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Cost-effectiveness of early intervention in psychosis in Latin America: economic evaluation of Chilean services

Published online by Cambridge University Press:  05 May 2026

David Aceituno*
Affiliation:
Health Service and Population Research, King’s College London, London, UK Department of Psychiatry, Pontificia Universidad Catolica de Chile, Santiago, Chile
Nicolas A. Crossley
Affiliation:
Department of Psychiatry, Pontificia Universidad Catolica de Chile, Santiago, Chile
Huajie Jin
Affiliation:
Health Service and Population Research, King’s College London, London, UK
Carlos Balmaceda
Affiliation:
Epsilon Research, Santiago, Chile Centre for Research on Health and Social Care Management (CERGAS), Bocconi University, Milan, Italy
Eduardo A. Undurraga
Affiliation:
School of Government, Pontificia Universidad Catolica de Chile, Santiago, Chile Surveillance, Epidemiology, and New Technologies for Infectious Emerging Threats (SENTINET), Santiago, Chile
Alfonso Gonzalez-Valderrama
Affiliation:
School of Medicine, Universidad Finis Terrae, Santiago, Chile
Paul McCrone
Affiliation:
Institute for Lifecourse Development, University of Greenwich, London, UK
Matthew Prina
Affiliation:
Faculty of Medical Sciences, Newcastle University, Newcastle, UK
Mark W. Pennington
Affiliation:
Source Health Economics, London, UK
*
Correspondence: David Aceituno. Email: david.aceituno@kcl.ac.uk
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Abstract

Background

International evidence suggests that Early Intervention for Psychosis (EIP) services are both effective and cost-effective. Such evidence, however, comes almost exclusively from high-income countries.

Aims

Our aim was to estimate the cost-effectiveness of EIP services in a Latin American setting.

Method

We compared EIP services against community mental health teams (CMHT) from the Chilean health system perspective. We developed a six-state Markov model to estimate the costs, benefits (measured as quality-adjusted life-years (QALYs)) and incremental cost-effectiveness ratio (ICER) for a 10-year time horizon. The model was populated with data from a Chilean EIP cohort, published literature and expert opinion. We characterised uncertainty through probabilistic sensitivity analysis and calculated the value of information to reduce such uncertainty.

Results

In the base case analysis, EIP was cost-effective compared with CMHT, with an ICER of 5 550 044 Chilean pesos per QALY (USD 13 742 adjusted for purchasing power parity). Uncertainty analysis revealed an 80% probability of EIP services being the most cost-effective option at a willingness-to-pay threshold of one gross domestic product per capita (USD 15 923). Sensitivity analysis showed that the results were sensitive to parameters such as intervention effectiveness and cost, suggesting that a new trial might be worthwhile to reduce uncertainty.

Conclusions

This model suggests that implementing EIP services in Chile may cost more, but it is likely to be cost-effective. Nonetheless, more evidence about affordability, equity and broader perspectives is needed to improve the economic case of implementing EIP services in less-resourced settings, such as in Latin America.

Information

Type
Paper
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited.
Copyright
© The Author(s), 2026. Published by Cambridge University Press on behalf of Royal College of Psychiatrists
Figure 0

Fig. 1 Markov model conceptualisation. FEP, first-episode psychosis; PNS, persistent negative symptoms.

Figure 1

Table 1 Baseline characteristics of participants

Figure 2

Fig. 2 Pooled risk ratios (RRs) at different levels of inclusion of observational evidence. Forest plots showing the effect of incorporating observational evidence within a meta-analysis of aggregate data. The y axis shows increasing weighting of the observational evidence from bottom to top, because the weighting factor is exponential. The x axis represents the estimated effect size (remission at left and relapse at right) in the RR scale. The blue point-and-range lines represent pooled effect sizes at different weightings of the observational evidence.

Figure 3

Table 2 Results of base case analysis comparing early intervention for psychosis services against community mental health teams

Figure 4

Fig. 3 Cost-effectiveness plan showing PSA simulations. The x axis represents the difference between EIP services and CMHT in terms of QALYs; the y axis represents the difference between EIP services and CMHT in terms of costs (CLP). PSA, probabilistic sensitivity analysis; EIP, Early Intervention in Psychosis; CMHT, community mental health teams; QALYs, quality-adjusted life-years; CLP, Chilean peso; ICER, incremental cost-effectiveness ratio.

Figure 5

Fig. 4 Cost-effectiveness acceptability curve showing the probability of EIP being cost-effective at different thresholds of WTP. The x axis shows WTP in Chilean peso (CLP), with the y axis representing the probability of cost-effectiveness. EIP, Early Intervention in Psychosis; WTP, willingness to pay; GDPpc, gross domestic product per capita.

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