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Cost collection and analysis for health economic evaluation
Kristine A Smith1, Luke Rudmik
1Division of Otolaryngology-Head and Neck Surgery, Department of Surgery, University of Calgary, Calgary, Alberta, Canada.
Summary
Accurate health care cost collection and estimation are vital for reliable economic evaluations. An organized approach is essential to improve the accuracy of cost data and outcomes in healthcare research.
Area of Science:
- Health Economics
- Health Services Research
Background:
- Health care cost data collection and analysis are complex processes.
- Standardized methodologies are needed for accurate economic evaluations.
Purpose of the Study:
- To enhance understanding of health care cost collection, estimation, analysis, and reporting.
- To provide guidance on best practices in health economic evaluations.
Main Methods:
- Literature review of cost collection methodologies.
- Discussion of resource identification, quantification, and valuation.
- Examination of cost reporting, data uncertainty, future costs, and productivity losses.
Main Results:
- Identified key challenges in health care cost collection and estimation.
- Outlined recommendations for cost reporting in economic evaluations.
- Reviewed techniques for handling cost data uncertainty and controversial cost elements.
Conclusions:
- An organized approach is crucial for optimizing the accuracy of economic evaluation outcomes.
- Improved understanding of cost estimation techniques enhances critical appraisal and development of future economic evaluations.
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