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.
M
- Mixture ModelConceptFinite-Component Mixture, Probabilistic Mixture
- A statistical model representing a population as a combination of two or more distinct subgroups, each following its own underlying distribution.
- Mobile HealthTermmHealth, Health on Mobile
- The use of mobile devices, such as smartphones, to support healthcare delivery and public health practice, from reminders to disease management.
- Mobile Health AppTermSmartphone Health App, Health Application Software
- A software application for use on a mobile device to support health-related goals, from wellness tracking to disease management functionality.
- Mobile Health DataTermmHealth Data, App-Generated Data
- Health-related information collected through smartphone apps or sensors, capturing activity, symptoms, or adherence in real time outside clinical settings.
- ModeTermModal Value, Most Frequent Value
- A central tendency measure representing the most frequently occurring value within a dataset.
- Mode Of AdministrationTermSurvey Delivery Format, Questionnaire Delivery Mode
- The specific format used to deliver a health status questionnaire, such as self-completion on paper, telephone interview, or electronic survey.
- Model Acceptance TestingTermStakeholder Sign-Off, Final Model Review
- A model validation stage in which a completed model is formally reviewed and approved by relevant stakeholders before its results are used.
- Model AdaptationTermModel Repurposing, Setting Transfer
- The process of modifying an existing model, built for one country, so it validly reflects the practice, costs, and population of another.
- Model ArchivingTermModel Archival, Version Storage
- The practice of preserving a complete, documented copy of a model, including its code and data, in a stable, retrievable format.
- Model AssumptionTermModelling Assumption, Structural Premise
- A simplifying premise built into a model's structure or parameter values, adopted because the true underlying reality is unknown or too complex.
- Model AuditTermModel Quality Check, Model Inspection
- An independent, systematic review of a model's structure, code, and data by a party uninvolved in its original construction, to catch errors.
- Model AveragingConceptBMA, Ensemble Averaging
- A statistical technique combining predictions from several plausible candidate models, weighted by their relative statistical support, rather than relying on one selected model.
- Model CodeTermModel Programming, Implementation Code
- The complete set of programming instructions or spreadsheet formulas that implement a health economic model's calculations.
- Model ConceptualizationTermConceptual Modelling, Problem Conceptualisation
- The initial stage of model development in which the disease process and decision problem are structured into a framework before technical build.
- Model DiagnosticsConceptDiagnostic Checks, Fit Diagnostics
- A set of statistical and technical checks assessing a model's performance, such as poor calibration or unstable results under minor input changes.
- Model DocumentationTermModel Write-Up, Model Dossier
- Written material describing a model's structure, assumptions, data sources, and validation results in enough detail for independent review.
- Model ExtensionTermModel Expansion, Scope Extension
- The process of adapting an existing model to address a new but related decision question, such as an additional patient population.
- Model For ImprovementTermMFI, Improvement Model
- A quality improvement framework combining aim, measures, and change questions with the iterative plan-do-study-act cycle for testing changes.
- Model HorizonTermModelling Horizon, Projection Period
- The total length of time over which a decision-analytic model simulates costs and outcomes, from short-term to full lifetime.
- Model IntegrationTermModel Coupling, System Integration
- The process of combining separate model components, such as a short-term decision tree and a longer-term Markov model, into one framework.
- Model InterfaceTermModel Front-End, User Input Layer
- The point of interaction between a health economic model and its users, covering adjustable inputs and displayed outputs.
- Model MaintenanceTermModel Upkeep, Ongoing Model Support
- The ongoing process of updating a model's inputs, structure, or code over time as new evidence or a changed context requires.
- Model OutputTermModel Results, Analysis Output
- The results produced by a health economic model, such as total expected cost, QALYs, and the resulting incremental cost-effectiveness ratio.
- Model ParsimonyTermParsimonious Modelling, Model Economy
- The principle that a model should be no more complex than necessary to address its intended decision question adequately.
- Model PlatformTermModelling Platform, Model Environment
- The specific software environment, such as a spreadsheet or a specialised programming language, in which a health economic model is built and run.
- Model ReplicationTermModel Reproduction, Independent Rebuild
- The process of independently reconstructing a model, based on its published description, to verify it produces the same results as originally reported.
- Model ReviewTermModel Appraisal, Independent Scrutiny
- A systematic examination of a model's structure, assumptions, and results by people other than its original developers, to catch errors or concerns.
- Model ScopeTermModelling Scope, Analytic Coverage, Model Boundary
- The range of interventions, populations, outcomes, and time horizon a decision-analytic model is designed to address.
- Model SelectionConceptModel Choice, Specification Search
- The process of choosing a model from plausible alternatives using criteria suited to the intended question, data, predictive or explanatory performance, and decision context.
- Model SimplificationTermModel Reduction, Simplifying Assumption Set
- The deliberate exclusion of real-world detail from a model's structure to keep it tractable, transparent, and focused on the decision question.
- Model StructureTermModel Architecture, Structural Form
- The overall organisation of a health economic model, including its technique, the health states or events represented, and how they link together.
- Model TransparencyTermTransparent Reporting, Model Openness
- The degree to which a model's structure, assumptions, and calculations are made accessible and understandable to external reviewers.
- Model UpdateTermModel Refresh, Data Refresh
- A revision to a model's inputs or structure to reflect new evidence or a changed context, distinct from correcting an outright error.
- Model ValidationConceptValidity Checking, Model Credibility Check
- Model validation is the structured assessment of whether a model is sufficiently accurate, credible, and fit for its stated decision purpose.
- Model VersioningTermModel Version Tracking, Revision Control
- The practice of assigning distinct identifiers to successive iterations of a model as it is updated, tracking which version produced which results.
- Model-Based EvaluationTermModel-Based Analysis, Decision-Model Evaluation
- An economic evaluation built using a mathematical or simulation model that synthesises evidence from multiple sources rather than a single study.
- Moderate-Quality EvidenceTermModerate-Certainty Evidence, GRADE Moderate
- Within GRADE, a rating indicating moderate confidence the true effect is close to the estimate but could differ substantially, from trials with some limitations.
- Moderation AnalysisTermModerator Analysis, Effect-Modification Analysis
- A statistical approach examining whether an exposure-outcome relationship's strength or direction differs depending on the level of a third, moderating variable.
- Modified ITTTermmITT, Modified Intention-to-Treat
- A variation of intention-to-treat analysis excluding a small, prespecified subset of participants, such as those never dosed, while keeping others by original assignment.
- Molecular EpidemiologyTermMolecular Epi, Molecular Disease Tracking
- A branch of epidemiology incorporating molecular and genetic biomarkers into the study of disease distribution and causation, allowing precise characterisation of disease subtypes.
- Molecular ResponseTermMR, Molecular-Level Response
- A response measure using highly sensitive laboratory techniques detecting very small quantities of disease-associated genetic material, more precise than hematologic or cytogenetic criteria.
- Monetary ValuationConceptMonetisation, Money-Metric Valuation
- Monetary valuation expresses a health outcome or other non-market good in money terms, using stated preference, revealed preference or wellbeing methods.
- Money-Back GuaranteeTermRefund Guarantee, Money-Back Scheme
- An outcomes-based agreement in which a manufacturer refunds some or all of a treatment's cost if the patient does not achieve a predefined outcome.
- Monitoring CostTermSurveillance Cost, Drug Monitoring Expense
- The expense of tracking a patient's treatment response and screening for adverse effects, covering laboratory tests, imaging, and clinical visits.
- Monitoring StandardsTermSurveillance Standards, Oversight Criteria
- The criteria and procedures used to oversee an ongoing study's conduct, ensuring compliance and prompt identification of emerging safety concerns.
- Monoclonal AntibodyTermmAb, Therapeutic Antibody
- A laboratory-produced molecule engineered to bind to a single, specific target antigen, forming the basis of a major class of biological therapies.
- MonopolyTermSingle-Seller Market, Sole Supplier
- A market structure in which a single seller controls the entire supply of a good, allowing prices above what competition would produce.
- Monopoly PricingTermMonopolist Pricing, Single-Seller Pricing
- The pricing behaviour of a firm with monopoly power, setting price above marginal cost to maximise profit and reduce quantity supplied.
- MonopsonyTermSingle-Buyer Market, Buyer Monopoly
- A market structure in which a single buyer accounts for all or most purchases of a good, giving it power to push the price down.
- MonotherapyTermSingle-Agent Therapy, Sole Therapy
- A treatment approach using a single therapeutic agent alone, unlike combination therapy involving two or more agents used together.