What Are the Steps in Conducting a Cost Effectiveness Analysis?
1. Identify the Interventions: Determine which interventions will be compared. 2. Measure Costs: Calculate all relevant costs associated with each intervention, including direct medical costs, indirect costs, and any other relevant expenses. 3. Measure Outcomes: Determine the health outcomes of each intervention, often using QALYs or DALYs. 4. Compare Costs and Outcomes: Use the ratio of costs to outcomes to compare the cost effectiveness of each intervention. 5. Sensitivity Analysis: Assess the robustness of the results by testing various assumptions and scenarios.
