A ranked list comparing incremental cost-effectiveness ratios across many separate studies, intended to help prioritise resource allocation across a health system.
Cost-Effectiveness Analysis
Terms used to compare the costs and health effects of alternative interventions and judge value for money.
- Topic: Cost-Effectiveness Analysis
- 42 terms
- Editor reviewed
A graph plotting an intervention's incremental cost against its incremental effect relative to a comparator, cost on the vertical axis and effect on the horizontal.
A cost-effectiveness threshold is a benchmark used to judge whether the additional health produced by an intervention is worth its additional cost, usually expressed as an amount per QALY or another unit of health outcome.
Cost-minimisation analysis compares the costs of healthcare alternatives only after reliable evidence shows that their relevant outcomes do not differ meaningfully.
Cost-utility analysis is a full economic evaluation that compares healthcare alternatives by relating differences in their costs to differences in preference-weighted health outcomes, most commonly quality-adjusted life years.