Economic Evaluation Perspectives

Questions and Answers

Which perspective in economic evaluation considers costs from the viewpoint of society as a whole?

Payer perspective

Societal perspective (correct)

Provider perspective

Patient perspective

What is included in the costs from the provider perspective?

All charges that the provider publishes

Costs seen from a government standpoint

Only what patients pay out of pocket

Actual expenses of providing a service, regardless of pricing (correct)

How are costs viewed from the patient perspective?

Out-of-pocket expenses incurred by patients and other associated costs (correct)

Provider costs minus payer reimbursements

Total government expenditure on healthcare

What insurance companies reimburse for treatments

Which statement accurately describes the payer perspective?

It includes charges for healthcare products and services as reimbursed by the payer. Signup and view all the answers

Which of the following roles can act as a payer in an economic evaluation perspective?

Government, insurance companies, or employers reimbursing healthcare costs Signup and view all the answers

Why is the societal perspective often viewed as the best for economic evaluations?

It captures a comprehensive view of benefits to the entire society. Signup and view all the answers

Which costs are typically excluded from the provider perspective?

Patient out-of-pocket expenses for services Signup and view all the answers

In which economic evaluation perspective are costs related to morbidity and mortality typically accounted for?

Societal perspective Signup and view all the answers

Study Notes

Perspectives in Economic Evaluation

Perspectives shape economic analysis, influencing identified costs and consequences for healthcare programs or treatments.
An economic evaluation can be conducted from a single or multiple perspectives, impacting the evaluation outcomes.

Types of Perspectives

Societal Perspective:
- Considers benefits to society as a whole.
- Includes all direct and indirect costs in the evaluation.
- Viewed as the most comprehensive and recommended perspective for economic evaluations, particularly in the US.
Provider Perspective:
- Focuses on the actual expenses incurred by providers (e.g., hospitals, clinics).
- Reflects the true cost of providing healthcare services, independent of the charges billed to patients.
Patient Perspective:
- Captures costs borne by patients, including out-of-pocket expenses not covered by insurance.
- Takes into account additional costs related to illness, such as morbidity and mortality costs.
Payer Perspective:
- Involves the expenses incurred by payers, including reimbursements for healthcare services.
- Payers can include government bodies, insurance companies, or employers.

Importance of Perspectives

Different perspectives yield varying insights into the economic impact of healthcare interventions.
Choosing the appropriate perspective is crucial for accurate economic evaluation and resource allocation.

Description

Explore the various perspectives in economic evaluation, focusing on how these viewpoints influence the analysis of costs and consequences in healthcare. This quiz examines the societal perspective as well as other perspectives that can shape the findings of economic evaluations.