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Questions and Answers
What are the two methods used to calculate utility scores in health technology assessment?
What are the two methods used to calculate utility scores in health technology assessment?
- Standard gamble and time trade-off (correct)
- Direct medical costs and indirect cost data
- Quality-adjusted life years and cost-utility analysis
- Direct nonmedical costs and cost-benefit analysis
In the standard gamble method, what does the utility score represent?
In the standard gamble method, what does the utility score represent?
- The probability of taking the curative procedure
- The number of life-years gained multiplied by quality of life
- The monetary value of all resources consumed to achieve an outcome
- The point of indifference between remaining alive in long-term care and taking the gamble (correct)
What does the time trade-off method measure?
What does the time trade-off method measure?
- The direct medical costs needed to treat a condition
- The number of life-years gained multiplied by quality of life
- How much time in good health would 'trade off' to equal a longer time with a lesser state of health (correct)
- The probability of taking the curative procedure
What is the formula for calculating Quality-adjusted life years (QALY)?
What is the formula for calculating Quality-adjusted life years (QALY)?
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What type of data is compared in a cost-benefit analysis?
What type of data is compared in a cost-benefit analysis?
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