Cost-Effectiveness in Health and Medicine, 2nd Edition

This is a revised and expanded edition of the original text on Cost-Effectiveness in Health and Medicine. The Second Panel on Cost-Effectiveness in Health and Medicine included experts drawn from academia, healthcare administration, and government. The book offers advice for conducting analyses to improve the allocation of health resources, and is intended for economists, policy analysts, hospital executives, and students across health, business, and humanities disciplines.

New components of this edition, include an in-depth review of the past 20 years of cost-effectiveness analysis (CEA) and its use; revised recommendations for the conduct and use of CEA; new chapters on simulation modeling, ethics, and evidence synthesis; descriptions of appropriate methods for CEA, including use of QALYs to measure health gain and assigning components to numerators/denominators of cost-effectiveness ratios; incorporation of an impact inventory table to identify the health and non-health impacts of interventions considered in a CEA.

Chapters include:

• Ch 1: Using CEA in Health and Medicine
• Ch 2: Theoretical Foundations of CEA
• Ch 3: Recommendations on Perspectives for Reference Case
• Ch 4: Designing a Cost-Effectiveness Analysis
• Ch 5: Decision Models in Cost-Effectiveness Analysis
• Ch 6: Identify and Quantify Consequences of Interventions
• Ch 7: Valuing Health Outcomes
• Ch 8: Estimating Costs and Valuations Non-Health Benefits
• Ch 9: Evidence Synthesis for Informing CEA
• Ch 10: Discounting in Cost-Effectiveness Analysis
• Ch 11: Reflecting Uncertainty in CEA
• Ch 12: Ethical and Distributive Considerations
• Ch 13: Reporting Cost-Effectiveness Analyses