title: Economic evaluation.
abstract: Given the need to assess the value for money of healthcare treatments, economic evaluation has been gaining popularity over the past ten years. Studies comparing the costs and consequences of alternative healthcare interventions have been published in all fields of healthcare. This article describes the basic forms of economic evaluation and outlines the key methodological features to be considered in the critical appraisal of studies. Issues such as the appropriateness of the study question, the selection of alternatives to be compared, the measurement of costs and consequences, and the assessment of uncertainty are discussed. Additionally, an analytical critique of economic evaluations undertaken in Singapore is provided, and the prospects for economic evaluation in the future are discussed.
authors.affiliation: Centre for Health Economics, University of York, Heslington, York YO10 5DD, The United Kingdom. md18@york.ac.uk
authors.forename: M F
authors.initials: MF
authors.lastname: Drummond
authors.forename: R
authors.initials: R
authors.lastname: Aguiar-Ibanez
authors.forename: J
authors.initials: J
authors.lastname: Nixon
mesh_terms: D003362:Cost-Benefit Analysis; D004526:Efficiency; D006295:Health Resources / Q000191:economics* / Q000600:supply & distribution; D006302:Health Services Research / Q000379:methods*; D006801:Humans; D018803:Models, Economic; D019057:Quality-Adjusted Life Years; D040841:Resource Allocation / Q000191:economics; D012846:Singapore; D035501:Uncertainty