IEC SRD 63234-1:2020

IEC SRD 63234-1 ®
Edition 1.0 2020-02
SYSTEMS
REFERENCE DELIVERABLE
Economic evaluation of active assisted living services –
Part 1: Framework
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IEC SRD 63234-1 ®
Edition 1.0 2020-02
SYSTEMS
REFERENCE DELIVERABLE
Economic evaluation of active assisted living services –

Part 1: Framework
INTERNATIONAL
ELECTROTECHNICAL
COMMISSION
ICS 03.080; 03.100.60 ISBN 978-2-8322-7847-5

– 2 – IEC SRD 63234-1:2020 © IEC 2020
CONTENTS
FOREWORD . 4
INTRODUCTION . 6
1 Scope . 7
2 Normative references . 7
3 Terms, definitions and abbreviated terms . 7
3.1 Terms and definitions . 7
3.2 Abbreviated terms . 8
4 General . 8
4.1 Document objective . 8
4.2 Economic evaluation process overview . 9
4.2.1 Alternate versus Reference Scenario . 9
4.2.2 Time period for analysis. 9
4.2.3 The cost of money . 9
4.2.4 The economic or financial indicators . 9
4.2.5 Multiple Alternate Scenarios . 10
4.2.6 Risks and critical success factors . 10
4.3 Document structure and how to use the framework . 10
5 Overview of the AAL service and analysis results . 11
6 Detailed description of the AAL service or intervention . 11
7 The non-financial benefits of the AAL service . 12
7.1 Overview. 12
7.2 Improving the health and wellness of the population . 12
7.3 Improving the patient experience with healthcare or wellness services. 13
7.4 Improving the work life of healthcare workers. 13
8 The financial/sustainability analysis . 14
8.1 Gathering the financial analysis cost data . 14
8.2 Reference Scenario costs . 14
8.3 Intervention/Alternate Scenario costs . 15
8.4 Intervention/Alternate Scenario health system costs . 17
9 Cashflow analysis and calculating the financial indicators . 18
9.1 A simple cash flow analysis . 18
9.2 Financial indicators . 20
10 Identifying risks and critical success factors . 21
11 Developing conclusions and recommendations . 22
11.1 Developing conclusions . 22
11.2 Recommendations . 22
Annex A (informative)  Financial evaluation data templates. 24
A.1 Overview of AAL service and analysis results . 24
A.2 AAL service description . 24
A.3 Reference Scenario – health system cost data . 24
A.4 Alternate Scenario – AAL service implementation costs . 26
A.5 Alternate Scenario – health system costs (resulting) . 27
A.6 Cash flow analysis . 28
A.7 Financial indicators . 29
Bibliography . 30

Table 1 – Overview of the AAL service . 11
Table 2 – Description of the AAL service. 12
Table 3 – Reference Scenario healthcare costs . 14
Table 4 – Alternate Scenario AAL service implementation costs . 16
Table 5 – Alternate Scenario health system cost factors . 17
Table 6 – Cash flow analysis table . 20
Table 7 – Financial indicators . 21
Table A.1 – Overview (template) . 24
Table A.2 – Description of the AAL service or technology (template) . 24
Table A.3 – Reference Scenario healthcare costs (template) . 25
Table A.4 – AAL service or technology implementation costs (template) . 26
Table A.5 – Alternate Scenario healthcare costs (template) . 27
Table A.6 – Cash flow analysis (template) . 28
Table A.7 – Financial indicators (template) . 29

– 4 – IEC SRD 63234-1:2020 © IEC 2020
INTERNATIONAL ELECTROTECHNICAL COMMISSION
____________
ECONOMIC EVALUATION OF ACTIVE ASSISTED LIVING SERVICES –

Part 1: Framework
FOREWORD
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IEC SRD 63234-1, which is a Systems Reference Deliverable, has been prepared by IEC
systems committee Active Assisted Living.
The text of this Systems Reference Deliverable is based on the following documents:
Draft SRD Report on voting
SyCAAL/153/DTS SyCAAL/165/RVDTS

Full information on the voting for the approval of this Systems Reference Deliverable can be
found in the report on voting indicated in the above table.
This document has been drafted in accordance with the ISO/IEC Directives, Part 2.
A list of all parts in the IEC SRD 63234 series, published under the general title Economic
evaluation of active assisted living services, can be found on the IEC website.

The committee has decided that the contents of this document will remain unchanged until the
stability date indicated on the IEC website under "http://webstore.iec.ch" in the data related to
the specific document. At this date, the document will be
• reconfirmed,
• withdrawn,
• replaced by a
...