quality adjusted life year

quality adjusted life year

A parameter derived from a modification of standard life-table procedures, which is designed to take account of the quality of life as well as the duration of survival with a particular disease—e.g., cancer, diabetes, multiple sclerosis. QALY can also be used in assessing the outcome of healthcare procedures or services.
References in periodicals archive ?
One Quality Adjusted Life Year is equal to one year of perfect health.
But a preliminary appraisal by the New Medicines Group issued to AWMSG says the case for cost-effectiveness for the drug "has not been proven" and estimates the cost to be more than PS500,000 per quality adjusted life year - a measurement which looks at both the quality and the quantity of life added by a drug.
Researchers used the Quality Adjusted Life Year (QALY) scale to measure benefit to patients in comparison to the direct and indirect costs of the surgical procedures over a two-year period after surgery.
As to establishing the value of a drug under the proposed scheme, the OFT advocates the Quality Adjusted Life Year ('QALY') measure used by the National Institute of Clinical Excellence ('NICE').
Even if the prevalence were as low as 5/10,000, the cost per quality adjusted life year would still be under $50,000.
Set against the Quality Adjusted Life Year scale, which measures 'life gains', it works out about pounds 19,000 but compared to the cost of prescribing antibiotics for meningitis, it's still an expensive option.

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