Since 2021, aggregated from related topics
Cost-effectiveness analysis is a method used in healthcare and other industries to compare the costs and outcomes of different interventions, programs, or policies. It involves assessing the costs of implementing a particular intervention or treatment and comparing them to the benefits or outcomes achieved. This analysis helps decision-makers determine the value for money of different options and make informed choices about resource allocation. Cost-effectiveness analysis is often used to inform healthcare policy decisions, such as which treatments to fund or prioritize based on their cost relative to the health benefits they provide.