IEC SRD 63234-2:2020 PDF

Overview

IEC SRD 63234-2:2020 - "Economic evaluation of active assisted living services - Part 2: Example of use – Monitoring patients with chronic diseases" is an IEC Systems Reference Deliverable that demonstrates how to apply the economic-evaluation framework from IEC SRD 63234-1 to a concrete case: technology‑supported, remote in‑home monitoring of patients with chronic diseases. The example is presented from the perspective of the healthcare system/services funder (e.g., government payer or insurer) and compares a Reference Scenario (usual care) against an Alternate Scenario (AAL remote patient monitoring service). Standard financial metrics such as Return on Investment (ROI), Net Present Value (NPV) and Payback Period are estimated using spreadsheet cash‑flow models.

Key topics and requirements

• Framework application: Uses the template and descriptive framework of IEC SRD 63234-1 to capture data for comparative analysis.
• Reference vs Alternate Scenarios: Defines the current care pathway (Reference) and the AAL intervention (Alternate) for consistent comparison.
• Economic indicators: Estimates ROI, NPV and Payback Period; includes time‑period selection and cost‑of‑money considerations.
• Cost categories: Presents implementation costs, ongoing health system costs and reference‑scenario costs for accurate cash‑flow modelling.
• Scaling examples: Provides ramp‑up scenarios (example analyses for 10,000 and 100,000 patients) to show economies of scale and sensitivity.
• Non‑financial benefits: Addresses Quadruple Aim outcomes - population health, patient experience, provider work life and cost sustainability - and how to incorporate them in evaluation.
• Risk and success factors: Identifies project risks, critical success factors and sensitivity considerations for decision making.
• Practical tools: Illustrative tables and figures and an electronic spreadsheet approach to support reproducible analysis.

Applications

This standard is practical for:

• Preparing business cases and budget proposals for remote patient monitoring and AAL services.
• Performing cost‑benefit and cost‑effectiveness analyses for telehealth deployments.
• Informing procurement, reimbursement and policy decisions by payers and health authorities.
• Guiding pilot design, scale‑up planning and sensitivity testing for technology‑enabled home healthcare.

Who should use this standard

• Health economists, program planners and healthcare funders (government agencies, insurers)
• AAL and telehealth solution providers and system integrators
• Hospital and community care managers evaluating remote monitoring pilots
• Policy makers and procurement officers assessing economic sustainability

Related standards

• IEC SRD 63234-1:2020 - descriptive framework and template for economic evaluation (primary companion document)
• IEC Electropedia / IEC 60050 - terminology references used in the document

Keywords: IEC SRD 63234-2:2020, economic evaluation, active assisted living, AAL, remote patient monitoring, chronic disease monitoring, ROI, NPV, payback period, telehealth, home healthcare.