Understanding the Economics of Pediatric Healthcare Interventions

In this episode, Dr. R. Brett McQueen (robert.mcqueen@cuanschutz.edu), an associate professor specializing in health economics at the University of Colorado, discusses the complex economics behind healthcare interventions. The conversation covers how mathematical formulas quantify the value of medical interventions, particularly in pediatric care and type 1 diabetes. McQueen shares insights into his work on cost-effectiveness analysis, comparative effectiveness, and patient preferences. He also emphasizes the ethical considerations in healthcare decisions, the importance of childhood screening and vaccinations, and the role of AI and machine learning in optimizing healthcare strategies. The discussion aims to demystify these complex concepts and highlight the need for a better understanding and communication of the economic impacts of pediatric healthcare.

00:00 Introduction and Condolences
00:10 Introducing Dr. R. Brett McQueen
01:48 Understanding Pharmacoeconomics
03:01 Real-World Applications in Pediatrics
05:01 Budget Impact and Medicaid
13:11 Cost-Effectiveness Analysis
24:04 Ethical Decisions in Healthcare
41:17 Understanding Quality Adjusted Life Years (QALYs)
42:11 The Economic Impact of Vaccination
42:32 Challenges in Communicating Value to Insurance Companies
45:00 The Role of Pediatricians in Advocating for Vaccination
46:06 Budget Impact and Health Consequences
47:19 The Importance of Trade-offs in Healthcare
59:12 Behavioral Economics and Public Health
01:03:09 AI and Machine Learning in Medical Research
01:06:41 The Significance of HbA1c Data
01:14:37 Ethical Considerations in Medical Research
01:17:11 Concluding Thoughts on Healthcare Economics

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The Pediatric Lounge - A Podcast taking you behind the door of the Physician's Lounge to get a deeper insight into what docs are talking about today, from the clinically profound to the wonderfully routine...and everything in between.

The conversations are not intended as medical advice, and the opinions expressed are solely those of the host and guest.