A RESOURCE IMPACT ANALYSIS OF IRON ISOMALTOSIDE IN THE TREATMENT OF IRON DEFICIENCY ANEMIA IN IRELAND
Author(s)
Loughnane F1, Pollock R2, Muduma G3, Cook L4
1Cork University Hospital, Cork, Ireland, 2Covalence Research Ltd, London, UK, 3Pharmacosmos A/S, United Kingdom, UK, 4Pharmacosmos UK Ltd, Reading, UK
Presentation Documents
OBJECTIVES Intravenous (IV) iron is the preferred treatment for patients with iron deficiency anemia (IDA) who cannot tolerate or absorb oral iron, or who require fast resolution of anemia pre-operatively. Several IV iron formulations are available with different dosing characteristics affecting infusion speed and maximum dose. The aim was to develop a tool to calculate the cost of establishing an IV iron service and model resource impact of different IV irons to inform clinicians and service providers implementing innovative pre-operative IV iron services in Ireland. METHODS A resource impact tool was developed to model resource utilization and IDA treatment costs. Two fast-administration, high-dose formulations of IV iron are available in Ireland: iron isomaltoside (IIM) and ferric carboxymaltose (FCM). The tool modeled clinic throughput based on their different dosing characteristics in a specific IDA population, capturing fixed overheads, variable costs, clinic income from private and publically-funded patients, and savings associated with IV iron. RESULTS Based on a 70:30 split between public and private patients in a new pre-operative service with capacity for 600 infusions annually, IIM would facilitate correction of iron deficits in 446 patients, resulting in a net annual clinic balance of €−6,872 on income of €153,977 and costs of €160,849. FCM would facilitate treatment of 339 patients, resulting in a net annual clinic balance of €−10,023 on income of €115,056 and costs of €125,079. List price discounts of 3.49% and 7.28% would be required to breakeven with IIM and FCM, respectively; the differential increasingly favors IIM as further discounts are applied. CONCLUSIONS Based on this provider-perspective analysis, IIM would result in capacity and revenue optimization that could drive a service provision business case, allowing clinicians in Ireland to evaluate their current service provision and expenditure and model the impact of introducing IV iron clinics for pre-operative patients with IDA.
Conference/Value in Health Info
2019-05, ISPOR 2019, New Orleans, LA, USA
Value in Health, Volume 22, Issue S1 (2019 May)
Code
PSY6
Topic
Economic Evaluation
Topic Subcategory
Budget Impact Analysis
Disease
Drugs, Systemic Disorders/Conditions