Uncovering Hidden Costs in nAMD Clinics
In the quest for cost-effectiveness, are we missing a crucial piece of the puzzle?
Our latest publication "Real-world service costs for neovascular-AMD clinics in the United Kingdom: Structured literature review and scenario analysis" published in Current Medical Research and Opinion, reveals the significant strain costs impacting nAMD clinics, often overlooked in traditional cost-effectiveness analyses.
In our scenario analysis, Drug A may appear cheaper with a lower upfront cost (£10), the associated strain costs (£13,115) paint a different picture compared to Drug B (£100 upfront with no additional strain costs).
What does this mean?
• Drug A: Lower initial cost but significant long-term strain costs.
• Drug B: Higher initial cost but no additional strain costs.
Impact on decision-making: When evaluating options, it's essential to consider not just the drug costs, but also the broader economic impact on the service as a whole. Incorporating strain costs into Health Technology Assessments (HTA) provides a more comprehensive view, ensuring sustainable and efficient healthcare delivery.
Read the full article to explore our findings and methodology in detail: https://lnkd.in/d2-gjXba
Get in touch with Medialis Ltd at info@medialis.co.uk to help shift your focus to more holistic evaluations that account for all costs, fostering better decision-making and improved patient care.
Join the conversation and share your insights on how we can better integrate these findings into our practices.
#nAMD #HealthcareEconomics #CostEffectiveness #HTA #HealthcareInnovation #nASInstrument #DiseaseSpecific
Actelion (now Janssen Pulmonary Hypertension), Actinium Pharmaceuticals, Inc., Alkermes, Bazell Pharma, Bio-Path Holdings, Camurus, Corbus Pharmaceuticals, Delta-Fly Pharma株式会社, Elevation Oncology, Gossamer Bio, Geron Corporation, Goldfinch Bio, I-Mab Biopharma, Imara Inc., IMMUNOVACCINE TECHNOLOGIES, Kiniksa Pharmaceuticals, Marker Therapeutics, Inc., MedImmune, MorphoSys, Otsuka Pharmaceutical Development & Commercialization, Inc., PTC Therapeutics, Inc., Scholar Rock, SCYNEXIS, Inc., Sobi - Swedish Orphan Biovitrum AB (publ), Taiho Oncology, Inc., Teclison
Principal Engineer Sever Pharma Solutions
2moSuch an amazing team working on this project. Proud to be part of it.