COST EFFECTIVENESS ANALYSIS
The Next Step - Broad Data™
If your objective is to provide
the best decision-making for your organization and to take a global view of
your business, expanding your sights beyond ROI, and educating other
decision-makers, Cost Effectiveness Analysis can make your organization more
competitive and more profitable.
Today, a simple return on
investment, ROI, calculation will not provide needed nor valid insights.
However, the use of cost-effectiveness analysis (CEA) would provide quite
useful, valid and actionable information. CEA uses decision tree models to compare
not only cost outcomes but effectiveness outcomes of various treatments on
patient health and even on future healthcare usage based on various current
actions. It can further be used to
determine how effective a set amount of money spent on a particular treatment
or method will impact outcomes (i.e. willingness to pay calculation). CEA
models are flexible and can incorporate a wide variety of scenarios. As opposed
to Big Data, CEA makes use of Broad Data so that comparisons of treatment
modalities can be evaluated using real life outcomes. It can compare effects on
a discrete problem such as a cancer tumor, or on chronic ongoing diseases such
as COPD or CHF.
As the delivery of effective yet
profitable, or at least cost effective, healthcare becomes more challenging,
methods for evaluating treatments and programs become more necessary if not
essential. Methods must be implemented to evaluate these new treatments and
programs once they are in place so adjustments can be made. CEA enable
organizations to both initially evaluate and subsequently monitor new methods
and programs in a meaningful way. CEA can be used in revenue cycle decisions,
health information technology, capital equipment acquisition, new treatment
evaluation, disease management evaluation, utilization management, etc.
William Matzner, MD. is a
recognized expert in Healthcare and Neuro Economics. With a Ph.D. in Economics,
MBA and Medical Doctor degree, Dr. William Matzner will provide you with expert
analysis on health and wellness programming, populations health management,
disease management, new program development, facility development, equipment
acquisitions, and other healthcare programs, acquisitions and initiatives. For
more information about cost effectiveness analysis and improved financial
accountability for your organization, visit Dr. Matzner at
https://healthcareanalytics.biz
About William L.
Matzner, M.D., PhD, FACP
Dr.
William Matzner works in the area of healthcare economics consulting at
Healthcare Analytics, LLC, in California. He graduated Phi Beta Kappa from
Stanford University. He received his M.D. with Honors from Baylor College of
Medicine. In 1988, he was the Solomon Scholar for Resident Research at Cedar
Sinai Medical Center. Dr. Matzner subsequently was awarded a PhD in Neuro
Economics from Claremont Graduate University. He is board certified in Internal
Medicine and Palliative Medicine. He has researched and published extensively
on the issue of reproduction and immunology in medical literature. He has been
in private practice since 1989, specializing in Reproductive Immunology and
Internal medicine.
Website: https://drwilliammatzner.com
Consulting Website: http://healthcareanalytics.biz
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William Matzner, MD (Simi Valley, California), has been practicing medicine since 1989, Internal Medicine and Reproductive Immunology. M.D. with Honors from Baylor College of Medicine.
