Patient time cost function from service use, hours per use and an hourly value of time
p(n, t_trav, t_wait, t_care, w) = C_T
Maps the number of times a patient uses each type of health service, the hours each use takes in travel, waiting and care, and an hourly value of time to the money value of the patient's time in care over a period, per visit and in total. It is the resource costing sum HE-FM-COST-001 with patient hours as the resource and the hourly value as the unit cost, so the package keeps only the steps particular to patient time, which are hours built up from service counts (HE-FM-PTC-001 and HE-CF-PTC-001), the change in an incremental cost-effectiveness ratio when the time cost is added (HE-FM-PTC-002) and a value of time that depends on employment status (HE-FM-PTC-003). Productivity cost is a different cost category. The absence records HE-FN-ABSN-001, HE-FM-ABSN-002 and HE-FM-ABSN-003 value time lost from paid work as lost output, under the human capital approach or within the friction period, whereas patient time cost values the hours spent in care whether they are taken from paid work, unpaid work or leisure, and an hour taken from paid work is counted under one heading only. A value of time from another price year is moved with HE-FM-COST-002, time costs in later years are discounted with HE-FN-DISC-001, and a national total from a mean time cost per patient follows HE-FM-COI-001. Notation follows the Patient Time Cost article.
Patient time cost per visit and per year from travel, waiting and care hours
h_v = t_trav + t_wait + t_care; c_v = w * h_v; C_T = n * c_v
Rise in the ICER when incremental patient time cost is added to health service costs
dC_T = C_T_new - C_T_comp; ICER_S = ICER_H + dC_T / dE; g_ICER = (ICER_S - ICER_H) / ICER_H
Patient time cost with time valued by employment status
v_i = E_i * w_i + (1 - E_i) * w_hp; C_T_i = h_i * v_i
