Economic Evaluation of Health Programmes

Economic Evaluation of Health Programmes · Economic evaluation in healthcare helps policymakers, administrators, and stakeholders assess the efficiency and effectiveness of health programs. · Various methods and techniques are used to compare costs and outcomes of different health interventions. 1. Cost-Minimization Analysis (CMA) Concept: Used when two or more health interventions achieve the same outcome, and the goal is to determine the least costly option. It assumes equal effectiveness between interventions and focuses solely on cost comparison. Example: Generic vs. Branded Drugs : If a hospital is considering whether to procure a generic version of a drug instead of a branded version (both having the same therapeutic effect), a cost-minimization analysis would help in choosing the more cost-effective option. 2. Cost-Effectiveness Analysis (CEA) ...