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Economic and Clinical Impact of COVID-19 on Provider Practices in MassachusettsInterim Results: May 20 June 17, 2020June 24, 2020Zirui Song, MD, PhD1,2,3, Mia Giuliano, MA1, Timothy Lillehaugen, MPH1,
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Economic and clinical impact refers to the assessment of the financial and health-related consequences of a particular medical intervention or healthcare policy. It evaluates how these factors affect patient outcomes, healthcare costs, and overall public health.
Organizations involved in healthcare delivery, pharmaceutical companies, and medical device manufacturers are typically required to file economic and clinical impact analyses as part of regulatory compliance or reimbursement applications.
Filling out an economic and clinical impact analysis involves compiling data on costs, clinical outcomes, and patient demographics, followed by analyzing this data to present the financial implications and potential health benefits of a specific intervention.
The purpose of economic and clinical impact is to provide a comprehensive understanding of the value of healthcare interventions by illustrating their cost-effectiveness and potential benefits to patient health and societal well-being.
Information that must be reported includes cost data, clinical outcomes, patient demographics, potential side effects, and comparisons with existing procedures or treatments.
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