cost effectiveness


Also found in: Medical.

cost effectiveness

the achievement of maximum provision of a good or service from given quantities of resource inputs. Cost effectiveness is often established as an objective when organizations have a given level of expenditure available to them and are seeking to provide the maximum amount of service in a situation where service outputs cannot be valued in money terms (e.g. the UK National Health Service). Where it is possible to estimate the money value of outputs as well as inputs, then COST-BENEFIT techniques can be applied. See VALUE FOR MONEY AUDIT.
References in periodicals archive ?
McCrary and others emphasize that the best (most reliable and most economic) solutions encompass a range of device/media types to deliver the optimum solution for ease of use, scalability and cost effectiveness.
Maintenance Painting of Steel Structures in Pulp and Paper Mills--A Program Approach for Maximum Cost Effectiveness
If payers had an independent evaluation of cost effectiveness from the FDA, it could make coverage decisions easier and faster--providing cost-effective drugs a smoother path toward entry into the marketplace.
The effect of a patient's risk-taking attitude on the cost effectiveness of testing strategies in the evaluation of pulmonary lesions.
For example, in a 1998 discussion of screening mammography, Rosenquist and Lindfors stated, "Studies have shown that the cost effectiveness for screening mammography is similar to other generally accepted medical procedures.
In today's booming economy, the cost effectiveness of any expansion strategy can be greatly enhanced with a thorough understanding of the tax and nontax incentives available from state and local governments.
Building upon a general and consistent definition of cost effectiveness that can be embraced by decisionmakers in a variety of health care settings, the book supplies all levels of provider management with innovative tools and perspectives for achieving better clinical outcomes while managing costs.
The concern is whether it will be a Trojan horse opening up the ability for Medicare to factor in cost effectiveness, as the NICE does now.
For managed care to improve the cost effectiveness, efficacy,[10] and quality of health care, it cannot be bogged down by inspection and reproach, typified by the UR/UM procedures in the third phase.
Cost Effectiveness Analysis in Health reviews issues and methods of assessing health care technologies and related programs.
Cost effectiveness often disappears with widening patient indications and increasing utilization.

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