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Questions and Answers
Which perspective in economic evaluation considers costs from the viewpoint of society as a whole?
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?
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?
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?
Which statement accurately describes the payer perspective?
Which of the following roles can act as a payer in an economic evaluation perspective?
Which of the following roles can act as a payer in an economic evaluation perspective?
Why is the societal perspective often viewed as the best for economic evaluations?
Why is the societal perspective often viewed as the best for economic evaluations?
Which costs are typically excluded from the provider perspective?
Which costs are typically excluded from the provider perspective?
In which economic evaluation perspective are costs related to morbidity and mortality typically accounted for?
In which economic evaluation perspective are costs related to morbidity and mortality typically accounted for?
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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
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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.
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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.
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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.
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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.
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