How do I conduct a cost-effectiveness analysis?
An example of an AI chatbot conversation about conducting cost-effectiveness analysis.
How do I conduct a cost-effectiveness analysis?
To conduct a cost-effectiveness analysis, start by defining the objective of the analysis and the alternatives you want to compare.
What factors should I consider when defining the alternatives?
Consider factors like the scope of the analysis, the target population, and the time frame for the costs and outcomes.
How do I measure costs and outcomes?
Costs can be measured in monetary terms, while outcomes can be measured in health effects, such as quality-adjusted life years (QALYs).
Can you give me an example of a cost-effectiveness analysis?
Sure! For example, comparing a new drug to an existing treatment by analyzing the costs per QALY gained.
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