Valuing health the generalized and risk-adjusted cost-effectiveness (GRACE) model / Charles E. Phelps and Darius N. Lakdawalla.

Author/creator Phelps, Charles E.
Other author Lakdawalla, Darius.
Other author Oxford University Press.
Format Electronic
Publication InfoNew York, NY : Oxford University Press, [2024]
Descriptionxxii, 300 pages : illustrations ; 24 cm
Supplemental ContentFull text available from Oxford Scholarship Online
Subjects

Contents Why We Need Cost-Effectiveness Analysis, How It Is Done, and Why It Needs Fixing -- Diminishing Returns ... Everywhere -- How Uncertain Treatment Outcomes Affect Value -- The Total Value of Medical Interventions and the Tradeoff between Qol and Le -- The Consequences of Permanent Disability -- Multi Period Models -- In Search of Decision Thresholds -- Measuring the Risk Parameters -- Putting Together the Parts -- Transition Issues -- Consequences for Health Plans -- Welfare and Equity Implications of Grace -- Conclusions and Next Steps.
Abstract "Cost-effectiveness analysis (CEA) has become the mainstay of many health care systems to estimate the value of medical interventions, and is used at least as a reference point in many more. The subject is taught widely in graduate programs involving health care, such as Master of Public Health, Master of Public Policy, and courses in medical schools and graduate business school courses. It is also taught extensively through online and in-person courses from such organizations as the Society for Medical Decision Making and ISPOR-The International Society for Pharmacoeconomics and Outcomes Research, which has approximately 15,000 world-wide members. The Tufts University registry of CEA studies now contains over 11,000 entries. Clearly, cost-effectiveness analysis is a large and active "industry.""-- Provided by publisher.
Bibliography noteIncludes bibliographical references and index.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
LCCN 2023017324
ISBN9780197686287 (hardback)
ISBN9780197686294 (paperback)
ISBN(epub)
ISBN(online)

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Electronic Resources Access Content Online ✔ Available