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Description
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Session Details
PM01: SMDM Core Course: Introduction to Cost-Effectiveness Analysis
(
Event:
SMDM 39th Annual Meeting: Pittsburgh, PA)
Oct 22, 2017 2:00PM - Oct 22, 2017 5:30PM
Session Type:
Short Course- PM 1/2 Day
Description
Synopsis
Health economics is the art of applying economic principles to healthcare. These principles include (a) scarcity exists in healthcare; (b) scarcity forces choice; and (c) smart choices involve not paying more for something than it is worth (or more than is available in the budget). While these ideas seem trivial, they have profound consequences, especially in healthcare. Often, cost-effectiveness analysis is viewed in a less favorable light by patients and physicians. This may be an inevitable consequence of the tension between economic reasoning designed to maximize societys welfare and medical techniques designed to maximize an individuals health outcome. As new treatments get more expensive, healthcare decision makers will continue to use cost-effectiveness analysis to inform their decisions about how to spend scarce resources. Cost-effectiveness analysis offers a framework for an organized consideration of treatment options as we balance the imperatives of treating disease with not spending more than we should.
Our objective is that attendees will be able to explain more confidently what SMDM conference presenters have done, what they have found and what it means. We will practice identifying meaningful knowledge being conveyed in the four languages: Plain language, Math, Graph and Jargon. In addition, attendees will complete this class with the confidence to engage more thoroughly with the producers of economic evaluations meant to inform medical decision making. Lastly, we will review guidance documents featuring “best practices” for doing CEA.
Sunday, October 22, 2017
02:00 PM - 05:30 PM
Course Director
Jeffrey S. Hoch
Department of Public Health Sciences, University of California - Davis
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Session Fees
Fee Type
Member Fee
Non-Member Fee
This session is free
Early:
$190.00
$320.00
Regular:
$235.00
$365.00
Late:
$235.00
$365.00
This session is free
Early:
$165.00
$165.00
Regular:
$210.00
$210.00
Late:
$210.00
$210.00