Your task is to develop a model which could be used to inform an Essay

Your task is to develop a model which could be used to inform an economic evaluation - Essay Example It can be seen that the maximum amount of money is spend on the diagnostic procedure- echocardiogram. Around 142.16 $ is spend for this. Then the model included other primary evaluations in health care for the particular disease as ECG, TFT, INR, FBC, coagulation studies and medication. The total cost incurred for the primary visit is 418. 08. There have been reviews on the increased cost of ECG on adolescents and neonates. It is estimated that cost effectiveness was at peak between [,000 in 14 year olds and $ 204000 in screening done in 8 year children for the life saved per year. (Saul, Samuel & Gidding 2014). Both warfarin and aspirin are anti-coagulants, which are administered to prevent the clot formation in the blood vessels of heart, which may lead to cardiovascular diseases. Warfarin and aspirin were administered in patients at risk of developing heart problems. Risk category included obese patients, patients with diabetes mellitus. It may seen that, the cost spent for visit of general practitioner without the administration of any medication and with the prescription of aspirin was the same (552,992 $). The cost spent for speciality visit was same for all three categories. The use of diagnostic procedures like ECG and Echocardiogram spent the same amount. The amount of money spent on TFT is same for all the three categories. No amount of money was additionally spent on INR, FBC, and coagulation studies on the administration of aspirin and warfarin. When the total cost was estimated along with the administration of medication and frequency of use, less amount of money was spent when aspirin was used for prevention. After deploying this model for three years, the end result was found use of aspirin prevented the occurrence of cardiovascular diseases in comparison with administration of warfarin and without any intervention. This indicates that this model may be used in the prevention of