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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- Background MortalityTermBackground Hazard, General-Population Hazard, Baseline Population Hazard
- The rate of death from causes unrelated to the disease being studied, applied within a model alongside any additional disease-specific mortality risk.
- Bad DebtTermUncollectible Debt, Uncollected Charges
- Healthcare charges a provider is unable to collect from a patient who was expected to pay but did not.
- Balance BillingTermExtra Billing, Provider Balance Charge
- The practice of a provider billing a patient for the difference between their charge and what insurance actually paid, typically for out-of-network care.
- Balance Billing ProtectionTermSurprise-Billing Protection, No-Balance-Bill Rule
- A regulatory safeguard preventing providers from billing patients the difference between their charge and insurance payment, particularly for emergency care.
- Balance SheetTermStatement of Financial Position
- A financial statement reporting an organisation's assets, liabilities, and net worth at a specific point in time.
- Balanced ScorecardTermBSC, Kaplan-Norton Scorecard
- A strategic performance framework tracking organisational performance across multiple perspectives, such as financial, customer, and internal process, rather than finance alone.
- Balancing MeasureTermQI Balancing Metric, Counterbalance Measure
- A quality improvement metric tracked to ensure an improvement effort targeting one outcome does not inadvertently cause unintended harm elsewhere.
- Bargaining TheoryConceptNash Bargaining, Negotiation Theory
- Bargaining theory explains how negotiating parties divide the gains from reaching agreement, as when a payer and a manufacturer agree a drug price.
- Bariatric CentreTermWeight-Management Centre, Obesity Surgery Centre
- A specialist facility focused on treating severe obesity, offering surgical and non-surgical weight management with multidisciplinary support.
- Bariatric Surgery EconomicsTermWeight Loss Surgery Economics, Metabolic Surgery Economics
- The application of health economic evaluation to surgery for severe obesity, such as gastric bypass, typically offset over time by reduced comorbidities.
- Barrier to ImplementationTermImplementation Barrier, Adoption Barrier
- A specific factor impeding adoption of an evidence-based practice, such as inadequate resources, insufficient training, or resistance to changing workflows.
- Base CaseConceptBase-Case Scenario, Central Estimate
- The base case is a model's preferred set of inputs and assumptions and the primary results they produce, against which sensitivity analyses are compared.
- Base RateTermBase Payment Rate, Standard Rate
- The standard, unadjusted payment amount for a given payment classification, before any facility-specific or case-specific adjustment factors are applied.
- Baseline RiskTermBaseline Event Rate, Untreated Risk
- The probability of a clinical event occurring without the intervention being studied, typically estimated from a trial's comparator arm or observational data.
- Basic Reproduction NumberConceptR0, R₀, Basic Reproductive Number, Basic Reproduction Ratio
- The basic reproduction number is the expected number of secondary infections generated by a typical infectious individual introduced into a population at the model's specified disease-free state, under defined susceptibility, contact, and control conditions.
- Basket of CountriesTermCountry Basket, Comparator Basket
- The specific set of countries whose prices serve as the comparison reference when a country sets its own drug prices.
- Basket TrialConceptBasket Study
- A basket trial tests one targeted treatment in several diseases, usually tumour types, that share the same biomarker, with each disease forming a basket.
- Bathtub HazardConceptU-Shaped Hazard, Bathtub Curve
- A bathtub hazard is a U-shaped hazard that is high soon after an event such as surgery, falls to a lower stable level, then rises again as patients age.
- Baumol EffectConceptBaumol Cost Disease, Service-Sector Cost Disease, Cost Disease
- The Baumol effect is the rising relative cost of labour-intensive services such as health care as their pay tracks faster productivity growth elsewhere.
- Bayes TheoremConceptBayes Rule, Bayes Law
- Bayes theorem relates the probability of a hypothesis after observing evidence to its prior probability and the likelihood of that evidence under the hypothesis and its alternatives.
- Bayesian Adaptive DesignConceptBayesian Adaptive Trial, Bayesian Adaptive Clinical Trial
- Bayesian adaptive design is a clinical trial design in which pre-set rules on posterior or predictive probabilities trigger changes such as early stopping.
- Bayesian AnalysisConceptBayesian Inference, Bayesian Statistics
- Bayesian analysis combines a probability model for observed data with a prior distribution to produce a posterior distribution for unknown quantities.
- Bayesian Analysis CEAConceptBayesian CEA, Bayesian Cost-Effectiveness Analysis
- Bayesian cost-effectiveness analysis updates prior evidence on costs and health effects with new data to estimate net benefit and decision uncertainty.
- Bayesian Information CriterionConceptBIC, Schwarz Criterion
- Bayesian information criterion (BIC) ranks models fitted to the same data, such as HTA survival curves, by fit with a penalty that grows with sample size.
- Bayesian Meta-AnalysisConceptBayesian Evidence Synthesis, Bayesian Pooling
- Bayesian meta-analysis combines prior distributions with results from several studies to give posterior and predictive distributions for an effect.
- Bayesian OptimisationConceptBayesian Optimization, BayesOpt
- Bayesian optimisation seeks the inputs that optimise a costly function, such as a model's fit to calibration targets, using a surrogate to pick each run.
- Bed AssignmentTermBed Allocation, Patient Placement
- The process of allocating a specific hospital bed to an admitted patient based on their clinical needs and facility capacity.
- Bed CapacityTermInpatient Capacity, Bed Availability
- The total number of hospital or facility beds available to accommodate patients, a key measure of inpatient service delivery capacity.
- Bed Management SystemTermBed Tracking System, Capacity Management System
- A technology or process tracking and coordinating hospital bed availability and assignment, intended to optimise patient flow and capacity use.
- Bed TurnoverConceptBed Turnover Rate, Bed Use Factor
- Bed turnover is the number of discharges, including deaths, per available hospital bed over a period, using the average number of beds available.
- Bedside ReportingTermBedside Handoff, Bedside Handover
- A handoff practice in which clinical staff exchange patient information directly at the bedside, often with the patient participating.
- Beers CriteriaTermBeers List, Potentially Inappropriate Medication List
- An explicit, widely used list identifying medications considered potentially inappropriate for older adults, developed through formal expert consensus.
- Begg TestConceptBegg Rank Correlation Test, Begg and Mazumdar Test
- The Begg test is a rank correlation test (Kendall's tau) for small-study effects in a meta-analysis, a possible sign of publication bias.
- Behaviour ChangeTermBehavioural Change, Habit Modification
- A modification in an individual's actions or habits, whether patient, clinician, or staff, achieved through deliberate intervention design.
- Behaviour Change InterventionTermBCI, Behaviour Change Programme
- A programme modifying a specific health-related behaviour, such as diet or adherence, built from one or more discrete behaviour change techniques.
- Behaviour Change TechniqueConceptBCT, Behavior Change Technique
- A standardised, replicable component of an intervention designed to modify a specific health-related behaviour, such as goal-setting or self-monitoring.
- Behavioural AnalyticsTermBehavior Analytics, Behavioural Data Analytics
- The application of data analysis to understand and predict patterns in health-relevant human behaviour, such as medication adherence.
- Behavioural EconomicsTermBehavioral Economics, Psychology of Economic Decisions
- The study of how psychological, cognitive and social factors cause economic decisions to depart from the predictions of standard rational-choice theory.
- Behavioural Health Carve-OutTermBehavioral Health Carve-Out, Mental Health Carve-Out
- An insurance design arrangement in which mental health and substance use services are managed separately from general medical benefits.
- Behavioural TheoryTermBehavioral Theory, Theory of Economic Behaviour
- A body of theory describing how psychological factors and cognitive limits shape economic decisions, departing from the assumption of fully rational behaviour.
- Benchmark ComparisonTermComparative Benchmarking, Benchmark Analysis
- An evaluation of an organisation's performance relative to an established reference standard or peer group, identifying strengths and improvement areas.
- Benchmark DevelopmentTermBenchmark Setting, Reference-Standard Development
- The process of establishing a reference standard against which actual performance, cost, or outcomes can be measured and compared.
- Benchmark PriceTermBenchmark Spending Level, Target Price
- A target spending level for a defined population or service category, used to determine whether actual spending fell above or below expected.
- BenchmarkingConceptBenchmarking Process, Performance Benchmarking
- The process of comparing an organisation's performance metrics against peer organisations or established standards, identifying strengths and improvement areas.
- BeneficiaryTermCovered Individual, Plan Member
- An individual eligible to receive benefits under a specific health insurance plan or government programme, such as Medicare or Medicaid.
- Benefit AssessmentTermClinical Benefit Evaluation, Added Benefit Evaluation
- A formal evaluation of the clinical benefit a treatment provides relative to an appropriate comparator, used to inform reimbursement and pricing decisions.
- Benefit DesignConceptInsurance Benefit Structure, Plan Coverage Structure
- The overall structure of a plan's covered services, cost-sharing, and utilisation management features, determining the actual protection it provides.
- Benefit GapTermDoughnut Hole, Coverage Shortfall
- A period or cost category for which an insurance plan provides reduced or no coverage, requiring the enrollee to pay a larger share than usual.
- Benefit IncidenceTermBenefit Distribution Analysis, Spending Incidence
- An analysis examining how the benefits of public healthcare spending are distributed across population subgroups, such as income quintiles.
- Benefit LegislationTermMandated Benefit Law, Benefit Mandate
- A law establishing or modifying the specific healthcare services or protections that must be provided under an insurance programme.