What are the Key Components of Cost Effectiveness Analysis?
Several components are critical in CEA: - Costs: Direct costs (e.g., medical expenses), indirect costs (e.g., lost productivity), and intangible costs (e.g., pain and suffering). - Effectiveness: Measured in terms of health outcomes like QALYs or DALYs. - Comparators: Interventions or strategies being compared. - Time Horizon: The period over which costs and outcomes are measured. - Perspective: The viewpoint from which the analysis is conducted (e.g., societal or healthcare system).
