What does cost-effectiveness mean?
Definitions for cost-effectiveness
cost-ef·fec·tive·ness
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost-effectiveness.
Wiktionary
cost-effectivenessnoun
The characteristic of being cost-effective.
Wikipedia
cost-effectiveness
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action. Cost-effectiveness analysis is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect. Cost-effectiveness analysis is often used in the field of health services, where it may be inappropriate to monetize health effect. Typically the CEA is expressed in terms of a ratio where the denominator is a gain in health from a measure (years of life, premature births averted, sight-years gained) and the numerator is the cost associated with the health gain. The most commonly used outcome measure is quality-adjusted life years (QALY).Cost–utility analysis is similar to cost-effectiveness analysis. Cost-effectiveness analyses are often visualized on a plane consisting of four quadrants, the cost represented on one axis and the effectiveness on the other axis. Cost-effectiveness analysis focuses on maximising the average level of an outcome, distributional cost-effectiveness analysis extends the core methods of CEA to incorporate concerns for the distribution of outcomes as well as their average level and make trade-offs between equity and efficiency, these more sophisticated methods are of particular interest when analysing interventions to tackle health inequality.
Numerology
Chaldean Numerology
The numerical value of cost-effectiveness in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of cost-effectiveness in Pythagorean Numerology is: 6
Examples of cost-effectiveness in a Sentence
The problem is cost-effectiveness, and that is why the government hadn't made a decision to vaccinate boys in this country.
We found that 7.5 percent number is actually pretty good when it comes to value and you can actually push it a little further on cost effectiveness grounds.
A review of cost-effectiveness modeling is soon to be concluded, and this is one of the issues that is being considered as part of that review.
Translations for cost-effectiveness
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"cost-effectiveness." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/cost-effectiveness>.
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