Budget Impact Analysis

A fixed upper limit on the total amount a payer will spend on a specific programme, drug class, or budget category.

The limit on combinations of goods, services or programmes that can be financed from a specified budget at given prices or costs.

An individual or department with formal responsibility for managing a defined portion of an organisation's budget.

Budget impact is the change in expenditure expected for a specified budget holder when a health technology, programme, or policy is introduced compared with the current or alternative funding scenario.

An assessment of how adopting a health technology or policy would change spending for a particular budget holder over a specified period.

A standard determining whether a new technology's projected budget impact is significant enough to warrant additional scrutiny or a modified pathway.

A budget impact model estimates how introducing, removing, or changing use of a health technology will alter expenditure for a specified budget holder over a short- to medium-term planning horizon.

The specific evidentiary and methodological standards a body requires a manufacturer's budget impact submission to meet, covering time horizon and scenarios.