TY - JOUR
T1 - Review of economic methods used in complementary medicine
AU - Doran, Christopher M.
AU - Chang, Dennis H T
AU - Kiat, Hosen
AU - Bensoussan, Alan
N1 - This is a copy of an article published in the Journal of alternative and complementary medicine © 2010 Mary Ann Liebert, Inc. Journal of alternative and complementary medicine is available online at: http://www.liebertonline.com.
PY - 2010/5/1
Y1 - 2010/5/1
N2 - Objective: The purpose of this research is to review the economic methods used in complementary medicine (CM). Method: A comprehensive literature review was undertaken (1995-2007) to identify peer-reviewed articles related to economic methods used in CM. Results: The literature found 15 full economic evaluations of CM: 3 in the manipulative and body-based practices, 5 in the whole medical systems, and 7 in the biologically based practices. No evaluations were identified for the areas of mind-body medicine, alternative medical systems, or energy medicine. The review failed to locate any articles that used alternate economic methods such as contingent valuation or discrete choice modelling. The overall consensus from the 15 economic evaluations, despite variations in project design and methodological rigor, was that CM, as evaluated in these studies, was cost-effective compared to usual care. Conclusions: As health care costs continue to rise, decision makers, both consumers and policymakers, must allocate scarce resources toward those treatments that offer the best value for the money. Considerable scope exists to advance the science behind CM through a more systematic integration of economic methods into CM research.
AB - Objective: The purpose of this research is to review the economic methods used in complementary medicine (CM). Method: A comprehensive literature review was undertaken (1995-2007) to identify peer-reviewed articles related to economic methods used in CM. Results: The literature found 15 full economic evaluations of CM: 3 in the manipulative and body-based practices, 5 in the whole medical systems, and 7 in the biologically based practices. No evaluations were identified for the areas of mind-body medicine, alternative medical systems, or energy medicine. The review failed to locate any articles that used alternate economic methods such as contingent valuation or discrete choice modelling. The overall consensus from the 15 economic evaluations, despite variations in project design and methodological rigor, was that CM, as evaluated in these studies, was cost-effective compared to usual care. Conclusions: As health care costs continue to rise, decision makers, both consumers and policymakers, must allocate scarce resources toward those treatments that offer the best value for the money. Considerable scope exists to advance the science behind CM through a more systematic integration of economic methods into CM research.
UR - http://www.scopus.com/inward/record.url?scp=77952576611&partnerID=8YFLogxK
U2 - 10.1089/acm.2008.0404
DO - 10.1089/acm.2008.0404
M3 - Review article
C2 - 20804369
AN - SCOPUS:77952576611
SN - 1075-5535
VL - 16
SP - 591
EP - 595
JO - Journal of Alternative and Complementary Medicine
JF - Journal of Alternative and Complementary Medicine
IS - 5
ER -