Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
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- BlindingConceptMasking, Treatment Masking, Single-Blind, Triple-Blind
- Blinding (masking) keeps trial participants, clinicians, assessors or analysts unaware of assignment, limiting bias in effect, utility and cost estimates.
- Block RandomizationConceptBlock Randomisation, Permuted Block Randomisation, Random Permuted Blocks
- Block randomisation assigns participants in small blocks with set numbers per arm in random order, keeping arms balanced throughout trials that inform HTA.
- Blood IncompatibilityTermABO Incompatibility, Transfusion Incompatibility
- A serious, generally preventable safety event where a patient receives a transfusion incompatible with their blood type, risking severe immune reaction.
- Body of EvidenceConceptEvidence Body, Overall Evidence
- A body of evidence is all studies on one outcome of a guideline or HTA question, judged together; GRADE rates certainty as high, moderate, low or very low.
- Bond FinancingConceptHealthcare Bonds, Debt Financing
- Bond financing is borrowing for health by issuing bonds, debt repaid with interest over many years, so hospitals and other large costs can be paid for now.
- Boost InterventionTermBoosting, Competence-Building Intervention
- An intervention that strengthens a person's own decision-making skills, such as statistical literacy, rather than changing the choice environment.
- Bootstrap Standard ErrorConceptBootstrapped SE, Resampled Standard Error
- Bootstrap standard error is the standard deviation of an estimate, such as mean trial cost, recalculated across many resamples of the observed data.
- BootstrappingConceptBootstrapping Method, Bootstrap Resampling
- Bootstrapping is a resampling method that estimates sampling uncertainty in trial costs, QALYs and net benefit from patient samples drawn with replacement.
- Borrowing For HealthConceptHealth-Related Borrowing, Medical Debt Borrowing
- Borrowing for health is when a household takes on debt to pay for health care, a coping strategy that signals weak financial risk protection.
- Bottom-Up Cost-of-IllnessConceptBottom-Up COI
- Bottom-Up Cost-of-Illness estimates a disease's economic burden by valuing patient-level resource use at unit costs and scaling it to the population.
- Bottom-Up CostingConceptIngredient-Based Costing, Patient-Level Costing
- Bottom-up costing estimates the cost of care by recording each patient's use of resources and multiplying every item by its unit cost.
- Bounded Rationality ConceptConceptBounded Rationality, Satisficing
- The bounded rationality concept holds that patients, clinicians and payers with limited information, time and computation settle for good enough options.
- Brain DrainConceptHealth Worker Emigration, Workforce Outflow
- Brain drain is the emigration of trained health workers from poorer to richer countries, costing source countries their care and publicly funded training.
- BranchTermTree Pathway, Outcome Pathway
- A pathway within a decision tree representing one of the possible outcomes or choices available at a given node.
- Branching LogicConceptPathway Logic, Model Routing Logic
- Branching logic is the set of if-then rules that route a health survey respondent, or a patient in a decision model, by earlier answers or chance events.
- Brand NameTermBrand-Name Drug, Originator Brand
- The proprietary trademarked name under which a manufacturer markets a specific drug product, unlike its generic, non-proprietary chemical name.
- Brand TierTermBrand Drug Tier, Branded Formulary Tier
- A formulary category for brand-name drugs within a tiered insurance design, typically carrying higher cost-sharing than generic drugs in a lower tier.
- Break-Even AnalysisConceptBreakeven Analysis, Cost-Volume Analysis
- Break-even analysis finds the price, effect or volume at which a health technology or service becomes cost-effective, cost-neutral or self-financing.
- Break-Even PointTermBreakeven Point, Zero-Profit Point
- The level of output or activity at which total revenue equals total cost, so an organisation neither gains nor loses money.
- Breakthrough DesignationTermBreakthrough Status, Expedited-Review Designation
- A regulatory designation for a drug treating a serious condition when preliminary evidence suggests substantial improvement over existing therapies, giving more intensive regulatory guidance.
- Breakthrough SeriesTermIHI Collaborative Model, Learning Collaborative Series
- A structured quality improvement methodology in which multiple organisations collaborate over a defined period, sharing learning to accelerate a common improvement goal.
- Breakthrough TherapyTermBreakthrough Treatment, Breakthrough Drug
- A treatment granted a regulatory designation for preliminary evidence of substantial improvement over existing therapies for a serious condition, qualifying for expedited review.
- Breast Cancer ScreeningConceptMammography Screening, Breast Screening
- Breast Cancer Screening is regular mammography of women without symptoms to cut deaths, judged economically against overdiagnosis and cost per QALY.
- Bridge TherapyTermBridging Therapy, Bridging Treatment
- A treatment given to stabilise a patient's condition during the interval before a more definitive treatment, such as a transplant, can be performed.
- Brier ScoreConceptBrier Loss, Probability Score
- The Brier score is the mean squared difference between predicted risks and observed binary outcomes, used to judge prediction models; lower is better.
- Broad NetworkTermBroad Provider Network, Wide Network
- An insurance plan design including a large number of contracted providers, offering enrollees greater choice than a narrower network plan.
- Bronze PlanTermBronze Tier Plan, Bronze Metal Plan
- A US Affordable Care Act marketplace plan category with a relatively low actuarial value, around sixty percent, giving lower premiums but higher cost-sharing.
- Budget AllocationConceptBudget Distribution, Fund Allocation
- Budget allocation is the division of a fixed health budget between areas or programmes, using needs-based formulae, priority setting or optimisation.
- Budget AmendmentTermBudget Revision, Budget Modification
- A formal revision to an approved budget made after the budget cycle has begun, usually to reflect unexpected cost or demand changes.
- Budget ApprovalConceptBudget Authorisation, Budget Sign-Off
- The authorised decision to allocate or permit specified spending for a defined health purpose, budget holder and period, often with explicit conditions.
- Budget CapConceptBudget Ceiling, Programme Spending Cap, Spending Cap, Reimbursement Cap, Payer Spending Limit, Global Cap, Aggregate Spending Cap, Total Expenditure Ceiling, Sector Cap, Sector Spending Limit, Sectoral Ceiling
- Budget cap is a preset ceiling on what a payer will spend on a sector, provider or medicines bill, enforced by fixed budgets, tariff cuts or rebates.
- Budget ConstraintConceptSpending Limit, Fiscal Constraint
- Budget constraint is the limit that a fixed budget and given costs place on what can be bought, so funding one health programme means forgoing another.
- Budget ControlConceptSpending Oversight, Budget Adherence
- Budget control is the in-year monitoring of health spending against an approved budget, tracing variances to price or volume and acting to stay within it.
- Budget CycleConceptBudgeting Cycle, Budget Process
- Budget Cycle is the yearly sequence of formulation, approval, execution and review by which government health budgets are set, spent and audited.
- Budget EnvelopeConceptFunding Envelope, Spending Envelope, Financing Block, Funding Block, Block Allocation
- Budget Envelope is the fixed total set in advance for a health sector, programme or fund, within which detailed spending and coverage choices must fit.
- Budget ExecutionConceptBudget Implementation, Budget Disbursement
- Budget execution is the stage of the budget cycle in which an approved health budget is released, committed and spent, tracked by its execution rate.
- Budget FlexibilityTermBudgetary Flexibility, Budget Adjustability
- The degree to which a budget can be adjusted in response to changing circumstances without formal reapproval.
- Budget HolderTermBudget Manager, Fundholder
- An individual or department with formal responsibility for managing a defined portion of an organisation's budget.
- Budget ImpactConceptBudgetary Impact, Spending Impact
- Budget impact is the change in spending a budget holder can expect from adopting a health technology or policy, estimated by budget impact analysis.
- Budget Impact AnalysisConceptBIA, Budget Impact Assessment
- Budget impact analysis (BIA) estimates how adopting a new health technology would change spending for a particular budget holder over the next few years.
- Budget Impact CriterionTermBudget-Impact Threshold Criterion, BIA Criterion
- A standard determining whether a new technology's projected budget impact is significant enough to warrant additional scrutiny or a modified pathway.
- Budget Impact ModelConceptBIM, Budget Impact Spreadsheet
- Budget Impact Model is the calculation tool that forecasts a payer's yearly spending with and without a new health technology, usually over 1 to 5 years.
- Budget Impact ModellingConceptBudget Impact Modeling, BIA Modelling
- Budget impact modelling is the practice of building, testing and documenting a model of how a new health technology changes a payer's yearly spending.
- Budget JustificationTermFunding Justification, Budget Rationale
- A formal explanation supporting a requested level of funding, setting out anticipated costs, expected outcomes, and the case for the resources.
- Budget MonitoringTermBudgetary Monitoring, Spending Monitoring
- The ongoing tracking of actual spending against an approved budget to identify variances and inform corrective action.
- Budget OverrunTermCost Overrun, Budget Overspend
- Spending that exceeds the amount allocated in an approved budget, typically requiring explanation, reallocated funds, or a formal amendment.
- Budget PlanningConceptBudgetary Planning, Fiscal Planning
- Budget planning is forecasting a health organisation's activity, costs and income for the next period and setting a spending plan before approval.
- Budget RequestTermFunding Request, Budget Submission
- A formal proposal submitted by a department or programme seeking a specified allocation of funds for an upcoming budget period.
- Budget ReviewTermBudgetary Review, Budget Performance Review
- A periodic evaluation of budget performance, comparing actual spending and outcomes against the original budget plan.
- Budget TransferTermVirement, Fund Reallocation
- The reallocation of approved funds from one budget line or department to another within the same fiscal period.
