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.
S
- Skilled Nursing FacilityTermSNF, Nursing Facility
- A facility providing round-the-clock nursing and rehabilitative care for patients no longer needing hospital-level care but still needing medical support.
- Sleep QualityTermSleep Health, Quality of Sleep
- A clinical outcome measure capturing a person's subjective assessment of their sleep, including duration, latency, and disturbances, using a validated questionnaire.
- Slope Index of InequalityConceptSII, Absolute Inequality Slope
- A summary measure of absolute health inequality across a socioeconomic gradient, estimated using regression across the full distribution rather than two extremes.
- Small Area VariationTermGeographic Variation, Regional Variation
- The phenomenon in which healthcare utilisation rates for the same condition differ substantially across small geographic areas, unexplained by population health need.
- Small Group MarketTermSmall Employer Market, SHOP Market
- The insurance market segment serving employers below a defined size threshold, typically with specific protections such as guaranteed issue and limited rate variation.
- Small Population ChallengeTermSmall Sample Challenge, Limited Evidence Challenge
- The methodological difficulty of generating robust clinical evidence when a disease affects only a small number of patients, limiting conventional trial feasibility.
- Small Study EffectsTermSmall-Study Bias, Small Trial Effect
- A pattern in meta-analysis where smaller studies tend to report systematically larger treatment effects than larger studies, possibly reflecting publication bias.
- Smart AlertTermIntelligent Alert, Context-Aware Alert
- A computerised clinical alert using more sophisticated logic, such as patient-specific risk factors, to reduce clinically insignificant notifications compared with simpler rule-based alerts.
- Smart Device HealthTermSmart Health Device, IoT Health Device
- A category of connected electronic devices with embedded computing capability used to monitor or manage health, from fitness trackers to medical-grade devices.
- SMCTermScottish Medicines Consortium, Scotland HTA
- The Scottish Medicines Consortium, advising Scotland's NHS boards on the clinical and cost-effectiveness of newly licensed medicines for local formulary decisions.
- SMR RatingTermService Medical Rendu, French SMR
- A French assessment classification rating a treatment's absolute medical benefit, separate from its comparative improvement over alternatives, informing coverage rate.
- Sobol IndicesConceptSobol Sensitivity Indices, Variance Decomposition Indices
- Variance-based global sensitivity measures that attribute a model output’s variance to uncertain inputs and their interactions under specified input distributions.
- Sobol SequenceConceptSobol Low-Discrepancy Sequence, Quasi-Random Sequence
- A method generating a sequence of points that fills a multidimensional space more evenly than simple random sampling, improving simulation efficiency.
- Social CareTermSocial Services Support, Personal Care Support
- In health economics, personal and practical support for people with needs arising from age, disability or illness, distinct from and often costed alongside medical care.
- Social Determinants of HealthTermSDOH, Social Determinants
- The conditions in which people are born, grow, live, work, and age, such as income and education, that shape health outcomes.
- Social Discount RateTermSocial Time Preference Rate, Societal Discount Rate
- The rate at which government or society as a whole is considered to discount future costs and benefits, used in public sector evaluation.
- Social EpidemiologyTermSocietal Epidemiology, Social Determinants Epidemiology
- A branch of epidemiology studying how social structures and conditions, such as income inequality, affect the distribution of health and disease.
- Social EvidenceTermSocietal Evidence, Social Context Evidence
- Information addressing the broader social context of an assessment decision, such as its effect on carers, employment, or social participation.
- Social FeasibilityTermSocial Acceptability, Public Acceptability
- An assessment of whether a policy is likely to be accepted and complied with by the population it affects, considering cultural norms.
- Social FunctioningTermSocial Function, Social Role Functioning
- A broader construct covering an individual's overall capacity for social engagement and relationships, often assessed as a composite scale.
- Social Health InsuranceConceptSHI, Compulsory Health Insurance
- Social health insurance is a publicly mandated arrangement that pools prepaid funds, commonly from compulsory contributions and public transfers, to finance defined health care entitlements for covered people.
- Social Impact BondTermSIB, Pay-for-Success Bond
- A financing mechanism where private investors fund a social programme upfront, repaid by government or a donor only if verified results are achieved.
- Social Insurance ContributionTermSHI Contribution, Health Insurance Contribution
- A mandatory payment, typically a percentage of income, made into a social insurance scheme to fund healthcare or other benefits.
- Social Media DataTermSocial Media Health Data, Digital Trace Data
- Information from public posts and interactions on social media platforms, explored as a novel source for monitoring sentiment and disease surveillance.
- Social Norm InterventionTermSocial Norms Nudge, Normative Feedback
- An intervention that tells people about the behaviour or attitudes of others to influence their own behaviour.
- Social Norms ConceptTermSocial Norms, Descriptive Norms
- A theory that behaviour is shaped by perceived descriptive norms, what others actually do, and injunctive norms, what others approve of.
- Social Return on InvestmentConceptSROI, Social ROI
- A framework extending conventional return on investment analysis by monetising broader social, environmental, and health outcomes alongside financial returns.
- Social Value CriterionTermSocietal Value Criterion, Social Priority Criterion
- A standard reflecting society's broader values and priorities, such as fairness, used to inform a decision beyond pure cost-effectiveness.
- Social WelfareTermSocietal Welfare, Aggregate Wellbeing
- The overall wellbeing of a society, treated as some aggregation of the wellbeing of its individual members under a specified welfare function.
- Social Welfare FunctionConceptSWF, Welfare Aggregation Function
- A social welfare function (SWF) combines individual health or wellbeing into overall social welfare, setting how equality is weighed against the total.
- Societal CostTermSocietal Perspective Cost, Total Social Cost
- The total cost of an intervention from the broadest perspective, covering direct healthcare, direct non-medical, and indirect costs regardless of who bears them.
- Societal PerspectiveConceptSocial Perspective, Whole-Society Viewpoint
- The societal perspective is an economic evaluation viewpoint that counts all costs and outcomes, whoever bears them, including productivity and carer time.
- Societal ValueTermSocial Value, Broad Value
- The total benefit a technology provides from the broadest perspective, covering direct patient health, caregiver burden, productivity, and other societal effects.
- Socioeconomic AdjustmentTermSocioeconomic Risk Adjustment, Deprivation Adjustment
- A modification to a risk adjustment or payment formula accounting for added costs of caring for socioeconomically disadvantaged populations.
- Soft Budget ConstraintTermSoft Budget, Bailout Expectation
- A situation where an organisation expects that any budget overrun will be covered by an external authority rather than facing full financial consequences.
- Soft EndpointTermSubjective Endpoint, Soft Outcome
- A trial outcome relying on subjective clinical judgement, such as a physician's severity assessment, unlike an objectively defined hard endpoint.
- Software ValidationTermFit-for-Purpose Check, Validation Testing
- The process of confirming that software fulfils its intended purpose and produces results that are suitable for its intended use.
- Software VerificationTermCode Verification, Specification Conformance
- The process of confirming that software correctly implements its specified requirements and performs as intended.
- Solo PracticeTermSingle-Physician Practice, Solo Practitioner
- A medical practice owned and operated by a single physician, unlike a group practice sharing resources and administration.
- SolvencyTermAbility to Pay Debts, Long-Term Viability
- The financial capacity of an organisation, such as an insurer or hospital, to meet its long-term financial obligations as they come due.
- Source CodeTermProgram Listing, Model Codebase
- The human-readable set of instructions making up a model's underlying programming, unlike compiled code translated into an executable but unreadable format.
- Southeast QuadrantTermSE Quadrant, Dominant Quadrant
- The region of the cost-effectiveness plane where a new intervention is both less costly and more effective than its comparator.
- Southwest QuadrantTermSW Quadrant, Less-Costly-Less-Effective Quadrant
- The region of the cost-effectiveness plane where a new intervention is both less costly and less effective than its comparator.
- Spearman CorrelationConceptSpearman Rank Correlation, Spearman's Rho
- A non-parametric measure of the monotonic relationship between two ranked variables, calculated from data ranks rather than raw values.
- Special Access SchemeTermSpecial Access Programme, Serious-Condition Access
- A pathway letting patients with a serious condition access a not-yet-approved treatment, typically requiring physician application and case-specific justification.
- Special Cause VariationTermAssignable Cause Variation, Special-Cause Signal
- Variation resulting from a specific, identifiable factor outside a stable system's normal randomness, unlike common cause variation.
- Special Pricing ArrangementTermSPA
- Special pricing arrangement, in PBS listing, publishes a higher price while the sponsor pays quarterly rebates down to the effective price under a deed.
- Specialist Care CoverageTermSpecialist Coverage, Specialised Care Coverage
- A measure of the extent to which a population has access to needed specialised medical care beyond basic primary care.
- Specialty AccessTermSpecialty Care Access, Access to Specialists
- A healthcare access dimension concerning patients' ability to obtain care from specialist providers, often more limited in supply than primary care.
- Specialty DrugTermSpecialty Medication, High-Cost Drug
- A category of typically high-cost medications treating complex or rare conditions, often requiring special handling and reimbursed at a distinct, higher tier.
