Overview
Health economics models are essential tools that help evaluate the efficiency and effectiveness of healthcare interventions. By analyzing costs and health outcomes, these models guide policymakers in making informed decisions about resource allocation and treatment options. Understanding concepts li...
Key Terms
Example: Using cost-effectiveness analysis to evaluate a new drug versus an existing treatment.
Example: A treatment that gives 1 year of perfect health equals 1 QALY.
Example: An ICER of $50,000 per QALY indicates the cost of gaining one additional QALY.
Example: Estimating the budget impact of a new vaccine on a national health system.
Example: Using a decision tree to evaluate treatment options for a disease.
Example: A health utility score of 0.8 indicates a health state valued at 80% of perfect health.