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 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.
- Budget Impact Model PharmaManufacturer Budget Impact Model, Pharma BIM
- A budget impact model developed by a pharmaceutical manufacturer to project a product's financial consequences, typically submitted alongside a cost-effectiveness analysis.
- Budget Impact ModellingBudget Impact Modeling, BIA Modelling
- The practice of building and applying budget impact models to estimate the financial consequences of adopting a health technology.
T
- Technology IncidenceTechnology Introduction Rate, New-Tech Entry Rate
- The rate at which a new health technology is adopted into clinical practice over time following its introduction, an input to budget impact models.