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Incremental costs and outcomes are used to calculate the cost-effectiveness ratio, which represents the average incremental cost per gained unit of effectiveness (i.e.: a year of life) with the evaluated intervention compared to the reference.
AIC = average incremental cost.
Table 5 presents the estimated marginal cost and average incremental cost of services.
The average incremental cost is <€15 000 for CRT-P versus OPT.
Furthermore, the estimates provided are almost certainly underestimates of the average incremental cost.
Second, we graph the average incremental cost of diabetes by duration (years with diabetes) for the average person with diabetes.
Similar(37)
The models show that marginal costs for outpatient visits are lower than average incremental costs.
Across all 5,000 iterations, the average incremental costs and QALY between the strategies was $7,897 and 0.0256.
Principal outcome measures were average incremental costs, effectiveness, and quality-adjusted life years; and net health benefits.
The implication of this was that the clinic's marginal revenues were set below the average incremental costs shown above, which are themselves likely underestimates.
The mean number of outpatient visits observed in the sample is close to the lowest marginal incremental cost, suggesting that average incremental costs could be lowered if health facilities served more children at the current level of quality.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com