Costing & Resource Use

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

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

25–32 of 40 terms

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.

Productivity CostForegone-Output Cost, Indirect Work Loss

The economic value of lost work output from illness or death, estimated using the human capital or friction cost approach.

Purchasing Power ParityCommon-Basket Comparison, International Price Comparison

A method of comparing economic value across countries based on the relative cost of a common basket of goods and services, rather than exchange rates.

Reference CostBenchmark Unit Cost, Standard Costing Value

A standardised unit cost for a specific healthcare service, published by a health system to promote consistency in costing across providers.

Resource IdentificationResource Enumeration, Cost Item Identification

The process of determining which categories of resource use, such as staff time and supplies, are relevant when costing an intervention.

Resource MeasurementResource Quantification, Utilisation Measurement

The process of quantifying the physical amount of a resource consumed in delivering a health intervention, such as staff hours or bed-days.

Resource UseResource Consumption, Service Use Volume

The physical quantities of inputs, such as staff time, equipment, and supplies, consumed in delivering a healthcare intervention.

Resource ValuationInput Valuation, Resource Pricing

The process of assigning a monetary value to a measured quantity of resource use, typically by multiplying it by a unit cost.