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Medical Technology And Evaluation Week 4 Quiz Answer

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Medical Technology And Evaluation Week 4 Quiz Answer

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Methodological Approaches and Considerations

Question 1) If an assessment is being conducted to support the case for payment/reimbursement who is the audience?

  • Physicians
  • Insurers or Payers
  • Venture capitalists
  • The Food and Drug Administration (FDA)

Question 2) What is the denominator of the incremental cost effectiveness ratio (ICER)?

  • Indirect costs.
  • Future costs.
  • Difference in benefits.
  • Benefits of the new technology.

Question 3) True or False: Only cost effective technologies ICERs can be graphed on the cost effectiveness plane.

  • True
  • False

Question 4) What is Bayes’ rule used for?

  • Measuring quality of life (QoL).
  • Randomization in a clinical trial.
  • Graph an ICER.
  • Incorporating new information to determine a probability of interest.

Question 5) Future values of which of the following can be discounted to present value?

  • Indirect costs.
  • Direct medical costs.
  • Quality adjusted life years (QALYs).
  • All of the above.

Question 6) The expected value of a health outcome is calculated by multiplying the outcome measure by what?

  • Direct costs.
  • The discount rate.
  • Quality of Life (QoL).
  • The probability of the outcome.

Question 7) The results of a Monte Carlo simulation can be used to determine the what information about the results of an evaluation?

  • The mean result.
  • The variance of the result.
  • Mean and variance of the results.
  • None of the above.

Question 8) True or False: A Markov model allows for modeling the progression of disease over time.

  • True
  • False

Question 9) Which of the following is not a source of uncertainty?

  • Future costs.
  • Randomness in medical cost.
  • Randomness in health outcomes.
  • Statistical variation in results.

Question 10) In a sensitivity analysis how many variables can be tested?

  • One or more
  • Only two
  • Only one
  • None