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. 2025 Jun;14(6):e250008.
doi: 10.57264/cer-2025-0008. Epub 2025 May 21.

Cost-effectiveness and budget impact analysis of switching from apixaban to rivaroxaban treatment among patients with nonvalvular atrial fibrillation in a German healthcare setting

Affiliations

Cost-effectiveness and budget impact analysis of switching from apixaban to rivaroxaban treatment among patients with nonvalvular atrial fibrillation in a German healthcare setting

Rupesh Subash et al. J Comp Eff Res. 2025 Jun.

Abstract

Aim: Direct oral anticoagulant (DOAC) switching often occurs in patients with nonvalvular atrial fibrillation (NVAF) for medical and nonmedical reasons. Limited data describe the economic consequences of DOAC switching in patients with NVAF. This study evaluates the cost-effectiveness and budget impact of initiating apixaban and switching to rivaroxaban versus initiating and continuing apixaban for patients with NVAF, from a German payer perspective. Materials & methods: Built on an existing model, a cohort-level lifetime Markov model was developed, including dynamic pricing assumptions to account for anticipated generic entry of DOACs. The modeled population (n = 1000) included German patients with NVAF, eligible for oral anticoagulation, who initiated on apixaban. The primary model outcome was the incremental cost-effectiveness ratio, assessed using cost per quality-adjusted life year (QALY) gained and a willingness-to-pay threshold of €48,750/QALY. A secondary model outcome was a 5-year budget impact analysis. Results: Switching patients from apixaban to rivaroxaban led to 285 additional events per 1000 patient years, resulting in 0.079 fewer QALYs and higher total costs per patient (€21,357 vs €16,390 for apixaban continuers). In the base case analysis (with generic pricing assumptions), switching from apixaban to rivaroxaban was dominated (i.e., less effective and more costly) by continuing apixaban. In the budget impact analysis (with generic pricing assumptions), switching from apixaban to rivaroxaban led to additional cumulative costs of €490 per patient over 5 years. Conclusion: Despite the introduction of generic discounting, switching patients with NVAF from apixaban to rivaroxaban led to higher total costs and fewer QALYs under base case assumptions, meaning apixaban switchers were dominated by apixaban continuers from a German payer perspective. Switching patients from apixaban to rivaroxaban also led to greater budget impact over 5 years.

Keywords: DOAC-to-DOAC switching; apixaban; cost–effectiveness; nonvalvular atrial fibrillation; rivaroxaban.

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Conflict of interest statement

Competing interests disclosure

R Subash, E Dworatzek and A Kisser are employees and shareholders of Pfizer. M Zhang is an employee of Bristol Myers Squibb and the University of Southern California. M Hagan was an employee of Bristol Myers Squibb at the time of writing this study. T Strakosch was an employee of FIECON at the time of writing this study; FIECON received funding from the Pfizer/Bristol Myers Squibb Alliance in connection with the conduct of this study. C Salter, C Dickerson and E Stawowczyk are employees of Health Economics and Outcomes Research Ltd., HEOR Ltd. received funding from the Pfizer/Bristol Myers Squibb Alliance in connection with the development of this manuscript and conduct of the study. V Vasilopoulos was an employee of HEOR Ltd. at the time of writing this study. The authors have no other competing interests or relevant affiliations with any organization/entity with a financial interest in or financial conflict with the subject matter or materials discussed in the manuscript apart from those disclosed.

The authors have no other competing interests or relevant affiliations with any organization/entity with a financial interest in or financial conflict with the subject matter or materials discussed in the manuscript apart from those disclosed.

Figures

Figure 1.
Figure 1.. Markov model.
AF: Atrial fibrillation; ICH: Intracranial hemorrhage; MB: Major bleeding; MI: Myocardial infarction; SE: Systemic embolism; TIA: Transient ischemic attack.
Figure 2.
Figure 2.. Base case: modeled clinical event rates per 1000 patient years.
Incremental values may not correspond to the chart due to rounding. ICH: Intracranial hemorrhage; MI: Myocardial infarction; SE: Systemic embolism; TIA: Transient ischemic attack.

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