What is cost-effectiveness analysis?
This type of study measures whether adopting the new diagnostic provides value for money. The analysis measures the cost of adopting the new diagnostic relative to the potential benefits to the patient and the healthcare system.
When should cost-effectiveness analysis be done?
For this type of analysis we require the developers to have a CE marked product and data to demonstrate the diagnostic accuracy of the test.
What we do
We perform cost-effectiveness analysis of the developer’s diagnostic and compare this to current practice. This work requires knowledge of the care pathways and a systematic literature review to collect the values for the analysis. We will also perform sensitivity analysis to characterise decision uncertainty.
- Develop the decision problem and health economics analysis plan
- Collect values to use in the analyses
- Analyse and communicate the results
Look at the impact posts below for examples of our cost-effectiveness analysis work.