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BS IEC SRD 63234-1:2020

BS IEC SRD 63234-1:2020

$167.15

Economic evaluation of active assisted living services – Framework

Published By Publication Date Number of Pages
BSI 2020 34
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IEC SRD 63234-1:2020 provides a descriptive framework and template for the economic evaluation of the implementation of technology-supported home healthcare or wellness services, or AAL services that support communications, transportation, etc. as defined in a series of AAL use cases. The financial analysis is completed from the point of view of the healthcare services funder, aged care services funder, or similar governmental or non-governmental organization (e.g. the government in a state-sponsored system or possibly a health management/health insurance company in a privately funded system, a private or governmental organization financing delivery of home support or specialized transportation services). This document is structured to provide a means of capturing data for a Reference Scenario (typically the current means of providing care, often known as ‘usual care’, to the target patient population) to compare against an Alternate Scenario (the service or technology intervention) for an economic comparison. Standard economic measures can be estimated (using an electronic spreadsheet or other analysis tool) such as Return on Investment (ROI), Net Present Value (NPV), and Payback Period of the investment. This document is applicable to all potential AAL services and AAL systems that may be developed or the development and manufacture of any of the underlying components (whether hardware or software).

PDF Catalog

PDF Pages PDF Title
2 undefined
4 CONTENTS
6 FOREWORD
8 INTRODUCTION
9 1 Scope
2 Normative references
3 Terms, definitions and abbreviated terms
3.1 Terms and definitions
10 3.2 Abbreviated terms
4 General
4.1 Document objective
11 4.2 Economic evaluation process overview
4.2.1 Alternate versus Reference Scenario
4.2.2 Time period for analysis
4.2.3 The cost of money
4.2.4 The economic or financial indicators
12 4.2.5 Multiple Alternate Scenarios
4.2.6 Risks and critical success factors
4.3 Document structure and how to use the framework
13 5 Overview of the AAL service and analysis results
6 Detailed description of the AAL service or intervention
Tables
Table 1 – Overview of the AAL service
14 7 The non-financial benefits of the AAL service
7.1 Overview
7.2 Improving the health and wellness of the population
Table 2 – Description of the AAL service
15 7.3 Improving the patient experience with healthcare or wellness services
7.4 Improving the work life of healthcare workers
16 8 The financial/sustainability analysis
8.1 Gathering the financial analysis cost data
8.2 Reference Scenario costs
Table 3 – Reference Scenario healthcare costs
17 8.3 Intervention/Alternate Scenario costs
18 Table 4 – Alternate Scenario AAL service implementation costs
19 8.4 Intervention/Alternate Scenario health system costs
Table 5 – Alternate Scenario health system cost factors
20 9 Cashflow analysis and calculating the financial indicators
9.1 A simple cash flow analysis
22 9.2 Financial indicators
Table 6 – Cash flow analysis table
23 10 Identifying risks and critical success factors
Table 7 – Financial indicators
24 11 Developing conclusions and recommendations
11.1 Developing conclusions
11.2 Recommendations
26 Annex A (informative)Financial evaluation data templates
A.1 Overview of AAL service and analysis results
A.2 AAL service description
A.3 Reference Scenario – health system cost data
Table A.1 – Overview (template)
Table A.2 – Description of the AAL service or technology (template)
27 Table A.3 – Reference Scenario healthcare costs (template)
28 A.4 Alternate Scenario – AAL service implementation costs
Table A.4 – AAL service or technology implementation costs (template)
29 A.5 Alternate Scenario – health system costs (resulting)
Table A.5 – Alternate Scenario healthcare costs (template)
30 A.6 Cash flow analysis
Table A.6 – Cash flow analysis (template)
31 A.7 Financial indicators
Table A.7 – Financial indicators (template)
32 Bibliography

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BS IEC SRD 63234-1:2020
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