Costing & Resource Use

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

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

3 terms

Societal CostSocietal Perspective Cost, Total Social Cost

The total cost of an intervention from the broadest perspective, covering direct healthcare, direct non-medical, and indirect costs regardless of who bears them.

Dictionary
Step-Down AllocationStep-Down Method, Sequential Cost Allocation

A method of allocating support department costs to operating departments in sequence, so that once allocated, no further costs return to that department.

DictionaryEncyclopaedia
Sunk CostUnrecoverable Cost, Retrospective Cost

A cost that has already been incurred and cannot be recovered regardless of future decisions.

Dictionary