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 ?
This study examined the cost effectiveness of incorporating gene expression testing into standard practice using data from the Anastrozole or Tamoxifen Alone or Combined, or ATAC, clinical trial and cost data from the London Regional Cancer Program and other Canadian sources.
postoperative complications, cardiovascular disease, gastrointestinal disorders, critically ill patients, urinary tract infections) and found that the use of natural medicine products demonstrated some evidence of cost effectiveness in relation to postoperative surgery.
They consider cost effectiveness as well, which has led to companies investing significant time and money into cost-effectiveness trials to appease insurance providers.
Sugar Land, TX, July 17, 2017 --(PR.com)-- ANB Systems, Inc.'s Cost Effectiveness evaluation tool, ePLAN for energy efficiency and demand response programs of Transmission and Distribution Utilities (TDU), conforms to the National Standard Practice Manual (NSPM) guidelines and the new Resource Value Framework and the Resource Value Test.
Keywords: Economic Evaluation, Cost effectiveness analysis, Healthcare Economics and organization.
Stip ranks 6th among Europe's micro cities by its FDI strategy and Skopje ranks first among Europe's small regions by its cost effectiveness.
Model endpoints included overall survival, costs, quality-adjusted life years and incremental cost effectiveness ratio.
Cost Effectiveness : Provides new AMR meters to improve cost-effectiveness of long term operations to the District~s customers.
The NAA/NMHC letter urged the department to consider sector-specific analysis of the energy code provisions, particularly in evaluating the cost effectiveness of some of the proposals to capture the differences between single-family and multifamily construction.

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