Project Description

Company background
CanAge is Canada’s National Seniors’ Advocacy Organization. Our mission is to advance the rights and wellbeing of Canadians as we age. Our vision is for older Canadians to live vibrant and connected lives.

Project background
SeniorCare360 is a comprehensive cost analysis model designed to provide a holistic view of healthcare intervention costs for seniors in Canada. The project aims to create a robust economic model that goes beyond the simple per-dose or per-device cost analysis currently used by government bodies, incorporating often-overlooked factors that significantly impact the true cost of healthcare for older adults.

Project scope and deliverables

1. Economic Model Development: Create a flexible, Excel-based economic model that considers:

• • Direct medical costs (medication, device, or procedure costs)
  • Indirect costs (transportation, caregiver time, lost productivity)
  • Long-term care costs (extended hospital stays, home care support)
  • Opportunity costs of foregoing interventions

Students are encouraged to review other models that have been developed within Commonwealth nations or other countries with universal health care.

       2. Data Collection and Analysis: Gather and analyze relevant data from various sources, including:

• • Government healthcare cost databases
  • Transportation cost data
  • Caregiver and attendant care cost estimates
  • Statistics Emergency room visit
  • Hospital stay data
  • Home care support data
  • Demographic data for seniors

        3. Scenario Analysis: Develop methods for creating and comparing different scenarios, such as:

• • Cost of intervention vs. cost of non-intervention
  • Comparison of different treatment options
  • Impact of policy changes on overall healthcare costs

        4. Reporting: Create templates for detailed reports and summaries suitable for policymakers and healthcare administrators.
        5. User Guide: Develop a comprehensive user guide that allows non-technical users to easily input data, run analyses, and interpret results.
        6. Scalability: Design the model to accommodate future expansion, potentially including more interventions or additional cost factors.

Optional: If the student team has the capability, they may include basic data visualization components to help illustrate key findings and trends. Students should focus on creating a model that is both rigorous in its analytical approach and accessible to users with varying levels of economic and healthcare policy expertise. The solution should be designed with consideration for long-term maintenance and updatability, keeping in mind the evolving nature of healthcare costs and interventions.

For a full project brief, please visit:
https://docs.google.com/document/d/1NOup1D-mM15e4NTbwJWs36tdIyKY9X6J1rfgHdxYTZE/edit?usp=sharing