What is the cost-effectiveness of the new treatment

Assignment Help Business Management
Reference no: EM131584287

Assume you want to determine the cost-effectiveness of a New Treatment for stage 4 breast cancer compared to the Old Treatment. You decide to use a one-year time frame. The New Treatment costs $60,000 per patient per year, and 80% of patients are alive at the end of one year. The Old Treatment costs $40,000 per patient per year, and 60% of patients are alive at the end of one year. Assume all relevant outcomes, costs, discounting, etc. are already included.

a) What is the cost-effectiveness of the New Treatment compared to the Old Treatment? Calculate the answer, expressed as cost per life-year gained. Show your work (as much as possible) and give the answer.

b) Next, assume you measure the health state preference (utility) of the patients receiving the two treatments, and you find that the utility is higher for the Old Treatment compared to the New Treatment. In this cost-utility analysis, would it ever be possible for the Old Treatment to be clearly cost-saving (i.e., gain more QALYs for a lower cost) when compared to the New Treatment? If so, how might this occur? If not, why is it not possible?

Reference no: EM131584287

Questions Cloud

What is the cost of buying the stocks in the index : What is the cost of buying the stocks in the index, financing the purchase out three months, and factoring in the dividends received?
Gaps you saw in the research : Describe the topic on which you have worked all semester. Then state what further research might be appropriate on the topic or what questions have.
How the principles of nvc positively impact communication : How might the principles of NVC positively impact communication. How might the 3R''s positively impact communication.
End of the given investment horizon : Determine the amount of money Steve will have at the end of the given investment horizon (maturity).
What is the cost-effectiveness of the new treatment : What is the cost-effectiveness of the New Treatment compared to the Old Treatment? Calculate the answer, expressed as cost per life-year gained.
Write a paper on television and union and corporations : Write Research paper on 1950's Television and 1950's Union and Corporation. Each group will research their selected or assigned decade for its economic history.
Provide a short reflection based on your quiz results : Assessing how well you communicate. You will first take a communication quiz; then, you will provide a short reflection based on your quiz results.
Find polynomial functions : Find polynomial functions f(x), g(x) and h(x) that are orthogonal in the sense of the L2 inner product on the interval [0, 1].
Solve the given proble using cauchy inequality : A careful examination of the proof just presented shows that we did not explicitly use the definition of the complex vector dot product.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd