Economic Evaluations in Healthcare: Overview, Policy and Uses

Publish Date: 2012
Author(s): John A. Nyman, PhD

Abstract:

Health economic studies are used to improve health through rational decision making by focusing on financial information, such as costs, charges, and expenditures. Economic evaluations represent a policy tool that is useful in determining the price of obtaining a health improvement by using a certain intervention compared to an alternative use. Dr Nyman reviews the two key metrics commonly used in economic evaluations—the incremental cost-effectiveness ratio and quality-adjusted life-years. He also discusses the differences in cost analysis, cost-effectiveness analysis, cost-benefit analysis, and cost-utility analysis, and describes some areas in which these evaluations are in use today.
Download Article pdf-icon (0.47 MB)

Author Bios

Headshot placeholder

John A. Nyman, PhD

University of Minnesota, Division of Health Policy and Management, School of Public Health, USA
CPE Accredited Badge
Abbott Nutrition’s Provider Statement for Nursing CEs:

Abbott Nutrition Health Institute is an approved provider of continuing nursing education by the California Board of Registered Nursing Provider #CEP 11213.

Abbott Nutrition’s Provider Statement for Dietitian CPEUs:

Abbott Nutrition Health Institute is a Continuing Professional Education (CPE) Accredited Provider with the Commission on Dietetic Registration (CDR). CDR Credentialed Practitioners will receive Continuing Professional Education Units (CPEUs) for completion of these activities/materials.

certificate-icon

attended a live program?

question-marks

FREQUENTLY ASKED QUESTIONS

medical-education

continuing medical education courses

Earn CME credits at no cost to you.