HSA 4191 Chapter Notes - Chapter 13: Formal Methods
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A number of studies have documented the use of conventional benefit-cost, cost- effectiveness, or cost-utility analysis in healthcare. Benefit-cost analyses are applied hen all aspects of the costs related to a technology benefits of that technology are measured in monetary terms. The outcome from these analyses might be presented as in benefits for every in cost (/) The decision calculus then enables leadership to select among alternative that have the highest ratio. For many healthcare applications, some of the outcomes or benefits may be difficult or objectionable to put into financial terms: loss of life . But not everyone is comfortable with making those assessments. Cost-effectiveness analyses : were developed for technologies and resulted in outcomes that could not be quantified, for example . One might estimate the costs associated with extending life for an additional year. The outcome from these analyses might be presented as ,000 cost per life year saved (,000/life year)
