Economic evaluation


Drummond, MF; Aguiar-Ibanez, R; Nixon, J; (2006) Economic evaluation. Singapore medical journal, 47 (6). 456-61; quiz 462. ISSN 0037-5675

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Abstract

Given the need to assess the value for money of healthcare treatments, economic evaluation has been gaining popularity over the past ten years. Studies comparing the costs and consequences of alternative healthcare interventions have been published in all fields of healthcare. This article describes the basic forms of economic evaluation and outlines the key methodological features to be considered in the critical appraisal of studies. Issues such as the appropriateness of the study question, the selection of alternatives to be compared, the measurement of costs and consequences, and the assessment of uncertainty are discussed. Additionally, an analytical critique of economic evaluations undertaken in Singapore is provided, and the prospects for economic evaluation in the future are discussed.

Item Type: Article
Keywords: Cost-Benefit Analysis, Efficiency, Health Resources/*economics/supply & distribution, Health Services Research/*methods, Humans, *Models, Economic, Quality-Adjusted Life Years, Resource Allocation/economics, Singapore, Uncertainty, Cost-Benefit Analysis, Efficiency, Health Resources, economics, supply & distribution, Health Services Research, methods, Humans, Models, Economic, Quality-Adjusted Life Years, Resource Allocation, economics, Singapore, Uncertainty
Faculty and Department: Faculty of Public Health and Policy > Dept of Health Services Research and Policy
PubMed ID: 16752012
URI: http://researchonline.lshtm.ac.uk/id/eprint/9258

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