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.
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- Outlier PaymentTermHigh-Cost Case Payment, Outlier Adjustment
- A supplemental payment made in addition to standard prospective payment for a case whose actual cost or stay substantially exceeds expectations.
- Outpatient CostTermAmbulatory Cost, Outpatient Care Cost
- The expense of healthcare services delivered without an overnight hospital stay, such as clinic visits, diagnostic testing, and same-day procedures.
- Outpatient ManagementTermAmbulatory Management, Outpatient Care Management
- The clinical and administrative processes coordinating and delivering care to patients treated without hospital admission, covering scheduling and follow-up.
- Outpatient SurgeryTermAmbulatory Surgery, Same-Day Surgery
- A surgical procedure performed without formal hospital admission, typically allowing the patient to return home the same day.
- Outpatient VisitsTermAmbulatory Visits, Clinic Visits
- The total number of patient encounters at a facility without formal hospital admission over a defined period, an ambulatory utilisation measure.
- Output InterfaceTermResults Interface, Model Results Panel
- The component of a health economic model that presents its results, such as cost-effectiveness ratios, in a format accessible to users.
- Output MaximisationTermOutput Maximization, Output-Oriented Efficiency
- An objective in production theory of achieving the greatest possible output from a given set of inputs.
- Output-Based FinancingTermOutput-Linked Financing, Volume-Based Financing
- A financing approach tying payments to providers or programmes to the volume or type of services delivered, rather than a fixed budget.
- Overall Hospital RatingTermHospital Star Rating, Summary Hospital Score
- A summary star rating assigned to a hospital based on aggregate performance across multiple quality and experience measures.
- Overall SurvivalConceptOS, Total Survival
- Overall survival is the time from a prespecified origin, such as randomization, diagnosis, or treatment initiation, until death from any cause, with participants not known to have died censored at their last date known alive.
- OverconfidenceTermOver-Precision, Excessive Certainty
- A cognitive bias in which individuals, including expert forecasters, express excessive certainty, producing judgements narrower than their actual accuracy would justify.
- OverfittingConceptOver-Fitting, Model Overfit
- A situation in which a model is fit too closely to the noise in its training data, performing poorly on new, independent data.
- Overhead CostTermIndirect Overhead, Overhead Expense
- A cost that supports an organisation's overall operations but cannot be directly attributed to a specific service or department, such as administration.
- Override RateTermAlert Override Frequency, Alert Dismissal Rate
- The proportion of computerised clinical alerts a provider dismisses without following the recommended action, a key metric for alert calibration.
- OverutilizationTermExcess Utilisation, Service Overprovision, Overuse
- The use of healthcare services beyond what is clinically necessary or beneficial, an inefficient use of health system resources.