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.
B
- Budget Impact ModellingConceptBudget Impact Modeling, BIA Modelling
- The practice of building and applying budget impact models to estimate the financial consequences of adopting a health technology.
- Budget Impact RequirementsTermBIA Submission Standards, Budget-Impact Evidence Requirements
- The specific evidentiary and methodological standards a body requires a manufacturer's budget impact submission to meet, covering time horizon and scenarios.
- 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 PlanningTermBudgetary Planning, Fiscal Planning
- The process of estimating future costs and revenues and allocating resources accordingly before a budget cycle begins.
- 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.
- Budget UnderrunTermBudget Underspend, Underspending
- Spending that falls short of the amount allocated in an approved budget, which may reflect efficient use or unmet need.
- Budget VarianceTermBudget Deviation, Spending Variance
- The difference between budgeted and actual spending or revenue over a given period.
- Bundled Episode PaymentTermEpisode-Based Bundled Payment, Episode Bundle
- A single, comprehensive payment covering all services during a defined clinical episode, such as a hip replacement and its post-operative care.
- Bundled PaymentTermBundled Payment Programme, Case-Rate Payment
- A payment arrangement in which a fixed total covers a defined package of related services, rather than billing each component separately.
- Bundled Payment InitiativeTermBundled Payment Pilot, BPCI
- A formal government or payer programme implementing bundled payment arrangements for specific conditions, testing its effect on coordination and cost.
- Burden of IllnessTermIllness Burden, Disease Impact
- The total impact of a disease on individuals and society, covering mortality, morbidity, and economic costs, commonly quantified using DALYs.
- Burn Care EconomicsTermBurn Injury Economics, Burn Treatment Economics
- The application of health economic evaluation to burn injury treatment, spanning acute wound management, skin grafting, and long-term rehabilitation.
- Burn CentreTermBurn Center, Burn Unit
- A specialist facility equipped for the intensive, multidisciplinary care required for severe burn injuries.
- Business Associate AgreementTermBAA, Data-Handling Agreement
- A legally required contract between a healthcare entity and a third party accessing protected health information, establishing how the data must be safeguarded.