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:7/24/2017)... ... July 24, 2017 , ... Cheerag D. Upadhyaya , M.D., M.Sc., FAANS ... Institute (SLMBNI), part of Saint Luke’s Health System . Dr. Upadhyaya has ... Upadhyaya, MD. M.Sc., FAANS joins Stanley P. Fisher, M.D., who has served ...
(Date:7/24/2017)... ... 24, 2017 , ... BayMark Health Services has been awarded ... (SAMHSA) State Targeted Response to the Opioid Crisis program. The funding, awarded ... development of a hub and spoke model for opioid treatment in California. The ...
(Date:7/24/2017)... ... 2017 , ... Peruvian Ayahuasca retreat, East West Lodge, announced ... and divided between two full-time university students enrolled in U.S. or Canadian accredited ... apply for the scholarship, students are asked to submit an essay between 750 ...
(Date:7/24/2017)... ... 2017 , ... Axiad IDS , a leading provider of trusted identities ... WALLIX to expand its solution to help government contractors more quickly and cost-effectively ... ways to address the authentication requirements within NIST SP800-171, but no matter how ...
(Date:7/24/2017)... ... July 24, 2017 , ... A CDC study shows that, although people are taking more ... 18 to 29), had at least one case of sunburn within the past year. It’s ... people to ignore the issue. However, only recently have people become conscientious of the risks ...
Breaking Medicine News(10 mins):
(Date:7/21/2017)... Md. and RESEARCH TRIANGLE PARK, ... Therapeutics Corporation (NASDAQ: UTHR ) announced today ... results before the market opens on Thursday, July 27, ... will host a teleconference on Thursday, July 27, 2017, ... by dialing 1-877-351-5881, with international callers dialing 1-970-315-0533.  A ...
(Date:7/17/2017)... Fla. , July 17, 2017  MedX Holdings, ... branded medical testing, strengthening and rehabilitation equipment, today announced ... Machine Program. MedX is considered the gold standard for ... leader in specialized medical strengthening equipment. ... a lease with the physician or practice who prescribe ...
(Date:7/13/2017)... July 13, 2017 RK Logistics Group, Inc. was ... certification for its Fremont, CA headquarters ... the Tri-Valley and San Jose for ... of Fremont , with its Fremont Innovation District, is ... such a powerful resource to the hundreds of biotech, pharma ...
Breaking Medicine Technology: