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A new surgical procedure reduces recovery time necessary after an operation. The new procedure costs $ 2 5 , 0 0 0 , and after
A new surgical procedure reduces recovery time necessary after an operation. The new procedure costs $ and after undergoing the surgery there's a chance that a patient will live year and a chance they will live years. The QALY weight after receiving the surgery is The old procedure costs $ and an average patient has a chance of surviving years and a chance of surviving years. The QALY weight after receiving the old surgery is Assume the value of one qualityadjusted lifeyear is $ and ignore discounting and consumption costs. Based on a costbenefit analysis, would you recommend that medical providers switch to the new technology? Please show all calculations.
A new surgical procedure reduces recovery time necessary after an operation. The new procedure costs $ and after undergoing the surgery there's a chance that a patient will live year and a chance they will live years. The QALY weight after receiving the surgery is
The old procedure costs $ and an average patient has a chance of surviving years and a chance of surviving years. The QALY weight after receiving the old surgery is
Assume the value of one qualityadjusted lifeyear is $ and ignore discounting and consumption costs.
Based on a costbenefit analysis, would you recommend that medical providers switch to the new technology? Please show all calculations.
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