Values Beyond "Health" in Budget Constrained Healthcare Systems

Most current methods to value healthcare treatments only incorporate measures such as Quality Adjusted Life Years (QALYs), combining gains in Health-Related Quality of Life and Life Expectancy in specific ways. Failure of these methods to recognize other dimensions of value has led to calls for methods to include additional values that are associated with the healthcare treatments, but not captured directly by QALYs. This paper seeks to provide methodologically-sound ways to incorporate additional health-related outcomes, focusing on budget-constrained healthcare systems, where using standard welfare economics (WE) methods are often eschewed.
Source: Value in Health - Category: International Medicine & Public Health Authors: Source Type: research