Research Seminar Speaker Series: Dr. Nazia Rashid – “Cost of Illness Analysis of Dementia Related Psychosis in the US from a Societal Perspective (Health Economics and Outcomes Research Study)”

Please join us for our Research Seminar Speaker Series with our own KGI-SPHS Faculty, Dr. Nazia Rashid, PharmD, MS, Associate Professor of Administrative Sciences

Dementia-related psychosis (DRP), characterized by hallucinations and delusions, may accelerate the cognitive/functional decline among patients with dementia. Such declines have debilitating consequences on patients, caregivers, and society. While previous research has estimated total annual-direct DRP costs, analysis of both direct and indirect costs is important in understanding the overall societal burden of DRP. The objectives of this research were to estimate the societal burden and associated costs of DRP in the US population. A Markov model was developed to assess the societal cost burden of DRP. The results estimated total annual-societal cost of DRP is $263B, and approximately $122B (46%) and $141B (54%) were indirect and direct costs, respectively. Of the total indirect costs, formal and informal caregiver costs including end-of-life-care costs were approximately $44.75B and $77.25B, respectively. End-of-life-care contributed $10B and $22B of the total formal and informal caregiver costs, respectively. In conclusion, the results of this analysis demonstrate that indirect costs contribute to approximately half of the total annual societal DRP costs; with caregiver costs contributing nearly 30% of the total. Given the aging US population, in addition to direct costs, indirect costs related to the caregiver and out-of-pocket costs may impose an enormous burden on the healthcare system.

Date: Friday, November 12, 2021

Time:  12:00 – 1:00 p.m.

Via Zoom:  https://kgi.zoom.us/j/94499690112