Modeling payback from research into the efficacy of left-ventricular assist devices as destination therapy
Modeling payback from research into the efficacy of left-ventricular assist devices as destination therapy
OBJECTIVES: Ongoing developments in design have improved the outlook for left-ventricular assist device (LVAD) implantation as a therapy in end-stage heart failure. Nevertheless, early cost-effectiveness assessments, based on first-generation devices, have not been encouraging. Against this background, we set out (i) to examine the survival benefit that LVADs would need to generate before they could be deemed cost-effective; (ii) to provide insight into the likelihood that this benefit will be achieved; and (iii) from the perspective of a healthcare provider, to assess the value of discovering the actual size of this benefit by means of a Bayesian value of information analysis.
METHODS: Cost-effectiveness assessments are made from the perspective of the healthcare provider, using current UK norms for the value of a quality-adjusted life-year (QALY). The treatment model is grounded in published analyses of the Randomized Evaluation of Mechanical Assistance for the Treatment of Congestive Heart Failure (REMATCH) trial of first-generation LVADs, translated into a UK cost setting. The prospects for patient survival with second-generation devices is assessed using Bayesian prior distributions, elicited from a group of leading clinicians in the field.
RESULTS: Using established thresholds, cost-effectiveness probabilities under these priors are found to be low (approximately .2 percent) for devices costing as much as 60,000 pounds. Sensitivity of the conclusions to both device cost and QALY valuation is examined.
CONCLUSIONS: In the event that the price of the device in use would reduce to 40,000 pounds, the value of the survival information can readily justify investment in further trials.
Cost-Benefit Analysis, Humans, Models, Theoretical, Research, Self-Help Devices, Survival Analysis, Treatment Outcome, United Kingdom, Ventricular Dysfunction, Left
269-277
Girling, Alan J
c1563628-4d38-4e5d-82e6-0c4d33ce761d
Freeman, Guy
7a5405c4-5eff-4edb-ac8e-908c3a87a652
Gordon, Jason P
dbb53e26-2934-40d7-99fc-24c2089b46b9
Poole-Wilson, Philip
71dce720-7139-4c31-a732-30805bc1f049
Scott, David A
19b5fd34-9974-4ae4-8be0-27a693639e20
Lilford, Richard J
43f57c2a-0538-4e13-90aa-df24f5e1df1f
1 April 2007
Girling, Alan J
c1563628-4d38-4e5d-82e6-0c4d33ce761d
Freeman, Guy
7a5405c4-5eff-4edb-ac8e-908c3a87a652
Gordon, Jason P
dbb53e26-2934-40d7-99fc-24c2089b46b9
Poole-Wilson, Philip
71dce720-7139-4c31-a732-30805bc1f049
Scott, David A
19b5fd34-9974-4ae4-8be0-27a693639e20
Lilford, Richard J
43f57c2a-0538-4e13-90aa-df24f5e1df1f
Girling, Alan J, Freeman, Guy, Gordon, Jason P, Poole-Wilson, Philip, Scott, David A and Lilford, Richard J
(2007)
Modeling payback from research into the efficacy of left-ventricular assist devices as destination therapy.
International Journal of Technology Assessment in Health Care, 23 (2), .
(doi:10.1017/S0266462307070365).
Abstract
OBJECTIVES: Ongoing developments in design have improved the outlook for left-ventricular assist device (LVAD) implantation as a therapy in end-stage heart failure. Nevertheless, early cost-effectiveness assessments, based on first-generation devices, have not been encouraging. Against this background, we set out (i) to examine the survival benefit that LVADs would need to generate before they could be deemed cost-effective; (ii) to provide insight into the likelihood that this benefit will be achieved; and (iii) from the perspective of a healthcare provider, to assess the value of discovering the actual size of this benefit by means of a Bayesian value of information analysis.
METHODS: Cost-effectiveness assessments are made from the perspective of the healthcare provider, using current UK norms for the value of a quality-adjusted life-year (QALY). The treatment model is grounded in published analyses of the Randomized Evaluation of Mechanical Assistance for the Treatment of Congestive Heart Failure (REMATCH) trial of first-generation LVADs, translated into a UK cost setting. The prospects for patient survival with second-generation devices is assessed using Bayesian prior distributions, elicited from a group of leading clinicians in the field.
RESULTS: Using established thresholds, cost-effectiveness probabilities under these priors are found to be low (approximately .2 percent) for devices costing as much as 60,000 pounds. Sensitivity of the conclusions to both device cost and QALY valuation is examined.
CONCLUSIONS: In the event that the price of the device in use would reduce to 40,000 pounds, the value of the survival information can readily justify investment in further trials.
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Published date: 1 April 2007
Keywords:
Cost-Benefit Analysis, Humans, Models, Theoretical, Research, Self-Help Devices, Survival Analysis, Treatment Outcome, United Kingdom, Ventricular Dysfunction, Left
Identifiers
Local EPrints ID: 441382
URI: http://eprints.soton.ac.uk/id/eprint/441382
ISSN: 0266-4623
PURE UUID: 1d9aa495-8814-4c50-9677-19740e0c851c
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Date deposited: 11 Jun 2020 16:30
Last modified: 17 Mar 2024 04:02
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Author:
Alan J Girling
Author:
Guy Freeman
Author:
Jason P Gordon
Author:
Philip Poole-Wilson
Author:
David A Scott
Author:
Richard J Lilford
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