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

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

Preferred term

cost-comparison analysis

Definition

A cost-comparison analysis estimates the total costs of two or more interventions, including downstream costs, and the numbers of individuals affected by each intervention but does not estimate cost-effectiveness ratios relative to health outcomes. This approach was developed in the early 1970s as a method of cost accounting with specific applications to ascertaining the lowest-cost methods of pharmacologic dosing and laboratory testing. [Source: Encyclopedia of Medical Decision Making; Cost-Comparison Analysis]

Broader concept

basis for making the decision

Belongs to group

methods

URI

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

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