Overview
Economic evaluation of health technologies is crucial for making informed healthcare decisions. It helps determine which interventions provide the best value for money, ensuring that resources are allocated efficiently. By analyzing costs and health outcomes, stakeholders can make better choices tha...
Key Terms
Example: Comparing a new drug to an existing treatment.
Example: One QALY equates to one year in perfect health.
Example: Estimating costs of a new vaccine for a healthcare system.
Example: Evaluating a new surgical procedure.
Example: ICER of a new treatment compared to standard care.
Example: A utility score of 0.8 indicates good health.
Related Topics
Pharmacoeconomics
The study of the economic aspects of pharmaceuticals and their impact on healthcare.
intermediateHealth Policy Analysis
The evaluation of health policies and their implications for healthcare systems.
advancedClinical Effectiveness Research
Research focused on the effectiveness of clinical interventions in real-world settings.
intermediateKey Concepts
Cost-effectiveness analysisQuality-adjusted life years (QALYs)Budget impact analysisHealth technology assessment