CANTON, Mass. and NEW ORLEANS, May 22, 2013 /PRNewswire/ -- Organogenesis Inc., a commercial leader in the field of regenerative medicine, presented new data generated in collaboration with a team of expert economists from Analysis Group (a leading health economics consultancy) demonstrating the significant healthcare resource and economic burden that diabetic foot ulcers (DFU) and venous leg ulcers (VLU) place upon the US healthcare system.
The results of this research, which reveal annual costs of up to $15 billion and $18 billion for DFU and VLU respectively, were presented at the prestigious International Society for Pharmacoeconomics and Outcomes Research (ISPOR) 18th Annual Meeting held May 18-22, 2013 in New Orleans, LA. These large, real-world analyses of privately-insured and Medicare beneficiaries evaluated data from control matched pairs of 81,516 VLU and 32,414 DFU patients, and are the first to rigorously assess patient characteristics, medical resource usage and costs for both DFU and VLU populations.
The findings underscore the urgent need for improved identification, prevention and aggressive treatment of these debilitating chronic wounds.
"Despite the high prevalence in the US, little is known about the burden of conditions like DFU and VLU," said Brad Rice , PhD, an economist with Analysis Group. "When conducting research that employs these robust matching methods, we don't typically see incremental costs as high as those we have uncovered here."
In a podium presentation, "Medical, Drug and Work-loss Costs of Diabetic Foot Ulcers," Dr. Rice unveiled the results from an analysis of per-patient costs of DFUs, which are estimated to affect 900,000 patients in the US annually., Compared to matched non-DFU diabetic patients, DFU patients had higher rates of comorbidities and utilized
|SOURCE Organogenesis Inc.|
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