Select the correct statement(s). - Cost-utility analysis (CUA): outcomes take into account patient
preferences (or utilities).
Cost-minimization analysis (CMA): outcomes are assumed to be equivalent ;
True or False. Sarah is an HEOR director at a mid-size biotech company and is trying to determine what
the most common discount rates are in the literature. She conducted a literature review and uncovered
that the most common discounted rates currently seen in the literature are 3% to 5%. - True
Discounting is a term that describes: - The discount of present costs based on future values
When is a cost minimization analysis (CMA) used? - When all outcomes are expected to be equal
When is a cost-utility analysis (CUA) used? - When patient preferences for alternative treatments are
being considered
Which of the following is a self-assessment that measures multiple aspects of a patient's perceived well-
being? - Health Status Assessment
When is a cost effectiveness analysis (CEA) used? - When outcomes of each treatment are measured in
nonmonetary units
When are the probabilities of outcomes determined? - After identifying necessary resources to conduct
analysis
Which of the following best describes the sequence of conducting a pharmacoeconomic analysis? -
Define the problem → determine study's perspective → select pharmacoeconomic model → identify
necessary resources
Select the correct statement(s). - Direct medical costs are the medically-related inputs used directly in
providing the treatment.
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