Encyclopaedia

Explore comprehensive, evidence-informed explanations of key health economics concepts, including their development, application and relationships to other concepts. Published entries are validated through human expert review.

Concepts, entries and ontology terms

A concept page is a published entry on the wiki. Some concepts also have a full encyclopaedia article. The Health Economics Ontology (HEO) holds every concept, including dictionary terms without an article, so it is larger than the list of published pages. The knowledge graph shows how concepts relate to each other.

Statistical Power

Statistical power is the probability a trial gives a significant result when a true effect of set size exists, used to size clinical and economic trials.

Evidence SynthesisExpert Verified3 related concepts

Statistical Significance

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.

Evidence SynthesisExpert Verified1 related concept

Steady State

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.

PharmacoeconomicsExpert Verified1 related concept

Stochastic Programming

Stochastic programming is optimisation that includes parameter uncertainty, used in health care to choose a vaccination policy before outcomes are known.

Economic ModellingExpert Verified3 related concepts

Stock and Flow Model

A stock and flow model tracks health quantities, such as people with a disease, as stocks that change over time only through inflow and outflow rates.

Economic ModellingExpert Verified1 related concept

Strict Dominance

Strict dominance in cost-effectiveness analysis is when one option both costs less and gives more health than another, so the other option is ruled out.

Economic EvaluationExpert Verified5 related concepts

Structural Equation Model

A structural equation model (SEM) is a set of linked regression equations, often with latent variables, that tests hypothesised paths to health outcomes.

Evidence SynthesisExpert Verified2 related concepts

Structural Uncertainty

Structural uncertainty is doubt about how a health economic model represents a decision problem, such as its health states, pathways or extrapolation.

Economic ModellingExpert Verified3 related concepts

Subgroup Analysis

Subgroup analysis estimates treatment effects, costs or cost-effectiveness separately for defined groups of patients to test whether they differ.

Economic ModellingExpert Verified4 related concepts

Suits Index

The Suits index measures how progressive a tax or health financing source is by comparing cumulative payment shares with cumulative income shares.

Economic EvaluationExpert Verified3 related concepts

Summary ROC Curve

A summary ROC (SROC) curve pools diagnostic accuracy studies to show how a test's sensitivity trades off against specificity across positivity thresholds.

Evidence SynthesisExpert Verified5 related concepts

Supplier-Induced Demand

Supplier-induced demand (SID) is use of health care that providers create through their information advantage, beyond what informed patients would choose.

Economic EvaluationExpert Verified3 related concepts

Supply

Supply is the amount of a good or service, such as health care, that producers are willing and able to provide at each price over a given period.

Economic EvaluationExpert Verified4 related concepts

Survival Analysis

Survival analysis is the statistical study of time to an event such as death when follow-up is incomplete, giving survival curves for economic models.

Economic ModellingExpert Verified22 related concepts

Survival Function

The survival function, S(t), is the probability that a patient stays alive or free of a defined event beyond time t, used to model life years and QALYs.

Economic ModellingExpert Verified4 related concepts

Survival Regression

Survival regression estimates how treatment and patient characteristics change the hazard of, or time to, death or progression in censored data for HTA.

Evidence SynthesisExpert Verified3 related concepts

Synthetic Control

Synthetic control estimates a health policy's effect on one region or provider using a weighted blend of untreated units that tracked it before the policy.

Evidence SynthesisExpert Verified4 related concepts

System Dynamics Model

A system dynamics model simulates a health system in aggregate as stocks, flows and feedback loops, projecting how policies play out over time.

Economic ModellingExpert Verified4 related concepts

T-Distribution

The t-distribution is a heavy-tailed, symmetric curve used for intervals and tests on mean costs or effects when variance is estimated from a small sample.

Evidence SynthesisExpert Verified4 related concepts

Tarone-Ware Test

The Tarone-Ware test is a weighted log-rank test comparing survival between trial arms, weighting each event time by the square root of the number at risk.

Economic ModellingExpert Verified3 related concepts