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
- Finite Mixture ModelConceptFMM, Latent Subgroup Model
- A statistical model representing a population as a combination of a finite number of distinct subgroups, each following its own probability distribution.
- First Generic EntryTermFirst Generic Launch, Generic Market Entry
- The introduction of the first generic competitor after a brand-name drug's patent and exclusivity expire, typically bringing a substantial initial price cut.
- First-in-ClassTermNovel Mechanism Drug, Pioneer Drug
- A designation for a treatment introducing an entirely novel mechanism of action not previously available for a given condition.
- First-Line TreatmentTermFirst-Line Therapy, Initial Therapy
- The treatment recommended as the initial therapy for a condition, typically selected on the strongest available evidence of efficacy and safety.
- First-Order IndexConceptFirst-Order Sobol Index, Sobol First-Order Index, Main-Effect Sensitivity Index, First-Order Sensitivity Index, S1
- A first-order index in variance-based sensitivity analysis is the fraction of model-output variance explained by changes in the conditional mean when one uncertain input varies on its own under the specified input distribution.
- First-Order UncertaintyTermStochastic Uncertainty, Individual-Level Variability, Variability Analysis, Variability Assessment, Variability Decomposition
- Uncertainty arising from variation among individual patients within a modelled population, unlike parameter uncertainty concerning imperfect knowledge of a true average value.
- Fiscal SpaceTermBudgetary Headroom, Fiscal Headroom
- The budgetary room available to a government to increase spending on a priority, such as healthcare, without jeopardising overall fiscal stability.
- Fiscal SustainabilityTermBudgetary Sustainability, Long-Run Fiscal Viability
- The capacity of a health system's financing arrangements to be maintained long term without unsustainable debt or disruptive future cuts.
- Fishbone AnalysisTermIshikawa Analysis, Cause-and-Effect Analysis
- The process of applying a cause and effect diagram to systematically identify and organise potential root causes of a quality problem.
- Five Whys AnalysisTerm5 Whys, Iterative Why Technique
- A simple, iterative root cause technique repeatedly asking why, typically five times, to drill down from a problem to its fundamental cause.
- Fixed BudgetTermStatic Budget, Fixed Allocation
- A budget set at a specific level regardless of changes in activity or service volume during the period.
- Fixed CostTermFixed 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.
- Fixed Effect ModelConceptCommon-Effect Model, Fixed-Effect Meta-Analysis, Fixed Effect Synthesis, Common-True-Effect Synthesis, Inverse-Variance Fixed Synthesis
- A meta-analysis model assuming all included studies estimate the same true effect, with observed variation attributed entirely to sampling error.
- Fixed EffectsConceptFixed-Effects Model, Within Estimator
- A panel data modelling approach estimating a separate intercept for each individual or group, controlling for all its time-invariant characteristics.
- FLACC ScaleConceptFLACC, Face Legs Activity Cry Consolability Scale
- FLACC Scale is an observer-rated pain score for young or non-verbal children, totalling 0 to 10, used as a trial outcome but unable to give QALYs directly.
- Fleming-Harrington EstimatorConceptFleming-Harrington Survival Estimator, Weighted Survival Estimator
- A statistical technique for estimating the survival function from censored data, more flexible than the Kaplan-Meier estimator in weighting events over time.
- Fleming-Harrington TestConceptFleming-Harrington Weighted Test, G-Rho Test
- A hypothesis test comparing survival distributions between groups, generalising the log-rank test by allowing different weights for events at different follow-up times.
- Flexible BudgetTermVariable Budget, Activity-Adjusted Budget
- A budget that adjusts automatically according to actual levels of activity or service volume, rather than staying fixed.
- Flexible Parametric ModelConceptSpline-Based Survival Model, Flexible Hazard Model
- A flexible parametric model is a fully specified regression model that represents a transformed survival function with smooth functions of time, commonly restricted cubic splines, so complex hazards and time-varying effects can be estimated and extrapolated.
- Flexible Pricing SchemeTermFlexible Pricing Arrangement, Adaptive Pricing
- A pricing arrangement allowing a treatment's effective price to vary over time or circumstances, such as patient response, rather than staying fixed.
- Flexible Spending AccountTermFSA, Pre-Tax Health Account
- A US tax-advantaged account letting employees set aside pre-tax income for eligible healthcare expenses, typically subject to a use-it-or-lose-it rule.
- Floor EffectTermFloor Limitation, Bottom-End Clustering
- A measurement limitation in which many respondents score at or near the worst possible value, leaving an instrument unable to detect further deterioration.
- Flow ChartTermFlowchart, Process Flow Diagram
- A visual diagram depicting the sequential steps within a process, using standardised symbols for different actions and decision points.
- Flow ManagementTermPatient Flow Optimisation, Throughput Coordination
- Strategies optimising the movement of patients through a facility from arrival through treatment to discharge, minimising unnecessary delays.
- Focus GroupConcept
- A focus group is a moderated small-group discussion used in health research and economic evaluation to explore people's views through their interaction.
- Folding BackConceptBackward Induction, Rolling Back
- Folding back is the backward evaluation of a decision tree that takes probability-weighted values at chance nodes and selects the preferred feasible action at decision nodes under a stated objective.
- Follow-Up AppointmentTermFollow-Up Visit, Review Appointment
- A scheduled visit after an initial treatment or hospitalisation, intended to monitor recovery and address any emerging concerns.
- For-Profit HospitalTermInvestor-Owned Hospital, Proprietary Hospital
- A hospital organised as a for-profit business entity, distributing operating surplus to shareholders rather than reinvesting it entirely, unlike a non-profit hospital.
- Force Field AnalysisTermForce Field Diagram, Driving-Restraining Analysis
- A structured technique analysing a proposed change by identifying forces supporting it and forces resisting it, guiding change strategy.
- Force of InfectionConceptInfection Hazard, Infection Rate Parameter
- The rate at which susceptible individuals become infected, determined jointly by disease prevalence and the rate and probability of transmission per contact.
- Forest PlotTermForest Diagram, Blobbogram
- A graphical display presenting each study's estimate and confidence interval alongside a meta-analysis's overall pooled result, typically as horizontal lines and a diamond.
- Formative EvaluationTermDevelopmental Evaluation, Improvement-Focused Evaluation
- An evaluation conducted during the development or early implementation of a programme, intended to provide feedback for improvement before full rollout.
- FormularyConceptPreferred Drug List, Approved Medication List
- A list of medications approved for coverage by a health plan or system, often organised into tiers reflecting patient cost-sharing levels.
- Formulary DesignTermFormulary Structuring, Tier Design
- The process of determining a health plan's covered medication list structure, covering tier placement, prior authorisation, and access balance.
- Formulary ManagementTermFormulary Administration, Drug List Management
- The ongoing process by which a plan develops, maintains, and updates its covered medication list, covering tier placement and prior authorisation.
- Formulary SubmissionTermFormulary Dossier, Formulary Application
- A formal manufacturer application presenting clinical and economic evidence supporting a medication's inclusion on a plan's formulary.
- FormulationTermDrug Composition, Active-Inactive Blend
- The specific combination of a drug's active ingredient with inactive components, designed to achieve a desired dosage form, stability, and release profile.
- Formulation DevelopmentTermFormulation Design, Galenic Development
- The process of designing and optimising the physical form in which a drug is delivered, such as a tablet or injection, for stability and use.
- Fractional PolynomialConceptFP Model, Power-Transformation Model
- A flexible modelling technique representing a non-linear relationship using a small number of power transformations of a continuous variable.
- Fragmented SystemTermUncoordinated Health System, Siloed System
- A health system characterised by poor coordination across its financing, regulatory, and delivery components, often resulting in gaps or duplication.
- FrailtyTermPhysiological Vulnerability, Reduced Physiological Reserve
- A clinical syndrome of decreased physiological reserve and increased vulnerability to adverse outcomes following relatively minor stressors, commonly assessed with standardised criteria.
- Frailty ModelConceptRandom-Effect Survival Model, Unobserved Heterogeneity Model
- A survival model incorporating an unobserved random effect, called frailty, to represent risk heterogeneity not captured by observed covariates.
- Framing ConceptTermFraming Effect, Presentation Bias
- The principle that decisions can be swayed by how choices are presented, such as gains versus losses, even when options are equivalent.
- Framing InterventionTermLoss-Gain Framing, Message Framing
- The deliberate use of framing effects in intervention design, typically presenting information in terms of losses rather than gains, to influence decisions.
- Free ClinicTermCharitable Clinic, Volunteer Clinic
- A facility providing medical services at no direct cost, typically relying on volunteer clinicians and charitable funding for uninsured populations.
- Free GoodsTermFree Stock, Free-of-Charge Units
- Units of a treatment provided by a manufacturer at no cost, often used within a managed entry agreement to offset non-responder costs.
- Free PricingTermUnregulated Pricing, Free Market Pricing
- A pricing environment in which manufacturers set a drug's initial launch price without direct government price controls, largely the case in the US.
- Free Rider ProblemTermFree Riding, Collective Action Problem
- A situation in which individuals benefit from a shared resource or collective action without contributing to its cost, because exclusion is not feasible.
- Free Rider Problem in InsuranceTermInsurance Free Riding, Coverage Free-Riding
- The tendency for healthy individuals to skip buying insurance while relying on emergency care or others' willingness to fund risk pools.
- Frequentist AnalysisConceptFrequentist Inference, Classical Statistics
- A statistical inference approach based on the long-run frequency properties of estimators, calculated from observed data alone, unlike a Bayesian approach.
