title: Health economic methods: cost-minimization, cost-effectiveness, cost-utility, and cost-benefit evaluations.
abstract: Health care resources are limited, and health care providers must strive to maximize health benefits to patients within available resources. This is becoming increasingly important in critical care as demand for services grows and costs associated with treatment increase. Economic evaluations enable comparisons of both the costs and effects of an intervention. There are four main types: cost-minimization, cost effectiveness,cost-utility, and cost-benefit. The costs associated with the intervention are measured in monetary units (dollars); the evaluation types differ with respect to how outcomes are measured. This article introduces the methodology for performing these economic evaluations,highlighting important aspects regarding critical care.
authors: Australian and New Zealand Intensive Care Research Centre, Department of Epidemiology and Preventive Medicine, School of Public Health and Preventive Medicine, Monash University, 99 Commercial Road, Melbourne 3004, Australia. lisa.higgins@monash.edu
authors: Alisa M
authors: AM
authors: Higgins
authors: Anthony H
authors: AH
authors: Harris
mesh_terms: D003363:Cost Control / Q000191:economics; D003362:Cost-Benefit Analysis / Q000191:economics; D003422:Critical Care / Q000191:economics*; D015276:Health Care Rationing / Q000191:economics*; D006801:Humans; D019057:Quality-Adjusted Life Years; D014481:United States