As health care expenditures in Canada continue to increase annually, pressure rises to contain spending. Clinicians are partially responsible for cost containment and can help optimize spending by utilizing more cost-effective interventions. An understanding of economic evaluations, particularly cost-effectiveness analysis, will help physicians make well-informed decisions when choosing between different treatments for their patients. This paper describes different types of economic evaluations with a focus on cost-effectiveness analysis. A hypothetical study is included to illustrate how a cost-effectiveness analysis evaluation is performed. By understanding and considering the economic value of appropriate interventions, clinicians can aim to provide evidence-based care for their patients and the population as a whole.
|Original language||English (US)|
|Number of pages||3|
|Journal||University of Toronto Medical Journal|
|State||Published - 2013|
ASJC Scopus subject areas