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.
I
- Inflation RateTermRate of Inflation, Price Inflation
- The percentage rate at which the general level of prices for goods and services rises over a given period.
- Influential ObservationTermInfluential Point, High-Influence Observation
- A data point that, if removed, would substantially change a statistical analysis's results, such as a regression model's estimated coefficients.
- Influenza EconomicsTermFlu Economics, Economics of Influenza
- The application of health economic evaluation to seasonal and pandemic influenza, covering annual vaccination programmes and antiviral treatment strategies.
- Informal Care CostTermUnpaid Care Cost, Informal Caregiving Cost
- The economic value of unpaid caregiving time from family or friends, typically estimated using replacement cost or the carer's forgone time.
- Informal Care EconomicsTermEconomics of Informal Care, Unpaid Care Economics
- The application of health economic evaluation to unpaid care from family or friends, covering both caregiving time and its effect on the carer.
- Information AsymmetryConceptAsymmetric Information, Information Imbalance
- Information asymmetry occurs when one party to an economic decision has more or better information than another, affecting choices, bargaining power and the efficiency of resulting outcomes.
- Information BarrierTermAwareness Barrier, Information Access Obstacle
- An obstacle to healthcare arising from a lack of adequate information, whether about available services, one's condition, or the system.
- Information BiasConceptObservation Bias, Ascertainment Bias
- A category of bias from errors in how exposure, outcome, or covariate data are measured or recorded, including recall bias and measurement error.
- Information EconomicsTermEconomics of Information, Info Economics
- The branch of economic theory examining how the distribution of information among market participants affects outcomes, including adverse selection and moral hazard.
- Informed ConsentTermVoluntary Consent, Consent to Participate
- The process by which a potential participant is given enough information about a study to make a voluntary, informed decision to join.
- Informed Consent for ResearchConceptResearch Participation Consent, Study Consent Process
- A voluntary, informed and ongoing agreement to participate in specified research after an understandable explanation and opportunity to decide freely.
- Informed RefusalTermTreatment Refusal, Informed Declination
- A patient's decision to decline recommended treatment after being given sufficient information about its risks, benefits, and alternatives.
- Infusion CentreTermInfusion Clinic, IV Therapy Centre
- A specialist facility dedicated to administering intravenous medications, such as chemotherapy or biologic infusions, typically on an outpatient basis.
- InhalationTermInhaled Administration, Respiratory Route
- A route of drug administration delivering medication directly to the lungs through breathing, commonly used for asthma and chronic obstructive pulmonary disease.
- InitializationTermModel Initialisation, Starting-State Setup
- The process of specifying a model's starting conditions, such as how a simulated cohort is distributed across health states at the outset.
- Injury EpidemiologyTermInjury Surveillance, Trauma Epidemiology
- A branch of epidemiology studying the distribution, causes, and prevention of injuries, both unintentional, such as falls, and intentional, such as assault.
- Injury Prevention EconomicsTermEconomics of Injury Prevention, Safety Intervention Economics
- The application of health economic evaluation to programmes reducing unintentional and intentional injuries, spanning road, workplace, and violence prevention.
- Inner LoopTermInner Simulation Loop, Conditional Loop
- The portion of a nested simulation running a complete analysis for each parameter set drawn in an outer loop, used in value of information calculations.
- InnovationTermNew Idea Introduction, Value-Creating Novelty
- The introduction of a new idea, technology, or method that creates value, from incremental improvement to fundamental, disruptive change.
- Innovation AdoptionTermTechnology Adoption, Adoption of Innovation
- The process by which a new technology or practice becomes accepted and integrated into routine clinical use over time.
- Innovation AssessmentTermInnovation Evaluation
- An evaluation of how far a new technology advances on the existing standard of care, informing whether its novelty justifies additional cost.
- Innovation CriterionTermInnovation Weighting, Novelty Criterion
- A standard giving additional weight to a technology's genuinely novel characteristics, such as a new mechanism addressing unmet need.
- Innovation CycleTermInnovation Lifecycle, Technology Development Cycle
- The recurring process through which new technologies are conceived, developed, tested, approved, and eventually superseded by later innovations.
- Innovation PremiumTermNovelty Premium, Innovation Price Premium
- The additional price a manufacturer charges for a genuinely novel treatment relative to existing alternatives, reflecting incremental clinical benefit and development investment.
- Innovative TreatmentTermNovel Treatment, Pioneering Treatment
- A technology introducing a genuinely novel approach to a condition, unlike an incremental modification of an existing treatment.
- Innovative ValueTermNovelty Value, Innovation Value Component
- A component of a technology's value reflecting genuinely novel characteristics, such as an entirely new mechanism addressing unmet need.
- Inpatient CareTermAdmitted Patient Care, Overnight Hospital Care
- Healthcare services provided to a patient formally admitted to hospital, typically requiring at least one overnight stay, unlike outpatient care.
- Inpatient ManagementTermWard Management, Admitted Patient Management
- The clinical and administrative processes coordinating and delivering care to hospitalised patients, covering admission, coordination, and discharge planning.
- Inpatient Quality IndicatorTermIQI, Hospital Quality Indicator
- A standardised measure assessing inpatient stay care quality, covering hospital mortality, procedure utilisation, and complex procedure volume.
- Inpatient RehabilitationTermIRF Care, Acute Rehabilitation
- Intensive, multidisciplinary rehabilitative care for a hospitalised patient recovering from a significant illness, injury, or surgery, in a dedicated unit.
- Inpatient SurgeryTermAdmitted Surgery, Overnight Surgery
- A surgical procedure performed on a patient formally admitted to hospital, typically requiring at least one overnight stay, unlike outpatient surgery.
- Input InterfaceTermModel Input Panel, Model Input Screen
- The component of a health economic model allowing a user to enter or adjust parameter values without altering the underlying structural code.
- Institutional PerspectiveTermHospital Perspective, Provider Institution Perspective
- An analytic viewpoint including only costs and outcomes relevant to a single institution, such as a hospital, rather than the broader health system.
- Institutional Review BoardTermIRB, Research Ethics Board
- A formally constituted committee responsible for reviewing and approving human subjects research, ensuring risks are minimised and informed consent is adequate.
- Instrumental Activities of Daily LivingTermIADL, Complex Daily Activities
- Activities required for independent living beyond basic self-care, such as managing finances and using transport, distinct from basic activities of daily living.
- Instrumental VariableConceptIV, Instrument
- An instrumental variable is a variable that changes treatment or exposure uptake while, under specified causal assumptions, being independent of potential outcomes and affecting the outcome only through that treatment or exposure.
- Instrumental Variable AnalysisConceptIV Analysis, IV Estimation
- Instrumental variable analysis is a causal estimation approach that uses variation in treatment or exposure induced by a qualifying instrument to estimate an effect under explicit identification and modelling assumptions.
- Instrumental Variable DesignTermIV Design, Instrument-Based Design
- A study design using a variable affecting treatment assignment but with no direct outcome effect, to estimate causal effects despite unmeasured confounding.
- Insulin CostTermCost of Insulin, Insulin Price
- The price of insulin required for diabetes management, a significant and closely scrutinised component of overall diabetes treatment cost.
- Insulin EconomicsTermEconomics of Insulin, Insulin Therapy Economics
- The application of health economic evaluation to insulin therapy, comparing formulations, delivery devices, and treatment regimens for diabetes management.
- Insulin Pump EconomicsTermInsulin Pump Therapy Economics, CSII Economics
- The application of health economic evaluation to insulin pump therapy, a device delivering insulin more precisely than multiple daily injections.
- Insurance Appeal ProcessTermClaim Appeal Procedure, Coverage Appeal Process
- The formal procedure through which an insured individual can challenge a denied claim or coverage decision, requesting reconsideration.
- Insurance Coverage GapTermCoverage Lapse, Uninsured Period
- A period during which an individual lacks any health insurance, whether from a job transition, lost programme eligibility, or another disruption.
- Insurance MandateTermHealth Insurance Requirement, Statutory Coverage Requirement
- A general term for a legal requirement that individuals maintain, or employers offer, health insurance coverage.
- Insurance PolicyTermPolicy Contract, Insurance Contract
- A contractual arrangement in which an individual pays a periodic premium for financial protection against specified future events, up to defined terms.
- Insurance ValueTermFinancial Risk Value, Risk-Protection Value
- A component of a technology's value reflecting the benefit patients receive from reduced financial risk, distinct from direct clinical benefit.
- Intangible CostConceptNon-Financial Cost, Psychosocial Cost
- A cost representing the non-financial burden of illness or treatment, such as pain or reduced quality of life, that is hard to value in money.
- Integer ProgrammingConceptInteger Optimisation, Discrete Optimisation
- Integer programming chooses which indivisible health programmes or medicines to fund to maximise health gain, such as QALYs, within a fixed budget.
- Integrated CareTermCare Integration, Joined-Up Care
- A care delivery model coordinating services across different providers, settings, and health system levels for a more seamless patient experience.
- Integrated Decision AnalysisTermCombined Decision Analysis, Unified Decision Model
- A decision analysis that combines clinical, economic, and patient preference data into a single model rather than separate analyses.