COST CONSEQUENCE ANALYSIS OF TWO DIFFERENT ACTIVE FLOWABLE HEMOSTATIC MATRICES IN CARDIAC SURGERY PATIENTS (US HOSPITAL PROVIDER PERSPECTIVE)
Author(s)
Makhija D1, Rock M1, Xiong Y2, Ikeme S1, Rubinstein M3, Arnold MR3
1Baxter Healthcare Corporation, Deerfield, IL, USA, 2Stratevi Consulting, Santa Monica, CA, USA, 3Baxter Healthcare Corporation, Westlake Village, CA, USA
OBJECTIVES: The model objective is to estimate and compare the cost consequences to hospitals, using two different active flowable hemostatic matrices (i.e. Floseal and Surgiflo) in cardiac surgery. METHODS: Using clinical outcomes from a published retrospective (US Premier Hospital Database) comparative effectiveness analysis of two hemostatic matrices in cardiac surgery patients[1], a cost-consequence framework was utilized to model the economic impact to hospitals of their use. The average annual number of cardiac surgeries and costing of major and minor complications, blood transfusions, and surgical revisions was analyzed using the 2012 Healthcare Cost and Utilization Project’s (HCUP’s) National Inpatient Sample (NIS) database (represents 95% of all U.S. community hospital discharges). Cost of hemostatic matrices and operating room (OR) was obtained from RED BOOK™ and published literature. All costs were adjusted to 2015 dollars using medical care consumer price index (CPI-medical care). One-way (OWSA) and probabilistic sensitivity analyses were performed by varying all variables within the 95% confidence interval (CI) of the point estimate or ±20% when CI was not available.
RESULTS: Results suggest that by using Floseal (rather than Surgiflo), a hospital performing 245 cardiac surgeries annually could avoid 11 major complications, 31 minor complications, 9 surgical revisions, 79 blood transfusions, and 260 hrs. of OR time. Avoiding these outcomes corresponds to net annualized cost savings of $1.43 million, with complication avoidance as the largest contributor to this cost saving. The risk of surgical revisions, minor and major complications had the largest impact on savings in the OWSA. Monte-Carlo simulations showed that annual savings were greater than $1.43 million, in 56% of iterations. CONCLUSIONS: This analysis supports that using Floseal instead of Surgiflo in cardiac surgery could potentially lead to sizable cost savings to hospitals.
[1] Tackett et al., 2014, Real-World Outcomes of Hemostatic Matrices in Cardiac Surgery, Journal of Cardiothoracic and Vascular Anesthesia doi:10.1053/j.jvca.2014.05.010
Conference/Value in Health Info
2016-05, ISPOR 2016, Washington DC, USA
Value in Health, Vol. 19, No. 3 (May 2016)
Code
PCV46
Topic
Economic Evaluation
Topic Subcategory
Cost-comparison, Effectiveness, Utility, Benefit Analysis
Disease
Cardiovascular Disorders