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.
C
- Cost per QALYCost/QALY, Cost per Quality-Adjusted Life Year
- A measure of value for money in cost-utility analysis, calculated as incremental cost divided by the quality-adjusted life years gained relative to a comparator.
- Cost per QALY ThresholdQALY Threshold, Threshold per QALY
- The maximum cost per quality-adjusted life year a health system is willing to pay for a health gain, used as the decision criterion in cost-utility analysis.
- Cost-Utility AnalysisCUA, QALY-Based Cost-Effectiveness
- Cost-utility analysis is a full economic evaluation that compares healthcare alternatives by relating differences in their costs to differences in preference-weighted health outcomes, most commonly quality-adjusted life years.