Table 2.
Costs and ranges of values for each variable used in the decision model.
| Variable | Basecase | Range | Reference(s) | |
|---|---|---|---|---|
| Low | High | |||
|
| ||||
| Discount Rate | 3% | 0 | 6% | 28 |
|
| ||||
| Cost-to-charge Ratio | 0.3 | 0.2 | 0.4 | 19 |
|
| ||||
| POC Lactate Program | ||||
|
| ||||
| Equipment and Training Costs (fixed) | $34,909 | $20,000 | $50,000 | Industry and Facility Estimates |
|
| ||||
| Equipment Costs per patient (variable) | $5 | $4 | $6 | Industry Estimate |
|
| ||||
| Staffing costs per patient (variable) | $8 | $4 | $12 | Facility Estimate |
|
| ||||
| Hospital and Physician Costs | ||||
|
| ||||
| Floor Admission | $27,323 | $10,000 | $40,000 | 24,26 |
|
| ||||
| Floor Admission and Death | $72,417 | $50,000 | $90,000 | 24,26 |
|
| ||||
| ICU Admission | $47,030 | $30,000 | $60,000 | 24,26 |
|
| ||||
| ICU Admission and Death | $136,744 | $100,000 | $200,000 | 24,26 |
Note: Discount rate is the rate that future life expectancy can be brought back to the present.