OCRIPLASMIN CAN REDUCE HEALTHCARE SPENDING BY PREVENTING VITRECTOMY IN PATIENTS WITH SYMPTOMATIC VITREOMACULAR ADHESION (SVMA)
Author(s)
Arnold RJ1, Graham J1, White K2
1Quorum Consulting, Inc., San Francisco, CA, USA, 2ThromboGenics, Inc., Iselin, NJ, USA
Presentation Documents
OBJECTIVES: sVMA is a serious, sight-threatening and progressive condition which, if untreated, leads to irreversible retinal damage, vision loss, and reduced visual function. Current standard of care for sVMA is vitrectomy, which has a high rate of complications and requires patients to maintain a “head-down” position for up to two weeks, resulting in additional surgical costs, discomfort and significant caregiver burden. Ocriplasmin (Jetrea®), a single intravitreal injection to resolve sVMA, was recently approved in the UK and US. A budget impact analysis was performed to test the hypothesis that ocriplasmin can provide cost savings to a hypothetical managed care plan by reducing total vitrectomies to resolve sVMA. METHODS: An Excel-based economic model was designed from the perspective of a managed care plan to quantify total direct costs of treating patients with sVMA across two scenarios: 1) the current treatment paradigm, consisting of clinical management or vitrectomy, and 2) future treatment paradigm, which also includes ocriplasmin or ocriplasmin followed by vitrectomy. The model assumes costs are all-inclusive over a 1-year period and accounts for diagnosis and monitoring, vitrectomy, intravitreal injection procedures, pharmacy, and treatment of complications. Costs were obtained from 2012 Medicare fee-for-service rates and Medicare claims using the 2005-2009 Outpatient and Part B 5% Standard Analytical Files. RESULTS: Based on an aggregate market penetration of 23% (replacing 44% of vitrectomy patients and 2.5% of clinical management patients), ocriplasmin reduces total vitrectomies by 35%, resulting in cost savings of $27,884 per year to a 1 million-member health plan. Major cost impact drivers include cost of vitrectomy and associated complications, cost of ocriplasmin and complications, and percent of ocriplasmin patients requiring vitrectomy. CONCLUSIONS: In addition to reducing surgical complications and improving patient quality of life, ocriplasmin has the potential to reduce direct medical costs to a managed care plan for treating sVMA.
Conference/Value in Health Info
2014-05, ISPOR 2014, Palais des Congres de Montreal
Value in Health, Vol. 17, No. 3 (May 2014)
Code
PSS9
Topic
Economic Evaluation
Topic Subcategory
Budget Impact Analysis
Disease
Sensory System Disorders