evaluation of cost effectiveness

USAGE SUMMARY

The phrase "evaluation of cost effectiveness" is correct and usable in written English.
It can be used in contexts where you are assessing the efficiency or value of a project, program, or investment in relation to its costs. Example: "The evaluation of cost effectiveness revealed that the new program significantly reduced expenses while improving outcomes."

✓ Grammatically correct

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

8 human-written examples

No-rinse disposable wash gloves are increasingly implemented in health care to replace traditional soap and water bed baths without proper evaluation of (cost) effectiveness.

International Journal of Nursing Studies

Evaluation of cost effectiveness as carried out by the NICE technology appraisal process[19] requires estimating the drug costs for the average patient, which for most chemotherapy drugs involves calculations based on expected BSA values.

Plosone

Risk based screening could improve the balance of benefit to harm of breast cancer screening, but such a strategy would need further evaluation of cost effectiveness.

British Medical Journal

These simulations are of relevance, as an increasing interest exists for the evaluation of cost effectiveness in subgroups of patient populations.

CPT: Pharmacometrics and Systems Pharmacology

Evaluation of cost effectiveness of caregiving services in any LMIC needs to consider the nation's productivity and the cost incurred by the loss of working population.

BMC Health Services Research

A dearth of evidence is reported about changing workforce skill mix, especially for role changes out with doctors and nurses, and most particularly a lack of evaluation of cost effectiveness and impact on the wider health care system [ 81].

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

52 human-written examples

Consequently, we showed that evaluation of (cost-) effectiveness should account for cluster differences, for instance by using multilevel analyses.

BMC Family Practice

However, the preliminary and hypothesis-generating results of this pilot study must be validated in larger, prospective, multicentre, high quality randomised clinical trials not only evaluating clinical benefits but also paralleled by evaluation of cost-effectiveness applying a micro-costing approach.

BMC Anesthesiology

Any further evaluation of cost-effectiveness between different programme alternatives should evaluate in the first place if there is substantial difference in terms of these parameters.

BMC Health Services Research

Our follow-up design restricted the evaluation of cost-effectiveness, which is a limitation, since it was shown that CCS measurement may not be cost-effective [ 49].

European Radiology

Areas of concern include how to organise the health system to provide an effective response to the challenges posed by cardiovascular disease, the evaluation of cost-effectiveness of different means of care delivery, and the provision of the related social support programmes needed.

Health Research Policy and Systems

Expert writing Tips

Best practice

When writing about "evaluation of cost effectiveness", clearly define the scope and perspective of your analysis. Specify whose costs and benefits are being considered (e.g., patient, provider, society).

Common error

Don't use "evaluation of cost effectiveness" when you actually mean cost-benefit analysis. Cost effectiveness focuses on the cost per unit of outcome, while cost-benefit analysis considers all costs and benefits in monetary terms.

Linguistic Context

The phrase "evaluation of cost effectiveness" serves as a noun phrase, functioning as the subject or object in a sentence. It describes the process of assessing the efficiency and value of an intervention or program in relation to its costs. Ludwig AI confirms this usage.

Expression frequency: Uncommon

Frequent in

Science

60%

Formal & Business

20%

News & Media

10%

Less common in

Encyclopedias

3%

Wiki

4%

Reference

3%

Ludwig's WRAP-UP

The phrase "evaluation of cost effectiveness" is a grammatically correct and usable English phrase, as confirmed by Ludwig AI. It's primarily used to describe a systematic assessment of the value and efficiency of interventions, especially in science and formal business contexts. While "evaluation of cost effectiveness" is acceptable, it's crucial to distinguish it from other similar terms like cost-benefit analysis. The contexts for the phrase include science, formal and business sectors. The expert rating given by Ludwig is 4.1/5, taking into account grammatical correctness, source authority and usage consistency.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Economic evaluation

A broader term that includes cost-effectiveness, cost-benefit, and cost-utility analyses.

Cost-benefit analysis

Focuses on comparing total costs and benefits, not just effectiveness.

Cost-utility analysis

Measures outcomes in terms of quality-adjusted life years (QALYs).

Value for money assessment

Emphasizes the value received for the money spent, broader than just cost and effectiveness.

Efficiency assessment

Focuses on how well resources are used to achieve a specific outcome.

Cost minimization analysis

Compares the costs of two or more interventions with equivalent outcomes.

Budget impact analysis

Focuses on the financial impact of adopting a new intervention or program.

Return on investment (ROI) analysis

Measures the profitability of an investment relative to its cost.

Resource allocation analysis

Focuses on how resources are distributed to maximize value.

Performance measurement

Assesses how well a program or intervention is meeting its goals.

FAQs

What's the difference between "evaluation of cost effectiveness" and cost-benefit analysis?

"Evaluation of cost effectiveness" compares the cost per unit of outcome achieved, while cost-benefit analysis assesses whether the total benefits outweigh the total costs, both expressed in monetary terms.

How is "evaluation of cost effectiveness" used in healthcare?

In healthcare, "evaluation of cost effectiveness" helps determine if a new treatment or intervention is worth the additional cost compared to existing alternatives. It often involves calculating the cost per quality-adjusted life year (QALY) gained.

What are some limitations of "evaluation of cost effectiveness"?

Limitations include the difficulty in accurately measuring all relevant costs and outcomes, ethical considerations about valuing health outcomes, and the potential for bias in the analysis. Also, "value for money assessment", is a subjective topic.

What factors are considered in an "evaluation of cost effectiveness"?

Factors include direct medical costs, indirect costs (e.g., lost productivity), and health outcomes (e.g., survival, quality of life). The analysis also considers the time horizon, discount rate, and perspective of the analysis.