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
- Fixed CostFixed Expense, Non-Variable Cost
- A cost that does not vary with the level of output or service volume in the short run, such as rent.
S
- Semi-Variable CostMixed Cost, Semi-Variable Expense
- A cost containing both a fixed and a variable component, such as a utility bill with a base charge plus a per-unit fee.
V
- Variable CostVariable Expense, Volume-Dependent Cost
- A cost that changes in direct proportion to output or service volume, such as medical supplies used per patient treated.