The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand
Tamlyn Anne Rautenberg,1,2 Ute Zerwes3 1IGES Institut, Berlin, Germany; 2Health Economics and HIV/AIDS Research Division (HEARD), School of Accounting, Economics and Finance, University of KwaZulu Natal, KwaZulu Natal, South Africa; 3Assessment in Medicine GmbH, Lörrach, Germany Objective:...
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doaj-9aaeaec0aeba4956a64be503a8dc9d732020-11-25T00:11:23ZengDove Medical PressClinicoEconomics and Outcomes Research1178-69812017-07-01Volume 941142233806The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in ThailandRautenberg TAZerwes UTamlyn Anne Rautenberg,1,2 Ute Zerwes3 1IGES Institut, Berlin, Germany; 2Health Economics and HIV/AIDS Research Division (HEARD), School of Accounting, Economics and Finance, University of KwaZulu Natal, KwaZulu Natal, South Africa; 3Assessment in Medicine GmbH, Lörrach, Germany Objective: To evaluate the cost utility and the budget impact of adjuvant racecadotril for the treatment of acute diarrhea in children in Thailand. Methods: A cost utility model has been adapted to the context of Thailand to evaluate racecadotril plus oral rehydration solution (R+ORS) versus oral rehydration solution (ORS) alone for acute diarrhea in children <5 years old. The decision tree Excel model evaluates the costs and effects (quality-adjusted life years) over a 6-day time horizon from a public health care payer’s perspective in Thailand. Deterministic sensitivity analysis and budget impact analysis have been undertaken. Results: According to the cost utility model, the intervention (R+ORS) is less costly and more effective than the comparator (ORS) for the base case with a dominant incremental cost-effectiveness ratio of −2,481,390฿ for the intervention. According to the budget impact analysis (assuming an increase of 5% market share for R+ORS over 5 years), the year-on-year reduction for diarrhea as a percentage of the total health care expenditure is −0.0027%, resulting in potential net cost savings of −35,632,482฿ over 5 years. Conclusion: Subject to the assumptions and limitations of the models, adjuvant racecadotril versus ORS alone is potentially cost-effective for children in Thailand and uptake could translate into savings for the Thailand public health care system. Keywords: economic evaluation, cost utility, decision analysis, health technology assessmenthttps://www.dovepress.com/the-cost-utility-and-budget-impact-of-adjuvant-racecadotril-for-acute--peer-reviewed-article-CEOReconomic evaluationcost utilitydecision analysishealth technology assessment. |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Rautenberg TA Zerwes U |
spellingShingle |
Rautenberg TA Zerwes U The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand ClinicoEconomics and Outcomes Research economic evaluation cost utility decision analysis health technology assessment. |
author_facet |
Rautenberg TA Zerwes U |
author_sort |
Rautenberg TA |
title |
The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand |
title_short |
The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand |
title_full |
The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand |
title_fullStr |
The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand |
title_full_unstemmed |
The cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in Thailand |
title_sort |
cost utility and budget impact of adjuvant racecadotril for acute diarrhea in children in thailand |
publisher |
Dove Medical Press |
series |
ClinicoEconomics and Outcomes Research |
issn |
1178-6981 |
publishDate |
2017-07-01 |
description |
Tamlyn Anne Rautenberg,1,2 Ute Zerwes3 1IGES Institut, Berlin, Germany; 2Health Economics and HIV/AIDS Research Division (HEARD), School of Accounting, Economics and Finance, University of KwaZulu Natal, KwaZulu Natal, South Africa; 3Assessment in Medicine GmbH, Lörrach, Germany Objective: To evaluate the cost utility and the budget impact of adjuvant racecadotril for the treatment of acute diarrhea in children in Thailand. Methods: A cost utility model has been adapted to the context of Thailand to evaluate racecadotril plus oral rehydration solution (R+ORS) versus oral rehydration solution (ORS) alone for acute diarrhea in children <5 years old. The decision tree Excel model evaluates the costs and effects (quality-adjusted life years) over a 6-day time horizon from a public health care payer’s perspective in Thailand. Deterministic sensitivity analysis and budget impact analysis have been undertaken. Results: According to the cost utility model, the intervention (R+ORS) is less costly and more effective than the comparator (ORS) for the base case with a dominant incremental cost-effectiveness ratio of −2,481,390฿ for the intervention. According to the budget impact analysis (assuming an increase of 5% market share for R+ORS over 5 years), the year-on-year reduction for diarrhea as a percentage of the total health care expenditure is −0.0027%, resulting in potential net cost savings of −35,632,482฿ over 5 years. Conclusion: Subject to the assumptions and limitations of the models, adjuvant racecadotril versus ORS alone is potentially cost-effective for children in Thailand and uptake could translate into savings for the Thailand public health care system. Keywords: economic evaluation, cost utility, decision analysis, health technology assessment |
topic |
economic evaluation cost utility decision analysis health technology assessment. |
url |
https://www.dovepress.com/the-cost-utility-and-budget-impact-of-adjuvant-racecadotril-for-acute--peer-reviewed-article-CEOR |
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