A Generic Obscure Measure
By Dr. David E. Marcinko MBA
http://www.CertifiedMedicalPlanner.org
The quality-adjusted life year or quality-adjusted life-year (QALY) is a generic measure of disease burden, including both the quality and the quantity of life lived.
It is used in economic evaluation to assess the value for money of medical interventions. One QALY equates to one year in perfect health. If an individual’s health is below this maximum, QALYs are accrued at a rate of less than 1 per year.
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ASSESSMENT: To be dead is associated with 0 QALYs. QALYs can be used to inform personal decisions, to evaluate programs, and to set priorities for future programs
VIDEO: https://www.youtube.com/watch?v=OTmXnv2RAHw
Conclusion
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Filed under: Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: QALY, quality-adjusted life year | Leave a comment »