Currency ConversionExchange-Rate Conversion, Currency Translation
The translation of cost or price data from one national currency into another, typically using exchange rates or purchasing power parity.
Costing & Resource Use
Terms for identifying, measuring and valuing the resources used in health care.
- Topic: Costing & Resource Use
- 40 terms
- Editor reviewed
Direct CostDirect Costs, Directly-Attributable Cost
A cost that can be directly attributed to producing a specific good or delivering a specific service, such as medication given to a patient.
Direct Medical CostDirect Healthcare Cost, Medical Service Cost
A direct cost incurred specifically for the provision of medical care, such as physician fees, hospital charges, or medication.
Direct Non-Medical CostNon-Medical Direct Cost, Carer Travel Cost
A direct cost borne by a patient or carer that is not itself a medical expense, such as transport to appointments.
Economic BurdenCost Burden, Societal Cost Burden
The total cost imposed on a health system, individuals, or society by a specific disease, injury, or risk factor.
Fixed CostFixed Expense, Non-Variable Cost
A cost that does not vary with the level of output or service volume in the short run, such as rent.
Gross CostingAggregate Costing, Average-Cost Method
A costing method that applies a single, average unit cost figure, typically from routine administrative data, to estimate total intervention cost.
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.