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
- Evidence BaseTermResearch Evidence Corpus, Body of Findings
- The complete collection of research findings relevant to a particular question, upon which conclusions and recommendations are built.
- Evidence GapTermResearch Gap, Missing-Evidence Area
- An area of clinical or health economic uncertainty where insufficient or absent research evidence exists to confidently answer a relevant question.
- Evidence Generation PlanTermEvidence Development Plan, Post-Approval Evidence Plan
- A prospectively developed strategy outlining what further clinical or real-world evidence will be collected after a technology's initial approval or reimbursement.
- Evidence GradingTermEvidence Quality Grading, Certainty Grading, Evidence Rating
- The formal process of classifying the quality or certainty of a body of research evidence into defined categories, such as high or low.
- Evidence ImplementationTermEvidence Uptake, Research-into-Practice Translation
- The systematic process of translating research findings into actual routine practice, addressing the gap between what works and what is done.
- Evidence ReviewTermAssessment-Question Review, Research Evidence Appraisal
- A systematic evaluation of available research evidence relevant to a specific assessment question, following established systematic review methodology.
- Evidence Review GroupTermERG, Independent Review Team, Academic HTA Group, Academic Assessment Group, University HTA Team
- An independent academic team commissioned to critically evaluate a manufacturer's submitted evidence, informing the appraisal committee's deliberations.
- Evidence SourceTermData Origin, Evidence Origin
- The specific origin of data or findings used to inform a health economic model, from clinical trials to published literature.
- Evidence SynthesisConceptEvidence Combination, Research Synthesis
- The structured integration and appraisal of findings from multiple studies to answer a defined question while accounting for comparability, bias and uncertainty.
- Evidence Synthesis HTATermHTA Evidence Synthesis, Assessment Data Synthesis
- The process of systematically combining findings from multiple studies into a coherent summary, supporting both effectiveness conclusions and model parameters.
- Evidence TableConcept
- An evidence table is a structured table setting out the design, participants, interventions, outcomes, results and quality of each study in a review.
- Evidence UpdateTermAssessment Update, Guideline Refresh
- A revision to a previously completed assessment or guideline incorporating newly available evidence that has emerged since it was conducted.
- Evidence-Based Decision MakingConceptEvidence-Informed Decision Making
- Evidence-based decision making is the systematic use of the best research evidence, with values and context, to make health policy and coverage decisions.
- Evidence-Based MedicineTermEBM, Evidence-Based Practice, Evidence-Based Health Care, Evidence-Based Healthcare
- An approach to clinical practice emphasising conscientious, explicit use of current best research evidence, integrated with clinical expertise and patient values.
- Ex Ante Moral HazardTermPre-Loss Moral Hazard, Preventive Moral Hazard
- A change in behaviour occurring before a loss event because of insurance coverage, such as reduced investment in preventive health behaviours.
- Ex Post Moral HazardTermPost-Loss Moral Hazard, Utilisation Moral Hazard
- An increase in healthcare utilisation occurring after an insured event because insurance reduces the marginal price the patient faces for care.
- Ex-Ante EvaluationTermBefore-Implementation Evaluation, Forward-Looking Evaluation
- An economic evaluation conducted before an intervention has been implemented, typically relying on modelled projections rather than observed outcome data.
- Ex-Post EvaluationTermAfter-Implementation Evaluation, Outcome-Based Evaluation
- An economic evaluation conducted after an intervention has been implemented, using observed data on its actual costs and outcomes.
- Exceptional FundingTermExceptional Case Funding, Individual Exception Funding
- A mechanism allowing an individual patient to receive funding for a treatment not otherwise covered, when their circumstances are genuinely exceptional.
- Excess DaysTermExcess Bed Days, Additional Inpatient Days
- The number of hospital days a patient spends beyond what would typically be expected for their diagnosis, an inefficiency indicator.
- Excess HazardTermDisease-Specific Hazard, Net Hazard
- The additional death risk attributable specifically to the disease studied, the difference between total observed hazard and the background hazard in a comparable population.
- Excess MortalityTermExcess Deaths, Attributable Mortality
- The additional death risk attributable to a specific condition, the difference between an affected population's observed mortality and that of a comparable unaffected group.
- ExchangeTermACA Marketplace, Insurance Plan Marketplace
- An organised marketplace, established under insurance regulation such as the Affordable Care Act, where individuals compare and buy health insurance plans.
- Exchange RateTermFX Rate, Currency Conversion Rate
- The price of one currency expressed in terms of another, used to convert costs or prices between countries.
- Exchangeable CorrelationConceptCompound Symmetry, Exchangeable Working Correlation
- A correlation structure for repeated measures assuming any two observations within the same cluster are equally correlated, regardless of their timing or order.
- ExcludabilityTermExcludable Property, Exclusion Feasibility
- A characteristic of a good describing whether it is possible to prevent those who have not paid for it from consuming it.
- Exclusion CriteriaTermTrial Exclusion Rules, Disqualifying Characteristics
- The specific characteristics that disqualify an otherwise eligible individual from a trial, such as a comorbidity that might confound results.
- Exclusion ErrorTermUnder-Targeting, Eligible Non-Reach
- A failure of a targeted programme to reach individuals who meet its eligibility criteria and should receive its benefits.
- Exclusion ListTermNon-Covered Drug List, Drug Exclusion Roster
- A list of medications explicitly not covered under a health plan's formulary, typically due to available clinically equivalent, lower-cost alternatives.
- Exemption PolicyTermMandate Exemption Rules, Hardship Exemption Rules
- The rules governing circumstances under which an individual is not required to comply with an insurance mandate without facing a penalty.
- Expanded AccessTermPre-Approval Access, Investigational Access Pathway
- A regulatory pathway, sometimes called compassionate use, letting patients with a serious condition receive an investigational treatment outside a trial.
- Expanded Disability Status ScaleConceptEDSS, Kurtzke EDSS
- Expanded Disability Status Scale (EDSS) is a clinician-rated 0 to 10 scale of multiple sclerosis disability, often used to set health states in MS models.
- Expansion PathTermCost-Minimising Path, Optimal Input Trajectory
- The set of cost-minimising input combinations as output rises, holding relative input prices constant.
- Expected LossTermExpected Opportunity Loss, Probability-Weighted Loss
- The probability-weighted average cost of making an incorrect decision under uncertainty, calculated across all possible states and their probabilities.
- Expected Net BenefitConceptAverage Net Benefit, ENB
- Expected net benefit is the mean net benefit of a healthcare option across parameter uncertainty at a set threshold; the option with the highest is chosen.
- Expected Net Benefit of SamplingConceptENBS, Expected Net Gain of Sampling, ENGS
- Expected net benefit of sampling (ENBS) is a proposed study's population expected value of sample information minus its expected total cost.
- Expected UtilityConceptEU, Utility Under Uncertainty
- Expected utility is the probability-weighted average of the utilities assigned to an uncertain option's possible outcomes, used to rank choices under risk when preferences satisfy the required axioms.
- Expected ValueConceptMean Outcome, Probability-Weighted Average
- Expected value is the probability-weighted mean of an uncertain outcome, such as a cost or QALY total, across all its possible values.
- Expected Value AnalysisConceptExpected-Value Decision Making, Mean-Outcome Analysis
- Expected value analysis compares health care options under uncertainty by their probability-weighted average outcomes, such as expected costs and QALYs.
- Expected Value of Partial Perfect InformationConceptEVPPI, Partial Perfect-Information Value
- Expected value of partial perfect information (EVPPI) is the expected gain in net benefit from knowing selected model parameters exactly before deciding.
- Expected Value of Perfect InformationConceptEVPI, Perfect-Information Value
- Expected value of perfect information (EVPI) is the expected gain from removing all uncertainty in a funding decision, the upper limit on research value.
- Expected Value of Sample InformationConceptEVSI, Sample-Information Value
- Expected value of sample information (EVSI) is the expected net benefit gained by deciding after a specific proposed study reports instead of deciding now.
- Expenditure ControlTermExpenditure Limitation, Spending Restraint
- The mechanisms used to monitor and limit healthcare spending within a budget, such as prior authorisation and global budget caps.
- Expense BudgetTermRunning-Cost Budget, Operating Expense Plan
- A budget covering the routine operating costs of running an organisation, including salaries, supplies, and overheads.
- Experience GoodTermPost-Purchase-Assessed Good, Experience Product
- A good whose quality can only be judged by the consumer after purchase and use, unlike a search good assessed beforehand.
- Experience RatingConceptClaims-Based Rating, Experience-Based Premiums
- A method setting premiums based on the actual historical claims experience of a specific individual or group, rather than a community average.
- Experienced UtilityTermHedonic Utility, Lived Utility
- The actual hedonic experience, such as pleasure or suffering, undergone while in a health state, unlike the decision utility anticipated in advance.
- Experimental DesignConceptExperimental Study Design, Design of Experiments
- The systematic planning of an empirical study to allow valid causal inference, including decisions about randomisation, control groups, and study conditions.
- Expert ConsultationTermExpert Input, Specialist Consultation
- The process of seeking input from subject matter experts to inform a research question or fill a gap in the evidence.
- Expert ElicitationTermStructured Expert Judgement, Elicitation of Expert Opinion
- A structured process for obtaining quantitative judgements from subject matter experts on uncertain quantities when direct empirical data are unavailable.
