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Incremental Cost-effectiveness Ratio (ICER)

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Incremental Cost-effectiveness Ratio (ICER)

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Questions and Answers

What does the Incremental Cost-effectiveness Ratio (ICER) calculate?

The difference in outcomes divided by the difference in costs between alternatives (correct)

The average cost per unit of health gained across multiple interventions

The effectiveness of a single treatment option

The total costs of all treatment options

When should a new intervention be adopted according to its ICER?

If the intervention shows a significant improvement in outcomes

When the ICER is greater than the acceptable cost-effectiveness threshold

Only if the cost of the intervention is reduced

When the ICER is less than the acceptable cost-effectiveness threshold (correct)

What does the cost-effectiveness threshold represent?

The average cost-effectiveness ratio of all interventions available

The maximum cost allowed for any health intervention

The overall budget allocated for healthcare interventions

The amount a decision maker is willing to spend for each additional year of life gained (correct)

If the ICER of a new treatment is higher than the cost-effectiveness threshold, what decision is typically made?

<p>The treatment should not be adopted</p> Signup and view all the answers

Which of the following is NOT an example of a unit of health gained that could be used in measuring outcomes in ICER?

<p>Cost per hospitalization day</p> Signup and view all the answers

Study Notes

Incremental Cost-effectiveness Ratio (ICER)

ICER measures the difference in costs of different options, divided by the difference in health outcomes (e.g., QALYs, LYGs).

Decision Making with ICER

If the ICER of a new intervention is less than the acceptable threshold, it should be adopted.

Cost-Effectiveness Threshold

The cost-effectiveness threshold represents the maximum amount a decision-maker is willing to pay for a single unit of health improvement (e.g., a Quality-Adjusted Life Year (QALY) or a Life-Year Gained (LYG)).

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Description

This quiz explores the concept of Incremental Cost-effectiveness Ratio (ICER) and its role in decision-making for healthcare interventions. Understand how ICER is calculated, the importance of cost-effectiveness thresholds, and how decisions are made based on these metrics. Test your knowledge on evaluating health outcomes and costs.