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
- Pareto EfficiencyConceptPareto Optimality, Allocative Optimum
- Pareto efficiency, or Pareto optimality, is a state where resources such as a health budget cannot be reallocated to help anyone without harming someone.
- Pareto FrontierConceptPareto Front, Optimal Trade-Off Curve
- The set of feasible options that are not dominated by another option that is at least as good on every specified objective and strictly better on at least one.
- Pareto ImprovementConceptPareto-Improving Change, Welfare-Increasing Move
- A Pareto improvement is a change, such as a reallocation of a health budget, that makes at least one person better off and nobody worse off.
- Parkinson Disease EconomicsTermParkinson's Economics, PD Economics
- The application of health economic evaluation to Parkinson's disease, comparing medication therapy and, in advanced cases, surgical interventions such as deep brain stimulation.
- Part-Worth UtilityTermAttribute-Level Utility, Conjoint Part-Worth
- The contribution of a single attribute level to an individual's overall utility for a good, estimated from a conjoint or choice experiment.
- Partial CapitationTermBlended Capitation, Partial Capitated Payment
- A capitation arrangement in which a provider assumes financial risk for only a subset of services, such as primary care alone.
- Partial CorrelationConceptControlled Correlation, Adjusted Correlation
- A measure of the relationship between two variables after statistically controlling for the influence of one or more additional variables.
- Partial Economic EvaluationConceptPartial Evaluation, Incomplete Economic Evaluation
- A study examining either the costs or the outcomes of an intervention, or both without comparison to an alternative, short of a full economic evaluation.
- Partial RemissionTermPR, Partial Response Remission
- A cancer treatment outcome with substantial but incomplete reduction in detectable disease following treatment.
- Partial ResponseTermPartial Tumour Response, Partial Regression
- A standardised tumour response classification indicating a significant, predefined reduction in total target lesion size, without complete disappearance.
- Participation RestrictionTermICF Participation, Role Restriction
- A problem an individual has engaging in normal life situations, such as employment or social activity, per the WHO functioning and disability framework.
- Participatory ResearchTermParticipatory Study, Co-Production Research
- A research approach actively engaging the studied population as collaborative partners in defining questions, designing methods, and interpreting findings.
- Particle FilterConceptSequential Monte Carlo Filter, Bootstrap Filter
- A sequential Monte Carlo algorithm that approximates the evolving probability distribution of a hidden state with weighted simulated particles, updating their weights as observations arrive.
- Particle Swarm OptimisationConceptPSO, Swarm Optimisation
- A population-based optimisation technique inspired by flocking behaviour, in which candidate solutions adjust position based on their own and the group's best results.
- Partitioned Survival ModelConceptArea-Under-Curve Model, PartSA Model
- A partitioned survival model is a cancer economic model that uses PFS and OS curves to split a cohort into progression-free, progressed and dead states.
- Partnership ModelTermCollaborative Model, Joint-Working Model
- A financing or delivery arrangement where multiple stakeholders, such as government and civil society, collaborate to jointly deliver a health programme.
- Passive AlertTermNon-Interruptive Alert, Passive CDS Alert
- A clinical alert displaying information without requiring an active response before proceeding, unlike an interruptive alert demanding acknowledgment.
- Passive PurchasingTermPassive Reimbursement, Budget-Following Purchasing
- A financing approach in which a payer simply reimburses whatever services are provided, without negotiating price or monitoring quality.
- PatentTermInvention Right, Granted Monopoly Right
- A government-granted legal right conferring exclusive control over an invention, such as a new drug compound, for a defined period.
- Patent ApplicationTermPatent Filing, Patent Submission
- A formal legal request to a national patent office seeking exclusive rights to an invention, such as a new drug compound, for a defined period.
- Patent ChallengeTermPatent Litigation, Patent Dispute
- A legal action by a generic or biosimilar manufacturer disputing a reference product's patent validity, often a precursor to earlier market entry.
- Patent Cliff ManagementTermCliff Mitigation, Loss-of-Exclusivity Planning
- A manufacturer's strategic planning to manage expected revenue decline following patent expiry and generic competition for a key product.
- Patent ExaminationTermPatent Review, Patent Prosecution
- The formal review process by a patent office to determine whether a patent application meets requirements for novelty, non-obviousness, and utility.
- Patent ExpiryTermPatent Expiration, Loss of Exclusivity
- The date on which a patent's legal protection ends, after which competitors are generally free to market equivalent products without infringement.
- Patent ExtensionTermPatent Term Extension, SPC
- An additional period of patent protection compensating a manufacturer for time lost during regulatory approval, delaying generic competition and price reductions.
- Patent GrantTermPatent Issuance, Granted Patent
- The formal act by which a patent office confers exclusive rights to an inventor for a defined period, following successful examination.
- Patent LifeTermEffective Patent Duration, Remaining Patent Time
- The total length of time a patent remains in force from filing to expiry, typically twenty years, though effective exclusivity is usually shorter.
- Patent SettlementTermPay-for-Delay Settlement, Reverse Payment Settlement
- An agreement between a brand manufacturer and a generic competitor resolving patent litigation, sometimes setting a negotiated generic entry date.
- Patent TermTermPatent Duration, Twenty-Year Term
- The total duration a granted patent provides exclusive rights, typically twenty years from filing, subject to extensions for regulatory review time.
- Pathological ResponseTermPathologic Response, Path Response
- A treatment response measure based on direct tissue examination, such as tumour regression seen in a surgical specimen after pre-surgical treatment.
- PathwayTermCare Route, Clinical Route
- The sequence of health states or clinical events a hypothetical patient may follow through a decision-analytic model, from entry to final outcome.
- Pathway DevelopmentTermPathway Design, Care Route Development
- The process of designing a structured clinical care pathway outlining the anticipated sequence of steps for a specific condition.
- Patient AccessTermAccess for Patients, Patient Care Access
- A general term for patients' ability to obtain needed healthcare services, treatments, or medications, covering the full classical access framework.
- Patient Access ProgrammeTermPAP, Access Programme
- A scheme helping eligible patients afford or obtain a treatment, sometimes involving direct financial assistance, discounted pricing, or expedited coverage.
- Patient Access SchemeTermPAS, Confidential Access Scheme
- A managed entry agreement, most associated with the UK, offering a discount to improve a treatment's cost-effectiveness enough to secure reimbursement.
- Patient ActivationTermActivation Level, Patient Empowerment
- A measure of a patient's knowledge, skill, and confidence in managing their own health and healthcare, captured using a standardised questionnaire.
- Patient AcuityTermCare Intensity Level, Patient Severity Level
- A measure of the severity or intensity of a patient's condition, used to determine the level of care and resources required.
- Patient Assistance ProgrammeTermManufacturer Assistance Programme, Copay Assistance Programme
- A manufacturer-sponsored programme providing free or discounted medication to eligible patients who cannot otherwise afford treatment, based on income or insurance status.
- Patient CapTermCost Cap, Patient Cost Ceiling
- A limit on the number of patients for whom a payer will reimburse a specific treatment within a defined period.
- Patient Care EvolutionTermCare Model Evolution, Evolving Care Delivery
- The historical shift in a profession's scope toward direct responsibility for patient outcomes, rather than a narrower focus on product preparation alone.
- Patient DaysTermBed Days, Inpatient Days
- A hospital utilisation measure calculated as the total days all patients spent hospitalised within a facility over a defined period.
- Patient EvidenceTermPatient Testimony, Lived-Experience Evidence
- Information provided by patients or patient organisations on lived experience of a condition and treatment, complementing standard clinical evidence.
- Patient ExperienceTermCare Experience, Experience of Care
- A patient's direct observations of specific care aspects, such as communication and timeliness, distinct from an overall satisfaction rating.
- Patient Experience OutcomeTermExperience Outcome, PREM Outcome
- A measure of a patient's subjective care experience, covering provider communication and care coordination, distinct from an overall satisfaction rating.
- Patient ExpertTermExpert Patient, Patient Advocate
- An individual with personal or caregiver experience of a health condition, invited to contribute their perspective to an assessment process.
- Patient Family PerspectiveTermPatient-and-Family Perspective, Carer Perspective
- An analytic viewpoint including costs and outcomes experienced by a patient's family, such as informal caregiving time and lost income, alongside the patient's own.
- Patient FlowTermPatient Throughput, Flow of Patients
- The movement of patients through a healthcare facility from arrival through treatment to discharge, encompassing the transitions along the way.
- Patient Flow ModelTermFlow Simulation Model, DES Patient-Flow Model
- A discrete event simulation or related model representing how patients move through a healthcare facility, capturing waiting times and resource bottlenecks.
- Patient HeterogeneityTermPatient Variation, Population Heterogeneity
- Variation among individual patients in characteristics such as age or disease severity that leads to different treatment responses or underlying risk.
- Patient HTA GroupTermPatient Organisation in HTA, Patient Group HTA
- A function within an assessment organisation dedicated to facilitating patient and public involvement, coordinating expert testimony and written submissions.