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.

1–50 of 53 terms in W

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Waiting ListTermWait List, Queue
An ordered list of patients awaiting a healthcare service, such as elective surgery, that exceeds available capacity to provide it.
Waiting List ManagementTermWait List Management, List Prioritisation
The strategies used to organise, prioritise, and monitor patients awaiting access to a limited healthcare resource, such as elective surgery.
Waiting TimeTermWait Time, Time to Treatment
The interval between a patient's referral for a service and the point at which they actually receive it, a responsiveness indicator.
Waiver of ConsentTermConsent Waiver, Waived Consent
A regulatory determination permitting research to proceed without standard informed consent under narrowly defined conditions, such as minimal risk studies.
Wald TestConceptWald Statistic, Wald Chi-Square Test
A statistical test assessing whether an estimated parameter differs significantly from a specified value, based on the ratio of estimate to standard error.
Warfarin EconomicsTermEconomics of Warfarin, Warfarin Cost-Effectiveness
The application of health economic evaluation to warfarin, accounting for its substantial ongoing monitoring cost against newer anticoagulants requiring none.
Warm-Up PeriodTermBurn-In Period, Initialisation Bias Period
An initial portion of a discrete event simulation run excluded from results, letting the system reach a representative state before data collection begins.
Warranted VariationTermJustified Variation, Appropriate Variation
Differences in utilisation or practice that appropriately reflect legitimate differences in patient illness or informed preference, unlike unwarranted variation.
Washout PeriodTermWash-Out Period, Clearance Period
A period with no treatment given in a crossover trial between two active phases, letting the first treatment's effects fully dissipate.
Waste in HealthcareTermHealthcare Waste, Wasteful Spending
Healthcare spending that does not contribute to improving patient health, covering administrative waste, clinical waste, and operational inefficiency.
Watchful WaitingTermExpectant Management, Conservative Monitoring
A management approach for slow-growing or low-risk conditions involving close monitoring over time without immediate active treatment.
Weak DominanceConceptNon-Strict Dominance, Weakly Dominated Option
Weak dominance is when another option costs no more and is at least as effective, and is strictly better on one, so the dominated option is dropped.
Weak RecommendationTermGrade 2 Recommendation, Qualified Recommendation
Within GRADE, a conditional recommendation indicating benefits probably outweigh harms with less certainty, so patients might reasonably choose differently.
Wearable DataTermWearable Sensor Data, Device-Generated Data
Health-related information collected through devices such as fitness trackers or glucose monitors, capturing physiological measures continuously over time.
Wearable DeviceTermWearable Device Health, Health Wearable
An electronic device worn on the body, such as a smartwatch, capable of continuously monitoring physiological parameters such as heart rate.
Weibull DistributionConceptWeibull Probability Distribution, Weibull Density
A flexible probability distribution capable of a monotonically increasing or decreasing hazard rate depending on its shape parameter.
Weibull ModelConceptWeibull Survival Model, Weibull Regression
A survival model based on the Weibull distribution, representing an increasing or decreasing hazard over time, though restricted to a monotonic pattern.
Weight ManagementTermWeight Control, Weight Loss Programme
A clinical and behavioural approach to achieving and maintaining a healthy body weight, combining dietary counselling, activity guidance, and sometimes drug or surgical treatment.
Weight Management EconomicsTermEconomics of Weight Management, Obesity Intervention Economics
The application of health economic evaluation to weight management programmes, spanning behavioural counselling, medication, and bariatric surgery.
Weighted Log-RankConceptWeighted Rank Test, G-Rho Family Test
A survival-curve comparison test that weights each event-time observed-minus-expected count to emphasize a prespecified pattern of differences over follow-up.
Weighting DesignTermSurvey Weighting, Sampling Weight Design
A study design element specifying how observations should be weighted to account for unequal sampling probabilities or non-response, representing the target population.
Welfare EconomicsConceptWelfarism, Welfare Theory
Welfare economics is the normative branch of economics that judges whether changes in the allocation of resources and health make society better off.
Welfare TheoremTermFundamental Theorems of Welfare, Efficiency-Equilibrium Theorem
Either of two foundational results linking competitive market equilibrium to Pareto efficiency, given appropriate initial resource redistribution.
WellbeingTermWell-Being, Life Satisfaction
A broad concept covering an individual's overall state of comfort, health, and happiness, of which health-related quality of life is one part.
WhistleblowerTermWhistle-Blower, Disclosure of Wrongdoing
An individual reporting suspected fraud, compliance violations, or misconduct within an organisation to an appropriate authority, sometimes via a lawsuit.
White Box ModelTermTransparent Model, Glass-Box Model
A model whose complete internal structure, assumptions, and calculations are fully transparent and accessible to external reviewers, the opposite of a black box.
WHOTermWorld Health Organization, World Health Organisation
The World Health Organization, a United Nations agency coordinating international public health efforts and setting global health standards.
Whole-of-GovernmentTermJoined-Up Government, Cross-Departmental Action
A policy approach where multiple government departments work collaboratively across sectoral boundaries to address a shared objective, such as population health.
Whole-of-SocietyTermMultisectoral Engagement, All-of-Society Action
A policy approach engaging government, civil society, the private sector, and communities collaboratively toward a shared health objective.
Wilcoxon TestConceptWilcoxon Rank-Sum Test, Wilcoxon Signed-Rank Test
A test comparing survival distributions that gives greater weight to earlier event times than later ones, unlike the standard log-rank test.
Willingness to AcceptConceptWTA, Compensation Demanded
The minimum compensation an individual would require to voluntarily give up a good or accept a worse outcome.
Willingness to PayConceptWTP, Maximum Price Payable
Willingness to pay (WTP) is the most money a person would give up for a health gain or other benefit, used to value outcomes in cost-benefit analysis.
Willingness-to-Pay EstimationConceptWTP Estimation, WTP Elicitation
The empirical process of measuring willingness to pay, typically through stated preference methods such as contingent valuation or discrete choice experiments.
Willingness-to-Pay ThresholdConceptWTP Threshold, Cost-Effectiveness Willingness-to-Pay
A willingness-to-pay threshold is the cost per QALY below which a treatment counts as good value; strictly, the most society would pay for one extra QALY.
Willpower ConceptTermWillpower, Self-Regulation
The psychological capacity to control impulses and sustain effort toward long-term goals despite competing short-term temptations.
WithdrawalTerm
The voluntary or involuntary discontinuation of a participant's trial involvement before its planned completion, whether from adverse events or personal choice.
Within Patient AnalysisTerm
A statistical comparison examining changes in outcomes over time within the same individuals, such as their response to two treatments in a crossover trial.
Within Subject VariationConcept
The degree to which repeated measurements on the same individual fluctuate over time, unlike between-subject variation reflecting differences across individuals.
Within-Trial EvaluationTerm
An economic evaluation using cost and outcome data collected directly within a clinical trial's follow-up period, without extrapolation beyond it.
Witnessed ConsentTerm
A consent process in which an independent third party observes and attests to a patient providing informed consent, for higher-risk procedures.
Work ProductivityTerm
The output an employee generates per unit of time worked, which health conditions can reduce through both absence and diminished performance.
Work Productivity OutcomeTerm
A measure capturing a health condition's effect on work-related productivity, covering both absenteeism, time missed entirely, and presenteeism, reduced performance while present.
Work RVUTerm
A US Medicare relative value component reflecting the physician time, skill, and effort required to perform a specific service.
Workforce PlanningTerm
The process of forecasting future healthcare workforce needs and developing strategies to ensure an adequate supply of trained professionals.
Workforce PolicyTerm
Policy governing the training, distribution, and regulation of the healthcare workforce, covering education funding, licensure, and scope of practice.
Working CapitalTerm
The difference between an organisation's current assets and current liabilities, representing the resources available to fund day-to-day operations.
Working CorrelationTerm
In generalised estimating equations, an assumed correlation structure among repeated observations, improving statistical efficiency even if not perfectly correct.
Working Life YearsTerm
The total years an individual is expected to participate in the paid workforce, used to estimate the economic value of avoiding premature death.
Worst Case AnalysisTerm
A sensitivity analysis setting every uncertain parameter simultaneously to its least favourable value, producing the most pessimistic possible result the model could generate.
Worst Case ScenarioTerm
A combination of assumptions representing the least favourable plausible circumstances for an intervention's cost-effectiveness, used within scenario analysis.