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HomeHomework Helphealth-economicsHealth Economics Evaluation

Health Economics Evaluation

Health Economics and Policy Evaluation is the assessment of the economic implications and effectiveness of health policies and interventions, focusing on resource allocation, cost-effectiveness, and the impact on population health outcomes. It integrates economic theories and methodologies to inform decision-making in healthcare systems.

intermediate
5 hours
Health Economics
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Overview

Health economics and policy evaluation is a vital field that examines how healthcare resources are allocated and the effectiveness of health policies. By understanding concepts like cost-effectiveness analysis and quality-adjusted life years (QALYs), students can appreciate the complexities of healt...

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Key Terms

Cost-effectiveness analysis
A method to compare the relative costs and outcomes of different courses of action.

Example: Comparing the cost of a new drug to its health benefits.

Quality-adjusted life year (QALY)
A measure of the value of health outcomes, combining quantity and quality of life.

Example: One QALY equates to one year in perfect health.

Health policy
Decisions, goals, and actions that shape the health system.

Example: Policies aimed at reducing smoking rates.

Resource allocation
The distribution of resources among competing groups or programs.

Example: Allocating funds to different healthcare services.

Public health
The science of protecting and improving the health of people and their communities.

Example: Vaccination programs to prevent disease outbreaks.

Economic evaluation
A comparative analysis of the costs and benefits of different health interventions.

Example: Evaluating the cost-effectiveness of a new treatment.

Related Topics

Global Health
Study of health issues that transcend national boundaries and require international cooperation.
intermediate
Health Systems Management
Focuses on the organization and administration of healthcare systems.
intermediate
Pharmacoeconomics
Evaluates the economic impact of pharmaceutical products and treatments.
advanced

Key Concepts

Cost-effectiveness analysisQuality-adjusted life yearsHealth policy impactResource allocation