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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- Black Box WarningTermBoxed Warning, FDA Boxed Warning
- The most serious US drug warning type, displayed prominently in a bordered box on prescribing information, highlighting significant serious risk.
- Blame-Free ReportingTermNo-Blame Reporting, Non-Punitive Reporting
- An approach to safety incident reporting emphasising systemic factors behind an error rather than assigning individual blame, encouraging more open reporting.
- Blended PaymentTermMixed Payment, Hybrid Payment Model
- An arrangement combining elements of two or more payment methodologies, such as fee-for-service and capitation, to balance incentives and risk.
- BlindingTermMasking, Treatment Masking
- A trial feature in which one or more parties, such as participants or assessors, are kept unaware of a given participant's treatment assignment.
- Block RandomizationConceptBlock Randomisation, Permuted Block Randomisation
- Block randomization is a restricted allocation method that randomly orders prespecified treatment counts within successive blocks to limit imbalance in assignment numbers during a trial.
- 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.
- Blood Safety CoverageTermBlood Supply Safety, Safe Blood Coverage
- A measure of the extent to which a health system's blood supply is adequately screened and managed for safe transfusion.
- Blood Transfusion ConsentTermTransfusion Consent, Blood Product Consent
- The specific informed consent process addressing the risks and alternatives of receiving a blood transfusion, obtained separately given its distinct risks.
- Body of EvidenceTermEvidence Body, Overall Evidence
- The complete collection of relevant studies addressing a particular clinical or health economic question, considered together rather than any single study alone.
- Bond FinancingTermHealthcare Bonds, Debt Financing
- The use of government or institutional bonds, debt repaid over time with interest, to fund large-scale healthcare infrastructure investment.
- Bone Infection EconomicsTermOsteomyelitis Economics, Bone Infection Cost Analysis
- The application of health economic evaluation to osteomyelitis, bone tissue infection typically requiring prolonged antibiotics and sometimes surgical intervention.
- 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 approximates the sampling distribution of an estimator by repeatedly recalculating it on samples drawn with replacement from the observed data or generated from a fitted model.
- Borrowing For HealthTermHealth-Related Borrowing, Medical Debt Borrowing
- A coping strategy in which a household takes on debt to cover healthcare costs, an indicator of financial distress.
- Bottom-Up Cost-of-IllnessTermBottom-Up COI, Prevalence-Based Bottom-Up Costing
- A cost-of-illness study estimating a disease's economic burden by aggregating detailed cost data collected at the individual patient level.
- Bottom-Up CostingConceptIngredient-Based Costing, Patient-Level Costing
- Bottom-up costing estimates the cost of care by measuring the resources used for a patient, service, or pathway and valuing each resource with an appropriate unit cost.
- Bounded Rationality ConceptTermBounded Rationality, Satisficing
- A theory that decision-makers face limits on information, cognitive capacity, and time, and so settle for satisfactory rather than optimal choices.
- Brain DrainTermHealth Worker Emigration, Workforce Outflow
- The emigration of highly trained healthcare workers from lower-resource to higher-income countries offering better pay, depleting origin countries' workforce capacity.
- BranchTermTree Pathway, Outcome Pathway
- A pathway within a decision tree representing one of the possible outcomes or choices available at a given node.
- Branching LogicTermPathway Logic, Model Routing Logic
- The rules within a decision-analytic model determining which pathway a hypothetical patient follows based on preceding chance or decision nodes.
- 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 ScreeningTermMammography Screening, Breast Screening
- A public health strategy using mammography and other imaging to detect breast cancer in asymptomatic women at defined age-based intervals.
- 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.
- Bubble DiagramTermInfluence Sketch, Model Sketch
- A simplified visual sketch of a decision-analytic model's structure, using labelled circles and arrows to depict health states before the full build.
- Budget AllocationTermBudget Distribution, Fund Allocation
- The process of distributing available financial resources across competing programmes, departments, or priorities within a health system.
- 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 CapTermBudget Ceiling, Programme Spending Cap
- A fixed upper limit on the total amount a payer will spend on a specific programme, drug class, or budget category.
- Budget ConstraintConceptSpending Limit, Fiscal Constraint
- The limit on combinations of goods, services or programmes that can be financed from a specified budget at given prices or costs.
- Budget ControlTermSpending Oversight, Budget Adherence
- The processes used to monitor and ensure actual spending remains within an approved budget, including reporting and variance analysis.
- Budget CycleTermBudgeting Cycle, Budget Process
- The recurring sequence of stages, typically preparation, approval, execution, and review, through which an organisation plans and manages its spending.
- Budget EnvelopeTermFunding Envelope, Spending Envelope
- A predetermined total amount of funding allocated to a programme or sector, within which detailed spending decisions are made.
- Budget ExecutionTermBudget Implementation, Budget Disbursement
- The process of implementing an approved budget, including disbursing funds, tracking expenditure, and keeping spending within authorised limits.
- 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
- A budget impact model estimates how introducing, removing, or changing use of a health technology will alter expenditure for a specified budget holder over a short- to medium-term planning horizon.
- Budget Impact Model PharmaTermManufacturer Budget Impact Model, Pharma BIM
- A budget impact model developed by a pharmaceutical manufacturer to project a product's financial consequences, typically submitted alongside a cost-effectiveness analysis.