Supporting community-dwelling older people with cognitive impairment to stay at home: A modelled cost analysis.
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ABSTRACT: Objective
To model the potential financial implications of Australian programs supporting cognitively impaired community-dwelling older people.Methods
Markov cohort models of (a) an observational study of a residential dyadic training program for carers and people with dementia (GTSAH) and (b) a frailty intervention (FIT) in a cognitively impaired subgroup. Direct health and social welfare costs accrued over 5 years (2018 $AUD prices) were captured. GTSAH costs $3755, FIT costs $1834, and permanent residential aged care (P-RAC) costs $237 per day.Results
Modelling predicted costs break even in approximately 5 months for GTSAH and 7 months for FIT, after which these interventions saved funds. The primary driver of savings was the P-RAC cost (discounted at 5%/annum), at $121 030 for GTSAH vs $231 193 for standard care; and $47 857 with FIT vs $111 359 for standard care.Conclusions
Programs supporting cognitively impaired community-dwelling older people could be financially beneficial; further evaluation and implementation would be a worthwhile investment.
SUBMITTER: Dyer SM
PROVIDER: S-EPMC7818109 | biostudies-literature | 2020 Dec
REPOSITORIES: biostudies-literature
Publications
Supporting community-dwelling older people with cognitive impairment to stay at home: A modelled cost analysis.
Dyer Suzanne M SM Standfield Lachlan B LB Fairhall Nicola N Cameron Ian D ID Gresham Meredith M Brodaty Henry H Crotty Maria M
Australasian journal on ageing 20200701 4
<h4>Objective</h4>To model the potential financial implications of Australian programs supporting cognitively impaired community-dwelling older people.<h4>Methods</h4>Markov cohort models of (a) an observational study of a residential dyadic training program for carers and people with dementia (GTSAH) and (b) a frailty intervention (FIT) in a cognitively impaired subgroup. Direct health and social welfare costs accrued over 5 years (2018 $AUD prices) were captured. GTSAH costs $3755, FIT costs $ ...[more]
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