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.
T
- Telehealth ServiceTermRemote Health Service, Virtual Care Service
- A specific healthcare service delivered remotely using telecommunications technology, such as a video consultation with a provider.
- TelemedicineTermTele-Medicine, Remote Clinical Care
- The practice of delivering clinical healthcare services remotely using telecommunications technology, such as video conferencing, avoiding an in-person visit.
- Telemedicine PlatformTermTelehealth Platform, Virtual Care Platform
- The technological infrastructure and software enabling remote clinical consultations, covering video conferencing, secure data transmission, and record integration.
- Telemedicine UtilityTermTelemedicine Value, Remote-Care Utility
- An assessment of the clinical and economic value of delivering healthcare remotely, covering access, travel burden, and comparative effectiveness against in-person care.
- Tender-Based PricingTermTendering, Competitive Tender Pricing
- A procurement approach in which a payer solicits competitive bids from manufacturers, typically awarding supply to the lowest qualifying bidder.
- Terminal NodeTermLeaf Node, End Node
- The endpoint of a branch within a decision tree, where no further events are attached and final cost and outcome values are recorded.
- Terminal WeaningTermVentilator Withdrawal, Terminal Extubation
- The gradual or immediate withdrawal of mechanical ventilation or other life-sustaining treatment from a patient near the end of life.
- Tertiary CareTermSpecialist Hospital Care, Tertiary-Level Care
- Highly specialised care typically provided at a large hospital or academic centre, addressing complex conditions beyond secondary care capabilities.
- Tertiary PreventionTermTertiary-Level Prevention, Complication Prevention
- Preventive intervention aimed at reducing the impact of already established disease, such as rehabilitation preventing further complications or disability.
- Tertiary Prevention EconomicsTermEconomics of Tertiary Prevention, Complication-Prevention Economics
- The application of health economic evaluation to interventions reducing the impact of already established disease, such as rehabilitation preventing further complications.
- Test SetTermHoldout Set, Test Data
- A subset of data withheld from model building, used afterward to evaluate how well the model performs on data it has not seen.
- Test StatisticTermTest Value, Test Quantity
- A single numerical value calculated from sample data during a hypothesis test, used to judge whether to reject the null hypothesis.
- Test-Retest ReliabilityConceptTest-Retest Stability, Temporal Reliability
- The degree of agreement between scores from the same instrument given to the same people on two separate occasions, when no real change is expected.
- TestingTermScenario Exercising, Error-Detection Run
- The general process of systematically exercising a model with various inputs and scenarios to detect errors and confirm expected behaviour.
- Tetanus EconomicsTermEconomics of Tetanus, Tetanus Vaccine Economics
- The application of health economic evaluation to tetanus, a serious soil-borne bacterial infection largely preventable through vaccination.
- Theil Index HealthConceptHealth Theil Index, Theil Inequality Measure
- An information theory based inequality measure applied to a health outcome's distribution, decomposable into inequality within and between population subgroups.
- Theory Of ConstraintsTermTOC, Constraints Management
- A management philosophy identifying the single most limiting factor preventing greater throughput toward a goal, and focusing improvement there first.
- Therapeutic AreaTermTreatment Area, Indication Area
- A defined category of medical conditions or treatments, such as oncology, used to organise research, development, and assessment activities.
- Therapeutic ClaimTermClinical Claim, Therapeutic Conclusion
- Therapeutic claim, in a PBAC submission, classes a medicine as superior, non-inferior or inferior to its main comparator and sets the economic evaluation.
- Therapeutic ClassTermDrug Class, Medication Class
- A grouping of medications sharing a similar mechanism of action or used to treat the same condition, such as statins or beta-blockers.
- Therapeutic CompetitionTermWithin-Class Competition, Treatment Competition
- The competitive pressure exerted on a drug's pricing and market position by other treatments available for the same condition.
- Therapeutic GoalTermTreatment Objective, Therapy Target, Treatment Goal
- The specific clinical outcome a treatment strategy is intended to achieve, such as cure, symptom control, stabilisation, or preventing complications.
- Therapeutic Group PremiumTermReference Group Premium, Therapeutic Reference Premium
- The additional price a treatment commands over the reference price for its therapeutic group under internal reference pricing, requiring the difference paid separately.
- Therapeutic IndexTermTherapeutic Ratio, Safety Margin Index
- A drug's safety margin, calculated as the ratio between the dose that produces toxicity and the dose producing the desired effect.
- Therapeutic InterchangeTermTherapeutic Swap, Protocol Substitution
- Substituting a different medication within the same class for a prescribed drug, based on protocols indicating therapeutic equivalence, typically with physician notification.
- Therapeutic MisconceptionTermTrial Misconception, Research Misconception
- A phenomenon where a trial participant mistakenly believes their participation is meant to provide personalised treatment rather than generate scientific knowledge.
- Therapeutic PrivilegeTermTherapeutic Exception, Physician Withholding
- A limited, ethically contested exception to consent requirements in which a physician withholds information judged likely to cause significant psychological harm.
- Therapeutic Reference PricingTermTherapeutic Class Reference Pricing, Class-Based Reference Pricing
- A policy grouping drugs believed to produce similar therapeutic effects and setting one reference reimbursement level, encouraging use of the most cost-effective option.
- Therapeutic ResponseTermTreatment Response Rate, Symptomatic Improvement
- The degree to which a patient's condition improves following treatment, assessed using clinically relevant criteria specific to the disease treated.
- Therapeutic ValueTermClinical Worth, Treatment Value
- The clinical benefit a treatment provides for a condition, a core consideration within assessment frameworks that formally rate treatment benefit.
- Third Party PerspectiveTermReimburser Viewpoint, Third-Payer Viewpoint
- An analytic viewpoint including only costs and outcomes relevant to a third-party payer, such as an insurer, excluding costs borne directly by patients.
- Third-Line TherapyTermThird-Line Treatment, Third-Line Regimen
- A treatment used after both first-line and second-line treatments have failed to achieve adequate disease control or been discontinued.
- Third-Party AdministratorTermTPA, Benefits Administrator
- An organisation providing administrative services, such as claims processing, for a self-insured employer's plan, without bearing the claims' financial risk.
- Third-Party PayerTermThird-Party Reimburser, Insurer-Payer
- An entity, other than the patient or provider, that finances healthcare costs on behalf of a covered individual, such as an insurer.
- Thoracic Surgery EconomicsTermChest Surgery Economics, Economics of Thoracic Surgery
- The application of health economic evaluation to chest cavity surgery, including lung and oesophageal procedures, often comparing minimally invasive against open approaches.
- Three-State ModelTermThree-Compartment Model, 3-State Markov Model
- A simplified Markov structure with exactly three health states, commonly well, diseased, and death, used when a fuller structure is unnecessary.
- Threshold AnalysisConceptThreshold Analysis Method, Switching-Value Analysis
- A sensitivity analysis technique identifying the value at which an input parameter would need to be set for a model's conclusion to change.
- Threshold ApproachTermThreshold Decision Rule, Cost-Effectiveness Cut-Off Rule
- A decision-making method that classifies an intervention as cost-effective or not based on whether its ICER falls below a predetermined threshold.
- Threshold CriterionTermThreshold Rule, Threshold Cut-Off
- The specific cost-effectiveness benchmark an assessment body uses to judge whether a technology's ICER represents acceptable value for money.
- Threshold PriceTermBreak-Even Price, Maximum Justifiable Price
- The price at which a technology's ICER exactly equals a decision-maker's cost-effectiveness threshold, the maximum price still considered an acceptable use of resources.
- Thrombectomy EconomicsTermEconomics of Thrombectomy, Clot-Retrieval Economics
- The application of health economic evaluation to mechanical clot removal, most notably in emergency stroke treatment, generally found highly cost-effective.
- Thrombolysis EconomicsTermEconomics of Thrombolysis, Clot-Buster Economics
- The application of health economic evaluation to clot-dissolving medication used in emergency stroke and heart attack treatment, emphasising treatment speed.
- Thrombosis EconomicsTermEconomics of Thrombosis, Blood-Clot Economics
- The application of health economic evaluation to abnormal blood clot formation, spanning both venous and arterial thrombosis prevention and treatment.
- ThroughputConceptOutput Rate, Processing Volume
- Throughput is the number of defined service units completed across a specified process boundary per unit of time.
- Throughput EfficiencyTermFlow Efficiency, Processing Efficiency
- A measure of how effectively a process moves patients through their care journey relative to the time and resources consumed.
- Thyroid Disease EconomicsTermEconomics of Thyroid Disease, Thyroid Disorder Economics
- The application of health economic evaluation to thyroid conditions, covering both underactive and overactive function as well as thyroid cancer.
- TIA EconomicsTermTransient Ischaemic Attack Economics, Mini-Stroke Economics
- The application of health economic evaluation to transient ischaemic attacks, brief stroke-like episodes warning of future stroke risk, emphasising rapid diagnosis.
- Tiered AlertTermGraded Alert, Severity-Graded Alert
- A computerised clinical alert system categorising notifications by severity, presenting more urgent alerts more prominently than lower-priority ones.
- Tiered CareTermGraduated Care Tiers, Layered Care
- A delivery model organising services into distinct levels of intensity, matching patients to the tier appropriate for their current clinical needs.
- Tiered NetworkTermTiered Provider Network, Layered Network
- A plan design categorising in-network providers into tiers by cost or quality, with lower cost-sharing for preferred-tier providers.