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.
L
- Label ExtensionTermIndication Extension, Approved-Use Extension, Label Expansion
- An expansion of a drug's officially approved use to cover an additional population, indication, or dosing regimen not in its original approval.
- Laboratory DataTermLab Data, Lab Test Results
- Information derived from clinical laboratory testing, such as blood chemistry or biomarker assays, used to assess physiological status or treatment response.
- Laboratory Information SystemTermLIS, Lab Information System
- A specialist software system managing laboratory testing workflows, from sample tracking through result reporting, integrated with health records.
- Laboratory OutcomeTermLab Outcome, Lab-Based Outcome, Biochemical Response, Biochemical Marker Response, Laboratory Response
- A clinical outcome derived from laboratory testing of blood, urine, or other biological samples, assessing physiological status or treatment response.
- Labour EfficiencyTermLabor Efficiency, Staff Efficiency
- A measure of how effectively an organisation uses staff time and effort to generate patient care activity, avoiding wasteful workforce use.
- Landmark AnalysisConceptLandmark Method, Landmark Survival Analysis
- Landmark analysis is a survival method that starts follow-up at a set time, keeps only patients still event-free then and groups them by their status then.
- Language BarrierTermLinguistic Barrier, Communication Barrier
- An obstacle to healthcare arising from a mismatch between a patient's primary language and that used by providers or health materials.
- Language BiasConcept
- Language bias is a reporting bias in which a study's language of publication depends on its results, so reviews limited to English can misstate effects.
- Large Group MarketTermLarge Employer Market, Large Group Insurance
- The insurance market segment serving employers above a defined size threshold, often with greater flexibility in plan design and pricing.
- Large Simple TrialConcept
- A large simple trial randomises thousands of patients with simple entry rules and minimal data to detect moderate effects on death or serious disability.
- Last Observation Carried ForwardConceptLOCF, Carry-Forward Imputation
- Last observation carried forward (LOCF) fills missing trial follow-up values with each participant's last observed value, assuming no change after dropout.
- Last-Line TreatmentTermLast-Line Therapy, End-of-Line Treatment
- The final treatment option considered after all other appropriate therapies have been exhausted or have failed to control disease.
- Late AdopterTermLaggard, Late Majority
- An individual or organisation beginning to use a new innovation relatively late in its diffusion, often facing greater scepticism or barriers.
- Late EffectsTermLong-Term Sequelae, Delayed Treatment Effects
- Health problems arising months or years after cancer treatment ends, resulting from the lasting impact of the disease or its treatment.
- Latent Class AnalysisConceptLCA, Mixture Modelling
- Latent class analysis (LCA) finds unobserved patient subgroups from patterns in categorical data, such as recorded conditions or diagnostic test results.
- Latent Class ModelConceptLCM
- A statistical model that assumes a population consists of unobserved subgroups with distinct preferences, estimating both each subgroup's traits and individual membership probability.
- Latent Growth ModelConceptLatent Growth Curve Model, Growth Trajectory Model
- A latent growth model is a structural equation model treating each patient's starting level and rate of change in repeated health scores as latent factors.
- Latent PeriodTermLatency Period, Pre-Infectious Period
- The interval between exposure to an infectious agent and the point an infected person becomes capable of transmitting it to others.
- Latent Transition AnalysisConcept
- Latent transition analysis (LTA) is a longitudinal latent class method that estimates how patients move between unobserved health or behaviour states.
- Latent VariableConceptLatent Construct, Unobserved Variable
- A latent variable is an unobserved quantity, such as health-related quality of life or preference class membership, estimated from observed indicators.
- Latin Hypercube SamplingConcept
- Latin hypercube sampling is a stratified Monte Carlo design that draws each input to a health economic model once from each of n equally likely intervals.
- Launch PriceTerm
- The initial price at which a manufacturer introduces a new drug to a specific market, shaping both initial access and later reference pricing.
- Launch PricingTerm
- The overall strategy and process by which a manufacturer determines a new treatment's initial market price across its target markets.
- Launch SequencingTermLaunch Timing
- The strategic planning of the order a manufacturer introduces a treatment across national markets, influenced by international reference pricing linkages.
- Launch StrategyTermProduct Launch Strategy, Go-to-Market Strategy, Launch Plan
- The comprehensive plan a manufacturer develops for introducing a new treatment to market, covering pricing, market access, and evidence generation activities.
- Law of Large NumbersConceptLLN, Law of Averages
- The law of large numbers says the average of independent patient costs or simulation draws settles on the true mean as more are added.
- Lead IdentificationTerm
- An early drug discovery stage in which promising compounds from initial screening are characterised and prioritised for further development based on potency and selectivity.
- Lead OptimisationTermLead Optimization
- A drug discovery stage in which chemists modify a promising compound's structure to improve potency, selectivity, and pharmacokinetics before preclinical testing.
- Lead Time BiasTerm
- A bias in screening evaluations where earlier diagnosis appears to extend survival but only lengthens awareness of diagnosis, without delaying underlying disease progression.
- League TableTerm
- A table from a network meta-analysis displaying every treatment's estimated relative effect against every other treatment, organised for pairwise lookup.
- League Table ConstructionTermICER Ranking, League Table Assembly
- The process of assembling and ranking incremental cost-effectiveness ratios from multiple separate studies into a single comparative table to guide resource allocation.
- Leakage RateTermBenefit Leakage, Targeting Leakage
- The proportion of a targeted programme's total benefits that reach individuals outside its intended eligible population.
- Lean HealthcareTerm
- The application of lean management principles, from manufacturing, to healthcare process improvement, systematically identifying and eliminating waste in care delivery.
- Lean MethodologyTermLean, Lean Management
- A management approach, from manufacturing, focused on maximising value for the end customer while systematically minimising waste within a process.
- Least Squares ApproximationConceptLeast Squares, Ordinary Least Squares
- Least squares approximation estimates the coefficients of a chosen model by minimizing the sum of squared residuals between observed or target values and the corresponding model values.
- Leave-One-OutConcept
- Leave-one-out cross-validation tests a cost or risk prediction model by refitting it without each observation in turn and predicting the one left out.
- Left CensoringConcept
- Left censoring occurs when a patient's event, such as disease onset, is known only to have happened before the first observation, at an unknown time.
- Left TruncationConceptDelayed Entry, Late Entry
- Left truncation (delayed entry) occurs when people join a survival analysis risk set after time zero and are observed only if still event free at entry.
- Legal EvidenceTermLegal Documentation, Legal-Implications Evidence
- Documentation addressing the legal implications of an assessment decision, such as compliance with anti-discrimination or procedural fairness law.
- Legal FeasibilityTermLegal Viability, Legal-Framework Feasibility
- An assessment of whether a proposed policy is consistent with existing legal frameworks, or would require new legislative authority to implement.
- Legal ReviewTermLegal Examination, Legal Compliance Review
- An examination of a proposed assessment decision or process to assess compliance with applicable legal requirements.
- Length BiasTerm
- A bias in screening evaluations arising because screening preferentially detects slower-growing cases that stay detectable longer, while aggressive cases are more often missed.
- Length of StayTermLOS, Hospital Stay Duration
- The total duration of a single patient's hospital admission, from the date of admission to the date of discharge.
- Length Of Stay ManagementTermLOS Management, Stay Reduction
- Strategies used to appropriately manage and, where clinically suitable, reduce hospitalisation duration, through care coordination and discharge planning.
- Length of Stay ReviewTermLOS Review, Stay Duration Audit
- An evaluation of a hospitalisation's duration relative to what would typically be expected, identifying efficiency opportunities or investigating prolonged stays.
- LevelTerm
- A specific value an attribute can take within a discrete choice experiment, such as a waiting time of two weeks versus six.
- Level of DetailTermDetail Level, Model Resolution
- The degree of granularity with which a decision-analytic model represents disease states, events, and population characteristics.
- Level of EvidenceTermEvidence Level, Evidence Hierarchy Rank, Hierarchy of Evidence, Evidence Hierarchy
- A classification ranking a study design's strength based on its susceptibility to bias, placing randomised trials above case reports or opinion.
- Levels of CareTermCare Levels, Tiers of Care
- In health systems, the tiers at which care is organised and accessed, from primary through secondary and tertiary to quaternary care, structuring referral pathways and resource use.
- Leverage PointConceptLeverage Observation, Unusual Predictor Point
- An observation with an unusual combination of predictor values, distinct from the bulk of the data, capable of disproportionately influencing a regression model.
