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.
P
- Psychiatric Hospital EconomicsTermInpatient Psychiatric Economics, Mental Hospital Economics
- The application of health economic evaluation to inpatient psychiatric facilities, comparing cost and outcomes against community-based alternatives.
- Psychiatric HospitalizationTermMental Health Admission, Inpatient Psychiatric Admission
- Admission to a specialist inpatient facility for an acute mental health crisis or severe psychiatric condition requiring close monitoring.
- Psychosis EconomicsTermPsychotic Disorder Economics, First-Episode Psychosis Cost
- The application of health economic evaluation to psychotic disorders, covering antipsychotic medication, psychosocial support, and early intervention programmes.
- Psychotherapy CostTermTalking-Therapy Cost, Counselling Cost
- The expense of providing talk-based mental health treatment by a trained therapist, varying by therapy type, format, and duration.
- Psychotropic MedicationTermPsychiatric Medication, Psychoactive Drug
- A drug class affecting brain function used to treat mental health conditions, including antidepressants, antipsychotics, mood stabilisers, and anti-anxiety drugs.
- Ptsd EconomicsTermPost-Traumatic Stress Disorder Economics, PTSD Cost of Illness
- The application of health economic evaluation to post-traumatic stress disorder, comparing trauma-focused psychotherapy, medication, and combination treatment approaches.
- Public Choice TheoryTermPublic Choice Economics, Political Economy of Choice
- A branch of economics applying the tools of economic analysis, including self-interested behaviour, to political and governmental decision-making.
- Public ConsultationTermPublic Comment Process, Citizen Consultation, Public Consultation HTA, Public Engagement
- A formal process inviting stakeholder and public comments on a draft recommendation before it is finalised.
- Public GoodTermCollective Good, Non-Rival Good
- A good characterised by non-excludability and non-rivalry, so no one can be excluded from it and one person's use does not reduce others'.
- Public Goods ProvisionTermProvision of Public Goods, Collective Provision
- The supply of goods characterised by non-excludability and non-rivalry, which private markets tend to undersupply because individuals can benefit without paying.
- Public HealthTermPopulation Health Protection, Health Protection
- The science and art of preventing disease, prolonging life, and promoting health through the organised efforts of society.
- Public Health PolicyTermPopulation Health Policy, Public-Health Legislation
- Government policy aimed at protecting and improving population health as a whole, covering prevention, promotion, and infrastructure investment.
- Public Health ProgrammeTermPublic Health Intervention, Population Programme
- An organised population-level intervention that aims to protect or improve health, such as immunisation, screening or health-promotion campaigns.
- Public HospitalTermState Hospital, Government Hospital
- A hospital owned and operated by a government entity, funded partly through taxation and often serving a disproportionate low-income share.
- Public PayerTermGovernment Payer, State Funder
- A government entity, such as a national health service or public insurance programme, responsible for financing healthcare for a covered population.
- Public ProvisionTermState Provision, Government Delivery
- The direct delivery of a good or service by government entities rather than by private organisations.
- Public Sector PerspectiveTermGovernment-Sector Viewpoint, State Analytic Perspective
- An analytic viewpoint including costs and outcomes relevant to government budgets, potentially spanning multiple public agencies rather than a single health payer.
- Public SystemTermState-Run System, Government Health System
- A health system model in which financing and delivery are predominantly provided through government-owned institutions, funded through taxation or mandatory insurance.
- Public-Private PartnershipTermPublic-Private Collaboration, P3 Arrangement
- A collaborative arrangement between a government entity and a private organisation to jointly finance, develop, or operate a health-related project.
- Publication BiasTermSmall-Study Effect, Positive-Result Bias
- A systematic distortion in published evidence arising because studies with significant or favourable results are more likely to be published.
- Publication Bias AssessmentTermPublication-Bias Testing, Small-Study-Effects Test
- An evaluation of whether published evidence is systematically distorted because significant or favourable results are more likely to be published than null ones.
- Publication PlanTermPublication Strategy, Dissemination Plan
- A prospectively established strategy specifying which study results will be published and through which channels, ideally registered before results are known.
- Pulmonary Embolism EconomicsTermPE Economics, Lung-Clot Cost of Illness
- The application of health economic evaluation to blood clots blocking lung arteries, addressing both acute treatment and longer-term recurrence prevention.
- Pulmonary ResponseTermRespiratory Response, Lung-Function Response
- A biomarker or clinical measure indicating a change in lung function or respiratory symptoms, such as improvement in a standardised lung function test.
- PurchasingTermCommissioning, Service Procurement
- The process by which a payer allocates pooled healthcare funds to providers in exchange for delivering services to a covered population.
- Purchasing Power AdjustmentTermPPP Adjustment, Cross-Country Cost Adjustment
- The conversion of cost data across countries using purchasing power parity rather than market exchange rates, to reflect actual local costs.
- Purchasing Power ParityTermCommon-Basket Comparison, International Price Comparison
- A method of comparing economic value across countries based on the relative cost of a common basket of goods and services, rather than exchange rates.