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.
B
- Budget ApprovalBudget Authorisation, Budget Sign-Off
- The authorised decision to allocate or permit specified spending for a defined health purpose, budget holder and period, often with explicit conditions.
- Budget HolderBudget Manager, Fundholder
- An individual or department with formal responsibility for managing a defined portion of an organisation's budget.
- Budget ImpactBudgetary Impact, Spending Impact
- Budget impact is the change in expenditure expected for a specified budget holder when a health technology, programme, or policy is introduced compared with the current or alternative funding scenario.
- Budget Impact AnalysisBIA, Budget Impact Assessment
- An assessment of how adopting a health technology or policy would change spending for a particular budget holder over a specified period.
- Budget Impact ModelBIM, Budget Impact Spreadsheet
- A budget impact model estimates how introducing, removing, or changing use of a health technology will alter expenditure for a specified budget holder over a short- to medium-term planning horizon.