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Estimating the costs of preventive interventions.
E Michael Foster1, Michele M Porter, Tim S Ayers
1University of North Carolina, USA.
Evaluation Review
|May 5, 2007
Summary
This study enhances cost estimation practices for prevention programs. It outlines key steps, guiding principles, and real-world implementation considerations for accurate intervention cost reporting.
Area of Science:
- Health Economics
- Program Evaluation
- Public Health Policy
Background:
- Accurate cost estimation is crucial for effective prevention program implementation and resource allocation.
- Current reporting practices for intervention costs can be inconsistent, hindering comparability and decision-making.
- Understanding the financial implications of prevention programs is vital for scalability and sustainability.
Purpose of the Study:
- To improve the practice and reporting standards for cost estimates of prevention programs.
- To provide a clear framework for estimating intervention costs, including essential principles.
- To illustrate cost estimation principles with a practical case study.
Main Methods:
- Review of established steps and principles for estimating intervention costs.
- Analysis of prior cost estimation efforts in diverse, well-known studies.
- Application of principles using the Family Bereavement Program as a case example.
Main Results:
- Identified key components and principles for robust cost estimation in prevention programs.
- Demonstrated the practical application of cost estimation methodologies.
- Highlighted factors influencing cost variations in real-world program implementation.
Conclusions:
- Adherence to standardized principles can enhance the accuracy and transparency of prevention program cost estimates.
- The Family Bereavement Program example illustrates the practical application and potential challenges in real-world cost assessment.
- Improved cost reporting facilitates better resource allocation and evidence-based decision-making in public health.
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