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.

51–100 of 168 terms in B

B

Benefit LimitTermBenefit Cap, Coverage Ceiling
A maximum amount, in money or number of services, that an insurance plan will pay for a specific care category within a defined period.
Benefit PackageTermBenefits Package, Covered Services Set
The defined set of healthcare services a health plan or public system agrees to cover for its enrolled population.
Benefit PeriodTermCoverage Period, Benefit Year
A defined span of time, such as a calendar year, over which specific insurance terms, such as deductibles, apply before resetting.
Benefit RatingTermBenefit Grade, Clinical Value Grade
A formal classification reflecting a technology's clinical benefit magnitude relative to existing options, used to inform pricing and reimbursement.
Benefit TransferConceptBenefits Transfer, Value-Estimate Transfer
The practice of applying value estimates from one study context to a different but related policy context, rather than conducting a new valuation study.
Benefit-Cost RatioConceptBCR, Cost-Benefit Ratio
Benefit-cost ratio (BCR) is a health programme's monetised benefits divided by its costs, in present values, used to summarise a cost-benefit analysis.
Benefit-Risk AssessmentTermBenefit-Risk Analysis, Risk-Benefit Assessment
A structured evaluation comparing a technology's expected clinical benefits against its potential harms, used to inform approval and coverage decisions.
Bereavement SupportTermGrief Support, Bereavement Care
Services provided to family members after a patient's death, intended to help them cope with grief, commonly part of hospice care.
Best Available TreatmentTermBAT, Best Available Therapy
The most effective treatment currently accessible for a condition, used as the comparator against which a new intervention's incremental value is assessed.
Best Case AnalysisTermBest-Case Analysis, Optimistic Analysis
A sensitivity analysis setting every uncertain input simultaneously to the value most favourable to the intervention, producing the most optimistic result.
Best Case ScenarioTermOptimistic Scenario, Best-Case Assumptions
A combination of input assumptions representing the most favourable plausible circumstances for an intervention, used to illustrate a model's upper result bound.
Best Interest StandardTermBest Interests Principle, Patient Best-Interest Test
A decision-making principle for a surrogate acting for a patient lacking capacity, choosing the option that would most benefit their overall wellbeing.
Best PracticeTermLeading Practice, Proven Practice
A method that has consistently demonstrated superior results compared to alternatives, typically identified through rigorous evidence and professional consensus.
Best Practice AlertTermBPA, Care Reminder Alert
A computerised clinical decision support notification reminding a provider of a recommended, evidence-based action at an appropriate workflow point.
Best Practice IdentificationTermBest-Practice Discovery, Leading-Practice Identification
The process of systematically identifying methods that have consistently demonstrated superior results, through rigorous evidence review and professional consensus.
Best PriceTermLowest Acquisition Price, Manufacturer Lowest Price
A US Medicaid pricing benchmark, the lowest price a manufacturer sells a drug to any purchaser, used to calculate required rebates.
Best Supportive CareTermSupportive Care Only, Symptom-Directed Care
A treatment approach focused entirely on symptoms and quality of life, without treating the cancer itself, for patients unable to tolerate further treatment.
Best-in-ClassTermClass-Leading Treatment, Superior-in-Class Agent
A designation for the most effective or otherwise superior treatment within its therapeutic class, unlike a first-in-class treatment with a wholly new mechanism.
Best-Worst ScalingConceptBWS, MaxDiff Scaling
Best-worst scaling (BWS) is a stated preference method in which people pick the best and worst item in each set, to rank priorities or value health states.
Beta DistributionConceptBeta Probability Distribution, Beta Density
The beta distribution is a probability distribution on values between zero and one, used in decision models to represent uncertainty in probabilities.
Beta LevelConceptBeta Error Rate, Type II Error Probability
The predetermined acceptable probability of failing to detect a true effect, with one minus beta defining a study's statistical power.
Between-Patient AnalysisTermBetween-Group Analysis, Parallel-Group Comparison
A statistical comparison examining outcome differences across separate groups of different patients, unlike a within-patient comparison of the same individuals over time.
Between-Study HeterogeneityConceptStudy Heterogeneity, Inter-Study Variation
Between-study heterogeneity is variation in the underlying effects or parameters across studies beyond the variation expected from within-study sampling error.
Between-Subject VariationConceptInter-Individual Variation, Between-Person Variability
Between-subject variation is how much costs or outcomes differ from one patient to another, as opposed to variation in one person's repeated measurements.
Beveridge ModelConceptTax-Funded Model, National Health Service Model
The Beveridge model is a health system funded mainly by general taxation, with universal entitlement and largely public provision, as in the UK NHS.
BiasTermSystematic Deviation, Non-Random Error
A systematic, rather than random, deviation of a study's results from the true underlying value, arising from flaws in design, collection, or analysis.
Bias-Variance TradeoffConceptBias-Variance Dilemma, Bias-Variance Balance
The bias-variance tradeoff is how cutting systematic error (bias) tends to raise sampling variance, as in choosing HTA survival curves or subgroup inputs.
Biliary EconomicsTermBile Duct Economics, Gallbladder Economics
The application of health economic evaluation to conditions affecting the bile ducts and gallbladder, including gallstone disease and biliary obstruction.
Billed ChargesTermCharge Master Amount, Gross Charges, Charge
The amount a provider bills for a service, which often bears little relation to actual cost or the amount an insurer ultimately pays.
Binomial DistributionConceptBinomial Model, Binomial Probability Distribution
The binomial distribution models how many of a fixed number of patients have an event when each has the same probability and outcomes are independent.
BioavailabilityTermSystemic Availability, Bioavailable Fraction
The proportion of an administered drug dose that reaches the systemic circulation in an active form, influenced by administration route and absorption.
Biobank DataTermBiobank Records, Biorepository Data
Biological samples and associated health information collected from many individuals and stored for future research, often linked to genetic and clinical data.
Biochemical ResponseTermBiochemical Marker Response, Laboratory Response
A clinical outcome measure indicating a change in a laboratory-measured biochemical marker, such as a hormone or enzyme level, following treatment.
BioequivalenceTermBioequivalent, Pharmaceutical Equivalence
A regulatory standard requiring a generic product deliver the same amount of active ingredient at a similar rate as the reference product.
BioethicsTermHealth Care Ethics, Medical Ethics
In health economics, the study of ethical issues in health care, research and resource allocation, providing the normative grounding for priority setting and rationing.
BiologicTermBiological Drug, Biologic Drug, Biological Product
A medicinal product derived from living organisms, such as a protein, antibody, or vaccine, produced through biotechnological processes rather than chemical synthesis.
Biological TherapyConceptBiologic Therapy, Biotherapy
Treatment using a medicinal product made from or derived from a biological source, assessed for a specific indication, delivery pathway and patient outcome.
BiomarkerTermBiological Marker, Molecular Marker
A measurable biological indicator, such as a molecule or gene, objectively assessed to evaluate a normal process, disease, or treatment response.
Biomarker DevelopmentTermBiomarker Discovery, Biomarker Validation
The process of identifying, validating, and establishing the clinical utility of a biological indicator used to diagnose disease or predict treatment response.
Biomarker EndpointConceptBiomarker Outcome, Biomarker-Based Endpoint
An outcome measure based on a biological indicator, such as a lab test or imaging finding, used to assess a treatment's effect on physiology.
Biomarker Testing EconomicsTermBiomarker Diagnostics Economics, Molecular Testing Economics
The application of health economic evaluation to diagnostic tests identifying molecular or genetic markers used to guide treatment selection, most commonly in oncology.
BiosimilarTermFollow-on Biologic, Subsequent Entry Biologic
A biological product highly similar to an approved reference biologic, with no clinically meaningful differences in safety, purity, or potency.
Biosimilar ApprovalTermBiosimilar Authorisation, Biosimilar Licensing
The regulatory process by which a biosimilar, highly similar to an approved reference biologic with no meaningful clinical differences, gains marketing authorisation.
Biosimilar PricingTermBiosimilar Price Strategy, Biosimilar Discounting
The pricing strategies applied to biosimilar products, typically launched at a discount to the reference biologic's price to encourage uptake.
Biosimilar SubstitutionTermBiosimilar Interchange, Biosimilar Switching
Dispensing a biosimilar in place of a prescribed reference biologic without prescriber intervention, permitted only for biosimilars with interchangeability designation.
Biosimilar UptakeTermBiosimilar Adoption, Biosimilar Penetration
The rate at which a biosimilar is adopted into clinical use after market entry, influenced by pricing, physician familiarity, and payer policy.
Bipolar EconomicsTermBipolar Disorder Economics, Manic Depression Economics
The application of health economic evaluation to bipolar disorder, a chronic condition of alternating mania and depression episodes.
Bismarck ModelTermSocial Insurance Model, Sickness-Fund Model
A financing model, from Germany's 1883 legislation, funding healthcare through mandatory contributions to competing non-profit funds, with mixed provider delivery.
BLA SubmissionTermBiologics License Application, BLA Filing
The formal Biologics License Application submitted to regulators seeking approval to market a new biological product, detailing safety, efficacy, and manufacturing quality.
Black Box ModelTermOpaque Model, Non-Transparent Model
A model whose internal calculations and structure are not visible to external reviewers, so only its inputs and outputs can be observed.