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.
F
- Financial Ratio
- A quantitative measure derived from an organisation's financial statements, used to assess liquidity, solvency, or profitability.
H
- Hard Budget Constraint
- A binding spending limit an organisation cannot exceed without genuine financial consequences, such as insolvency or service cuts.
S
- Solvency
- The financial capacity of an organisation, such as an insurer or hospital, to meet its long-term financial obligations as they come due.