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Exploring a new method for deriving the monetary value of a QALY

Overview of attention for article published in HEPAC Health Economics in Prevention and Care, August 2015
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About this Attention Score

  • In the top 25% of all research outputs scored by Altmetric
  • High Attention Score compared to outputs of the same age (87th percentile)
  • High Attention Score compared to outputs of the same age and source (90th percentile)

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20 X users
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1 Facebook page

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40 Mendeley
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Title
Exploring a new method for deriving the monetary value of a QALY
Published in
HEPAC Health Economics in Prevention and Care, August 2015
DOI 10.1007/s10198-015-0722-9
Pubmed ID
Authors

Carl Tilling, Marieke Krol, Arthur E. Attema, Aki Tsuchiya, John Brazier, Job van Exel, Werner Brouwer

Abstract

Several studies have sought to determine the monetary value of health gains expressed as quality adjusted life years (QALYs) gained, predominantly using willingness to pay approaches. However, willingness to pay has a number of recognized problems, most notably its insensitivity to scope. This paper presents an alternative approach to estimate the monetary value of a QALY, which is based on the time trade-off method. Moreover, it presents the results of an online study conducted in the Netherlands exploring the feasibility of this novel approach. The results seem promising, but also highlight a number of methodological problems with this approach, most notably nontrading and the elicitation of negative values. Additional research is necessary to try to overcome these problems and to determine the potential of this new approach.

X Demographics

X Demographics

The data shown below were collected from the profiles of 20 X users who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 40 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 40 100%

Demographic breakdown

Readers by professional status Count As %
Researcher 9 23%
Student > Master 7 18%
Student > Ph. D. Student 5 13%
Lecturer 3 8%
Student > Bachelor 2 5%
Other 4 10%
Unknown 10 25%
Readers by discipline Count As %
Medicine and Dentistry 10 25%
Economics, Econometrics and Finance 8 20%
Pharmacology, Toxicology and Pharmaceutical Science 3 8%
Nursing and Health Professions 3 8%
Biochemistry, Genetics and Molecular Biology 1 3%
Other 4 10%
Unknown 11 28%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 13. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 14 September 2016.
All research outputs
#2,750,804
of 25,374,917 outputs
Outputs from HEPAC Health Economics in Prevention and Care
#145
of 1,303 outputs
Outputs of similar age
#34,877
of 277,482 outputs
Outputs of similar age from HEPAC Health Economics in Prevention and Care
#2
of 22 outputs
Altmetric has tracked 25,374,917 research outputs across all sources so far. Compared to these this one has done well and is in the 89th percentile: it's in the top 25% of all research outputs ever tracked by Altmetric.
So far Altmetric has tracked 1,303 research outputs from this source. They typically receive a little more attention than average, with a mean Attention Score of 6.7. This one has done well, scoring higher than 88% of its peers.
Older research outputs will score higher simply because they've had more time to accumulate mentions. To account for age we can compare this Altmetric Attention Score to the 277,482 tracked outputs that were published within six weeks on either side of this one in any source. This one has done well, scoring higher than 87% of its contemporaries.
We're also able to compare this research output to 22 others from the same source and published within six weeks on either side of this one. This one has done particularly well, scoring higher than 90% of its contemporaries.