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.
E
- Expenditure ControlExpenditure Limitation, Spending Restraint
- The mechanisms used to monitor and limit healthcare spending within a budget, such as prior authorisation and global budget caps.
G
- Global BudgetAggregate Budget Ceiling, Aggregate Funding Envelope
- A predetermined total funding amount allocated to a programme, sector, or provider for a defined period, within which spending decisions are made.
- Global Budget SystemSector Budget Cap, Total Budget Arrangement
- A financing arrangement where providers or an entire sector operate within a predetermined total spending limit, rather than being paid per service.
- Global BudgetingAggregate Budgeting, Fixed-Envelope Budgeting
- A budgeting approach allocating a fixed total funding amount to a programme, provider, or sector for a defined period.
P
- Provider PaymentProvider Reimbursement, Payment Mechanism
- Provider payment refers to the methods and arrangements through which healthcare providers are paid for delivering services, including fee-for-service, capitation, bundled payments, salaries, global budgets and value-based payment.
V
- Volume ControlVolume Management, Quantity Control
- Mechanisms used to manage or limit the total quantity of healthcare services delivered, such as capacity constraints or global budget caps.