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.
M
- Managed Access AgreementMAA, NICE Managed Access
- A formal arrangement between manufacturer and payer establishing conditions, such as price or eligibility criteria, under which a new treatment is made available.
N
- NICENational Institute for Health and Care Excellence, National Institute for Clinical Excellence
- The National Institute for Health and Care Excellence, conducting assessment and developing guidelines for the NHS in England and, for some functions, Wales.
- NICE ThresholdNICE Cost-Effectiveness Threshold, NICE QALY Threshold
- The range of cost per QALY, typically cited as between twenty thousand and thirty thousand pounds, that NICE uses to judge acceptable NHS spending.