Program
In-person AND virtual! – We are pioneering a new conference format that will connect in-person and virtual audiences to create a unique experience. Matching the innovation that comes through our members’ work, ISPOR is pushing the boundaries
of innovation to design an event that works in today’s quickly changing environment.
In-person registration included the full virtual experience, and virtual-only attendees will be able to tune into live in-person sessions and/or
watch captured in-person sessions on-demand in addition to having a variety of virtual-only sessions to attend.
Cost-Effectiveness of Meniscus Repair Compared with Partial Meniscectomy for Horizontal Cleavage Meniscus Tears
Speaker(s)
Askew N1, Nherera L2, Searle R3
1Smith + Nephew, Mount Juliet, USA, 2Smith + Nephew, Fort Worth, TX, USA, 3Smith + Nephew, Hull, UK
Methods: We developed a Markov model from a US payer perspective to project treatment costs and Quality-Adjusted Life Years (QALYs) in a cohort of 35-year-old patients presenting with a HCT without osteoarthritis at baseline. The model consisted of 7 health states including osteoarthritis (OA), procedure failure states (with and without OA), post-TKR, and post-revision-TKR. Transition probabilities, costs, and utilities were obtained from the literature. Model results are presented as Incremental Cost-Effectiveness Ratios (ICERs) and interpreted using a Willingness to Pay (WTP) threshold of $100,000/QALY. We conducted both One-Way Sensitivity Analysis (OWSA), varying the time horizon and average age of the cohort, and Probabilistic Sensitivity Analysis (PSA) to assess the effects of parameter uncertainty on model results.
Results: MR was found to dominate PM over a lifetime horizon since it increased QALYs by 0.33 per patient and a decreased cost by $9,642 per patient. Sensitivity analysis showed that MR was not cost-effective in Year 1, cost-effective from Year 2, and cost-saving from Year 5 onwards. The PSA found MR to be cost-effective in approximately 91% of 10,000 iterations. These findings were largely driven by the impact of MR in reducing the progression of OA, offsetting the higher failure rate.
Conclusions: This analysis suggests that, where appropriate, MR should be considered a cost-effective alternative to PM and may provide an opportunity for cost-savings in the short-term.
Code
EE473
Topic
Economic Evaluation, Medical Technologies, Organizational Practices
Topic Subcategory
Cost-comparison, Effectiveness, Utility, Benefit Analysis, Industry, Medical Devices
Disease
Injury and Trauma