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.
P
- P-ScoreTermFrequentist SUCRA, Frequentist Ranking Probability
- A frequentist network meta-analysis measure ranking treatments by the extent one is expected to outperform every other treatment in the network.
- P-ValueConceptSignificance Probability, Observed Significance Level
- A tail probability, calculated under a specified null hypothesis and statistical model, of obtaining a test statistic at least as extreme as the observed statistic according to the chosen test.
- P-Value InterpretationTermInterpreting P-Values, P-Value Misreading
- The process of correctly understanding what a p-value does and does not indicate, since it does not reflect the probability the null hypothesis is true.
- Pacemaker EconomicsTermPacemaker Cost-Effectiveness, Cardiac Pacing Economics
- The application of health economic evaluation to implantable pacemakers, weighing device and implant cost against improved quality of life for bradycardia.
- Paediatric EconomicsTermChild Health Economics, Children's Health Economics
- The application of health economic evaluation to the healthcare needs of infants, children, and adolescents, including preventive care and congenital conditions.
- Paediatric ExclusivityTermPediatric Exclusivity, Paediatric Extension
- An additional market exclusivity period granted for conducting requested paediatric studies of an already-approved product, incentivising paediatric-specific safety and efficacy data.
- Paediatric Quality IndicatorTermPDI, Paediatric Quality Metric
- A standardised measure assessing care quality specifically for paediatric patients, accounting for their distinct clinical conditions and care patterns.
- Paediatric ResearchTermChild Research, Paediatric Clinical Study
- Research involving children, subject to additional safeguards including parental permission alongside the child's own assent when developmentally appropriate.
- Pain AssessmentTermPain Measurement, Pain Evaluation
- The process of measuring the presence, severity, and characteristics of a patient's pain, typically using standardised, validated patient-reported instruments.
- Pain IntensityTermPain Severity, Pain Level
- A dimension of pain assessment capturing how severe a patient's pain feels, typically measured using a numerical rating or visual analogue scale.
- Pain InterferenceTermPain-Related Interference, Functional Pain Impact
- A dimension of pain assessment capturing how much pain disrupts a patient's daily activities, work, or social functioning, distinct from pain intensity.
- Pain Management EconomicsTermPain Economics, Analgesic Economics
- The application of health economic evaluation to acute and chronic pain strategies, comparing medication, interventional procedures, and multidisciplinary pain programmes.
- Pain ScaleTermPain Rating Scale, Pain Measurement Scale
- A standardised instrument quantifying the intensity or other characteristics of a patient's pain, from simple numerical ratings to detailed questionnaires.
- Paired ComparisonTermPaired Preference, Pick-One-of-Two
- A health state valuation method in which respondents are shown two states at a time and indicate which they prefer, building up a ranking.
- Pairwise ComparisonTermTwo-Arm Comparison, Direct Head-to-Head
- A comparison of exactly two interventions at a time, used as a building block within a fully incremental analysis of several options.
- Pairwise DeletionConceptAvailable-Case Analysis, Pairwise Case Exclusion
- A missing data method in which each specific calculation uses all observations with complete data for that particular pair of variables.
- Pairwise Meta-AnalysisConceptStandard Meta-Analysis, Direct Meta-Analysis
- Pairwise meta-analysis is the statistical pooling of trials of the same two treatments, such as head-to-head RCTs, into one estimate of relative effect.
- Palliative CareTermEnd-of-Life Care, Serious-Illness Care
- Specialised care relieving symptoms and stress of serious illness to improve quality of life, provided alongside or instead of curative treatment.
- Palliative Care AccessTermHospice Access, End-of-Life Care Access
- A measure of the extent to which patients with serious illness are able to obtain needed palliative symptom management and quality of life care.
- Palliative Care EconomicsTermPalliative Economics, Palliative-Care Costing
- The application of health economic evaluation to specialist care relieving symptoms and improving quality of life for serious illness, regardless of prognosis.
- Palliative Care Economics OncologyTermOncology Palliative Economics, Cancer Palliative Care Economics
- The application of health economic evaluation to palliative care within oncology, focused on symptom management and quality of life regardless of curative treatment status.
- Palliative SedationTermContinuous Deep Sedation, Terminal Sedation
- The use of sedative medications to relieve intractable suffering in a terminally ill patient when other measures have failed.
- Palliative TherapyTermPalliative Treatment, Comfort-Focused Therapy
- Treatment intended to relieve symptoms and improve quality of life for serious or terminal illness, without aiming to cure the condition.
- Pancreatitis EconomicsTermPancreatic Inflammation Economics, Pancreatitis Cost of Illness
- The application of health economic evaluation to pancreatic inflammation, covering both acute episodes and chronic, recurring disease.
- Pancreatology EconomicsTermPancreatic Economics, Pancreas Disease Economics
- The application of health economic evaluation to the broader field of pancreatic disease, including pancreatitis, pancreatic insufficiency, and pancreatic cancer.
- PandemicTermGlobal Epidemic, Worldwide Outbreak
- An epidemic occurring over a very wide geographic area, typically spanning multiple countries or continents, affecting a substantial population proportion.
- Pandemic CostTermCost of Pandemic, Pandemic Economic Burden
- The total economic burden of a pandemic, covering direct healthcare costs, public health response spending, and broader economic disruption beyond health.
- Pandemic ElasticityTermPandemic Demand Responsiveness, Crisis Elasticity
- The responsiveness of healthcare demand, supply, or prices to changes in disease prevalence during a pandemic, measured using standard economic elasticity.
- Pandemic PolicyTermPandemic Response Policy, Outbreak Policy
- Government policy governing pandemic preparedness and response, covering surveillance systems, vaccine and treatment stockpiling, and coordinated public health protocols.
- Pandemic Preparedness EconomicsTermPreparedness Economics, Pandemic Readiness Economics
- The application of health economic evaluation to advance investments improving a health system's capacity to detect and respond to a future outbreak.
- Panel DataTermCross-Sectional Time-Series Data, Longitudinal Panel
- Data following the same individuals or units repeatedly over multiple time periods, combining features of both cross-sectional and time series data.
- Panel DecisionTermCommittee Decision, HTA Committee Verdict
- The formal conclusion reached by an expert panel or appraisal committee following its review and deliberation on an assessment question.
- Paragraph Iv CertificationTermPara IV Certification, Patent Paragraph IV
- A patent certification filed by a generic manufacturer asserting a listed patent is invalid or not infringed, initiating a process affecting generic entry timing.
- Parallel AnalysisTermHorn Method, Factor Retention Analysis
- A technique determining how many factors to retain in factor analysis by comparing observed eigenvalues against those expected from random data.
- Parallel Group DesignTermParallel-Arm Trial, Parallel-Group Trial
- A trial design randomly assigning participants to one of two or more groups, each receiving only one treatment throughout, with outcomes compared between groups.
- Parameter DistributionConceptInput Distribution, PSA Distribution
- A parameter distribution is a probability model for the plausible values of an uncertain model input, specified from evidence and assumptions so its uncertainty can be propagated through an analysis.
- Parameter EstimationConceptEstimation of Parameters, Data-Driven Estimation
- Parameter estimation is the process of using evidence and a specified model or estimating rule to infer the values of quantities needed to describe a population, relationship, or decision model.
- Parameter ImportanceTermParameter Influence, Input Importance
- A measure of how much a given input parameter contributes to the overall uncertainty in a model's results, used to prioritise further scrutiny.
- Parameter InputConceptModel Parameter, Input Parameter, Model Input Value
- A parameter input (model parameter) is a value or distribution entered into a health economic model for a quantity such as a probability, cost or utility.
- Parameter StructureTermInput Organisation, Parameter Layout
- The overall organisation of a model's inputs, including how parameters are grouped, labelled, and linked to the calculations that use them.
- Parameter UncertaintyConceptInput Uncertainty, Sampling Uncertainty
- Parameter uncertainty is uncertainty about the true values of quantities used as model inputs because those values are estimated from incomplete or imperfect evidence.
- Parametric EstimationConceptParametric Fitting, Distribution-Based Estimation
- A statistical approach estimating a survival function by assuming the data follow a specific distribution, such as Weibull or log-normal, with estimated parameters.
- Parametric MethodsTermParametric Techniques, Distribution-Based Methods, Parametric Statistics
- Statistical techniques assuming the underlying data follow a specific, defined probability distribution with a fixed number of parameters, such as normal or Weibull.
- Parametric RegressionTermModel-Based Regression, Distributional Regression
- A regression approach assuming a specific functional form and distributional assumptions linking predictors to an outcome, such as normally distributed errors.
- Parametric SurvivalConceptDistribution-Based Survival, Assumed-Form Survival
- Survival estimates derived from a fitted mathematical distribution rather than directly from observed data alone, allowing extrapolation beyond the data.
- Parametric Survival ModelConceptParametric Time-to-Event Model, Survival Distribution Model
- A parametric survival model specifies a probability distribution for time to a defined event, enabling estimation of survival and hazard functions and projection beyond observed follow-up under stated assumptions.
- Parasitic Disease EconomicsTermParasite Disease Economics, Parasitology Economics
- The application of health economic evaluation to diseases caused by parasitic organisms, spanning malaria through various helminth infections.
- Parental PermissionTermParental Consent, Guardian Permission
- The formal authorisation a parent or guardian provides for a minor to participate in research or receive treatment, alongside the child's own assent.
- Pareto AnalysisTerm80/20 Analysis, Pareto Principle
- A technique based on the principle that a small number of causes typically account for the majority of a problem's impact.
- Pareto ChartTermPareto Diagram, 80/20 Chart
- A bar chart displaying problem category frequency in descending order, combined with a cumulative percentage line, identifying which few account for most impact.