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Often used synonymously with health economics, medical economics, according to Culyer, [31] is the branch of economics concerned with the application of economic theory to phenomena and problems associated typically with the second and third health market outlined above: physician and institutional service providers. Typically, however, it ...
Similarly, critics of Grossman's model have conceptualized the issue not from the point of view of healthcare demand, but the avoidance of illness which in itself is a disutility. [11] In that sense, poor health is seen as a factor diminishing or interrupting an individual's ability to achieve maximum utility, with death being seen as a ...
In 1995, Jo C. Phelan and Bruce G. Link developed the theory of fundamental causes.This theory seeks to outline why the association between socioeconomic status (SES) and health disparities has persisted over time, [1] particularly when diseases and conditions previously thought to cause morbidity and mortality among low SES individuals have resolved. [2]
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative costs and outcomes (effects) of different courses of action. Cost-effectiveness analysis is distinct from cost–benefit analysis, which assigns a monetary value to the measure of effect. [1]
Health care; Health care finance in the United States; Health care prices in the United States; Health care ratings; Health care rationing; Healthcare reform debate in the United States; Comparison of the healthcare systems in Canada and the United States; Health crisis; Health Disparities Center; Health economics (Germany) Health equity ...
In this example a company should prefer product B's risk and payoffs under realistic risk preference coefficients. Multiple-criteria decision-making (MCDM) or multiple-criteria decision analysis (MCDA) is a sub-discipline of operations research that explicitly evaluates multiple conflicting criteria in decision making (both in daily life and in settings such as business, government and medicine).
Economic evaluation is the process of systematic identification, measurement and valuation of the inputs and outcomes of two alternative activities, and the subsequent comparative analysis of these. [1] The purpose of economic evaluation is to identify the best course of action, based on the evidence available.
The Donabedian model is a conceptual model that provides a framework for examining health services and evaluating quality of health care. [1] According to the model, information about quality of care can be drawn from three categories: "structure", "process", and "outcomes". [2]