Health Sciences 2045A/B Lecture Notes - Lecture 4: Orthopedic Surgery

• School: Western University
• Department: Health Sciences
• Course: Health Sciences 2045A/B
• Professor: Denise Grafton

Document Summary

Resources are scarce but we have pressure from interest groups to invest in everything. 4 types of eval - all of these eval cost and health consequences. Trying to quantify what is gained from putting out an investment. Evaluation with 1 option is descriptive: cost analysis health consequences are considered to be equal, so only the cost is taken into count. This assumption is not always true: cost effectiveness natural units are used, like heart attacks prevented or life years gained. Health outcomes are quantified: cost utility analysis health outcomes are based on qaly which is why there are considered better, cost benefit analysis willingness to pay for it, this is the least frequent way. Orthopedic surgeon billing for procedure, prep, and follow up. In economics costs are measured in opportunity costs the cost of something is what you give up to get it. Rct tool to eval effectiveness individuals are randomly assigned to a treatment.