cost-effectiveness analysis(redirected from Cost effectiveness)
Also found in: Financial.
cost-effectiveness analysis (CEA)
a type of economic evaluation used to determine the best use of money available for medical care. It compares different kinds of interventions with similar, but not identical, effects on the basis of the cost per unit achieved.
cost-effectiveness analysisCost-utility analysis Clinical trials A form of economic analysis in which alternative interventions are compared in terms of the cost per unit of clinical effect–eg cost per life saved, per mm Hg of lowered BP, per yr of quality-adjusted life gained, etc Health care policy Analysis related to the effectiveness of therapies or interventions and their associated costs. Cf Cost-benefit analysis.
pertaining to cost-effective.
a comparison of the relative cost-efficiencies of two or more ways of performing a task or achieving an objective.