An equally important aspect of stents is the economics behind it. The economic value of stents would be associated with the cost of producing stents, overall price for potential patients (this include both uninsured and insured patients), the cost effectiveness of stents to receiving patients (this compares the cost of having stents and the outcomes/effect of the short/long term effectiveness of stents. To discuss the cost effectiveness of stents, it is important to mention QALY (quality adjusted life years). In simple terms, QALYs is the measure of quality and expectancy of life after health procedures and its outcomes. Normally, this is expressed as 1 or 0. With 1 being an entire year in perfect health with or without medical intervention and 0 meaning dead.
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For patients with insurance, the cost of having coronary stents is typically 10%-20% co-payment of the total bill. Likely most patient needed coronary stents would have to stay in the hospital afterward for a certain amount of time. In addition, the hospital bill for having coronary stents must take into account room and board, medical supplies, medication, nursing care, equipment use, meals, and any other service provided by the hospital. The average selling of coronary stents is around $500 to $1,100. A particular study was done to estimate the cost effectiveness of coronary stents. This study was conducted in which a group of patients who has already undergone this stenting procedure is followed/observed until death. The data collected focus on the occurrence of events needing medical intervention (re-vascularization, allergic reaction, infection, etc.). The essential conclusion reached from this study was
For patients with insurance, the cost of having coronary stents is typically 10%-20% co-payment of the total bill. Likely most patient needed coronary stents would have to stay in the hospital afterward for a certain amount of time. In addition, the hospital bill for having coronary stents must take into account room and board, medical supplies, medication, nursing care, equipment use, meals, and any other service provided by the hospital. The average selling of coronary stents is around $500 to $1,100. A particular study was done to estimate the cost effectiveness of coronary stents. This study was conducted in which a group of patients who has already undergone this stenting procedure is followed/observed until death. The data collected focus on the occurrence of events needing medical intervention (re-vascularization, allergic reaction, infection, etc.). The essential conclusion reached from this study was