cost-effective

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cost-effective

Managed care adjective Referring to an intervention that is considered financially optimal if there is no other available intervention that offers a clinically appropriate benefit at a lower cost

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-effective

profitable; representing a return to investment of more than the cost.
References in periodicals archive ?
He designed a cost-efficient management program to satisfy the educational and instructional needs of the department's mid-level management.