Abstract
Health economic evaluation is the application of economic theories, tools and
concepts to healthcare. In the setting of limited resources, increasing demand and
a growing array of intervention options, economic evaluation provides a framework
for measuring, valuing and comparing the costs and benefits of different
healthcare interventions. This review provides an overview of the concepts and
methods of economic evaluation, illustrated with examples in ophthalmology. Types
of economic evaluation include cost-minimisation, cost-benefit,
cost-effectiveness, cost-utility and economic modelling. Topics including utility
measures, the quality-adjusted lifeyear, discounting, perspective and timeframe
are discussed. Health economic evaluation is important to understand the costs and
value of interventions in ophthalmology and to inform health policy as well as
guide clinical decision-making.
Subject
Cellular and Molecular Neuroscience,Sensory Systems,Ophthalmology
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