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.
C
- Cost-Effectiveness AnalysisConceptCEA, Cost per Outcome Analysis
- Cost-effectiveness analysis compares healthcare options by the extra cost of each extra unit of health gained, such as cost per life-year gained.
- Cost-Effectiveness CriterionTermCE Criterion, Value Threshold Standard
- The specific standard, typically a threshold, an assessment body uses to judge whether a technology's ICER represents acceptable value for money.
- Cost-Effectiveness FrontierConceptCE Frontier, Cost-Effectiveness Efficiency Frontier, Efficient Frontier in Cost-Effectiveness Analysis
- The cost-effectiveness frontier is the boundary of feasible strategies whose expected cost and effect combinations are not ruled out by strict or extended dominance under a specified decision framework.
- Cost-Effectiveness League TableTermCE League Table, ICER League Table
- A ranked list comparing incremental cost-effectiveness ratios across many separate studies, intended to help prioritise resource allocation across a health system.
- Cost-Effectiveness PlaneConceptCE Plane, Incremental Cost-Effect Plane
- The cost-effectiveness plane graphs incremental cost (y-axis) against incremental effect (x-axis); its four quadrants show dominance or a trade-off.
- Cost-Effectiveness PolicyTermCE Policy Analysis, Cost-Effectiveness Appraisal Policy
- A policy analysis approach comparing costs and non-monetary outcomes, such as health gains, without converting outcomes into monetary terms.
- Cost-Effectiveness ThresholdConceptCE Threshold, ICER Threshold, Cost per QALY Threshold
- A cost-effectiveness threshold is the maximum cost per QALY gained that a health system treats as value for money when deciding which treatments to fund.
- Cost-Minimisation AnalysisConceptCMA, Cost-Minimization Analysis
- Cost-minimisation analysis compares only the costs of healthcare options, and is valid only when evidence shows their health outcomes are equivalent.
- Cost-of-Illness StudyConceptCOI Study, Burden of Disease Costing
- A cost-of-illness study estimates the economic burden of a disease, including healthcare costs, patient and carer costs, and lost productivity.
- Cost-Offset AnalysisTermCost Offset Study, Savings Offset Analysis
- An analysis examining whether the extra cost of an intervention is partly or fully offset by savings elsewhere, such as fewer hospital admissions.
- Cost-Plus PricingTermCost-Plus Markup, Full-Cost Pricing
- A cost-based pricing form adding a fixed markup percentage or amount to production cost to determine the selling price.
- Cost-Sharing ReductionTermCSR, Cost-Sharing Subsidy
- A policy or benefit feature lowering the out-of-pocket amount a patient pays for healthcare, typically targeted at lower-income individuals.
- Cost-to-Charge RatioConceptCCR, Cost-Charge Ratio
- A cost-to-charge ratio is a provider accounting cost divided by its corresponding billed charges for a defined set of services and period, used to estimate costs from charge data when direct patient-level costs are unavailable.
- Cost-Utility AnalysisConceptCUA, QALY-Based Cost-Effectiveness
- Cost-utility analysis is an economic evaluation that measures health gains in quality-adjusted life years (QALYs) and reports cost per QALY gained.
- Country-Specific Value SetTermNational Value Set, Country Tariff
- A set of utility weights derived from a representative sample of a particular country's population, used to convert instrument responses into a utility score.
- Coverage BroadeningTermBreadth Expansion, Population-Reach Expansion
- An expansion in the proportion of a population covered by a health financing scheme, one dimension of progress toward universal health coverage.
- Coverage DecisionConceptFunding Decision, Payer Coverage Ruling, Coverage Determination
- The formal determination by a payer or assessment body regarding whether, and under what conditions, a technology will be reimbursed.
- Coverage DeepeningTermDepth Expansion, Service-Range Expansion
- An expansion in the range of services covered or depth of financial protection provided by a scheme, distinct from population breadth.
- Coverage ErrorTermFrame Error, Coverage Bias
- A survey error arising when the sampling frame used does not fully or accurately represent the target population, excluding or wrongly including groups.
- Coverage ExpansionTermCoverage Extension, Scope Expansion
- An increase in the scope of individuals eligible for insurance, the services covered, or both, typically achieved through policy change.
- Coverage GapTermMedicare Part D Doughnut Hole, Prescription Coverage Band
- A period or category of drug spending for which a plan provides reduced or no coverage, notably within the US Medicare Part D benefit.
- Coverage Gap AnalysisTermService Gap Analysis, Unmet-Need Analysis
- An examination of the difference between health services a population needs and those it actually receives, identifying improvement priorities.
- Coverage PolicyTermCoverage Rules, Reimbursement Policy Rules
- The overall set of rules a payer establishes governing which services and treatments will be reimbursed, and under what conditions.
- Coverage SubmissionTermCoverage Application, Funding Submission
- A formal application submitted by a manufacturer presenting clinical and economic evidence supporting a request for coverage of a technology.
- Covered EntityTermRegulated Entity, Privacy-Regulated Organisation
- A US legal classification covering providers, health plans, and clearinghouses subject to specific patient health information protection requirements.
- Covered ServiceTermCovered Benefit, Reimbursable Service
- A healthcare service for which an insurance plan has agreed to pay, subject to the plan's specific terms and cost-sharing requirements.
- COVID EconomicsTermCOVID-19 Economics, Coronavirus Economics
- The application of health economic evaluation to COVID-19, covering vaccination programmes, treatment strategies, and public health interventions such as testing.
- Cox Proportional HazardsConceptCox Model, Cox Regression
- The Cox proportional hazards model is a semiparametric survival model that relates covariates to the instantaneous event rate while leaving the baseline hazard unspecified.
- Cox-Snell ResidualConceptCox-Snell Residuals
- A Cox-Snell residual is a survival model's fitted cumulative hazard at a patient's observed time, used to check overall fit against a unit exponential.
- CRE EconomicsTermCarbapenem-Resistant Enterobacteriaceae Economics, CRE Cost-Effectiveness
- The application of health economic evaluation to carbapenem-resistant Enterobacteriaceae infections, a highly drug-resistant bacterial group posing a serious resistance threat.
- Cream SkimmingConceptCherry Picking, Favourable Risk Selection
- Cream skimming is when an insurer or provider attracts people expected to cost less than it is paid for them and deters those expected to cost more.
- Credence GoodTermCredence Product, Trust Good
- A good whose quality or necessity cannot be reliably judged by the consumer even after purchase, since doing so needs specialist expertise they lack.
- Credential VerificationTermPrimary Source Verification, Credential Check
- The process of independently confirming a healthcare provider's claimed education, training, licensure, and professional history before granting practice privileges.
- CredentialingTermPrivileging, Qualification Verification
- The overall process by which an organisation verifies and evaluates a provider's qualifications before authorising them to practice within it.
- Credibility AssessmentConceptCredibility Evaluation, Model Trustworthiness Review
- An overall evaluation of whether a model's structure, evidence base, and validation results provide enough confidence to inform a real decision.
- Credible IntervalConceptBayesian Interval, Posterior Interval
- A credible interval is a set of parameter values containing a stated share of the posterior probability under a specified Bayesian model and observed data.
- Credible Interval EstimationConceptBayesian Interval Estimation, Posterior Interval Estimation
- The Bayesian process of calculating a range of plausible values for a parameter based on its estimated posterior probability distribution.
- Crisis InterventionTermCrisis Care, Acute Crisis Response
- A short-term, intensive treatment for an acute mental health crisis, intended to stabilise the situation and connect the individual with ongoing care.
- CRISPRTermCas9 System, Guided Genome Editing
- A gene editing technology using a guided enzyme system to precisely target and modify specific DNA sequences, underlying a growing gene therapy pipeline.
- Criterion ValidityConceptCriterion-Related Validity, Reference-Standard Validity
- Criterion validity is the degree to which a measure's scores agree with a gold standard for the same concept, assessed at the same time or later.
- Critical Access HospitalTermCAH, Small Rural Hospital Designation
- A designation for small, rural hospitals meeting defined criteria, qualifying them for enhanced Medicare reimbursement to support financial viability.
- Critical AppraisalTermStudy Appraisal, Evidence Critical Review
- The systematic process of carefully and objectively assessing a research study's trustworthiness, relevance, and results before using it to inform a decision.
- Critical Care EconomicsTermIntensive Care Economics, ICU Economics
- The application of health economic evaluation to intensive care unit treatment and staffing, an area marked by exceptionally high per-patient costs.
- Critical ValueConceptRejection Threshold, Significance Cutoff
- A critical value is a cutoff on a test statistic's reference distribution that defines a rejection boundary for a specified hypothesis test and error level.
- Crohn Disease EconomicsTermCrohn's Disease Economics, IBD Economics
- The application of health economic evaluation to Crohn's disease, comparing conventional immunosuppressive therapy against newer, more targeted biologic treatments.
- Cross Validity AssessmentTermCross-Validity Check, Generalisation Assessment
- An evaluation of whether a model's predictions remain accurate when applied to a different but related dataset or population than the original.
- Cross-Price ElasticityConceptCross-Elasticity of Demand, Cross Elasticity
- Cross-price elasticity measures how demand for one good responds to a change in another good's price: positive for substitutes, negative for complements.
- Cross-Sectional DataTermCross-Sectional Dataset, Snapshot Data
- Data collected from a population at a single point in time, capturing exposure and outcome status simultaneously without following individuals over time.
- Cross-Sectional DesignConceptPrevalence Study Design, Point-Prevalence Design
- A cross-sectional design is an observational design that measures exposure and outcome in a population at one point in time, often to estimate prevalence.
- Cross-Sectional StudyTermPrevalence Study, Point-in-Time Study
- A study examining a defined population at a single point in time, measuring prevalence without following participants over time.