention costs from research-related costs.
Conclusions:
- Time studies are effective for estimating the challenging component of personnel time in intervention costs.
- Effective time study design requires consideration of intervention specifics, staff roles, and data collection duration.