{"id":5250,"date":"2019-01-29T12:30:51","date_gmt":"2019-01-29T14:30:51","guid":{"rendered":"https:\/\/mapesolutions.com\/?p=5250"},"modified":"2021-10-26T12:13:00","modified_gmt":"2021-10-26T15:13:00","slug":"economic-valuations-the-main-techniques-used-in-the-incorporation-of-technologies","status":"publish","type":"post","link":"https:\/\/mapesolutions.com\/en\/economic-valuations-the-main-techniques-used-in-the-incorporation-of-technologies\/","title":{"rendered":"Economic valuations: the main techniques used in the incorporation of technologies"},"content":{"rendered":"

[:pb] Health economics assessments began to be used in the 1960s, with the aim of evaluating and comparing existing information on different technologies in order to make decisions about the best way to allocate resources. Since then, there has been a progressive development of methodologies in the area, making this type of analysis increasingly relevant in technology incorporation <\/a><\/span> processes in the sector – both in the public and private healthcare system.<\/p>\n

Depending on the objective, these studies may follow different techniques and are based on the analysis of the costs necessary to support a given technology and on the expected healthcare outcomes.<\/p>\n

Economic evaluations can also evaluate a single technology or make it possible to compare two or more available alternatives. In this article, we will especially address two of the main instruments used: cost-effectiveness and cost-utility analysis.<\/p>\n

The main economic valuation techniques<\/h2>\n

Today there are basically three techniques used to carry out economic evaluations: cost-effectiveness, cost-effectiveness and cost-utility. Although they use microeconomic tools to investigate and calculate costs and other indicators, all three seek to serve a macroeconomic purpose, helping to make decisions about the best way to allocate resources in the healthcare sector. Let\u2019s get to know each of them below.<\/p>\n

Cost-benefit<\/h3>\n

The cost-benefit methodology is used to evaluate social projects, whether in the healthcare area or not. This instrument allows a single project or more than one to be analyzed for comparison purposes. The objective of this type of study is to evaluate the costs of the healthcare technology to be incorporated, in relation to the benefit it can provide.<\/p>\n

Cost-effectiveness<\/h3>\n

The cost-effectiveness analysis technique assesses the costs involved in incorporating the technology and its performance towards meeting pre-established goals and targets. In short, it intends to define the best strategy to achieve the desired end. The cost-effectiveness analysis is always comparative, evaluating different solutions for the same objective, in order to choose the most appropriate.<\/p>\n

In summary, the cost-effectiveness analysis process is based on the following steps:<\/p>\n