Question
Suppose you are an administrator in a hospital and you have been tasked with making a recommendation regarding the cost-effectiveness of two alternative treatment
Suppose you are an administrator in a hospital and you have been tasked with making a recommendation regarding the cost-effectiveness of two alternative treatment options over a period of 10 years. Your goal is to identify the costs of investing in each option and the outcomes associated with each treatment option and eventually make a recommendation based on your findings to your board on which option to choose from a cost-effectiveness standpoint. This is the only information you have: Mortality rate Initial cost QALYs Treatment A 10% 25 $100k Costs in year 1 $30k Costs between years 2 to 10 $20k/year Treatment B 12% 23 $80k $25k $15k/year You can use any software you like (ie Excel) if needed. Please attach the file as well (or screenshot) if you used some software.
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