cost-benefit analysis(redirected from Costs and benefits)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
cost-benefit analysisCost-benefit evaluation Clinical trials A form of economic analysis from a social perspective, in which the costs of medical care are compared with the economic benefits of the care provided, with both the costs and benefits being expressed in monetary units; the benefits evaluated include projected ↓ in future health care costs and ↑ earning as a result of the intervention of interest. Cf Cost-effectiveness analysis.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.