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
- Patient InputTermPatient Perspective Input, Patient Testimony HTA
- Information, perspectives, or preferences provided by patients or their representatives during an assessment process, formally or through consultation.
- Patient InvolvementTermPatient Participation, Public Involvement in Health
- The broader practice of engaging patients throughout the assessment process, from initial scoping through final decision-making.
- Patient Involvement HTATermPatient Involvement in HTA, HTA Patient Engagement
- The specific mechanisms through which patient perspectives are formally incorporated into an assessment, including expert testimony and committee representation.
- Patient OriginTermPatient Catchment, Origin of Patients
- The geographic area from which a facility's patients typically travel, used in planning to define primary and secondary service areas.
- Patient OutcomeTermPatient Result, Treatment Result
- A measurable change in health, function, symptoms, quality of life or survival experienced by a patient.
- Patient PerspectiveTermPatient Viewpoint, Patient-Level Perspective
- An analytic viewpoint including only costs and outcomes directly experienced by the patient, such as out-of-pocket expenses and personal time costs.
- Patient PortalTermPatient Web Portal, Online Patient Access
- A secure online platform letting patients access their own health information, communicate with providers, and manage aspects of their care.
- Patient PreferenceTermPatient Values, Stated Treatment Preference
- An individual patient's relative valuation of different treatment attributes or health outcomes, often elicited through methods such as a discrete choice experiment.
- Patient Recruitment CostTermRecruitment Cost, Enrolment Cost
- The expense of identifying, screening, and enrolling eligible participants into a clinical trial, a significant and often underestimated component of trial cost.
- Patient RegistryTermDisease Registry, Clinical Registry
- An organised system collecting standardised information over time about individuals with a particular condition, a critical data source for rare diseases.
- Patient ResponsibilityTermPatient Financial Responsibility, Patient Liability
- The total amount a patient owes for services after insurance has been applied, covering any deductible, copayment, coinsurance, or non-covered amounts.
- Patient SafetyTermSafety of Care, Harm Prevention
- The absence of preventable harm to a patient during healthcare, and reduction of unnecessary harm risk to an acceptable minimum.
- Patient Safety IndicatorTermPSI, Safety Indicator
- A standardised measure identifying potentially preventable complications during hospital care, using administrative claims data to flag cases for review.
- Patient SatisfactionTermCare Satisfaction, Satisfaction with Care
- A patient's overall subjective evaluation of their care experience, covering communication, perceived competence, and overall contentment with treatment received.
- Patient Satisfaction ManagementTermSatisfaction Management, Experience Management
- The processes an organisation uses to measure, monitor, and improve patients' subjective evaluation of their overall care experience.
- Patient Satisfaction OutcomeTermSatisfaction Outcome, Measured Patient Satisfaction
- A measure of a patient's overall subjective evaluation of care received, covering contentment with communication, wait times, and perceived quality.
- Patient SubmissionTermPatient Organisation Submission, Patient Group Submission
- A formal written contribution from a patient or patient organisation describing a condition's impact from the patient perspective.
- Patient Value MessageTermPatient-Focused Value Message, Patient Value Story
- A concise statement summarising a technology's key benefits from patients' own perspective, addressing quality of life and treatment burden.
- Patient VolumeTermCase Volume, Caseload
- The total number of patients treated by a provider over a defined period, used as a measure of clinical activity and, at times, expertise.
- Patient-Centred CareTermPerson-Centred Care, Patient-Focused Care
- A care model respectful of and responsive to individual patient preferences, needs, and values, guiding all clinical decisions accordingly.
- Patient-Centred ModelTermPerson-Centred Model, Patient-Focused Model
- A delivery approach organised around individual patients' specific needs, preferences, and values, rather than provider convenience or organisational structure.
- Patient-Centred OutcomeTermPatient-Important Outcome, Patient-Relevant Outcome
- A health outcome measure specifically identified as important to patients themselves, rather than selected primarily for clinical or biomarker significance.
- Patient-Level CovariateTermIndividual Covariate, Patient Characteristic
- A characteristic recorded for individual patients, such as age or baseline severity, examined for its effect on treatment response using patient-level data.
- Patient-Reported OutcomeConceptPRO, Self-Reported Outcome
- Any report of a patient's health status that comes directly from the patient without clinical interpretation, from symptom ratings to full quality of life instruments.
- Pattern Mixture ModelConceptPMM, Pattern-Mixture Approach
- A missing data modelling approach stratifying analysis by the observed pattern of missingness, rather than assuming one model applies to everyone.
- Pay-for-PerformanceTermP4P, Performance-Related Pay
- A methodology linking a portion of provider reimbursement directly to measured performance on quality, efficiency, or outcome metrics, rather than volume alone.
- PaybackTermRevenue Return, Sales Clawback
- A mechanism requiring a manufacturer to return a portion of sales revenue to a payer or government if certain spending conditions are met.
- Payback PeriodTermRecoupment Period, Break-Even Time
- The length of time required for the cumulative cash inflows from an investment to equal its initial cost.
- Payer HTA LinkTermHTA-Payer Interface, Assessment-to-Coverage Link
- The formal or informal connection between an assessment organisation and the payers responsible for implementing its funding recommendations.
- Payer MixTermPayer Composition, Funding Mix
- The distribution of a provider's patients across payer types, such as private insurance and public programmes, affecting overall revenue.
- Payer PerspectiveTermPayer Viewpoint, Insurer Perspective
- An analytic viewpoint including only costs and outcomes relevant to a specific healthcare payer, such as an insurer or government health programme.
- Payer RepresentativeTermPayer Delegate, Insurer Representative
- An individual representing the perspective of a healthcare payer, such as an insurer, contributing input to an assessment process.
- Payer Value MessageTermPayer-Focused Value Message, Reimbursement Value Story
- A concise statement summarising a technology's value specifically framed to address payer priorities, such as budget impact and cost-effectiveness.
- Payment Adjustment FactorTermBase-Rate Multiplier, Rate Adjuster
- A numerical multiplier applied to a base payment rate to account for specific circumstances affecting the cost of care, such as geographic wage differences.
- Payment AmountTermPayment Level, Reimbursement Amount
- The specific figure a payer reimburses a provider for a service or episode, determined according to the applicable payment methodology.
- Payment by ResultsTermPbR, Tariff-Based Payment
- A reimbursement arrangement linking a manufacturer's payment explicitly to specific, predefined clinical results achieved by patients, rather than paying regardless of outcome.
- Payment PolicyTermReimbursement Policy, Provider Reimbursement Policy
- The overall set of rules a payer establishes governing how providers will be reimbursed for the services they deliver.
- Payment Rate SettingTermPayment Rate Determination, Tariff Setting
- The process by which a payer determines reimbursement for a service or payment category, incorporating resource cost, market rates, and policy goals.
- PayoffTermGame Reward, Strategy Outcome
- The value, such as cost, outcome, or utility, associated with a particular pathway or outcome within a decision-analytic or game-theoretic model.
- PBACTermPharmaceutical Benefits Advisory Committee, Australian HTA Committee
- The Pharmaceutical Benefits Advisory Committee, Australia's body recommending which medicines should be subsidised under the Pharmaceutical Benefits Scheme.
- PBMATermProgramme Budgeting and Marginal Analysis, Marginal Reallocation
- An abbreviation for programme budgeting and marginal analysis, a priority-setting method reallocating resources from lower-value to higher-value activities within a fixed budget.
- Pearson CorrelationConceptPearson Product-Moment, Linear Correlation Coefficient
- A measure quantifying the strength and direction of the linear relationship between two continuous variables, ranging from negative one to positive one.
- Peer ComparisonTermPeer Benchmarking, Peer Group Comparison
- An evaluation of an organisation's performance metrics relative to similar peer organisations, identifying strengths and improvement areas.
- Peer ReviewTermRefereeing, Scholarly Review
- A process in which providers evaluate the quality of care delivered by professional colleagues, for improvement, credentialing, or disciplinary purposes.
- Peer Review HTATermHTA Peer Review, Scientific Review of HTA
- Having independent experts critically evaluate an assessment's methods, analysis, and conclusions before it is finalised or published.
- PenaltyTermFinancial Sanction, Payment Deduction
- A financial reduction applied to a provider's payment, typically for failing to meet a specific quality, reporting, or compliance requirement.
- Per Capita Health SpendingTermHealth Spending per Capita, Per-Head Health Spending
- A measure of average healthcare expenditure found by dividing total health spending by population size, standardising for comparison across regions.
- Per DiemTermDaily Payment, Per-Day Payment
- A methodology reimbursing a provider a fixed amount for each day of care, regardless of specific services delivered that day.
- Per Diem RateTermDaily Rate, Per-Day Rate
- The specific fixed sum paid to a provider for each day of care under a per diem payment arrangement.
- Per Episode PaymentTermPer-Episode Bundle, Case Rate Payment
- A payment covering the complete set of services within a defined care episode, such as surgery and its follow-up, rather than separate payments.