Costing & Resource Use

Terms for identifying, measuring and valuing the resources used in health care.

  • Topic: Costing & Resource Use
  • 40 terms
  • Editor reviewed

5 terms

Incremental CostAdditional Cost, Marginal Cost Difference

Incremental cost is the difference in expected total cost between one healthcare option and its stated comparator, calculated using the same population, perspective, time horizon, currency, price year and costing methods.

Indirect Cost

A cost associated with an intervention that is not directly incurred in providing it, such as lost productivity from illness or premature death.

Inflation AdjustmentPrice Rebasing, Real-Terms Adjustment

The process of restating cost data from different time periods in constant, comparable price terms, typically using a relevant price index.

Informal Care CostUnpaid Care Cost, Informal Caregiving Cost

The economic value of unpaid caregiving time from family or friends, typically estimated using replacement cost or the carer's forgone time.

Intangible CostNon-Financial Cost, Psychosocial Cost

A cost representing the non-financial burden of illness or treatment, such as pain or reduced quality of life, that is hard to value in money.