Formulary Choices and Options: Using Cost Effectiveness Analysis  

Developed by Health Decision Strategies, LLC

Demo Version - for Unofficial Use and Testing Only  
(Default treatment names and values are fiction)  
Values in yellow boxes (directly below) can be modified,
then hit "Calculate" button to generate numeric results and graphs.
      Label for Treatment        
    Option # XY Plot Name Cost Effect    
    Control 1    
    Treatment 2    
    Treatment 3    
    Treatment 4    
    Treatment 5    
    Treatment 6    
    Treatment 7    
    Hit "Calculate" button to see Results    
        Incremental       Label for  
Options: Cost (vs Control) (vs Control)  Cost       Bar  
Treatment Effectiveness Incermental Incremental Effectiveness Quadrant Quadrant Quadrant Graph  
Name Ratio (CER) Cost Effect Ratio (ICER) Note 1 Note 2 Location (Name + Note 2)  
Directly below are examples of two graphs generated after "Calculation" button is clicked .
Note: Negative ICER values can indicate either favorable (Accept) treatment options or unfavorable (Reject) options since  
the ICER value reflects a slope that can be in two different quadrants.    
This "Accept" or "Reject" result is automatically displayed in the bar chart option labels.    
See graphical explanation directly below.    
Portions adapted from reference:  Ho MJ, Joish VN, Biskupiak JE.    
The role of pharmacoeconomics in formulary management: triptan case study for migraine.    
P&T Journal. January. 30(1):36-46, 2005    

     Developed By Health Decision Strategies