What are some of the challenges of cost-effectiveness ratio rankings?

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Some of the challenges of cost-effectiveness ratio rankings are that they do not take into account non-monetary outcomes, such as changes in quality of life or patient health. Additionally, there may be difficulty accurately determining the true costs associated with a particular intervention, and it is often difficult to compare and contrast different interventions when they are measured using different metrics. Furthermore, cost savings from one type of intervention may result in additional costs elsewhere.

The benefit of using a risk-adjusted measure for comparing cost-effectiveness is that it allows for assessment beyond just looking at financial costs alone. Risk adjustment techniques can include taking into account factors like age and comorbidities which can help quantify the potential effects that impact an individual’s overall health outcome. This approach allows for comparison between interventions across varying contexts by measuring them against the same expected level of risk rather than absolute financial figures which vary based on external conditions like current market prices etc. Additionally, this method provides more information to policy decision makers so they can better weigh various options when coming up with decisions related to resource allocation & optimized care delivery protocols too.