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Economic Evaluation of CAM Use

Economic Evaluation of CAM Use
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Author(s): Li-Chia Chen (The University of Manchester, UK)and Mayuree Tangkiatkumjai (Srinakharinwirot University, Thailand)
Copyright: 2018
Pages: 40
Source title: Complementary and Alternative Medicine and Kidney Health
Source Author(s)/Editor(s): Mayuree Tangkiatkumjai (Srinakharinwirot University, Thailand), Annalisa Casarin (The NIHR Research Design Service East of England, UK), Li-Chia Chen (University of Manchester, UK)and Dawn-Marie Walker (University of Southampton, UK)
DOI: 10.4018/978-1-5225-2882-1.ch009

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Abstract

Economic evaluation (EE) of health care interventions has been used to inform and affect policy decision-making by considering both costs and outcomes of the interventions. National guidelines in many countries consider cost-effectiveness evidence for making recommendations of healthcare interventions. In such case, EE of complementary and alternative medicine (CAM) is crucial to guide reimbursement decision-making. However, there is currently a lack of cost-effectiveness evidence of using CAM for kidney diseases. There are three types of full EEs, including a cost-benefit, cost-effectiveness, and cost-utility analysis, of which, results of cost-utility analysis is preferred and widely used by healthcare authorities in several developed countries. General approaches for EE of conventional medicine are likely to be applied to assess economic outcomes of CAM for kidney diseases. This chapter depicts the overall principles of EEs, interpretations of economic results and summaries the currently available EE for CAM.

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