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.
I
- Incremental Net Monetary BenefitINMB, Incremental Monetary Net Benefit
- Incremental net monetary benefit, or INMB, converts the difference in health outcomes between two alternatives into a monetary value at a stated cost-effectiveness threshold and then subtracts their difference in cost.
L
- LambdaCost-Effectiveness Threshold Symbol, WTP Ceiling Symbol
- The symbol conventionally used for the cost-effectiveness threshold, or willingness to pay per unit of health effect, in net monetary benefit analysis.
N
- Net Monetary BenefitNMB, Money-Valued Benefit
- A summary measure expressing an intervention's value in money, converting its incremental health effect into cash at a set threshold and subtracting incremental cost.