In the context of pharmacoeconomics, the cost-effectiveness of a therapeutic or preventive intervention is the ratio of the cost of the intervention to a relevant measure of its effect.

The meaning of COST-EFFECTIVE is producing good results without costing a lot of money. How to use cost-effective in a sentence.

Apr 7, 2024 · Cost-effectiveness is a relative measure, indicating that an option achieves outcomes at lower costs compared to others. However, it doesn’t guarantee that resources are being used in the …

Cost-effectiveness refers to the ability of an action, program, or investment to produce desired outcomes relative to its cost. It is a critical concept in business, economics, and public policy, where …

Apr 9, 2025 · Cost effectiveness is a crucial concept in decision making, as it allows individuals and organizations to assess the efficiency and value of their choices. It involves evaluating the costs …

May 29, 2025 · Cost-effective and cost-efficient are related but distinct concepts in financial and operational decision-making. A process or decision is considered cost-effective when it delivers the …

Cost-effectiveness analysis (CEA) is an economic evaluation method that compares the costs of different policies or programs. It involves comparing policies and programs by how much they cost to …

Cost-effectiveness analysis (CEA) compares the relative costs of the outcomes of two or more courses of action and is considered an alternative to cost-benefit analysis (CBA). CEA is most useful when …

Sep 20, 2024 · CEA provides information on health and cost impacts of an intervention compared to an alternative intervention (or the status quo). If the net costs of an intervention are positive (which …

Cost-effective is doing the right things, while cost-efficiency is doing things the right way. Cost-effectiveness means getting better results without spending a lot. Cost efficiency gets the most out of …