The average cost per patient of the standard option, Option I (self-care), was $130 every 6 months
Question:
The average cost per patient of the standard option, Option I (self-care), was $130 every 6 months to visit the primary care provider (PCP). After 6 months, 55% of patients reported they felt they were successfully coping with the new chronic illness. The average mini-COPE score of patients in this group was 50.7.
The average cost per patient of Option II (individual counseling) is $75 twice per month for a counseling session. After 6 months, 65% of patients reported they felt they were successfully coping with the new chronic illness. The average mini-COPE score of patients in this group was 55.7.
The average cost per patient of Option III (group therapy) is $20 every month for the group session. After 6 months, 75% of patients reported they felt they were successfully coping with the new chronic illness. The average mini-COPE score of patients in this group was 49.0.
Please calculate cost effectiveness over a 12-month time window, assuming the outcomes at one year are the same as the outcomes measured at 6 months in the clinical study.
Cost effectiveness using program success rate for the effectiveness measure
Calculate an Incremental Cost-Effectiveness Ratio (ICER) comparing:
- Option II (individual counseling) with Option I (self-care).
- Option III (support group) with Option I (self-care).
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna