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.
W
- 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.