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.
E
- Early Access SchemeTermEAMS, Pre-Approval Access Scheme, Early Access Programme
- A regulatory programme letting patients with a life-threatening condition access a promising unlicensed medicine before full marketing authorisation, based on preliminary evidence.
- Early AdopterTermEarly User, Lead Adopter
- An individual or organisation beginning to use a new innovation relatively early in its diffusion, often serving as an influential opinion leader.
- Early AwarenessTermEarly Signal Detection, Emerging Technology Awareness
- The initial identification of a new or emerging technology with significant future implications, before it reaches regulatory approval or wide use.
- Early Awareness SystemTermEAAS, Early Warning System
- A structured, ongoing process systematically identifying and tracking new technologies before market entry, giving health systems advance notice of implications.
- Early DetectionTermEarly Diagnosis, Timely Detection
- The identification of a disease, most commonly cancer, at an earlier stage than would otherwise occur, typically through screening or symptom awareness.
- Early Health Technology AssessmentConceptEarly HTA, Early Modelling
- The assessment of a health technology during development to inform design, evidence generation, pricing and market-access strategy.
- Early InterventionTermEarly Treatment, First-Episode Intervention
- A mental health care approach emphasising identifying and treating conditions at their earliest stages, often targeting first signs of serious illness.
- Early Pharmacy PracticeTermHistorical Pharmacy Practice, Apothecary Practice
- The initial, pre-professionalised stage of pharmacy practice, in which apothecaries prepared and dispensed medications without standardised education or oversight.
- Earmarked TaxationTermHypothecated Tax, Dedicated Health Tax
- A tax whose revenue is legally designated for a specific purpose, such as healthcare, rather than a government's general revenue fund.
- Eating Disorder EconomicsTermEating Disorder Cost-Effectiveness, Anorexia and Bulimia Economics
- The application of health economic evaluation to eating disorders, covering psychotherapy, medical monitoring, and severe-case specialist inpatient treatment.
- Ecological BiasTermEcological Fallacy, Cross-Level Bias, Aggregation Bias
- A distortion arising when group-level associations are wrongly assumed to apply to individuals within those groups, potentially reversing the true relationship.
- Ecological DesignTermEcological Study, Group-Level Study
- An observational design analysing data at group or population level, such as regions, examining group-level exposure against group-level outcome rates.
- Economic BurdenTermCost Burden, Societal Cost Burden
- The total cost imposed on a health system, individuals, or society by a specific disease, injury, or risk factor.
- Economic ChoiceTermChoice Under Scarcity, Economic Decision
- A decision made among competing alternatives under scarcity, guided by the relative costs and benefits of each option.
- Economic Data HealthTermHealth Economic Data, Cost and Resource Data
- Data specifically capturing the costs, resource use, and financial aspects of healthcare delivery, distinct from clinical outcome data.
- Economic EvaluationConceptHealth Economic Appraisal, Cost-Outcome Analysis
- Economic evaluation, often called health economic evaluation, compares the costs and outcomes of healthcare options to judge which offers the best value.
- Economic EvidenceTermCost-Effectiveness Evidence, Value Evidence
- Data and analysis addressing the costs, resource use, and cost-effectiveness of health interventions, distinct from clinical evidence on safety and efficacy alone.
- Economic Evidence RequirementsTermEconomic Submission Requirements, Cost-Evidence Standards
- The specific standards an assessment body sets regarding the type, quality, and format of economic evidence a manufacturer must submit.
- Economic GoodTermEconomic Commodity, Priced Good
- In health economics, any scarce good or service that commands a price and is subject to allocation choices, classified by rivalry, excludability and how consumers come to know its quality.
- Economic IncentiveTermFinancial Inducement, Behavioural Incentive
- A financial or non-financial inducement designed to encourage a particular decision or behaviour.
- Economic Life YearsTermHuman-Capital Life Years, Years of Economic Productivity
- A measure of the years an individual is expected to contribute economically productive activity, used in human capital approaches to valuing lost life.
- Economic Model SubmissionTermModel Submission, Cost-Effectiveness Model Dossier
- A formal submission of a health economic decision-analytic model, with supporting documentation, provided as part of a coverage application.
- Economic Model TypeTermModel Category, Decision-Analytic Structure
- The general category of decision-analytic structure, such as a decision tree, Markov model, or transmission model, chosen for a given evaluation.
- Economic Modelling HTATermHTA Modelling, Decision-Analytic Modelling in HTA
- The application of decision-analytic modelling techniques within the assessment process, used to estimate a technology's cost-effectiveness.
- Economic PolicyTermEconomic Governance, Fiscal and Allocation Policy
- A set of governmental choices affecting resource allocation, incentives, financing and economic activity.
- Economic PrincipleTermEconomic Foundation, Foundational Economic Proposition
- In health economics, a foundational proposition about how scarce resources are allocated, such as scarcity, opportunity cost and efficiency, underpinning the economic evaluation of health interventions.
- Economic ReviewTermEconomic Evidence Review, Cost-Effectiveness Review
- An evaluation of the economic evidence, including a submitted cost-effectiveness analysis, typically conducted by an independent technical reviewer.
- Economies of ScaleTermScale Economies, Falling Average Cost
- A situation in which average cost of production falls as output rises, typically because fixed costs are spread across greater volume.
- Edge Case TestingTermCorner-Case Testing, Extreme-Input Testing
- A verification technique deliberately running a model using extreme or boundary input values, such as a probability of exactly zero or one.
- Effect EstimateTermEstimated Effect, Association Estimate
- A calculated numerical value representing the estimated magnitude of association between an exposure or treatment and an outcome, drawn from a specific study.
- Effect Measure ModificationTermMeasure-Dependent Effect, Non-Collapsibility
- A situation where an exposure-outcome association's magnitude differs by which effect measure is used, such as relative risk versus risk difference.
- Effect ModificationTermStatistical Interaction, Moderation
- A situation where an exposure's effect on an outcome genuinely differs across levels of a third variable, unlike confounding, which is a bias.
- Effect SizeConceptMagnitude of Effect, Standardised Effect
- An effect size is a measure of the magnitude of an association or intervention effect for a specified outcome, comparator, population, and scale.
- Effect Size EstimationConceptEstimating Effect Magnitude, Effect Quantification
- The statistical process of calculating a quantitative measure of a treatment effect's magnitude, often standardised to allow comparison across differing measurement scales.
- Effective CoverageTermOutcome-Weighted Coverage, Effective Reach
- A measure of the proportion of a target population that both received an intervention and experienced the health gain it is intended to produce.
- Effective Reproduction NumberConceptRt, Time-Varying Reproduction Number
- The average number of secondary infections from one infected person in a population not entirely susceptible, accounting for existing immunity or control measures.
- Effective Sample SizeConceptESS, Equivalent Random-Sample Size
- The sample size a simple random sample would need to match the precision of an actual sample from a more complex design, such as clustered.
- EffectivenessConceptReal-World Benefit, Routine-Practice Benefit
- The benefits and harms an intervention produces under care conditions relevant to a specified population, comparator, outcome and time horizon.
- Effectiveness EvaluationTermReal-World Performance Assessment, Effectiveness Appraisal
- An assessment of how well a treatment performs under routine clinical practice conditions, typically using observational data or pragmatic trial designs.
- Effectiveness EvidenceTermReal-World Performance Evidence, Practice-Based Evidence
- Data demonstrating how well an intervention performs under real-world practice conditions, unlike efficacy evidence from controlled trial conditions.
- Effectiveness OutcomeTermReal-World Outcome, Pragmatic Outcome
- A clinical outcome measured under real-world, routine practice conditions, reflecting how a treatment performs across a diverse patient population.
- Effectiveness ResearchTermEffectiveness Studies, Real-World Effectiveness Studies
- Research evaluating how treatments perform in routine practice, distinguishing effectiveness observed under real-world conditions from efficacy demonstrated in controlled trials.
- Effectiveness StudyTermReal-World Study, Broad-Eligibility Study
- A research study assessing how well an intervention performs under real-world, routine clinical practice conditions, typically with broader eligibility and less monitoring.
- EfficacyTermTrial Benefit, Ideal-Condition Benefit
- The extent to which an intervention produces a beneficial result under the ideal, controlled conditions of a clinical trial.
- Efficacy EvaluationTermEfficacy Assessment, Controlled-Condition Appraisal
- An assessment of a treatment's effect under the controlled, idealised conditions of a clinical trial, estimating its maximum potential benefit.
- Efficacy EvidenceTermControlled-Trial Evidence, Ideal-Condition Evidence
- Data demonstrating an intervention's effect under the controlled, often idealised conditions of a clinical trial.
- Efficacy OutcomeTermControlled-Condition Outcome, Ideal-Setting Outcome
- A clinical outcome measured under the controlled, often idealised conditions of a trial, representing the maximum potential benefit achievable.
- Efficacy-Effectiveness GapTermEfficacy-Effectiveness Difference, Trial-to-Practice Gap
- The observed difference between a treatment's trial-demonstrated benefit and its actual benefit once used in routine clinical practice.
- EfficiencyConceptProductive Resource Use, Value from Resources
- Efficiency is getting the most health or other valued outcomes from scarce healthcare resources, avoiding waste and allocating them to their best uses.
- Efficiency EvaluationTermEfficiency Assessment, Input-Output Appraisal
- An assessment of how effectively a provider, programme, or system converts inputs into outputs, typically benchmarked against best-practice performance elsewhere.