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.
Costing & Resource Use
Terms for identifying, measuring and valuing the resources used in health care.
- Topic: Costing & Resource Use
- 40 terms
- Editor reviewed
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.
Micro-CostingDetailed Resource Costing, Micro-Level Cost Analysis
Micro-costing is a detailed method of estimating the cost of healthcare activities by identifying and measuring their individual resource components and valuing each component with an appropriate unit cost.
National Schedule of Reference CostsNSRC, Reference Cost Schedule
A standardised set of unit costs for healthcare services, published to enable consistent costing across an entire health system.
Opportunity CostForgone Benefit, Alternative Cost
The value of the next best alternative forgone when a resource is allocated to a particular use.
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.