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... > medicine > clinical medicine > medical decision making > basis for making the decision > net monetary benefit

... > medicine > clinical medicine > medical decision making > basis for making the decision > net monetary benefit

Preferred term

net monetary benefit

Definition

Generally, cost-effectiveness analysis expresses the outcome in the cost-effectiveness ratio. This ratio relates the difference in costs of two alternative healthcare interventions to their difference in health effects. [Source: Encyclopedia of Medical Decision Making; Net Monetary Benefit]

Broader concept

basis for making the decision

Belongs to group

concepts

URI

https://concepts.sagepub.com/social-science/concept/net_monetary_benefit

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