Updating Cost Effectiveness Analyses in Orthopedic Surgery: Resilience of the $50,000 per QALY Threshold. Academic Article uri icon

Overview

abstract

  • UNLABELLED: Attention is being paid in the United States (U.S.) to defining and measuring the value of interventions in healthcare. Traditionally, $50,000 per QALY gained has been the accepted "cost-effectiveness threshold" with which cost effectiveness is defined. The validity of this threshold has been called into question largely due to inexact origins; absence of inflationary adjustments and lack of consideration for high gross domestic product of the U.S. POPULATION: There is an opportunity to reassess how we interpret cost utility analyses and the ratios published therein. Orthopedic surgery has typically lagged behind other fields of medicine in self-advocacy and the adoption/implementation of health economic theory. We argue for tiered QALY thresholds of $50,000, $100,000 and $150,000 corresponding respectively to Governmental, Societal and Health systems analysis perspectives.

publication date

  • February 19, 2015

Research

keywords

  • Cost-Benefit Analysis
  • Orthopedic Procedures
  • Orthopedics
  • Quality-Adjusted Life Years

Identity

Scopus Document Identifier

  • 84931572532

Digital Object Identifier (DOI)

  • 10.1016/j.arth.2015.02.017

PubMed ID

  • 25737385

Additional Document Info

volume

  • 30

issue

  • 7