Abstract
In addition to providing comparable and verifiable evidence regarding outcomes, clinical trials could also serve as sources of accurate and replicable financial information. Trial reports that identify expenses associated with effective diagnostic and therapeutic interventions enable cost controls. Standardized cost calculations could help clinicians and administrators identify more efficient health care technologies. Unfortunately, relatively few published trials include economic analyses and when they do, data are incomplete. Based on analyses of 97 clinical trial reports, this article proposes a standard costing format. Health care financial managers have the costing expertise necessary to implement and interpret standardized cost calculations for clinical trials. With the active involvement of financial managers, a standard costing format for clinical trials can be achieved.
Original language | English (US) |
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Pages (from-to) | 11-20 |
Number of pages | 10 |
Journal | Journal of Health Care Finance |
Volume | 27 |
Issue number | 1 |
State | Published - 2000 |
Externally published | Yes |
Keywords
- Clinical trials
- Cost accounting
- Cost effectiveness
- Cost savings
- Cost-benefit analysis
- Economic analysis
- Financial analysis
- Standard costing
ASJC Scopus subject areas
- Health Policy