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Cost-effectiveness ratio
The outcome of cost-effective analysis. The numerator of the ratio summarises the costs and financial savings associated with the therapy, including the costs of the therapy itself, side effects, medical costs, and savings from avoided illness and disability. The denominator of the cost-effectiveness ratio reflects the health effect of the intervention. The year of life saved is probably the most commonly used measure of the health effect.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Health care
- Category: Pharmacy
- Company: McGraw-Hill
- Product:
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