Increasingly, policy makers and payers are focusing on value, defined as the health outcome achieved per dollar spent, to increase the return on health care expenditures. KNG Health led a series of studies examining the societal and economic value of musculoskeletal (MSK) care for selected MSK conditions. Using regression and Markov modeling techniques, the KNG Health Team developed a Musculoskeletal Care Value Model® (MSK-VM®) that uses functional limitations associated with MSK conditions to estimate clinical and non-clinical outcomes (e.g., ability to work). The study findings, which focused on healthcare spending, productivity, and quality-adjusted life years, demonstrate that treatment for the selected conditions is cost effective and highlight the importance of considering the benefits to society, in terms of increased earnings, avoided nursing home costs, and other indirect-cost factors, when assessing the full benefit of medical treatment.
Links: Hip Fracture Publication, Lumbar Discectomy Publication, Rotator Cuff Publication, ACL Publication, Hip Replacement Publication, Knee Replacement Publication
Services : Health Economics & Outcomes Research Expertise: Comparative Effectiveness
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