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
- Specialty HospitalTermSpecialised Hospital, Focused-Factory Hospital
- A hospital focused on treating a specific condition type or procedure category, such as orthopaedic or cardiac surgery, unlike a general hospital.
- Specialty PharmacyTermSpecialised Pharmacy, High-Cost Drug Pharmacy
- A pharmacy service focused on dispensing and managing high-cost, complex medications requiring specialised handling, education, and monitoring.
- Specialty TierTermSpecialty Formulary Tier, Biologics Tier
- A formulary category for high-cost specialty medications, typically biologics, usually carrying the highest patient cost-sharing of any tier.
- Specific Stop-LossTermIndividual Stop-Loss, Specific Excess Insurance
- A reinsurance form protecting a self-insured employer against a single enrollee's claims exceeding a predefined threshold, unlike aggregate stop-loss.
- SpecificityConceptTrue Negative Rate, TNR
- The proportion of people without a specified target condition who test negative at a stated diagnostic threshold, calculated as true negatives divided by true negatives plus false positives.
- Spider PlotTermRadar Plot, Spider Diagram
- A graphical sensitivity analysis tool showing how a model's output changes as each input parameter is varied across its plausible range.
- SpinTermResult Overstatement, Interpretation Bias
- The practice of presenting research results, especially non-significant primary outcomes, in a way that emphasises secondary findings to convey false favourability.
- Spinal Cord InjuryTermSCI, Spinal Injury
- Damage to the spinal cord that can cause permanent loss of movement and sensation below the injury level, typically from trauma.
- Spline ModelConceptSpline-Based Model, Piecewise Polynomial Model
- A model using piecewise polynomial functions joined smoothly at knots to represent a flexible, non-linear relationship such as time and hazard.
- SSI RateTermSurgical Site Infection Rate, SSI Frequency
- A measure of the frequency of surgical site infections following a procedure within a facility, a surgical infection prevention indicator.
- Stable DiseaseTermSD, Disease Stability
- A standardised tumour response classification for a tumour that has neither shrunk enough for a partial response nor grown enough for progressive disease.
- Staffing ManagementTermStaff Management, Workforce Deployment
- The processes an organisation uses to plan, schedule, and optimise workforce deployment relative to anticipated patient care needs.
- Stakeholder AnalysisTermStakeholder Mapping, Interested-Party Analysis
- A systematic process identifying individuals and groups affected by or interested in a proposed policy, assessing their likely positions and influence.
- Stakeholder EngagementTermStakeholder Engagement HTA, Stakeholder Involvement
- The broader, ongoing process through which an assessment body communicates and interacts with interested parties beyond formal consultation periods.
- Standard CostingConceptStandard Cost Method, Predetermined Costing
- A costing method that assigns predetermined, expected costs to services based on historical or engineered estimates rather than actual costs incurred.
- Standard DeviationConceptSigma, Root Mean Square Deviation
- Standard deviation is the square root of variance, expressing how dispersed values are around their mean in the variable’s original units under a specified population or sample convention.
- Standard ErrorConceptSEM, Estimate Precision
- A measure of an estimated parameter's precision, the standard deviation of its sampling distribution across repeated samples of the same size.
- Standard GambleConceptSG, Reference Gamble
- The standard gamble is a choice-based health-state valuation method that finds the probability at which a respondent is indifferent between living in a certain health state and accepting a lottery between specified better and worse outcomes.
- Standard NormalConceptZ Distribution, Unit Normal
- A specific normal distribution with a mean of zero and standard deviation of one, used as a reference for standardising other variables.
- Standard of CareTermSoC, Current Standard Treatment
- The treatment widely accepted by clinical practice as the appropriate baseline for a given condition, commonly used as the comparator in an economic evaluation.
- Standard ReviewTermStandard Regulatory Review, Default Review Timeline
- The default regulatory review timeline for a marketing application, unlike an accelerated priority review granted for treatments addressing serious unmet need.
- Standardised Mean DifferenceConceptSMD, Standardized Mean Difference
- The standardised mean difference (SMD) is a mean difference divided by a standard deviation, used to pool continuous outcomes measured on different scales.
- Standardised Mortality RatioConceptStandardized Mortality Ratio, SMR, Standardised Mortality Ratio Application
- A measure comparing actual deaths observed within a population against statistically expected deaths given its risk characteristics, above one meaning worse.
- Standardised ResidualConceptStandardised Residuals, Scaled Residual
- A regression diagnostic dividing an observation's raw residual by its estimated standard deviation, allowing comparison on a common scale.
- Standardised Response MeanConceptSRM, Standardized Response Mean
- A responsiveness statistic calculated as the mean score change over time divided by the standard deviation of that change, unlike an effect size.
- StandardizationTermStandardisation, Process Standardisation
- The process of establishing and consistently applying a uniform, defined approach to a process across an organisation, reducing unwarranted variation.
- Star RatingTermStar Quality Rating, Quality Scorecard
- A summary quality rating system, typically one to five stars, conveying a simplified assessment based on aggregate underlying measure scores.
- Stark LawTermPhysician Self-Referral Law, Stark Statute
- A US federal law, the physician self-referral law, prohibiting physicians referring patients for designated health services to entities they have financial ties with.
- State DefinitionTermState Characterisation, Health-State Description
- The precise specification of what constitutes a distinct health state within a Markov model, including the clinical criteria for assignment to it.
- State MembershipTermState Assignment, Cohort Allocation
- The specific health state a patient, or proportion of a modelled cohort, occupies at a given point within a Markov model.
- State OccupancyConceptState Residence, Time in State
- The amount of time, typically in cycles, that a patient or cohort proportion spends within a given health state in a Markov model.
- State RewardConceptState Value, State Payoff
- A cost, utility, health outcome, or other consequence accrued while a modelled person occupies a specified state for a defined amount of time.
- State Space ModelConceptState-Space Representation, Dynamic State Model
- A modelling framework representing a system's evolution over time through a defined set of possible states and transition probabilities between them.
- State Transition DiagramTermMarkov Diagram, State Diagram, Bubble Diagram, Influence Sketch, Model Sketch
- A visual representation of a Markov model showing each health state as a labelled box and each permitted transition as an annotated arrow.
- State Transition ModelConceptSTM, State-Transition Modelling
- A general term for a decision-analytic model, such as a Markov model, representing disease progression as movement between defined health states.
- Stated PreferenceTermSP, Contingent Preference Elicitation
- A category of valuation methods that elicits preferences by asking people directly about hypothetical choices, rather than observing actual market behaviour.
- Statement of Cash FlowsTermCash Flow Statement, Statement of Cash Flow
- A financial statement summarising the cash generated and used by an organisation's operating, investing, and financing activities over a period.
- Static ModelTermStatic Modelling, Time-Invariant Model
- A model representing costs and outcomes at a single point in time, or that ignores how one individual's risk depends on others.
- Statistical MethodTermStatistical Technique, Quantitative Analysis Technique
- In health economics, a formal procedure for analysing data to estimate effects, quantify uncertainty and test hypotheses, spanning parametric, non-parametric and semi-parametric approaches.
- Statistical PowerConceptPower, Test Power
- Statistical power is the probability that a study will reject a null hypothesis when a specified alternative hypothesis is true.
- Statistical Process ControlConceptProcess Behaviour Charting, Shewhart Method
- Statistical process control is a set of methods that monitors time-ordered process measurements to distinguish expected variation from signals of a possible process change.
- Statistical SignificanceConceptSignificant Result
- Statistical significance is a threshold-based conclusion that an observed result is sufficiently incompatible with a prespecified null hypothesis under a stated statistical model to meet the chosen significance level.
- Status Quo Bias ConceptTermStatus Quo Bias, Inertia Bias
- The tendency to prefer the current state of affairs over available alternatives, even when switching would be beneficial.
- Status Quo OptionTermCurrent-Situation Option, No-Choice Option
- An alternative in a choice experiment representing a respondent's current circumstances, included so preferences can be measured against a realistic baseline.
- Steady StateConceptStationary Distribution, Equilibrium Distribution
- A steady state in a Markov model is the stationary distribution of a cohort across health states, unchanged from cycle to cycle under fixed transitions.
- Stem Cell TherapyTermStem Cell Treatment, SCT
- A treatment using stem cells, capable of developing into various specialised cell types, to repair or replace damaged tissue.
- Step TherapyTermStep Therapy Requirement, Fail-First
- A utilisation management policy requiring a patient to try and fail lower-cost treatment options before a payer covers a pricier alternative.
- Step Therapy ProtocolTermStep Protocol, Fail-First Criteria
- The specific clinical criteria and sequence an insurer requires a patient to follow before a more expensive treatment will be covered.
- Step-Down AllocationTermStep-Down Method, Sequential Cost Allocation
- A method of allocating support department costs to operating departments in sequence, so that once allocated, no further costs return to that department.
- Step-Down TherapyTermDe-escalation Therapy, Dose Reduction Strategy
- A treatment strategy beginning with a more intensive medication or dose and progressively reducing intensity once adequate control is achieved.
