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Health Economics Evaluation - PDF

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Added on  2021-06-18

Health Economics Evaluation - PDF

   Added on 2021-06-18

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Health Economics1Health Economics Economic Evaluation5TH May, 2018.
Health Economics Evaluation - PDF_1
Health Economics21. Present a summary of why the economic evaluation is neededEconomic evaluation is the systematic identification, quantitative and qualitative analysisof consumption and production of two or more substitute activities to yield a comparativeapproach of the activities towards decision making on the viable and applicable techniquesmainly in health economics and technology [1]. Resultant analysis is useful in making decisionwhen allocating resources to the health sector. In the UK, economic evaluation is used to give aguideline on national policy formulation as included in the technology appraisals [2].Economic evaluation in health care is not just about analysis and for decision making, ithas now been an integral part in the medical facilities and is widely used in medical fields toallow for better resource allocation and to ensure the maximum and great and effective benefit ofthe process [3]. It is argued that Economists, as well as medical researchers, are at the momentimplementing and will in the future continue to do economics evaluation in the health sector. It isa comparative measure to check as economics is not only about the theoretical approaches butalso focuses on the quantitative analysis that is there to facilitate the smooth running of themedical fields [15].Economic evaluation isn’t just a one-time process. It is rigorous because of the analyticalevaluation involved. The process alone is composed of many stakeholders involved. They caninclude; government clinical practitioners, researchers, market surveyors, financers, economists’research firms and the list goes on [6]. This means the data and information received andgathered are verified and have guaranteed evidence in case modification is needed. Economicevaluation has embraced the use of modern technology in a wide view. The incorporation oftechnology has not only made work easier that has facilitated the speed to which data is gotten inquite a reliable and efficient way minimizing the errors and possible mistakes that human can
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Health Economics3make [7]. Technology appraisal has used various approach for assessments and other countrieslike Australia have identified many success stories of health economic evaluation focusing on thebest standards and best practices in the medical fields [19]. Economic may be viewed as just interms of costs and benefits but that alone is not enough. There have to be various merits onwhich to base such important decisions to make proper judgment and also the decision makingsthat surround the facility [22]. The different decision can be based upon.2. Apply the NHS EED guidelines to the published economic evaluationNHS ECONOMIC EVALUATION DATABASECost-effectiveness of a population-based lifestyle intervention to promote healthy weight andphysical activity in non-attenders of cardiac rehabilitation. Heart, Lung and Circulation. 2016Mar 1; 25(3):265-74.Cheng Q, Church J, Haas M, Goodall S, Sangster J, Furber S.SourceHeart Lung and Circulation: heartlungcirc.orgYear of Publication2015Volume25Record statusThe content of this report was collected and compiled by CEAhealth reviewers who sought to evaluate the extended cost-effectivenessof two cardiac rehabilitation approaches and physical activity of patientswho had attended cardiac rehabilitation centers.Study Question andPerspectiveThe evaluation of long term cost-effectiveness based on twoapproaches: one on home rehabilitation of patients and the other ontherapy through physical activity. A cost-effectiveness analysis will beconducted through the two Randomised evaluation techniques whereone trial compares HW to PANACHE while the other one PANACHE
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Health Economics4study to the common care.The perspective herein entailed partial societal economicevaluation considering the cost of approach and expenses incurred bythe patientsHealth TechnologyThe approach included the use of pedometer telephone contactand coaching, time sets concerning various parameters such as weightvariations over some time, feeding routines and nutritional intakes andboth personal and communal physical activities [12]. Theses parameterswere compared and contrasted to a previously undertaken exercise on agroup of patients who had prior information concerning brochures andphysical activity.Intervention TechniqueCardiac RehabilitationDisease Study CaseCardiovascular diseases in Australia is considered one of theleading causes of death with over 3 million people having beendiagnosed with either long term or short term effects. Its burden is notonly evident in premature loss of lives but also in incapacitation and lifeterm disabilities.HypothesisThe cost-effectiveness analysis was undertaken using dataobtained from the random analysis of two techniques. The hypothesisfor the two interventions were: 1. Healthy Weight pedometer-based telephone coaching CR programfor CVD patients that never attended CR is more cost-effective than
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