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.
L
- Label ExtensionTermIndication Extension, Approved-Use Extension, Label Expansion
- An expansion of a drug's officially approved use to cover an additional population, indication, or dosing regimen not in its original approval.
- Laboratory DataTermLab Data, Lab Test Results
- Information derived from clinical laboratory testing, such as blood chemistry or biomarker assays, used to assess physiological status or treatment response.
- Laboratory Information SystemTermLIS, Lab Information System
- A specialist software system managing laboratory testing workflows, from sample tracking through result reporting, integrated with health records.
- Laboratory OutcomeTermLab Outcome, Lab-Based Outcome
- A clinical outcome derived from laboratory testing of blood, urine, or other biological samples, assessing physiological status or treatment response.
- Labour EfficiencyTermLabor Efficiency, Staff Efficiency
- A measure of how effectively an organisation uses staff time and effort to generate patient care activity, avoiding wasteful workforce use.
- LambdaTermCost-Effectiveness Threshold Symbol, WTP Ceiling Symbol
- The symbol conventionally used for the cost-effectiveness threshold, or willingness to pay per unit of health effect, in net monetary benefit analysis.
- Landmark AnalysisConceptLandmark Method, Landmark Survival Analysis
- A survival technique restricting analysis to patients event-free up to a predefined time point, then examining survival from that point forward.
- Language BarrierTermLinguistic Barrier, Communication Barrier
- An obstacle to healthcare arising from a mismatch between a patient's primary language and that used by providers or health materials.
- Large Group MarketTermLarge Employer Market, Large Group Insurance
- The insurance market segment serving employers above a defined size threshold, often with greater flexibility in plan design and pricing.
- Last Observation Carried ForwardConceptLOCF, Carry-Forward Imputation
- Last observation carried forward (LOCF) fills missing trial follow-up values with each participant's last observed value, assuming no change after dropout.
- Last-Line TreatmentTermLast-Line Therapy, End-of-Line Treatment
- The final treatment option considered after all other appropriate therapies have been exhausted or have failed to control disease.
- Late AdopterTermLaggard, Late Majority
- An individual or organisation beginning to use a new innovation relatively late in its diffusion, often facing greater scepticism or barriers.
- Late EffectsTermLong-Term Sequelae, Delayed Treatment Effects
- Health problems arising months or years after cancer treatment ends, resulting from the lasting impact of the disease or its treatment.
- Latent Class AnalysisConceptLCA, Mixture Modelling
- A technique identifying unobserved, categorical subgroups within a population from patterns of responses, assuming these fully explain the observed associations.
- Latent Class ModelConceptLCM
- A statistical model that assumes a population consists of unobserved subgroups with distinct preferences, estimating both each subgroup's traits and individual membership probability.
- Latent Growth ModelConceptLatent Growth Curve Model, Growth Trajectory Model
- A modelling framework representing an individual's trajectory using unobserved latent variables for starting level and rate of change, both varying across people.
- Latent PeriodTermLatency Period, Pre-Infectious Period
- The interval between exposure to an infectious agent and the point an infected person becomes capable of transmitting it to others.
- Latent Transition AnalysisConcept
- A technique modelling how individuals move between unobserved categorical subgroups over time, combining latent class analysis with a longitudinal framework.
- Latent VariableConceptLatent Construct, Unobserved Variable
- A latent variable is an unobserved quantity, such as health-related quality of life or preference class membership, estimated from observed indicators.
- Latin Hypercube SamplingConcept
- A sampling technique dividing each input's range into equally probable intervals and sampling each exactly once, giving more even coverage than simple random sampling.
- Launch PriceTerm
- The initial price at which a manufacturer introduces a new drug to a specific market, shaping both initial access and later reference pricing.
- Launch PricingTerm
- The overall strategy and process by which a manufacturer determines a new treatment's initial market price across its target markets.
- Launch SequencingTerm
- The strategic planning of the order a manufacturer introduces a treatment across national markets, influenced by international reference pricing linkages.
- Launch StrategyTermProduct Launch Strategy, Go-to-Market Strategy, Launch Plan
- The comprehensive plan a manufacturer develops for introducing a new treatment to market, covering pricing, market access, and evidence generation activities.
- Launch TimingTerm
- The strategic decision on when to introduce a new treatment to a specific market, influenced by regulatory, competitive, and reference pricing considerations.
- Law of Large NumbersConceptLLN, Law of Averages
- A theorem stating that as sample size increases, the sample average of a variable converges toward the true underlying population average.
- Lead IdentificationTerm
- An early drug discovery stage in which promising compounds from initial screening are characterised and prioritised for further development based on potency and selectivity.
- Lead OptimisationTermLead Optimization
- A drug discovery stage in which chemists modify a promising compound's structure to improve potency, selectivity, and pharmacokinetics before preclinical testing.
- Lead Time BiasTerm
- A bias in screening evaluations where earlier diagnosis appears to extend survival but only lengthens awareness of diagnosis, without delaying underlying disease progression.
- League TableTerm
- A table from a network meta-analysis displaying every treatment's estimated relative effect against every other treatment, organised for pairwise lookup.
- League Table ConstructionTermICER Ranking, League Table Assembly
- The process of assembling and ranking incremental cost-effectiveness ratios from multiple separate studies into a single comparative table to guide resource allocation.
- Leakage RateTermBenefit Leakage, Targeting Leakage
- The proportion of a targeted programme's total benefits that reach individuals outside its intended eligible population.
- Lean HealthcareTerm
- The application of lean management principles, from manufacturing, to healthcare process improvement, systematically identifying and eliminating waste in care delivery.
- Lean MethodologyTermLean, Lean Management
- A management approach, from manufacturing, focused on maximising value for the end customer while systematically minimising waste within a process.
- Least Squares ApproximationConceptLeast Squares, Ordinary Least Squares
- Least squares approximation estimates the coefficients of a chosen model by minimizing the sum of squared residuals between observed or target values and the corresponding model values.
- Leave-One-OutConcept
- A cross-validation form repeatedly refitting a model using all but one observation, using that observation to test accuracy, until each has served once.
- Left CensoringConcept
- A form of censoring in which an event is known to have occurred before an observed time, but its exact prior timing is unknown.
- Left TruncationConceptDelayed Entry, Late Entry
- Left truncation (delayed entry) occurs when people join a survival analysis risk set after time zero and are observed only if still event free at entry.
- Legal EvidenceTermLegal Documentation, Legal-Implications Evidence
- Documentation addressing the legal implications of an assessment decision, such as compliance with anti-discrimination or procedural fairness law.
- Legal FeasibilityTermLegal Viability, Legal-Framework Feasibility
- An assessment of whether a proposed policy is consistent with existing legal frameworks, or would require new legislative authority to implement.
- Legal HTA AdvisorTermHTA Legal Advisor, Legal Counsel to HTA
- An individual with specialised legal expertise guiding an assessment organisation on legal implications of its decisions and processes.
- Legal ReviewTermLegal Examination, Legal Compliance Review
- An examination of a proposed assessment decision or process to assess compliance with applicable legal requirements.
- Legal StandardsTermLegal Requirements, Statutory Standards
- The specific laws and regulations applicable to a healthcare organisation's operations, covering fraud prohibitions, privacy protections, and licensing requirements.
- Leishmaniasis EconomicsTerm
- The application of health economic evaluation to leishmaniasis, a sandfly-transmitted parasitic disease endemic to parts of the tropics and subtropics.
- Length BiasTerm
- A bias in screening evaluations arising because screening preferentially detects slower-growing cases that stay detectable longer, while aggressive cases are more often missed.
- Length of StayTermLOS, Hospital Stay Duration
- The total duration of a single patient's hospital admission, from the date of admission to the date of discharge.
- Length Of Stay ManagementTermLOS Management, Stay Reduction
- Strategies used to appropriately manage and, where clinically suitable, reduce hospitalisation duration, through care coordination and discharge planning.
- Length of Stay ReviewTermLOS Review, Stay Duration Audit
- An evaluation of a hospitalisation's duration relative to what would typically be expected, identifying efficiency opportunities or investigating prolonged stays.
- LevelTerm
- A specific value an attribute can take within a discrete choice experiment, such as a waiting time of two weeks versus six.
- Level of DetailTermDetail Level, Model Resolution
- The degree of granularity with which a decision-analytic model represents disease states, events, and population characteristics.