Economic Evaluation: What, Why, and How?

*Lunch and Learn - Economic Evaluation: What, Why and How?

Health care systems throughout the world are faced with providing ‘value for money’ at a time of rising health care costs, increasing demand for health care, and a finite set of available resources. This session is designed to provide attendees with an introduction to economic evaluation – a systematic approach to decision making characterized by inputs (costs), outputs (consequences) and scarcity. Whether you’re thinking of conducting an economic evaluation, or you’re interested in learning more about the topic, this session is for you.

Objectives:

• Understand the principles of Health Economics: Resource Scarcity and Opportunity Cost
• Understand different approaches to Economic Evaluation
  o Cost Benefit Analysis
  o Cost Effectiveness Analysis
  o Cost Utility Analysis
• Deconstruct QALYs and Costing
• Interpret graphical representations of economic evaluation results