Healthcare Economics: Economic Evaluation
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Questions and Answers

What is the primary purpose of economic evaluation in healthcare?

  • To compare the costs and consequences of alternative healthcare options (correct)
  • To determine the cost-effectiveness of a single healthcare intervention
  • To allocate resources to the most valuable healthcare programmes
  • To measure the health outcomes of a specific population
  • What is included in the definition of healthcare costs?

  • Only pharmaceuticals and medical devices
  • Time and resources of patients and their families
  • Only clinical staff and capital equipment
  • All tangible resources, including clinical and non-clinical staff, and consumables (correct)
  • What is the primary focus of consequences in economic evaluation?

  • Changes in healthcare resources
  • Changes in healthcare technologies and innovations
  • Changes in healthcare policies and regulations
  • Changes in individuals' health, including positive and negative effects (correct)
  • Why is economic evaluation strictly comparative?

    <p>Because it is not possible to establish the economic value of a single configuration of resources</p> Signup and view all the answers

    What is an example of a non-health service resource used to produce healthcare?

    <p>Time of patients or their families</p> Signup and view all the answers

    What is another term used to refer to healthcare interventions?

    <p>All of the above</p> Signup and view all the answers

    Study Notes

    Defining Economic Evaluation

    • Economic evaluation in healthcare is a comparison of alternative options in terms of their costs and consequences.

    Alternative Options

    • Alternative options refer to the range of ways healthcare resources can be used to increase population health.
    • Examples of alternative options include:
      • Pharmaceuticals and surgical interventions.
      • Screening and health promotion programmes.

    Interventions, Programmes, and Technologies

    • Interventions, programmes, and technologies are interchangeable terms.

    Healthcare Costs

    • Healthcare costs refer to the values of tangible resources available to the healthcare system.
    • Examples of healthcare costs include:
      • Clinical staff and non-clinical staff.
      • Capital equipment and buildings.
      • Consumables (drugs, medications, devices).

    Non-Health Service Resources

    • Non-health service resources are used to produce healthcare, such as:
      • Time of patients.
      • Time of patients' families.

    Consequences

    • Consequences represent all the effects of healthcare programmes other than those on resources.
    • Consequences can include:
      • Changes in individuals' health (positive or negative).
      • Other effects that individuals may value, such as:
        • Reassurance.
        • Information provision.

    Comparative Nature of Economic Evaluation

    • Economic evaluation is strictly comparative.
    • It is not possible to establish the economic value of one configuration of resources unless its costs and consequences are compared with at least one alternative option.

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    Description

    This quiz covers the definition and principles of economic evaluation in healthcare, including the comparison of alternative options and their costs and consequences.

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