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Cost–effectiveness assessment of cardiac interventions: determining a socially acceptable cost threshold

Year: 2014

Type: article

Abstract: Health care is a vital good for which there is an infinite demand. However, societal resources are finite and need to be distributed efficiently to avoid waste. Thus, the relative value of an intervention - cost compared to its effectiveness- needs to be taken into consideration when deciding which interventions to adopt. Cost-effectiveness analysis provides the crucial information which guides these decisions. As the field of medicine and indeed cardiology move forward with innovations which are effective but often expensive, it becomes imperative to employ these cost-effectiveness analytic tools, not with the intention of denying vital health services but to ascertain what the society willing to pay for.

Source: Interventional Cardiology

DOI: 10.2217/ica.13.81

Authors: Chete M Eze-Nliam, Zugui Zhang, Sandra A Weiss, William S Weintraub

Institutions: Christiana Care Health System, Thomas Jefferson University, Christiana Hospital

Language: English

Topic: Health Systems, Economic Evaluations, Quality of Life

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Good health and well-being

Open Access status: green

Funder: National Institute of General Medical Sciences