Navigation Links
Individualizing Care Could Save Money, Experts Say
Date:7/12/2011

TUESDAY, July 12 (HealthDay News) -- Cost-effectiveness is becoming an increasingly important aspect of medical treatment, and two researchers have found that individualizing therapies to smaller groups of patients may be one way to help control costs.

In the new report, the team from Stanford University School of Medicine suggested that when comparing the price of a treatment with its intended outcome (also known as the incremental cost-effectiveness ratio), health economists should assess smaller subgroups of people for a more precise analysis that is better tailored to individuals.

"Physicians need to think about what a particular intervention will offer for each patient, and how much it will cost," co-author Dr. John Ioannidis, chief of the Stanford Prevention Research Center and Stanford's C.F. Rehnborg Professor in Disease Prevention, said in a university news release. "What is at stake, and how might this patient's needs and expectations vary from the norm?"

An example of one way to individualize the cost-benefit analysis of medical treatments would be to consider smaller categories of people who would respond differently to certain treatments, such as people who are less willing to take on the risk of negative side effects associated with certain medications, the study authors pointed out.

"Most physicians practice medicine intuitively without giving much thought to the evidence and the economic implications of their decisions," said Ioannidis. "The information flow and decision-making process is often chaotic and not entirely rational. This is scary."

The researchers admitted individualized cost-effectiveness analysis isn't possible for population-wide treatments or when the intervention could also affect the health of many other people, such as vaccination programs.

Ioannidis and co-author Dr. Alan Garber, health economist and director of the Center for Health Policy at Stanford, published their report online July 12 in PLoS Medicine.

More information

The U.S. National Institutes of Health provides more information on health care costs and financial assistance.

-- Mary Elizabeth Dallas

SOURCE: Stanford University School of Medicine, news release, July 12, 2011


'/>"/>
Copyright©2010 ScoutNews,LLC.
All rights reserved  

Related medicine news :

1. Brain tumor discovery could lead to new treatment
2. Higher daily dose of aspirin could play key role in preventing heart attacks for those with diabetes
3. Those aching joints could be in your genes
4. Could Finger Length Predict Penis Length?
5. Blocking molecular target could make more cancers treatable with PARP inhibitors
6. Van Andel Research Institute finding could lead to reduced side effects in anti-cancer antibiotics
7. International Vasospasm 2011 conference could be springboard for treatment guidelines
8. Mens Waistlines Could Be Key to Health
9. Ultrawideband could be future of medical monitoring
10. New stem cell research could aid in battle against bulging waistlines
11. More Olive Oil in Diet Could Cut Stroke Risk: Study
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Individualizing Care Could Save Money, Experts Say
(Date:6/26/2016)... ... June 27, 2016 , ... Quality metrics are proliferating in cancer care, and ... in the eye of the beholder, according to experts who offered insights and commentary ... of Managed Care. For the full issue, click here . , For the ...
(Date:6/26/2016)... ... June 26, 2016 , ... Many women are ... with endometriosis. These women need a treatment plan to not only alleviate symptoms ... can help for preservation of fertility and ultimately achieving a pregnancy. The specialists ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , the largest ... as the Medical Director of its new Mesquite-Samuell Farm facility. , “We are ... Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency ...
(Date:6/24/2016)... ... June 24, 2016 , ... A recent article published ... unfamiliar with. The article goes on to state that individuals are now more comfortable ... less common operations such as calf and cheek reduction. The Los Angeles area medical ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced that ... chosen by their peers for this recognition are considered among the top 2 percent ... special honors as members of this year’s Legal Elite Hall of Fame: Miami ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... 24, 2016  Arkis BioSciences, a leading innovator ... more durable cerebrospinal fluid treatments, today announced it ... funding is led by Innova Memphis, followed by ... private investors.  Arkis, new financing will accelerate the ... market release of its in-licensed Endexo® technology. ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... "Dialysis Devices Global Market - Forecast to 2022" report ... is the treatment method for the patients with kidney failure, ... and excess fluid from the patient,s blood and thus the ... sodium, potassium and chloride in balance. Increasing ...
(Date:6/23/2016)... 23, 2016 Research and Markets ... Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), Inorganic ... Coating, Parenteral) - Global Forecast to 2021" report ... The global pharmaceutical excipients market is projected to ... of 6.1% in the forecast period 2016 to 2021. ...
Breaking Medicine Technology: