Domain 4: capturing the cost and value for money of the technology

What do we need to see? 

  • A budget impact analysis.
  • An economic evaluation.

Open the accordions sections to see descriptions of the domain elements. 

A budget impact analysis

  • Is there agreement around the size of target population and estimates on the uptake of the technology?
  • What are all direct costs of the technology and its implementation?
    • What is the cost of the technology (purchasing, updating and maintenance)?
    • What are the costs of staffing and training?
    • What are the costs of the supportive IT infrastructure needed to implement the technology?
  • What are all the direct costs associated with the comparator (current practice)?
  • What are the relevant indirect costs associated with the technology and the comparator, reference test or current practice?
  • Is there an exploration of the uncertainty of the estimate obtained from the budget impact analysis by varying the assumptions used, to investigate how these variations impact the analysis?

An economic evaluation

A cost effectiveness analysis. For example:

  • a cost-utility analysis
  • a cost-consequence analysis, and
  • an exploration of the uncertainty of the obtained estimate by using sensitivity and scenario analyses.