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.
A
- Alert FatigueConceptAlarm Fatigue, Alert Desensitisation
- A phenomenon in which providers become desensitised to computerised clinical alerts from excessive frequency, causing them to override even important ones.
- All-Cause MortalityTermTotal Mortality, Overall Death Rate
- The rate of death from any cause within a defined population, unlike cause-specific mortality, which measures deaths from one particular condition.
- All-Inclusive RateTermAll-Inclusive Payment, Global Rate, Comprehensive Episode Rate
- A single, comprehensive payment amount covering all services during a defined care episode, such as a per diem hospital rate.
- All-Payer SystemTermAll-Payer Rate Setting, Uniform-Rate System
- A financing arrangement where all payers, public or private, reimburse providers at the same uniformly set rate for a given service.
- Allergy AlertTermAllergy Warning, Drug Allergy Warning
- A computerised notification warning a prescriber that a proposed medication conflicts with a patient's documented allergy.
- Allergy EconomicsTermEconomics of Allergy, Allergic Disease Economics
- The application of health economic evaluation to allergic conditions, covering environmental and food allergies and allergen immunotherapy.
- Alliance ModelTermAlliance Contracting, Collaborative Alliance
- A health system arrangement where multiple independent organisations formally collaborate while retaining autonomy, coordinating around shared objectives such as purchasing power.
- Allocation ConcealmentTermConcealed Allocation, Allocation Masking
- A safeguard in randomised trials ensuring the assignment sequence is unknown to those enrolling participants until after enrolment, preventing selection bias.
- Allocative DistortionTermAllocative Inefficiency, Resource Misallocation
- A departure from the efficient allocation of resources across competing uses, typically caused by market failure, regulation, or mispriced goods.
- Allocative EfficiencyConceptAllocative Optimality, Value-Maximising Allocation
- Allocative efficiency is the assignment of scarce resources among competing uses so that no feasible reallocation can improve the stated social objective.
- Allocative Efficiency MeasureTermAllocative Efficiency Indicator, Value-Allocation Measure
- A quantitative indicator assessing whether resources within a health system are directed toward the combination of services producing the greatest total health benefit.
- Allowed AmountTermAllowed Charge, Recognised Payment
- The maximum an insurer will recognise as payment for a service under its provider contracts, which may be less than the amount billed.
- Alma-Ata DeclarationTermDeclaration of Alma-Ata, Alma-Ata 1978
- An influential 1978 international declaration formally articulating primary healthcare as the foundation of an effective health system, essential to health for all.
- Alpha SpendingConceptError Spending
- Alpha spending is a group sequential trial method that spreads the type I error rate (alpha) across interim and final analyses as information accrues.
- Alteration of ConsentTermConsent Alteration, Modified Consent
- A modification to the standard consent process, such as omitting information, permitted under specific conditions where it would not harm participant welfare.
- Alternative HypothesisTermH1, Research Hypothesis
- In hypothesis testing, the specific claim tested against the null hypothesis, typically representing a genuine effect the researcher is trying to detect.
- Alzheimer DiseaseTermAlzheimer's Disease, Alzheimer Dementia
- A progressive neurodegenerative condition and the most common cause of dementia, marked by gradual decline in memory, cognition, and independence.
- AMA DischargeTermDischarge Against Medical Advice, Self-Discharge
- A hospital discharge occurring against medical advice, where a patient chooses to leave before clinicians recommend, despite informed risk disclosure.
- Ambulatory CareTermOutpatient Care, Ambulatory Services
- Healthcare services delivered on an outpatient basis without an overnight stay, covering office visits, same-day procedures, and diagnostic testing.
- Ambulatory Payment ClassificationTermAPC, Outpatient Payment Grouping
- A US Medicare outpatient classification system grouping clinically similar services expected to require similar resource use into a common payment category.
- Ambulatory Surgery CentreTermASC, Day-Surgery Unit
- A specialist facility providing same-day surgical procedures not requiring overnight stay, typically at lower cost than an equivalent hospital procedure.
- AMCP DossierTermAcademy of Managed Care Pharmacy Dossier, AMCP Format Dossier
- A standardised submission format from the Academy of Managed Care Pharmacy for presenting evidence to US managed care organisations and PBMs.
- AMR Economic BurdenTermResistance Cost Burden
- The total economic cost attributable to antimicrobial resistance, covering increased treatment costs, longer hospital stays, and lost productivity from resistant infections.
- Anaemia EconomicsTermAnemia Economics, Economics of Anaemia
- The application of health economic evaluation to anaemia, comparing treatments from iron supplementation through more advanced therapies for chronic-disease-related cases.
- Anaesthesia ConsentTermAnesthesia Consent, Anaesthetic Consent
- The specific informed consent process addressing the risks, benefits, and alternatives of the anaesthesia component of a procedure.
- Anaesthesiology EconomicsTermAnesthesiology Economics, Economics of Anaesthesia
- The application of health economic evaluation to anaesthesiology, covering technique selection, staffing models, and their impact on surgical outcomes and recovery.
- Analysis ErrorConceptAnalytic Error, Analysis Mistake
- A mistake introduced during statistical or economic analysis, such as incorrect model specification, leading to inaccurate conclusions despite correct underlying data.
- Analytic EpidemiologyTermAnalytical Epidemiology, Hypothesis-Testing Epidemiology
- A branch of epidemiology testing specific hypotheses about disease causes by comparing exposed and unexposed groups to estimate measures of association.
- Anatomical Therapeutic Chemical (ATC) ClassificationTermATC, ATC Classification, ATC Code
- A drug classification system organising medications by the organ system they act on, therapeutic intent, and chemical characteristics, used internationally.
- Anchor-Based MIDTermAnchor-Based Minimal Important Difference, Anchor-Based Threshold
- An approach to estimating the minimal important difference by comparing changes in an outcome measure against an external anchor, such as a patient's global rating.
- Anchoring BiasTermStarting Point Bias, Initial Value Effect
- In stated preference research, the tendency for a respondent's stated willingness to pay to be influenced by an initial value shown during elicitation.
- Anchoring Bias in ElicitationTermElicitation Anchoring, Expert Anchoring Bias
- The tendency for an expert's numerical judgement in a structured elicitation to be disproportionately swayed by an initial reference value shown to them.
- Anchoring ConceptTermAnchoring Heuristic, Anchor Bias Effect
- A cognitive bias in which an initial piece of information disproportionately influences subsequent judgements, even when arbitrary.
- Annual CostTermYearly Cost, Annual Treatment Cost
- The total expense of a treatment or condition over a one-year period, a standardised basis for comparing chronic treatment costs.
- Annual LimitTermYearly Benefit Cap, Annual Benefit Limit
- A cap on the total amount an insurance plan will pay for covered services within a year, beyond which the enrollee pays.
- Annual MaximumTermYearly Maximum Benefit, Maximum Annual Payout
- The highest total amount an insurance plan will pay toward an enrollee's covered costs within a year, beyond which costs fall to them.
- Annuity PaymentConceptInstalment Payment, Installment Payment, Amortised Payment
- Annuity payment is an agreement to pay for a one-off therapy in yearly instalments, not upfront, with later ones sometimes stopping if the therapy fails.
- AnonymizationTermAnonymisation, Irreversible De-Identification
- The process of removing identifying information from a dataset so individuals can no longer be identified, even indirectly, unlike reversible de-identification.
- Anonymous ReportingTermConfidential Reporting, Whistleblower Reporting
- A mechanism allowing individuals to report suspected compliance violations without revealing their identity, encouraging reporting by reducing fear of retaliation.
- Antenatal Care CoverageTermANC Coverage, Prenatal Care Coverage
- A measure of the proportion of pregnant women receiving recommended prenatal visits, a tracer indicator for universal health coverage.
- Anti-Kickback StatuteTermAKS, Federal Anti-Kickback Law
- A US federal law prohibiting exchanges of value for patient referrals reimbursable under federal healthcare programmes.
- Antibiotic StewardshipTermPrudent Prescribing, Stewardship Programme
- A coordinated set of strategies optimising antibiotic prescribing to improve outcomes, reduce resistance, and cut unnecessary healthcare costs.
- Anticoagulation EconomicsTermAnticoagulant Economics, DOAC Economics
- The application of health economic evaluation to anticoagulation care as a whole, including medication choice alongside monitoring services and dose management.
- Antifungal EconomicsTermAntifungal Drug Economics, Economics of Antifungals
- The application of health economic evaluation to fungal infection medications, comparing older, cheaper agents against newer, often costlier antifungal treatments.
- Antihypertensive EconomicsTermAntihypertensive Drug Economics, Blood-Pressure Medication Economics
- The application of health economic evaluation to blood pressure medications, comparing drug classes and combinations on cost and long-term cardiovascular risk reduction.
- Antimicrobial EconomicsTermAnti-Infective Economics, Economics of Antimicrobials
- The broad application of health economic evaluation to medications treating bacterial, viral, fungal, and parasitic infections.
- Antimicrobial ResistanceConceptAMR, Antibiotic Resistance
- The reduced susceptibility of a microorganism to an antimicrobial medicine that would otherwise inhibit or kill it, potentially making an infection harder to treat.
- Antiparasitic EconomicsTermAntiparasitic Drug Economics, Economics of Antiparasitics
- The application of health economic evaluation to parasitic infection medications, from common intestinal parasites to more severe diseases such as malaria.
- Antiplatelet EconomicsTermAntiplatelet Drug Economics, Economics of Antiplatelets
- The application of health economic evaluation to antiplatelet medications preventing clot formation, weighing cost and bleeding risk against reduced cardiovascular events.
- Antithetic VariatesConceptAntithetic Sampling, Antithetic Variables
- Antithetic variates are a variance reduction method that pairs each random draw with its mirror image so errors tend to cancel in Monte Carlo simulation.