pellicle
Professional Dingbat, Guru and Merkintologist
Strips can be $10 each, a lab draw is $17 where I'm at. $1,100 up front cost for a machine would take 157 tests to make up the costs. 3 years if testing weekly, 13 years if monthly.
Online prices can be down to US$6 per strip if buying in 48 strips.
Some places don't have convenient labs. I often wait 45min at the lab. That is annoying. Home testing allows you to be in control rather than be a passive recipient. A patient. Clearly home testing is not for everyone but as I mentioned stuff can be sourced at much much lower prices than $1100 (a figure I only started with to compare with the possibility that simply warfarin alone would be $2000 a month (as open stated)
A used coaguchek can make it cheaper.
An alternate cost benefit analysis could be:
* Used coaguchek (sold by someone who didn't like home testing for instance) ~= $500
* 48 strips ~= $260
Yeilds $15.80 each for those 48 tests
However you get to keep the meter so subsequent tests are $5.41 each test.
Compared to lab tests you are ahead before you complete the first 48
This doesn't factor in blown strips in training nor the costs of transport to and from the lab. Thus this is not exhaustive.
However my point is that other economic choices can offer more advantages.
Lastly but not insignificantly
http://www.lancet.com/journals/lancet/article/PIIS0140-6736(00)02470-3/abstract
The proportion of patients who spent most time in the therapeutic target range was larger during self-management than during anticoagulation clinic-guided management.
The odds ratio for a better control of anticoagulation (defined as the period of time in the therapeutic target range) during self-management compared with anticoagulation clinic-guided management was 4·6 (95% Cl 2·1—10·2).
A patient-satisfaction assessment showed superiority of self-management over conventional care.
Most certainly self monitoring is not a panacea and some may feel uncomfortable with it. Further good reading here
http://web.clas.ufl.edu/users/msscha/mtmcc/meta_analysis_coumarin_selfmgt.pdf
Information is power