Models
What does ICER stand for?
Incremental Cost-Effectiveness Ratio
This diagram is used to visualize the results of a sensitivity analysis
What is a Tornado Diagram?
incremental cost / QALY gained
What is the definition of an ICER in this article?
Model examining the probabilities of moving between "health states" in the pre-defined time period
What is a Markov Model?
Non monetary loss associated with disease or treatment
What is intangible costs?
The highest price a consumer will pay for one unit of a good or service
What is a Willingness to Pay Threshold?
Utility is the "value" metric used in QALY calculations (i.e. utility over time period = QALY). In this analysis, "disutility" of fracture events and adverse drug reactions contributed to different QALY metrics between interventions.