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Is Innovation Worth the Price? Cost-Effectiveness Analysis in Interventional Oncology.
Ludovico Cavallaro1, Carla Rognoni2
1Center for Research on Health and Social Care Management (CERGAS), SDA Bocconi School of Management, Via Sarfatti, 10, 20136, Milan (MI), Italy. ludovico.cavallaro@unibocconi.it.
Cost-Effectiveness Analysis (CEA) guides healthcare resource allocation by evaluating intervention value. This study shows how CEA supports evidence-based policies in interventional oncology, balancing costs and clinical benefits.
Area of Science:
- Health Economics
- Health Technology Assessment (HTA)
Background:
- Cost-Effectiveness Analysis (CEA) is vital for healthcare decision-making and resource allocation.
- Rigorous CEA involves selecting comparators, assessing costs, evaluating outcomes, and using robust modeling.
- Interventional oncology faces challenges with innovative, costly procedures requiring demonstration of long-term benefits.
Purpose of the Study:
- To illustrate how CEA supports evidence-based healthcare policies.
- To demonstrate the application of CEA in interventional oncology.
Main Methods:
- Utilizing a case study by Rognoni et al.
- Comparing transarterial radioembolization (TARE) and sorafenib for liver tumors.
- Applying principles of comprehensive cost assessment and outcome evaluation.
Main Results:
- CEA provides economic evidence to balance clinical effectiveness with resource efficiency.
- Findings from CEA inform value-for-money assessments of medical interventions.
- The case study highlights CEA's role in guiding healthcare policies for liver tumor treatments.
Conclusions:
- CEA is essential for informed healthcare decision-making in HTA.
- Economic evidence from CEA is crucial for adopting innovative oncology treatments.
- CEA, within the broader HTA framework, supports efficient and ethical resource allocation.
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