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Table 1 Overview of forms of economic evaluation

From: Economic evaluation of implementation strategies in health care

Form of evaluation Use for decision making Measurement of health effects Economic summary measure
Cost-consequences analysis Comparison of implementation strategies that have disparate outcomes Any measure Not applicable
Cost-effectiveness analysis Comparison of implementation strategies that produce a common outcome Process measures (e.g., professional guidance adherence, patient compliance to medication) or health effects (intermediate or final), measured in natural units Cost-effectiveness ratio (e.g., cost per case averted, cost per life-year saved), at patient or population level
Cost-utility analysis Comparison of implementation strategies that have morbidity and mortality outcomes Final health outcomes, including health status, patient preferences, utilities Cost per quality-adjusted life-year, at patient or population level
Cost-benefit analysis Comparison of implementation strategies with different units of outcome (health and nonhealth) Monetary units Net health benefit or net monetary benefit, at patient or population level
Cost analysis Comparison of net cost of implementation strategies with equivalent outcomes Not applicable Net cost or cost of illness, at patient or population level