Literature DB >> 26100285

Cost-Value Analysis and the SAVE: A Work in Progress, But an Option for Localised Decision Making?

Jonathan Karnon1, Andrew Partington2.   

Abstract

BACKGROUND: Cost-value analysis aims to address the limitations of the quality-adjusted life-year (QALY) by incorporating the strength of public concerns for fairness in the allocation of scarce health care resources. To date, the measurement of value has focused on equity weights to reflect societal preferences for the allocation of QALY gains. Another approach is to use a non-QALY-based measure of value, such as an outcome 'equivalent to saving the life of a young person' (a SAVE).
OBJECTIVE: This paper assesses the feasibility and validity of using the SAVE as a measure of value for the economic evaluation of health care technologies.
METHODS: A web-based person trade-off (PTO) survey was designed and implemented to estimate equivalent SAVEs for outcome events associated with the progression and treatment of early-stage breast cancer. The estimated equivalent SAVEs were applied to the outputs of an existing decision analytic model for early breast cancer.
RESULTS: The web-based PTO survey was undertaken by 1094 respondents. Validation tests showed that 68 % of eligible responses revealed consistent ordering of responses and 32 % displayed ordinal transitivity, while 37 % of respondents showing consistency and ordinal transitivity approached cardinal transitivity. Using consistent and ordinally transitive responses, the mean incremental cost per SAVE gained was £ 3.72 million.
CONCLUSION: Further research is required to improve the validity of the SAVE, which may include a simpler web-based survey format or a face-to-face format to facilitate more informed responses. A validated method for estimating equivalent SAVEs is unlikely to replace the QALY as the globally preferred measure of outcome, but the SAVE may provide a useful alternative for localized decision makers with relatively small, constrained budgets-for example, in programme budgeting and marginal analysis.

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Year:  2015        PMID: 26100285     DOI: 10.1007/s40273-015-0308-5

Source DB:  PubMed          Journal:  Pharmacoeconomics        ISSN: 1170-7690            Impact factor:   4.981


  20 in total

1.  QALYs: some challenges.

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Journal:  Value Health       Date:  2009-03       Impact factor: 5.725

2.  Cost-value analysis of health interventions: introduction and update on methods and preference data.

Authors:  Erik Nord
Journal:  Pharmacoeconomics       Date:  2015-02       Impact factor: 4.981

3.  With talk of Medicare reform, let's not neglect vertical equity.

Authors:  Kim M Dalziel; Jeffrey R Richardson
Journal:  Med J Aust       Date:  2015-04-06       Impact factor: 7.738

4.  Transforming EQ-5D utilities for use in cost–value analysis of health programs.

Authors:  Erik Nord; Rune Johansen
Journal:  Eur J Health Econ       Date:  2015-04

5.  Deterioration in quality of life following hip fracture: a prospective study.

Authors:  A G Randell; T V Nguyen; N Bhalerao; S L Silverman; P N Sambrook; J A Eisman
Journal:  Osteoporos Int       Date:  2000       Impact factor: 4.507

Review 6.  Venous thromboembolism and cancer: risks and outcomes.

Authors:  Agnes Y Y Lee; Mark N Levine
Journal:  Circulation       Date:  2003-06-17       Impact factor: 29.690

7.  When are person tradeoffs valid?

Authors:  Jason N Doctor; John Miyamoto; Han Bleichrodt
Journal:  J Health Econ       Date:  2009-06-25       Impact factor: 3.883

Review 8.  The person-trade-off approach to valuing health care programs.

Authors:  E Nord
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9.  Methods for the estimation of the National Institute for Health and Care Excellence cost-effectiveness threshold.

Authors:  Karl Claxton; Steve Martin; Marta Soares; Nigel Rice; Eldon Spackman; Sebastian Hinde; Nancy Devlin; Peter C Smith; Mark Sculpher
Journal:  Health Technol Assess       Date:  2015-02       Impact factor: 4.014

10.  Health state utilities for metastatic breast cancer.

Authors:  A Lloyd; B Nafees; J Narewska; S Dewilde; J Watkins
Journal:  Br J Cancer       Date:  2006-09-18       Impact factor: 7.640

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  1 in total

1.  Incorporating Equity Concerns in Cost-Effectiveness Analyses: A Systematic Literature Review.

Authors:  Thomas Ward; Ruben E Mujica-Mota; Anne E Spencer; Antonieta Medina-Lara
Journal:  Pharmacoeconomics       Date:  2021-10-29       Impact factor: 4.981

  1 in total

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