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Reliability assessment of an instrument eliciting and interpreting willingness-to-pay values for quality of life improvement.

Primary Health Care: Open Access

ISSN - 2167-1079

Reliability assessment of an instrument eliciting and interpreting willingness-to-pay values for quality of life improvement.

5th World Congress on Health Economics, Health Policy and Healthcare Management

October 14-15, 2019 | Copenhagen, Denmark

Afentoula Mavrodi

University of Macedonia, Greece

Scientific Tracks Abstracts: Prim Health Care

Abstract :

This study aimed at examining the test-retest reliability of an instrument developed to: a) elicit a monetary value on a quality-adjusted life-year (QALY) using the Willingness-to-Pay (WTP) approach, within the Contingent Valuation Method (CVM); and b) capture general population‚??s motives regarding value assignment. Validation of this instrument constitutes part of a PhD research for which the candidate holds a scholarship from Onassis Foundation.

WTP was elicited in two ways (iterative closed-ended bidding system/open-ended question). Participants’ motives were assessed through 3 and 4 follow-up statements designed for those willing to pay for the hypothetical treatment and those not willing to pay (protest bidders), respectively.

The study was conducted in Thessaloniki, Greece, during October/November 2018. A randomly selected sample responded via telephone interviews on two occasions over a period of 4 weeks (n=97). Differences between the two points in time were evaluated using the Wilcoxon signed ranked test. Test-retest reliability was assessed using the intra-class correlation coefficient.

WTP estimates showed no statistically significant differences between the two points in time (p>0.05). Test-retest reliability was acceptable and very good for WTP and WTP per QALY estimates, respectively (ICC values of 0.67 (95% CI: 0.51, 0.78) and 0.85 (0.73, 0.91), respectively). Analysis revealed high reliability for all three motivation statements with coefficients ranging from 0.84 (0.67, 0.92) to 0.89 (0.89, 0.96). 3 out of 4 statements formulated exclusively for protest bidders showed acceptable/very good reliability (ICC values ranging from 0.84 (0.67, 0.92) to 0.89 (0.78, 0.95)). After excluding outliers, ICC for WTP estimates was improved at 0.93 (0.88, 0.96).

Biography :

Afentoula Mavrodi is a Ph.D. Candidate at the Department of Business Administration, University of Macedonia, Greece. She holds a M.Sc. in International Health Management with Distinction from Imperial College London. She has worked as a consulting analyst in London and as a freelance consultant in both public and private sector healthcare institutions in Greece. For her Ph.D. research she holds a scholarship from Onassis Foundation.

E-mail: [email protected]

 

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