cost-effectiveness ratio

cost-effectiveness ratio

The ratio of the costs of a healthcare intervention (compared to the alternative—e.g., non-intervention or best alternative treatment) to the change in effects of the intervention—e.g., avoiding a relapse in a cancer patient, heart attack in a hypertensive patient.
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The incremental cost-effectiveness ratio (ICERs) was estimated to be $7207.9 per QALY gained and $5720.6 per LY gained for Oncotype DX versus current clinical practice in Turkey.
The average costs and effects for each treatment group were used to estimate incremental costs, incremental effects, and the incremental cost-effectiveness ratio (ICER).
"Thus, because the treated group had lower costs and this strategy was more effective, administration of betamethasone to women at risk for late preterm birth was judged to be a dominant strategy, which is defined as one in which costs are lower and effectiveness is higher than a comparator (incremental cost-effectiveness ratio [ICER], -23 986)," Dr.
Eli Reiter, manager of IMI's firepower division, praised Rampage's "extraordinary cost-effectiveness ratio" but did not disclose the missile's cost.
Accordingly, the investigators used a decision analytic model to simulate the clinical and economic effects of seven different ECT treatment strategies, and calculated the incremental cost-effectiveness ratio of each.
The incremental cost-effectiveness ratio for PCI, compared with OMT at 3 years was attractive at $1,600 per quality-adjusted life-year gained.
The drug was found to be within the threshold of what is considered a cost-effective use of NHS resources as the cost-effectiveness ratio for the treatment followed by best supportive care, in comparison to supportive care alone, was [pounds sterling]23,115 per QALY gained.
The optimal package's incremental cost-effectiveness ratio is $1454/QALY (quality-adjusted life year) over 5 years and $2380/QALY over 30 years.
Despite the sensitivity of cost-effectiveness ratio, the range across which ICER varied didn't alter any of the results.
Cost-effectiveness ratio involves two aspects: one is the level of damage (namely, threat, short as T value, which is expressed as r.th) which the attacker can cause for the controller using that resource, and the other is the effort (namely, effort, short as E value, which is expressed as r.ef) the attacker has to pay for getting that resource.