Cost-effective definition: something that is cost-effective saves or makes a lot of money in comparison with the | meaning, pronunciation, translations and examples. Cost effectiveness cost-effectiveness is a type of economic analysis that quantifies benefit through one of the standard outcome measures that capture mortality, or quality of life (qol). In international development / global aid programs, ‘cost-effectiveness analysis’ is a term given to comparing the relative costs of achieving the same outcome using different activities. Definition of cost-effective written for english language learners from the merriam-webster learner's dictionary with audio pronunciations, usage examples, and count/noncount noun labels. Cost-effectiveness analysis (cea) a type of economic evaluation used to determine the best use of money available for medical care it compares different kinds of .
Also complete the cost effective insurance prorating premium and deductible amounts form , which is a companion form to the cost effective insurance calculation form (dhs-2841a) use the calculation on the dhs-2841d to complete the information on dhs-2841a. Cost-effective definition: 1 if an activity is cost-effective, it is good value for the amount of money paid: 2 providing good value for the amount paid: 3 cost-effective methods or processes bring the greatest possible advantage or profit when the amount that is spent is considered: . Why use cost-effectiveness analysis the 1993 edition of disease control priorities in developing countries(jamison and others 1993) was among the first efforts to guide choices about public health policies in developing countries by systematically combining information about effective interventions with information about their costs. Cost efficiency is the ability to use less resources (cost) to achieve greater output while cost effectiveness is the ability to use resources (cost) to achieve the objectives (outcomes) a program may therefore be cost effective but may not be cost efficient .
Define cost-effective cost-effective synonyms, cost-effective pronunciation, cost-effective translation, english dictionary definition of cost-effective adj . Cost-effectiveness is a quantitative method for comparing the costs of alternative means of achieving the same stream of benefits for a given objective the benefits in the context of hazard mitigation are avoided future damages and losses the stafford act and the nfia authorize fema to fund . Definition of cost effectiveness: relationship between monetary inputs and the desired outcome, such as between the expenditure on an advertising campaign and increase in sales revenue dictionary term of the day articles subjects.
Translate cost-effective see authoritative translations of cost-effective in spanish with example sentences, phrases and audio pronunciations. Many translated example sentences containing cost effective – spanish-english dictionary and search engine for spanish translations. One goal of health policy research is to improve cost effectiveness without compromising quality of care rand researchers examine treatments, programs, drugs, and technologies in terms of their costs, their cost effectiveness, and the alternatives that may or may not present a better, more efficient way forward.
Cost-effective managed care adjective referring to an intervention that is considered financially optimal if there is no other available intervention that offers a clinically appropriate benefit at a lower cost. Definition of cost-effective in the audioenglishorg dictionary meaning of cost-effective what does cost-effective mean proper usage and pronunciation (in phonetic transcription) of the word cost-effective. Cost-effectiveness was viewed in terms of dealing with direct and indirect costs in the laboratory with the terms “cost-effective” and “cost-containment” used interchangeably applied to controlling expenses with the goal of quality service within a balanced budget. Chiropractic is more cost effective than medical care for workers compensation cases: the study was a retrospective review of 96,627 closed injury claims in north carolina between 1975 and 1994 the results showed that the average cost of treatment, hospitalization, and compensation payments were higher for clients treated by medical doctors . Cost-effectiveness analysis (cea) is a type of economic analysis where both the cost and the outcome (impact, result, effect, benefit, health gain) of an intervention are evaluated and then expressed in the form of a cost-effectiveness ratio.
Cost-effective definition is - producing good results without costing a lot of money how to use cost-effective in a sentence producing good results without costing a lot of money producing good results without costing a lot of money. Social media can be a helpful tool in this regard as well ty crandall, ceo of creditsuite says, some of the most effective and cost-effective marketing strategies for growing a new business now . Cost-effectiveness analysis is a tool used to aid decisions about which medical care should be offered it is a method of comparing the cost and effectiveness of two or more alternatives such comparisons are useful when one of the alternatives being considered is standard care, as this allows the decision maker to consider whether an . The use of cost-effectiveness analysis within decision making processes in health is increasingly common globally however, a series of methodological shortcomings may limit the practical application of cost-effectiveness analysis results two examples of this are methodological differences between .
Definition of cost-effective in the definitionsnet dictionary meaning of cost-effective what does cost-effective mean information and translations of cost-effective in the most comprehensive dictionary definitions resource on the web. Cost-effective synonyms and cost-effective antonyms top synonym for cost-effective (another word for cost-effective) is profitable. Cost-effective definition, producing optimum results for the expenditure see more. A building design is deemed to be cost-effective if it results in benefits equal to those of alternative designs and has a lower whole life cost, or total cost of ownership for example, the hvac system alternative that satisfies the heating and cooling requirements of a building at the minimum whole life cost, is the cost-effective hvac system .
As discussed in the benefit-cost analysis module, economic evaluations are best conducted once a program, policy, or intervention has proven effective but prior to. Givewell discusses the strengths and weaknesses of its approach to analyzing charities’ cost-effectiveness to inform its recommendations.