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Table 3 Overview of the health economic evaluation study designs for the assessment of cost-effectiveness efficacy in radiology AI (RADAR-6)

From: Radiology AI Deployment and Assessment Rubric (RADAR) to bring value-based AI into radiological practice

Attribute

Cost-minimization analysis

Cost-effectiveness analysis

Cost-utility analysis

Description

Compares costs of technologies (known or assumed to be equally effective) to find the cheapest option

Compares costs and outcomes of different technologies to assess if any health benefits justify costs

Compares costs and outcomes of different technologies to assess if any QALY benefits justify costs

Key input data

Costs

Costs, health outcomes (such as life expectancy, reduction in blood pressure)

Costs, health outcome in terms of QALYs

Literature example

CMA of lung nodule management strategy leveraging AI in lung cancer CT screening [49]

CEA of AI-based chest CT analysis for rapid COVID-19 diagnosis and prognosis [50]

CUA of AI support in CT-based lung cancer screening [51]

  1. Abbreviations: AI Artificial intelligence, BIA Budget impact analysis, CEA Cost-effectiveness analysis, CMA Cost-minimization analysis, CUA Cost-utility analysis, QALY Quality-adjusted life year