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 analysis

Cost-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.

cost-effectiveness

pertaining to cost-effective.

cost-effectiveness analysis
a comparison of the relative cost-efficiencies of two or more ways of performing a task or achieving an objective.
References in periodicals archive ?
For example, the agency evaluates the promotional material for drugs on the market, and at least some of that review involves the evaluation of any claims concerning the product's cost effectiveness.
The cost effectiveness of the cytology laboratory and new cytology technologies in cervical cancer prevention.
This relational interpretation of cost-effectiveness implies that the accepted technology has undergone a favorable cost effectiveness analysis, and in some cases incorrectly implies cost savings.
Chapter 1 establishes a common definition for cost effectiveness and introduces a variety of issues related to the adoption of its principles and practices.
Cost effectiveness is obviously a laudable goal, but the term is used loosely.
In 1987, management developed a strategy to improve the health plan's performance by focusing attention of all staff on the three basic areas of health care delivery: quality of care (the science of medicine), quality pf service (the art of medicine), and cost effectiveness (the business of medicine).
Our evaluation weighs quality of care at 30 percent, quality of service at 30 percent, cost effectiveness at 30 percent, and the manager's evaluation at 10 percent.
HCFA will reiterate in the final rule that cost effectiveness will be applied only in special circumstances where it is particularly warranted.

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