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.
A
- AssentConceptChild Agreement, Minor Agreement
- Assent is a child's affirmative agreement to join research, such as a paediatric trial supplying HTA evidence, given alongside parental permission.
- AssessmentConceptTechnical Evaluation, Evidence Evaluation
- Assessment in HTA is the evidence-review step before appraisal: analysts critically evaluate a technology's clinical and cost-effectiveness evidence.
- Assessment ElementTermAssessment Domain, Assessment Component
- A specific, defined component of an assessment framework, such as clinical effectiveness or budget impact, evaluated separately before synthesis.
- Asset EfficiencyTermAsset Utilisation, Capital Efficiency
- A measure of how effectively an organisation uses its physical and financial assets, such as equipment, to generate patient care activity.
- Asset SaleTermDistress Sale, Property Sale
- The sale of household property to cover healthcare costs, a coping strategy used when other financial resources are insufficient.
- Assignment of BenefitsTermAOB, Benefits Assignment
- An arrangement in which a patient authorises their insurer to pay a provider directly for covered services, rather than reimbursing the patient.
- Assistive Technology CoverageConceptAT Coverage, Assistive Device Access
- Assistive technology coverage is how far people needing assistive products, such as wheelchairs or hearing aids, have them, and how payers fund them.
- Assumption StructureConceptStructural Assumptions, Modelling Assumptions
- Assumption structure is the full set of simplifying assumptions in a health economic model's design, such as its health states, events and extrapolation.
- Astana DeclarationTermDeclaration of Astana, Astana 2018
- A 2018 international declaration reaffirming and updating the Alma-Ata Declaration's primary healthcare principles for achieving universal health coverage.
- Asymptotic NormalityConceptLarge-Sample Normality, Asymptotic Gaussianity
- Asymptotic normality means an estimator's sampling distribution is approximately normal in large samples, the basis of Wald confidence intervals.
- Atkinson IndexConceptAtkinson Inequality Index, Atkinson Measure
- The Atkinson index measures inequality in health or income using a social welfare function with an explicit inequality aversion parameter, epsilon.
- Atrial FibrillationTermAF, AFib
- A common cardiac arrhythmia with rapid, irregular beating of the heart's upper chambers, carrying a substantially elevated stroke risk if untreated.
- Attachment PointConceptRetention Level, Stop-Loss Threshold
- An attachment point is the claims level at which stop-loss insurance or health reinsurance starts to pay, per person (specific) or per group (aggregate).
- Attack RateConceptIncidence Proportion, Outbreak Incidence
- Attack rate is the proportion of an at-risk population that develops the disease during an outbreak or other defined period: a risk, not a true rate.
- Attack Rate RatioTermAttack Rate Comparison, Relative Attack Rate
- A measure comparing the attack rate of a disease between two groups within an outbreak, such as those exposed and unexposed to a source.
- Attributable Cost EstimationConceptAttributable Costing, Disease-Attributable Cost
- Attributable cost estimation measures the extra healthcare cost a disease or risk factor causes, against what the same patients would cost without it.
- Attributable FractionConceptAttributable Proportion
- The attributable fraction is the share of cases, in the exposed or a whole population, that would not occur without an exposure, used to apportion burden.
- Attributable RiskConceptExcess Risk, Exposure-Related Risk
- Attributable risk is the risk in exposed minus unexposed people: the excess attributed to exposure, which health economic models turn into costs and QALYs.
- AttributeTermCharacteristic, Product Feature
- A characteristic of a good or service that is varied systematically across profiles in a choice experiment, such as price or waiting time.
- Attribute DefinitionTermEntity Attribute, DES Attribute
- The specification of the characteristics assigned to each entity within a discrete event simulation, such as a patient's age or diagnosis.
- Attributed PatientTermAttributed Member, Assigned Patient
- A patient formally assigned to a specific provider for measuring cost and quality performance under a value-based payment arrangement.
- AttributionConceptPatient Assignment, Provider Assignment
- Attribution is the assignment of patients to a provider so that their spending and quality of care count towards its performance in value-based payment.
- AttritionConceptParticipant Dropout, Sample Loss
- Attrition is the loss of participants from a trial or cohort study before follow-up ends, leaving outcome, cost and QALY data incomplete and open to bias.
- Attrition RateTermDevelopment Failure Rate, Candidate Failure Rate
- The proportion of drug candidates that fail to progress through each stage of development, from discovery through trials to approval.
- Auction TheoryConceptHealthcare Auction Design, Procurement Auctions
- Auction theory in health economics studies how bidding rules in tenders set the price and supply of medicines, vaccines and medical equipment.
- Audit and FeedbackConceptA&F, Provider Data Feedback
- Audit and feedback (A&F) is a quality improvement strategy that measures clinicians' practice against a target and returns the results to prompt change.
- Audit CriterionTermAudit Standard, Audit Measure
- A specific, measurable standard used to assess whether clinical practice conforms to an established guideline or expected performance level.
- Audit RecoveryTermPayment Recovery, Recovery Audit
- The process of a payer identifying and recovering improper payments previously made to a provider, typically following an audit.
- Authorized GenericTermAG
- A generic version of a brand-name drug produced or licensed by the original manufacturer, marketed without a brand name but chemically identical.
- Automatic SubstitutionConceptAuto-Substitution, Mandatory Substitution
- Automatic substitution is pharmacy dispensing of a lower-cost equivalent generic or biosimilar for a prescribed brand without consulting the prescriber.
- AutonomyConceptPatient Autonomy
- Autonomy is the ethical principle that people able to decide may make informed, voluntary choices about their own care, weighed in HTA ethical analysis.
- Autoregressive CorrelationConceptAR Correlation Structure, Autoregressive Structure
- Autoregressive correlation is a structure for repeated measures in which correlation falls by a constant factor with each time step between measurements.
- Availability HeuristicTermAvailability Bias, Ease-of-Recall Heuristic
- A cognitive heuristic in which perceived probability is based on how easily examples come to mind rather than actual frequency.
- Availability of HealthcareTermService Availability, Supply Adequacy
- One of the five classical access dimensions, referring to the adequacy of healthcare provider and service supply relative to population need.
- Available Case AnalysisConceptACA, Complete-Pairs Analysis
- Available case analysis is a missing data method estimating each quantity from everyone with data for it, so costs and QALYs may use different patients.
- Average CostConceptCost per Unit, Mean Cost, Per Patient Cost, Cost per Patient, Per-Case Cost
- Average cost is total cost divided by the number of units produced, such as patients treated or bed days, giving the cost per unit of a health service.
- Average Cost EstimationTermMean Cost Estimation, Average Costing
- The process of estimating cost per unit of service by dividing total observed cost by units delivered, without separating fixed and variable components.
- Average Cost-Effectiveness RatioConceptAverage Cost-Effectiveness, ACER
- The average cost-effectiveness ratio (ACER) is an option's cost per unit of health effect, in total or against doing nothing, without comparing options.
- Average Length of StayConceptALOS, Mean Length of Stay
- Average length of stay (ALOS) is the mean number of days inpatients spend in hospital: total bed-days divided by discharges over the same period.
- Average Manufacturer PriceConceptAMP, Manufacturer Average Price
- Average Manufacturer Price (AMP) is the average price paid to a manufacturer for a drug supplied to US retail pharmacies, the basis of Medicaid rebates.
- Average Sales PriceConceptMedicare Net Price, ASP Benchmark
- Average sales price (ASP) is a manufacturer's average US price for a drug in a quarter, net of most discounts and rebates; it sets Medicare Part B payment.
- Average Treatment EffectConceptATE, Population Average Effect
- The average treatment effect (ATE) is the mean change in costs or health outcomes if a whole population received a treatment rather than its comparator.
- Avoidable CostConceptEscapable Cost
- Avoidable cost is the cost a budget holder would no longer pay if a health service stopped or a disease was prevented, within a stated time period.
- Avoidable Cost EstimationTermAvoidable Costing, Avoidable-Cost Analysis
- The process of identifying and quantifying the portion of cost that could be eliminated if a specific activity or inefficiency were removed.
- AWMSGTermAll Wales Medicines Strategy Group
- The All Wales Medicines Strategy Group, advising the Welsh government on the clinical and cost-effectiveness of newly licensed medicines for NHS Wales.
