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Cost-effectiveness in surgery: concepts of cost-utility analysis explained
Ravi Vissapragada1,2, Norma Bulamu1,2, Jonathan Karnon2
1Discipline of Surgery, College of Medicine and Public Health, Flinders University, Adelaide, Bedford Park, South Australia, 5042, Australia.
ANZ Journal of Surgery
|January 22, 2021
Summary
Economic evaluations are crucial for surgical practice, assessing clinical interventions
Area of Science:
- Health Economics
- Surgical Research
Background:
- Economic evaluations are increasingly integral to surgical evidence.
- Guidelines emphasize both clinical and economic benefits of surgical interventions.
- Justifying public healthcare costs requires understanding intervention benefits.
Purpose of the Study:
- To inform surgeons about economic evaluation methods.
- To explain how to determine and compare cost-effectiveness of surgical treatments.
- To clarify concepts, outcomes, and limitations of economic evaluations in surgery.
Main Methods:
- Review of economic evaluation types, uses, and design.
- Discussion of model parameters, output interpretation, and uncertainty analyses.
- Illustrative example comparing surgical vs. medical cancer treatment costs and effects.
Main Results:
- Economic evaluations assess cost-effectiveness of surgical interventions.
- Understanding methodological differences and limitations is vital.
- A hypothetical cancer treatment example clarifies key concepts.
Conclusions:
- Surgeons need to understand economic evaluations for evidence-based practice.
- Cost-effectiveness analysis is essential for justifying surgical costs.
- Familiarity with economic evaluation principles improves interpretation of surgical research.
Keywords:
cost-effectivenesscost-utility analysiseconomic evaluationhealth economicssurgical educationMore Related Videos
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