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... > medicine > clinical medicine > medical decision making > basis for making the decision > cost-minimization analysis

... > medicine > clinical medicine > medical decision making > basis for making the decision > cost-minimization analysis

Preferred term

cost-minimization analysis

Definition

Cost-minimization analysis is a special form of cost-effectiveness analysis where the health outcomes can be considered to be equivalent between two treatment alternatives and therefore the interest is only on which of the two strategies has the lower cost. Cost-minimization analysis appears to have much to commend it: in particular, it embodies an apparently simplified approach to decision making by looking at only the cost side of the equation. [Source: Encyclopedia of Medical Decision Making; Cost-Minimization Analysis]

Broader concept

basis for making the decision

Belongs to group

methods

URI

https://concepts.sagepub.com/social-science/concept/cost-minimization_analysis

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