Opportunity CostForgone Benefit, Alternative Cost
The value of the next best alternative forgone when a resource is allocated to a particular use.
Costing & Resource Use
Terms for identifying, measuring and valuing the resources used in health care.
- Topic: Costing & Resource Use
- 40 terms
- Editor reviewed
Out-of-Pocket CostOOP Cost, Patient Out-of-Pocket Spending
The amount a patient or household pays directly for health care without third-party reimbursement, including applicable cost sharing and uncovered care.
Overhead CostIndirect Overhead, Overhead Expense
A cost that supports an organisation's overall operations but cannot be directly attributed to a specific service or department, such as administration.