What is cost-effectiveness in evaluation?

What is cost-effectiveness in evaluation?

Cost-effectiveness analysis is a way to examine both the costs and health outcomes of one or more interventions. It compares an intervention to another intervention (or the status quo) by estimating how much it costs to gain a unit of a health outcome, like a life year gained or a death prevented.

How do you calculate cost-effectiveness analysis?

To calculate the cost-effectiveness for each activity divide the total costs by the outcome. In this example that means dividing the total cost of one-on-one outreach or SMS messages by the total number of extra pregnant women who attended antenatal care.

What is cost-effectiveness in research?

Cost-effectiveness research is the comparative analysis of two or more alternative interventions in terms of their health and economic consequences, whose results are expressed as an incremental cost-effectiveness ratio, the ratio of differences in cost between a pair of medical interventions to the differences in the …

What is cost-effective method?

Cost-effectiveness analysis (CEA) is a research method that characterizes the costs of interventions relative to the amount of benefit that they yield. CEA provides a standardized means of comparing interventions to identify those that provide maximal clinical effect per incremental unit of cost.

What is the effective cost?

Effective cost is the total cost of borrowing, not just interest charges. Effective cost or annual percentage rate uses total finance charges to find the true cost of a loan expressed as a percentage rate.

Whats the meaning of cost-effective?

Definition of cost-effective : producing good results without costing a lot of money cost-effective measures to combat poverty Robot spot welding can be quite cost-effective …—

What is another word for cost effectiveness?

In this page you can discover 26 synonyms, antonyms, idiomatic expressions, and related words for cost-effective, like: economical, low-cost, cost-efficient, thrifty, , environmentally friendly, worthwhile, time-saving, penny-wise, convenient and frugal.

What is another word for cost-effectiveness?

What is a cost-effectiveness model?

A cost-effectiveness model (CEM) is an analytic framework used to synthesise information on a range of variables (natural history, clinical efficacy, health related quality of life, resource use and costs) in order to estimate the lifetime costs and benefits associated with two or more interventions.

What does cost ineffective mean?

Adjective. Too expensive. cost-prohibitive. too expensive.