cost-effectiveness analysis
KOST ih-FEK-tiv-nis uh-NAL-ih-sis
kɒst ɪˈfɛktɪvnɪs əˈnælɪsɪsListen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Dictionary meaning
an economic evaluation method that compares the costs and health outcomes of two or more healthcare interventions to determine which delivers the most health benefit per unit of resource expended; cost-effectiveness analysis typically expresses results as an incremental cost-effectiveness ratio — the additional cost per additional unit of health outcome, such as cost per life-year gained or cost per QALY — and compares this ratio to a threshold value to determine whether the intervention is economically justified; it is used by governments, insurers, and health technology assessment bodies to inform decisions about which treatments to reimburse, which public health programmes to fund, and how to allocate constrained health budgets to maximise population health
Learn one new pronunciation a day
Get a word, name or idiom like “cost-effectiveness analysis” in your inbox — daily or weekly, free. Unsubscribe any time.