This section outlines our methodology for assessing the effectiveness of fenofibrate, alone or in combination with a statin, in reducing the risk of first amputation. Our approach is based on cost-effectiveness analysis, a comprehensive economic evaluation technique that compares the costs and outcomes of different health programmes or treatments.
Our cost-effectiveness model has two main components. The first is a prediction of diabetes outcomes using risk equations from the UKPDS model based on data constructed from an Australian cohort. This prediction is then refined using data on clinical treatment effects observed in the FIELD clinical trial.
The second part of the model is dedicated to evaluating costs and quality of life and sensitivity analysis. This evaluation is based on the outcome predictions of the UKPDS model. It incorporates assessments of QALYs, longevity, and current market prices to provide an understanding of the economic and quality of life implications of the treatment options under consideration.
Data
This study uses baseline patient characteristics from the Australian National Diabetes Audit Annual Report 2022 (ANDA 2022), as well as the FIELD study [11–13], to represent Australian patients with diabetes and the clinical trial context for fenofibrate. Australian National Diabetes Audit (2022) Annual Report is the fifteenth iteration of diabetes data reporting under the aegis of the National Association of Diabetes Centres. This comprehensive document offers insights into the clinical profiles, quality of life, and overall well-being of individuals diagnosed with either type 1 or type 2 diabetes. The audit's scope includes data gathered from May through July 2022, spanning 64 diabetes centres, and encompassing a participant pool of 4,641 diabetic patients across all Australian states. It delineates the demographic, clinical, and outcome-related characteristics of the cohort, with separate analyses for type 1 and type 2 diabetes. Additionally, it details the history of complications over the preceding 12 months and earlier, facilitating a comparative analysis with data from previous collections [12]. These patient characteristics and history of complications for Type 2 diabetes patients (Table 1) were used in simulating the baseline cohort in our study. In the absence of data on the ANDA 2022 report, the heart rate, white blood cell, Haemoglobin, history of atrial fibrillation, history of, ischaemic heart disease (IHD), and the history of congestive heart failure (CHF) were derived from previous studies which reported Australian population with types 2 diabetes [14]. The proportion of Albuminuria (micro or macro) was obtained from the FIELD study cohort [11].
Table 1
| Mean |
Age | 61 |
FEMALE, % | 45.9 |
BMI | 33.6 |
Duration of diabetes | 12.4 |
SMOKER, % | 14.7 |
HbA1c, % | 8.4 |
Systolic blood pressure, mmHg | 132 |
HDL, mmol/L | 1.3 |
LDL, mmol/L | 3 |
Haemoglobin, g/dl | 14.4 |
Heart rate, beats/min | 78.6 |
White blood cell count | 7 |
Estimated glomerular filtration rate, ml/min/1.73m2 | 74.2 |
History of atrial fibrillation, % | 5.4 |
History of peripheral vascular disease, % | 8.4 |
History of renal failure, % | 4.5 |
Blindness, % | 1.9 |
Albuminuria (micro or macro), % | 26.7 |
History of Ulcer, % | 6.3 |
History of amputation, % | 2.3 |
History of IHD, % | 3.2 |
History of MI, % | 9.5 |
History of stroke, % | 15.1 |
History of CHF, % | 14.3 |
Our baseline data reveals that the average age of patients in the sample is around 61 years, with females constituting approximately 46% of the cohort. The average duration of diabetes among these patients is about 12 years, and 2.3% have a history of amputation. We then compare the two modelled outcomes: those receiving standard treatment and those receiving fenofibrate added to their standard treatment.
Health outcomes
This study uses the UKPDS 82 model, a discrete-time probabilistic computer simulation based on parametric proportional hazard risk equations derived from 20 years of clinical trial data from 5,102 patients recruited in the UK between 1977 and 1991. This study calibrated the UKPDS 82 model with Australian data, making it relevant and applicable to the Australian context. The Australian Pharmaceutical Benefits Advisory Committee (PBAC) has also endorsed and considered this model, further validating its use and relevance in this study.
The UKPDS 82 model considers various patient details such as demographics, clinical risk factors and medical history. It produces annual incidence rates for death and a range of complications, including myocardial infarction (MI), stroke, ischaemic heart disease (IHD), congestive heart failure (CHF), amputation, blindness, renal failure, and ulcers. The model also considers the subsequent occurrence of MI, stroke, and amputation.
In each annual cycle of the model, the probability of death or complications is predicted for each patient based on specific risk equations. These predicted probabilities are then compared to a randomly generated number from a uniform distribution between zero and one. This comparison determines whether an event occurs for a given patient. The complication risk equations are run in a random order, and if an event is predicted in one cycle, it will affect the results of the remaining equations in the same cycle. The probability of death is calculated based on the occurrence and type of complications in the current annual cycle.
If a patient is predicted to die in the model, their total number of events experienced, and years lived are calculated and removed from the simulation. Conversely, if the patient survives the cycle, their age, duration of diabetes, clinical risk factor values and event history are updated and carried forward to the next cycle. The clinical risk factors in the model can either be updated with existing patient data or projected over time using risk factor time path equations.
We adjusted the rates of fatal and non-fatal cardiovascular events and mortality from other causes. This adjustment ensures that the standardised mortality ratios (SMRs) for our modelled patient population relative to the general Australian population are consistent with the SMRs observed between the Australian population of patients with type 2 diabetes and the general Australian population during 2004–2010. These comparative SMRs are derived from a study of a large cohort of Australians with type 2 diabetes.
In addition, our model is designed to accommodate any specified integer time horizon, effectively allowing evaluators to set a lifetime duration for the individuals in the study. For the base case of our analysis, we chose a time horizon of 20 years. This period strikes a balance between the disease's lifelong nature and the baseline population's expected life expectancy, typically between 15 and 30 years.
In our study, we refer to the FIELD trial to assess the effect of fenofibrate intervention on diabetes complications and risks [11, 13].
However, it is important to note that the FIELD clinical trial data is not directly incorporated into the UKPDS risk equations. To address this gap, we incorporate the results of the FIELD clinical trial into our use of the UKPDS models. This integration includes the treatment effect of fenofibrate on low-density lipoprotein (LDL) and high-density lipoprotein (HDL) levels in the treatment group microsimulation. The data also suggest that fenofibrate is associated with a 36% reduction in the risk of diabetes-related amputation, 10% reduction in total stroke, 24% reduction in myocardial infarction, 11% reduction in cardiovascular diseases [11, 13]. These clinical parameters from FIELD have been incorporated into our microsimulation model. They are embedded in each cycle of our predictive probabilities, improving the accuracy and relevance of our model's predictions in the context of the fenofibrate intervention.
In addition to our previous steps, we have performed calibration for other diabetes-related complications in the first year and for the event history of patients, referencing data from the Australian Diabetes Audit Annual Report (2022). This calibration ensures that our model accurately reflects the current diabetes complications and treatments in Australia.
Following this calibration, we simulate the cohort of 10,000 patients using the UKPDS model in two distinct scenarios: one representing patients under standard diabetes treatment and the other depicting those receiving standard treatment with the addition of fenofibrate. This dual-model approach allows us to compare the outcomes of these two treatment strategies over extended periods.
We generate predictions for these patient groups over 15, 20, and 25 years. This long-term projection is crucial for understanding the potential impacts and benefits of incorporating Fenofibrate into standard diabetes treatment regimens, especially in reducing the risk of complications and improving patient outcomes over several decades.
A standard discount rate of 3% was used.
Cost-effectiveness Analysis
In this study, we assess the intervention's cost-effectiveness by exploring the improvements in health outcomes and costs compared to the comparator. The primary measure of interest in this cost-effectiveness analysis is the incremental cost-effectiveness ratio (ICER), which quantifies the additional cost per unit of health outcome benefit gained from the intervention, focusing on the comparative analysis between two or more treatment options [1].
The ICER is calculated by determining the difference in total cost between the intervention and the comparator and then dividing this difference by the difference in effect [1], which is in Australia is the quality adjusted life years (QALYs) gained by the intervention compared to the comparator in this study:
$$\:ICER=\frac{{Total\:Cost}_{intervention}-\:{Total\:Cost}_{comparator}}{{QALY}_{intervention}-\:{QALY}_{comparator}}$$
The equation above allows us to calculate the additional cost required to obtain a unit of health benefit, providing a clear and quantifiable measure of the cost-effectiveness of the intervention.
To measure QALYs lived, we multiply the years of life spent in a particular health state by the utility value assigned to that state [15]. For example, if a health state is assigned a utility value of 0.8, then a year spent in that state is equivalent to 0.8 QALYs [15].
The ICER is also reported by life years (LYs) gained as recommended by the PBAC guidelines.
Cost input
Costs associated with the management of the first or subsequent incidences of the various health outcomes considered in the model are estimated primarily using information from the National Hospital Cost Data Collection (NHCDC 2020-21) under an assumption that all such events would require hospitalisation. Estimated national acute public sector total costs per separation for relevant Australian Refined Diagnostic Related Group (AR-DRG) items have been selected (Table 2) and inflated to 2023 dollars using a factor based on the increase in the health component of the Consumer Price Index (CPI) since 2021.
Table 2
| Cost | Source |
Health outcomes |
Severe Visual Loss | $4,815 | AR-DRG: C61A, C61B |
Lower Extremity Amputation | $47,847 | AR-DRG: F11A, F11B, F13A, F13B |
End Stage Renal Disease | $10,376 | AR-DRG: L60A, L60B, L60C |
Ischemic Heart Disease | $3,468 | AR-DRG: F66A, F66B |
Heart Failure | $10,389 | AR-DRG: F62A, F62B, F62C |
First/subsequent MI | $8,467 | AR-DRG: F41A, F41B, F60A, F60B |
First/subsequent stroke | $12,380 | AR-DRG: B70A, B70B, B70C, B70D |
Medication (yearly cost) | | |
Fenofibrate | $203.00 | PBS item 13587D |
Metformin MR | $79.90 | PBS item 9435N |
Gliclazide MR | $40.00 | PBS item 8535F |
Other | | |
Complication free diabetes | $2,815 | Lee et al. 2018 |
All patients were assumed to be receiving anti-diabetic combination therapy consisting of metformin modified release 1500mg/day + gliclazide modified release 30mg/day. The price of all medication including fenofibrate was obtained from the Australian Pharmaceutical Benefits Scheme (PBS).
Quality of life
A number of studies were identified in the literature for informing health related quality of life. Beaudet et al. (2014) reported a comprehensive systematic review of the health-related quality of life (HRQoL) for diabetes modelling. The input for this current study estimates for each outcome and health state is largely based on this study (Table 3).
Table 3
Health related quality of life
Parameter | Value | Source |
Total baseline for the cohort | 0.8352 | Bagust et al. 2005 |
Severe Visual Loss | -0.057 | Beaudet et al. 2014 |
Active Ulcer | -0.17 | Beaudet et al. 2014 |
Lower Extremity Amputation Event | -0.28 | Beaudet et al. 2014 |
History of Lower Extremity Amputation | -0.272 | Beaudet et al. 2014 |
End Stage Renal Disease | -0.175 | Beaudet et al. 2014 |
Ischaemic Heart Disease | -0.09 | Beaudet et al. 2014 |
Heart Failure | -0.108 | Beaudet et al. 2014 |
MI event | -0.055 | Beaudet et al. 2014 |
History of subsequent MI | -0.028 | Beaudet et al. 2014 |
First Stroke Event | -0.164 | Beaudet et al. 2014 |
History of First Stroke | -0.115 | Alva et al 2014 |
Subsequent Stroke Event | -0.164 | Beaudet et al. 2014 |
History of Subsequent Stroke | -0.164 | Alva et al 2014 |