cost-effectiveness


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cost-effectiveness

the extent to which an activity is thought to be as valuable as it is expensive. A public-assistance program that issued vouchers for nutritious foods in pregnancy might be considered cost-effective if it lowered the costly incidence of perinatal morbidity.

cost-ef·fec·tive·ness

(kawst-e-fekt'iv-nĕs)
The proportion between expense and the goods and services received for them.

cost-effectiveness

An assessment or determination of the most efficient and least expensive approaches to providing health care and preventive medicine services. One component, health education, focuses on helping people to assume some responsibility for their own health maintenance and avoid preventable illness and disability. Accident prevention programs, immunization drives, and safe-sex campaigns are designed to reduce the number of patients who will suffer preventable illnesses. To control costs, health care providers and health care customers must also understand the comparative value of procedures and medicines. See: preventive medicine; preventive nursing
cost-effective, adjective

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 ?
Using the Tufts Cost-Effectiveness Analysis Registry, a database of cost-effectiveness articles, the team found 29 studies and grouped them by nine treatment agents and four blood cancer types.
the cost-effectiveness ratio for routine HIV screening every 5 years among high-risk patients (3.
However, the overall cost-effectiveness is difficult to gauge, Hornberger says.
This cost-effectiveness comparison is based on a peer group average for a hypothetical patient panel that matches the physician's panel in terms of age group characteristics and percentage of high-cost patients.
An analysis of cost-effectiveness, using data from both the CARE-HF and COMPANION studies, shows that both CRT and CRT-D are highly cost-effective in patients with moderate or severe heart failure.
Then the researchers calculated the cost-effectiveness of each therapy in terms of the cost per quality-adjusted life-year gained -- a common measurement that takes into account quality of life as well as survival.
To achieve acceptance by more of the mainstream medical community and bring these therapies to more people, the clinical trials strategy announced today focuses on establishing the highest level of evidence for efficacy and cost-effectiveness of current and promising indications for the division's core technologies:
Cytyc Corporation (Nasdaq: CYTC), a leading women's health company, today announced that studies evaluating the accuracy and cost-effectiveness of the ThinPrep(R) Imaging System for cervical cancer screening were presented at the 2006 Biennial Meeting of the American Society for Colposcopy and Cervical Cancer (ASCCP) this week in Las Vegas.
A Markov model was utilized to simulate a range of variables influencing the cost-effectiveness of ICD implantation including the initial cost of ICD implant, cost of MTWA testing, complications, ICD replacements, death rates, etc.
SPORT, a large-scale, five-year, multimillion dollar study sponsored by the National Institutes of Health (NIH), is comparing the efficacy and cost-effectiveness of spine surgery to nonsurgical management of common conditions associated with low back and leg pain.