Severity ModifierSeverity Weight, Severity Adjustment Factor
An adjustment to a standard cost-effectiveness threshold permitting a higher accepted cost per QALY for treatments addressing more severe conditions.
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
Societal PerspectiveSocial Perspective, Whole-Society Viewpoint
An analytic viewpoint including all costs and outcomes regardless of who bears them, including productivity losses and informal carer time.
Standard of CareSoC, 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.
Strict DominanceSimple Dominance, Absolute Dominance
A situation where one intervention is unambiguously better than another because it is both less costly and more effective.